St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1890-11-11
TOO MUCH IN SIGHT.
Visible Supply Figures and
Wall Street Affect Chica-
go's Wheat Market.
Only Moderate Trading and a
Shrinkage of Nearly a
Point.
Corn and Oats SympathiZe
With Wheat and Shrink
in Value.
All Kinds of Hog Products
Unsettled, Closing at In
side Figures.

CHICAGO, Nov. 10.-The wheat market had
many things against it to-day, The chief
bear influence was the Generalization in
stocks al New York and the danger of failures
in financial circles in the East and abroad.
Later in the day the visible supply figures
showed an increase far exceeding the esti-
mate Stocks in country elevators in the
Northwest were also largely increased. The
day opened with the trade completely unset
tied over the Wall street reports, where the
break in values over night was the most gen.
eral in years. Trouble was also expected at
Boston, growing out of the decline in copper
shares abroad. The wheat market started
with sales for December all the way from
97a4c down to 97l4c with 97Iac q fair open
ing price; May S1.O4@1. O4A. AS soon as
the furry was over the market became firm
and ma lie fair recovery to 9S4c for Deem
Der and S1.017s for May, or just lsc under
the close Saturday for each month. When
the market paused at these figures attention
was again turned TO the stock market and to
the posted reports OH the visible wheat. New
York increased its wheat &c., 100 bu, Min
neapolis 10000 and Chicago 233. 900 bu.
The total visible supply increased ,464. 900
blu. Country elevators i'll Minnesota and the
Dakotas increased stocks 1,40U,0 900 bu for
the week. Receipts at Minneapolis
and Duluth to-day were OH cars.
Chicago had lS2 cars, or so cars
over the estimate. The estimate for to-mor-
row was made quite liberal at 2S3 cars. The
early buying by Logan & Co. and Boyden &
Co. stopped. When wheat was offered it
found 10 takers. A few bull houses began
selling. Durham & Co. were conspicuous.
Lamsons sold freely. Hutchinson began
selling. The bears turned in and sold and a
cnar f0111 IL.
down 1l2c from the top point to 96s4c and
May dropped to 81. 03s4. There was a rally
TO 971Ac December, and S1.O4ssc May, and
the market became more settled, about lsc
under the closing prices of last week. New
York cleared $4,000 bu wheat and reported
80 loads red wheat taken for Portugal. Ca
bles were not factor In the market at any
time. There was some recovery in wheat
the last half hour and at the close December
was s4c lower and May but l9c off from Sat
urday. The bulls appear to be very eau
tious, but predict big things with little out
side help. December rallied to 975sc and
May to S1.0412c at the close. November sold
at 96$sc and off to CSC, closing at 9oEc
Vessel room was taken for 5000 blu. Tho
corn market was not disturbed to the same
extent as wheat by the financial disquietude
in New York and London. The amount of
business done was up TO the usual standard,
and would probably have been heavier but
for the uncertainties of the government re-
port. The demand from shippers for the
cash article continued good. Closing quota
tons were lac lower.
The oats market was quiet, showing only O
moderate amount of business. The close
was 1ac lower. Provisions were strong, with
the orders all apparently on the buying side
Of the market. A gain of 17l2c over Satur-
days final figures in pork was established,
and 2l2c in lard.
The leading futures ranged as follows: