St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1890-11-10
ONLY A SLIGHT LOSS.
Wheat Opens Firm, Advances,
Slumps Two Points, and
Closes Steady.
December Shrinks Three
Eighths 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.

CmcAGo, Nov 9.-There was big market
in wheat early i'll the session and the show of
strength the first hour was encouraging to
the bulls. 1t also drove lot of small shorts
10 cover and checked the heavy selling.
There was some scattering bull news, but il
did not count for much. Liverpool was firm
for spot wheat and i2d off on futures early
and closed steady and unchanged. Ele-
Vator companies reported falling off in re-
eeipts Z he figures did not bear this out
very well. Minneapolis had GIL ears and
Chicago lTS cars, or 90 over the estimate.
Primary markets for the week received 49,
coo blu. less than last week and export clear
ances were 10000 blu. more. The export
clearaEces were $4,000 more. The earliest
estimate Oh the visible supply was for an in
crease of 100000 for the week. Min
neapolis reports an increase for the
week of 435, 600 Blu. But the strength
early was in the temper OF the
trade rather than the news. Hutchinson,
Mitchell, Logan G. Co., Aldrch 4 Vance.
Counselman Day. Brosseau, Cudahy and
others. besides orders from st. Louis and
New York. were all on the buying side.
While this lasted there was no great selling
pressure. Scalpers letting go of long wheat
constituted the principal offerings. Blu:
there were no export clearances. Wall street
was 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
to Il point s4c under the bottom yesterday
for December. while May sold again at bot
tom figures and the premium widened to
Sac. The action was as follows: December.
9Sss TO 1914 to 97lac; May, $1.t5ls to Sl.O5ss
to Sl.n4A. There was 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 Deem
Der rallied about 1c from the bottom, to
g. Ssc. closing only iac under last night. May
sold as low as 81 GA and closed S1.05. No
vember 01Ac, off to 8 lac to 96sbc to close
On the curb December wheat privileges sold
91A6191ssc puts, 9912@99Ssc calls. There
was good firm market in corn. The only
weak spot during the session was in sympa-
thy with a 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 I.c 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 last
hour the market tirmed up in sympathy with
wheat and corn, and closed i2c higher Pro-
visions broke from lack of support. Packers
were sellers and the outside business was the
buyers. Pork declined 7I201Oc and lard
and ribs 2l2c.
The leading futures ranged as follows: