St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1890-10-30
HALF A POINT Lower
Wheat Shrinks a Fraction
Under Heavy Trading by
Local Operators.
Corn Declines in Sympathy,
Oats on Fair Selling,
Closing Lower.
Quiet Feeling in Hog Pro-
ducts, the Close Being
Fractionally Lower.
The General List Of Stocks
Dull and Comparative
ly Stagnant.

CHICAGO Oct 29.-The wheat market had
a range of 14c at 80, and it had the same
range at l-:3 ), except at the latter hour
prices had been twice over the ground, hav-
ing advanced and reacted about the same
The feature of the morning was the IN
usual relative strength in May. which at the
close yesterday was 45sc over December and,
on the bulge this morning, rose to premium
of SC and held il all day. December sold
81. 03l2 to Sl.o3Is, to Sl.O4A, to Sl.03A,
while May sold ST., ga to SIS. to SlO9A,
to $1.OsA. The early depression was caused
by pretty free selling of long wheat carried
over from yesterday. Mitchell William
Dunn, S. V. White & Co.. Baxter and many
others took hand in the selling. Hutchin-
son did not hinge or bought wheat on the
little decline. 1t was at this time that the
bull news began to circulate. Receipts here
were less than the estimate at 125 cars.
The out inspection showed $500 blu
wheat taken from store, including 25. 600 bu
No. spring. Receipts at Minneapolis were
moderate AT 444 cars. and at Duluth very
light at s. cars Liverpool cables were firm,
wi futures I'D higher. Clarke wired from
New York that he had Sd better bid for wheat
by cable. second Liverpool cables were
stronger. with tl2d advance. AT the same
time some bullish cables were received re.
ubia0 shipments almost entirely stopped.
Liverpool decidedly better. Strongyladvise
buying wheat New York cleared 25,OnO
bu and reported 3 boat loads fresh business
for export. On this class of news there was
a furry, rush to buy, quick jump in prices,
and IN ID minutes December was up to 81 .04l2
and May to Sl.I9A. This was the top for the
day. Hutchinson was seller on the advance.
Prices settled back TO Sl.03 December and
81 90 May once more. and then a slow de-
cline set in which took prices to SI.03A and
$l.rSA at 1890, and at o'clock the De-
cember had been to S1.02ls and back to
OPP. or about the closing price last night.
The lowest prices of the day were made in
wheat just at the close, when December sold
$l.U3 and May S1.Os, with December SI.O3
@l.U31s Did at the close. The bearish in
tiuencc late in the day was the Bradstreets
statement, showing all increase in the avail
able stacks east of the mountains of $685.,
900 Blu. A great deal of long wheat was sold
out. The trading in corn was fairly active,
but there was no particular feature to the
business beyond the tendency of the market
late in the day to follow the course of wheat.
The May future continues to almost monopo-
lie The speculative trading. 1t opered
strong, but closed easy and l1c lower. The
oats market, after the first few minutes trad
ing, was in the hands OF the scalpers II
opened firm, but declined with the break in
wheat, and closed A@ssc lower. The pro-
vision market was dull and narrow, both in
the extent of valuations and in The amount
of business passing. Pork, lard and ribs
closed easier and trife lower.
The leading futures ranged as follows: