St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1891-11-16
TRADERS we're TIMID
Fridays Break by the Secre-
tary at Chicago Was Dis
aStrOuS.
Board Of Trade Hen Were
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 today, and still showed the
effects of Yesterdays excitement over Secre
tary Stones unfortunate error in reporting
Russia's cereal weld The fact that mum
Der of traders were considerable losers nyel
yesterdays sudden unjustifaDle decline and
subsequent advance tended to a general feel
ing of timidlty and instability. Nearly every
influence. domestic as well as foreign, tended
to a decline, and all efforts Of large holders
to keep up prices were effective only to q
limited extent. Lower clables, only moderate
export clearings. liberal receipts i'll the
Northwest and milder and snowy weather i'll
the wheat belt, all contributed to the decline.
A cable, purpOrting to come fron Paris, said
that from reliable sources it 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 99, 1G0 packages larger of -four and 81
500 bushels larger of wheat than during the
preceding week. From both coasts there was
6 decrease of about eco, 600 bushels in the eX-
part. Bradstreets reported that since sept.
there had been an increase in the available
supply on both coasts of 39C6S, 600 bushels,
ngainst 20, S420 900 bushels for a like period
last year. The exports for ten weeks were
$4,000 0C0 bushels, against Geo the same
period year ago. The export clearances
from four ports yesterday aggregated 5ll,COl
bushels in wheat and flour. New York re-
ported u loads taken for export.
! The market the last hour of the session
Pulled stronger, Influenced by the higher clos
Elg continental markets. Domestic market
T!Oscd lower Arrivals il the Northwest were
larger. Receipts at Duluth were rs cars and
Minneapolis 535 carS-a total of lib cars,
against 964 cars yesterday, and $50 cars year
ago. Local receipts were AZ cars. Of which
113 cars were OF contract grade. Withdrawals
from store, 800, l02 blu. Receipts at all points
aggregated 1. 4S2, 239 bu and shipments from
same were ,517, SCI bu. The export clearances
from four ports were 1890 bbl of flour and
291, 800 bu of wheat. The opening was ls0 Ac
lower than yesterday closing figures and
with some slight fluctuations declined &c
more. then advanced 5Sc, ruled steady and
closed about SSc lower than yesterday.
The trading in the corn pit was not very
active, except at short intervals. The con-
tinued fine weather. leading to the eXpccta-
ton of heavier receipts, and talk of the rail
road 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 cansed some uneasincss among the
shorts, who found very little for sale when
they started 10 cover, causing fTmness and
higher prices toward the END of the session.
November opened with sellers at 5lAc. but
no transactions were effected until offered
down to Sic; it declined to Seize, reacted to
Elise, and closed at 5l34c. May corn opened
Mt 42l2@425sc, declined to 1880 and advanced
later to 43c, closing with trading at 42340
G27Sc.
Oats for future delivery ruled dull. The
cash market was firmer at slight advance
the demand was active. mostly for shipping
account. First prices were steady at I2c
for December and 3l7sc for May. The first
named future sold at 3, 3s@3 5sc, closing at
the top and the latter at 3l7S032I2c. closing
at 32lsc. These prices indicate l8c advance
since yesterday.
The demand for provisions was rather bet
ter at the opening to-day, Il good deal better
later in the day, and wound up strong at
considerable improvement over Yesterday
closing prices. Local heavy shorts were GOV
ering warily at the beginning, and the crowd
followed the example thus gwen to them
The receipts of hogs were rather under yes
terday's estimates. and the yards reports
were that they were in improved demand.
Buying December and selling January pork
was one of the features OF the days trading
December opened at $3.50, advanced to S.. so
and closed at 77l2. January started al
s1l15, sold as high as SLIGO and closed al
EIL57l2. Lard and ribs shared in the general
advance, and at the close of the market stood
at the lest fluctuatiou of the day, and at IOC
over yesterdays closing figures.
The leading futures ranged as follows: