St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1890-11-13
Affected BY STOCKS.
The Chicago Wheat Market
Active, the Feeling Nerv-
Gus and Unsettled.
Despite Increase In Visible
Supply, Prices Advance
a Fraction.
Corn and Oats Go Skywapd
Under Heavy Buying by
Hutch.
Hog Products Fluctuate With.
in a Narrow Range, Clos
ing Steady.

CHICAGO, Nov. 12.-It was another stock
market in wheat. The action in stocks in
Wall street was closely followed during the
morni ngy Thia was SO mainly because the
financial situation in New ork aud London
continues so strained that dangerous state
Of affairs may develop any hour, and failures
follow even outside of stock circles The
outlook was greatly improved in both New
Eork and London early, and the influence
was seen here in an advance of l2e in the
price OF December wheat at the opening On
the further advance IN stocks wheat moved
up Toe further. On O drop III prices in Wal
street at IL the price of wheat went off zsc.
Then followed a second advance OF Isc with
The noon strength in railroad shares. Later.
Wall street house failed, aud this set wheat
back again. This decline was helped by the
Bradstreets' statement of 1865. 100 bu in
crease in wheat stocks for the week. Other
news for the day was conflicting and not i'm
pOTtant. New York cleared 40. 900 blu wheat,
Philadelphia 5000 bu and Baltimore none.
Gables were quiet all day. Receipts at Min
neapolis and Duluth were light at $40 cars
for both points. The Chicago receipts were
much over the estimate at 2O3 cars, includ-
Ing 81 cars contract wheat. Receipts here
yesterday were 249,oOO Du, and shipments
but $4,000 Blu. Out inspection showed
69,o'O Blu, including $4,000 bu No
spring. In the pit early Logan g.
Co, Seckel Moore and the crowd bought
wheat. The first houses to sell heavily on
the stock market influence were Kernett &
Hopkins and Mccormick & Co. Later Linn
sold block OF wheat. AS for Hutchinson he
was quiet buyer of wheat all day. The
action OF the market up to L o'clock was as
follows: December opened 99c. sold 09Lc,
OFF to 9SSsc, up to 9S7Sc, off to 975s, I'D to
9S9sc to 9Sssc; May, Sl.u5% to Sl.O5 to
Sl.O5Ss to Sl.O4I2 to S1.05lS to 81 O47s. Late
In the day the trade became quite moderate.
Wheat was quite firm at the close Buying
and selling in December were pretty well
balanced, and that month closed at yester-
days price at 9Sl2c, Small buying orders IN
May and no selling pressure closed that
month Ac upat SIT "A. Charters were l6, 900
bu. Sensational lies wired from New York or
manufactured here were against the market
TO the close. On the curb puts on December
wheat sold at 979Sc and calls sold at 995sc.
Light receipts, brisk demand for cash corn
and heavy buying by Hutchinson contributed
materially in sustaining the corn market. in
spite OF the determined selling by other local
spectators. Prices at the close were 110ssc
hlgher The oat market was dull and weak.
but Hutchinson's purchases held 1t steady
and finally closed at lac higher The pro-
vision market was strong in the face of heavy
receipts of hogs and immense stocks of
manufactured material. There was ONLY
fair amount OF business done in specu-
lative way. Pork gained 5@l7I2c, and lard
and ribs 2l2c,
The leading futures ranged as follows: