St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1891-11-15
TRADERS were TIMID
Fridays Break by the Secre-
tary at Chicago Was Dis
aStPOuS.
Board Of Trade Men We're
Nervous and the Market
Unstable.
Wheat a Trifle lower, While
Other Markets Improve a
Few Points.
a Quiet but Strong Tone Pre-
vailed in Wall Street
Stocks.

CHICAGO. Nov. 1.-THE wheat market was
quite nervous to-day, and still showed the
effects of yesterdays excitement over Secre-
lary Stones unfortunate error in reporting
Russias cereal Weld I he fact that num-
Der OF traders were considerable losers over
yesterdays sudden unjustitiaDle decline and
subsequent advance tended to a general feel
ng Of timdlty and instability. Nearly every
influence, domestic as well as foreign, tended
20 decline, and all efforts OF large holders
20 keep up prices were effective Only to a
limited extent. Lower claOles only moderate
export clearIngs liberal receipts i'll the
Northwest and milder and snowy weather in
Ibe wheat belt all cOntri uted to the decline
a cable, purpOrting to come from Pals. said
That from reliable sources ii Was claimed
Russia would not prohibit the expectation Of
wheat This also had some effect upon the
market.
The export clearances from four ports
were $500 packages larger of -four and u, =
800 bushels larger of wheat than during the
preceding week. From both coasts there was
decrease Of about 100000 bushes i'll the ex-
part. Bradstreet's reported that since sept
/ there had been an increase in the available
supply on rolh coasts of 50. $500 bushels
against 20, $4,000 bushels for like period
last year. The exports for ten weeks were
44,000,000 bushels, against 40 COCO the same
period a year ago. The export clearances
from four ports yesterday aggregated 5Il,L0'
bushels in wheat and flour. New York re
ported u loads taken for ex port
The market the last hour of the session
ruled stronger, influenced by the higher clos
ing continental markets. Domestic market
closed lower. Arrivals in the Northwest were
larger Receipts AT Duluth were as ears. and
Minneapolis 535 carS-a total of l,3l3 cars
ln % Epl
ago. Local receipts were Az cars. of which
143 cars were OF contract grade. Withdrawals
from store, 3U6. l02 bu. Receipts at all points
aggregated 1852 239 bu. and shipments from
same were l.5l7.S91 bu. The ex port clearances
from four ports were 1890 Dbl of flour and
91.969 bu Of wheat The opening was ls0 I4c
lower than yesterdays closing figures and
with some slight fluctuations declined 7sc
more. then advanced 5sc, ruled steady and
closed about ssc lower than yes erday.
The trading in the corn pit was not very
active, except at short intervals. The con
tinued nne weather. leading to the expecta-
t1On of heavier receipts, and talk of the rail
read yards being blocked with loaded cars
caused weakness at the opening and for
about two hours thereafter but later the
good demand for cash corn in store and to go
TO store caused some uneaSiEesS among the
shorts, who found very little for sale when
they started 10 cover, causing fImness and
higher prices toward the end of the session.
November opened with sellers at 5lHc. but
no lTauShcllOnS were eHected unul offered
down 10 Sic; il declined to 5Cl2c reacted to
5l7sc. and closed al 51S4c May corn opened
pit 4=l204.5sc. declined to 1880. and advanced
later TO 43c. closing with trading at 4@s40
427sc.
Oats for future delivery ruled dull The
rash market was firmer at a slight advance:
The demand was active, mostly for shipping
account. First prices were steady at l2c
Tor December and Use for May. The first
named future sold at 3 Ss03 5sc closing at
The top, and the latter at 81 1903 l2c. closing
at 2Isc. These prices indicate lsc advance
since yesterday.
The demand for provisions was rather bet
Ter at the opening to-day, good deal better
later in the day, and wound up strong at a
considerable Improvement over Yesterdays
closing prices. Local heavy shorts were COW
arlng warily at the beginning, and the crowd
followed the example thus gwen to tnem
The receipts OF hogs were rath under YES
ierdays estimates. and The yards reports
we're that they were in improved demand
Buying December and selling January pork
was one of The features OF the days trading
December opened at S. 80, advanced to s.. So
and closed at SS.U12. January started at
sll.15, sold as hi b as SLIGO and closed at
blL5II2. Lard and ribs shared in the general
advance, and at the close of the market stood
at the lest fiuctuatiou of the day, and at Ice
over Yesterdays closing hgures.
The leading futures ranged as follows: