St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1891-11-08
WHEAT is SEESAWINC
The Chicago Market Yester-
day Was Weak, Flabby
and Losing.
Rains in the Winter Wheat
Country Furnished Mate
rial for Bears.
Corn Alone Made a Slight Ad-
Vance--0ther Articles Are
Lower.
Small Gains Scored in Many
Stocks on Wall Street
Market.

CHICAGO, Nov. THE wheat market o-day
presented sharp contrast with the feeling
dominant at the close last night, aud was as
weak as it was strong then. The bearish in
f1uence was the reported rains in the winter
wheat country. The weather map showed
rainfalls in iowa, Michigan and in small
areas in Missouri, with indications of gem
eral wet weather. Apparently the precipita-
ton had not been heavier than was expert
enced at Chicago yesterday afternoon, which
was not enough to materially lessen the dust;
but 1t raised the hope-and hope is the twin
sister of belief-that now at last the two
months drouth was broken.
That indication received further confrma-
ton in a dispatch to Lamson Bros. received
about fifteen minutes after the opening, that
rain was at that moment falling heavily in
Central Missouri. The rain area on the signal
service map had not shown that the principal
drought affected section had received any
relief, but the dispatch here referred to ap
peared to knock that last frail prop from
under the tottering structure of the bulls
Higher cables and the immense purchases of
cereals made yesterday for export. even an
additional three marks rise i'll wheat and
rye. cabled from Berlin this morning, and
which was received here. while the break in
prices here was only at its commencement,
had not the slightest influence in arresting
the decline
December wheat ranged to day at 06Is0
97lRc. The opening was about l2G34c lower
than the closing figures of yesterday. and
with scarcely any fluctuations. declined lc
more, then there was rally of S4c, but again
sold off, ruled quiet, and the closing was
about 1lsQIl4c lower than Yesterday Ex-
port clearances from four ports Yesterday
were larger, the increase beng mainly in
flour, which was equal to 577,0O0 bu. and of
wheat 1895 bu, aggregating l.026.0O0 blu.
Exports from four ports for the week were
Slightly less of flour and 10000 bu more of
wheat.
From both coasts the exports were $4,000
bu larger of wheat and -four. Freight room
was engaged here for $4,000 hu. New York
reported 300 loads taken for export. Arrivals
in the Northwest were smaller. Receipts at
Duluth were $50 cars and Minpeap polls 407
cars. q total OF SS7 cars against 94S cars yes
teIday, and 761 cars year ago. Local re-
ceiDts were $50 cars, of which 196 cars were
of contract grade. Withdrawals from store
76, III bu. Receipts at all points aggregated
1859, 996 bu. and shipments from same were
]. 322,9l3 bu. The export clearances from
four ports were Us, 500 bbls of -four and 44S-
975 bu of wheat. In addition New Orleans
shipped 96, 900 bu.
Corn was quiet and easy largely due to the
weakness i'll the provision pit. November
ruled from 53laC off 10 53c. and Nav from
44lsc to 434c. But all reacted later when
wheat sold up, November going to 53l2c, year
to 46S4c. and May TO 44l2c During The last
hour corn became strong, and November solo
TO sac, year to 4TI2c. and May to 44sIc. The
lowest pr'ce in May to-day was 44l4c ana the
highest 447sc.
Uats were quiet and easy. November sold
from 1928 to 81 but recovered to 334c De-
cember was 31S403175c. May opened at 33Iac,
sold at 355sc, fell to 3314c, but reacted TO 33ssc
After the noon hour the market showed con
siderable frmness, and much of the early de-
cline was recovered.
Hog products were lower. owing to the I'M
expected large receipts Of hogs and a decline
OF 1e0D15c in price. January pork sold early
at 81 -, fell to Sl1.7, but reacted 10 81; 13I5
January lard sold at Sj.2712 early, off to
$500 but improved to SIS 22l2 January ribs
started at Sj.7l2, fell to s. 72l2. and i'm
proved to s. 70. During the last hour pork
kept steady. but easy; January sold at
81 .I2l20 lLl5l2; January lard at Sc. 22IeG
CPS ana January ribs at 81. 72l20l75
The leading futures ranged as follows: