St. Paul daily globe., 1891-10-02
Prices in the Chicago Pit
Ranged Up and Down in
Close Limits.
The Marketing Of Wheat Is
Falling Off Greatly in the
Northwest.
Fractional Rises Are Noted in
the Leading Cereal and
Corn.
The Bears We're in Control on
Wall Street and Sent
Prices. Down.

CHICAGO, Oct. 1.-Wheat was dull to-day.
and fluctuations in prices were confined to
an unusually narrow range. The news was
not exciting, and was both bullish and bear
ish equally. The prices resulting from this
state of affairs ranged both above and below
the closing figures of yesterday, and the
close was slightly higher. Cables were gen
orally weak, and New York dispatches re-
ported more reselling by foreigners. while
the clearances from the seaboard, though
larger than yesterday were still small, indi-
eating that foreigners were not doing much
in that line But the "hold-your wheat
policy was quite freely discussed, and
the smaller receipts in the Northwest
seemed to indicate that it might be having
some effect. This was partially corroborated
by the Cincinnati Price Current, which re-
ported interior marketing falling off, the dis
position being to hold for higher prices
Liberal rains were reported i'll the North
west, which, it was said would delay thresh-
ing and cause diminished receipts, though
tn ey must be of much benefit in aiding the
fall plowing. The Price Current reported
continued dry weather in the Southwest,
which was retarding the seeding Of fall
wheat. The volume of business was light
the trade nervous and seemingly inclined to
give the bull news preference. Partridge
bought good deal of wheat. and Schwartz
Dupee were also good buyers. Ream,
sellers. Early in the day Ream offered $40,
coo bushels or any partt of 1t, at 91c.
December opened at 9fc, touched 96SSc,
sold up gradually to 97l2c, and then became
easy within a narrow range, and at noon
stood at 07sSc. against 97l4c at the close yes
terday. Afternoon the market was dull, out
side orders were few, and local professionals
were not inclined to do much. December
eased off to 91l4c, but it took on some
strength near the end and closed steady at
a7l2c.
Henry Clews sent the following from New
York to Counselman d. Day; Private ad-
vices indicate trmness i'll Pa ris, and that the
bottom prices for wheat have been reached
Stocks of wheat in the United Kingdom in
creased 100000 bushels during September.
Late cables quoted Berlin three marks
higher, Antwerp and Paris lower.
Corn, though II occasionally showed signs
of weakness, was generally strong, and
closed with an advance OF lc over yesterdays
final figures for October, but the more de
ferred futures made less marked gains. The
fact that no deliveries were made on october
contracts, indicating that the deal in that
month has been settled, together with the
very light receipts, were the bull features.
October opened at SIC, an advance of 4c
over night and further advanced TO 525sC,
but at the ADVANCE the selling was quite free,
and, with only moderate demand, the mar
ket broke, and finally fell to 5i34c Then
came the estimates for to-morroW-only 130
cars-and wheat showing strength, there was
reaction to 525ac. A slight reaction fol-
lowed, but though the market was dull, it
was stubborn, and after going to 52I2c it re-
acted and closed at 52S4c, the top figures of
the day. COunSelman d Day, Logan Il Bald
win and Farnum were free sellers on all the
hard spots, while Bacon, Bartlett-Frasier and
shippers were good buyers the most of the
day: Oats were firm, in sympathy with corn.
The market for hog products was Irregular.
The rather free deliveries early in the day
tended to weaken prices, but the offerings
were readily absorbed and, after the early
selling pressure was removed. there was a
recovery. Snort ribs showed more firmness
than anything else on the list This seemed
to be due largely to the impression that the
return of stocks would show marked re-
duction during the month. Shorts covered
freely. The close shows pork unchanged to
10c higher; lard, 2I2@5c higher, and ribs
2l2@7l2c up, the latter for October
The leading futures ranged as follows: