St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1891-11-13
WHEAT DROPS AGAIN.
Chicag o Trading Opened High
and Strong, but Closed at
a Loss,
Caused by Nervous Dealers
Attempting to Unload on
pa the Rise.
All Cereals Suffer More or
Less, but Hog Products
Advance.
insignificant Changes in Quo
tations on Wall Street

CHICAGO, Nov. 12.-The wheat market
opened strong to-day, but soon became quiet
unsettled d nervous. Early in the day re-
ports of cold weather in the wheat belt
stronger cables and good E astern buying,
combined with the expected Russian ukase
all tended to give the market an impetus and
there was gradual rise until a material adj
vance was materialzed. This material ad-
vance. however, had the unfortunate effect
of causing score OF nervous traders TO at
tempt to unload while the market was mo-
mentarily at the tide AID free selling quickly
brought a decline, which more than swept
away the advance of the earlier hours. The
Michigan crop report notes an increased
acreage sown 10 wheatand reports condition
at9i. against los last year.
The Cincinnati Price Current says The
wheat crop was improved by recent rains.
The export clearances from four ports ag-
gregated 353, 900 bu wheat and flour. and, in
addition, New Orleans shipped $4,000 bu.
Freight room was engaged here for 10000 bu
OF wheat Arrivals in the Northwest were
smaller. Receipts at Duluth were So cars,
and Minneapolis 326 cars, total of S5S cars
against 1,0s9 cars yesterday, and COZ cars
year ago. Local receipts were 452 cars OF
which " cars were of contract grade. With
drawals from store, 1S5,053 bu. Receipts at
al pOlAlto 1.OO9. $50 Dii. anu slid
ments from same were 953, S26 bu. The ex-
port clearances from four ports were Is 900
bbls of flour and 226. $50 bu of wheat. Early
IN the day the strong market advanced
prices l20Ssc, but later became weak and
prices declined 1c. then rallied some, but
again declined and the closing was 5sQS4c
lower than yesterday
November corn opened at from - to 5}Ac
and one sale at least as high as 5aI2c; it de
clined to SIC, closing at 52Ac. Year opened
with free sellers at 464c, and only few
transactions at over 46c, it subsequently,
worked down to 447sc and closed at 45c bid
May started at from 43ss to 434c, declined to
429Sc, and closed at 4Z7S 11t3c.
December oats opened at 3lIsc, sold to
3OlsWD4c, to ) Use, and closed at 31l2c
Trading in May began at 325sc. The market
advanced TO 3-l2c and then declined to 317sc.
This was followed bya recovery to 32Ic and
this by drop to 32c, that being the last
price made. The cash market was weak and
about cent lower. Receipts were 362 cars
aad shipments 2lI472 bushels. 135,S1 bush
els OF this quality being loaded from unli-
censed elevators.
Heavy receipts of hogs did not affect their
values beyond Yesterdays decline, said the
stock yards messages received on change
but there was an easier feeling in provisions
at The start. There were few orders 10 buy
at the slight decline which occurred at the
opening. and the market turned around in
favor of the balls. and closed with gains for
the day of from sc to 7l2c in pork, 2I2c in
lard, and from @l2c to &c in ribs
The leading futures ranger as follows: