St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1890-11-09
ONLY A SLIGHT LOSS.
Wheat Opens Firm, Advances,
Slumps Two Points, and
Closes Steady.
December Shrinks Three
Elghths and May One
Eighth Of a Cent.
Corn Advances, Oats Close
Steady--All Kinds of Pro-
visions Lower.
Chief Feature Of the New
York Stock Market It's
Weakness.

CHICAGO, Nov. S.-There was big market
IN wheat early in the session and the show OF
strength the first hour was encouraging 10
the bulls 1t also drove lot of small shorts
10 cover and checked the heavy selling.
There Was some scattering bull news, but 1t
did not count for much. Liverpool was firm
for spot wheat and l2d off on futures early
and closed steady and unchanged. Ele-
eator companies reported falling off in re-
Ceipts. The figures did not bear this out
very well. Minneapolis had 67l cars and
Chicago us cars or 30 over the estimate.
Primary markets for the week received 49,
eco bu. less than last week and export clear
ances were $1,000 bu. more. The export
clearances were 5O,C00 more. The earliest
estimate on the visible supply was for an in
crease of 100000 for the week Min
neapolis reports an increase for the
week of $4,000 bu. But the strength
early was in the temper of the
trade rather than the news. Hutchinson.
Mitchell, Logan & Co., Aldrich & Vance.
Counsalman & Day. Brosseau, Cudahy and
others, besides orders from 81. Louis and
New York were ali on the buying side.
While this lasted there was no great selling
pressure. Scalpers letting go of long wheat
constituted the principal offerings. But
there were no export elearances. Wall street
Eas again unsold and Brosseau began the
selling while the small shorts covering the
wheat went begging. The offerings became
general and the support petered out. The
market became extremely weak and declined
20 point s4c under the bottom yesterday
Tor December, while May sold again at bot
tom figures and the premium widened to
Bs4c. The action was as follows: December.
DSas 10 1914 to 97i2c; May, Sl.V5il 10 Si.05ss
10 Sl.n4l4. There was q very fair recovery
IN wheat the last half hour. The influence
of the stock market was out of the way.
The early sellers evidently did not want to
be short over Sunday. and on the general
picking up of wheat before the close Decem-
Der rallied about 1c from the bottom, to
D>ssc, closing only l2c under last night May
sold as low as Sl.U4 and closed S105. No
vember 91ac, off TO O. lac to 96sse to close.
On the curb December wheat privileges sold
97A09. Sac puts, 99l2@995sc calls. There
was good firm market in corn. The only
weak spot during the session was in sympa-
thy with break of nearly &c in wheat. The
receipts were less than the estimate and the
cash demand good. When wheat rallied
prices for corn were advanced easily. Closing
quotations were lsc higher than those of yes
terday. There was less pressure TO sell oats
and the market did not any time get below
the opening price for May. During the EAST
hour the market firmed up in sympathy with
wheat ana corn, and closed tac higher. Pro-
visions broke from lack of support Packers
were sellers and the outside business was the
BUYERS. Pork declined 7l201oc and lard
ard ribs 2I2c.
The leading futures ranged as follows: