St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1891-11-10
WHEAT GAINSATRIFLE
The Fluctuations on Change
Surprised Even the Old
est Traders.
Rains Had Little Effect, and
Shorts Were Anxiously
Covering.
Corn and Oats About Steady.
Hog Products Gaining in
Price.
New York Stocks Active but
Weak From Opening to
Close.

CHICAGO, Nov. 9-The fluctuations in the
wheat market was surprise to the oldest
traders to-day. For forty weight hours there
have been copious rains throughout almost
the entire wheat belt, and all reports agree
that The benefits TO the seeded crop is almost
lnestimable. Sunday mornings reports were
that millions upon millions of acres of sown
wheat in the great agricultural regions were
either shriveling up on the surface or drying
up in the ground without sprouting SO dry
and parched was the earth's surface The
copious rains nave redeemed the seeded crop
in great area, at least for the time beng
but the drop in wheat on that account did
not materialize on the board. 1t is true a
slight decline ruled at the opening but the
indications of cold wave in the West and
Northwest. and the reports of strong cables,
quickly dissipated the feeling of weakness
and the market quickly rallied and was fol-
lowed by continual advance, Interrupted
only by occasional fluctuations
shorts were anxious to cover and prices
were covered to the highest point. The ad-
vance then brought out rather large offerings
ana an easier feeling finally set in. The Wis
lole Supply showed a larger increase than
had been generally expected and this started
more general selling. The local crowd. no
doubt, got long on the early buying and
the decline brought out wheat from this
sOhACC prices DaCk again 10 al
most the lowest point of the day. The in
crease in the visible supply was 2.7l00D bu,
making the aggregate supply IS, 94I, 900 bu.
A year ago there was all increase of 1.4C3, 09p,
ana me aggregate supply then was -, 699co0
bu. The export clearances from four ports
were fair and aggregated 474.009 bu wheat
ana Hour. New York reported fifty-four
loads taken for exports New Orleans
shipped 5000 bu.
Arrivals in the Northwest were liberal.
q nor md lin
neapolls 6S9 cars. total of ..294 cars against
SS7 cars Saturday and Glib cars year ago.
Local receipts were $50 cars, of which 139
cars were OF contract grade. Withdrawals
from store, l5l,9l bu. Receipts at all points
aggregate 1,690, 900 blu, and shipments from
same were 1,34S745 blu. The export clear
ances from four potts were 5000 bbls of
flour and 3)7, 30l bu of wheat. The opening
was about AGs4c lower than Saturdays clos
ing aud ruled easy. then became stronger.
anu, with slight fluctuations. advanced lao
1l2c, eased off, prices declining l4c then
huctuated, and the closing was about lac
higher than Saturday.
Corn was generally active stronger and
higher, the demand being sharp. both from
shippers and from shorts. Quotations: No
vember opened at sic. sold at SOC and closed
at DISC. Year from 474c and 47l2c simulta-
neously at the opening advanced 10 4Sl2c
and closed at 47s4c. May from 44s4c sold up
to 46l3c and closed at 454c.
Oals strong and higher in sympathy with
wheat and corn. November sold from &c TO
32l2c: December from 3lS4c to 32Isc: and
May from 33l4c to 33ssc. The market finally
developed weakness in sympathy with wheat
and corn, selling of some, but reacting be-
fore the close
Hog products started lower on the big re-
celptS OF live hogs at the yards-4S, 600 head
but started up later in sympathy with wheat
and corn. January pork opened at Sl1.05,
sold 10 Sl1.2Zl2. and at l. O'Clock was about
Sll.20. January lard scld at S620@6. - and
January ribs at s.. 72l26l-5. so. During the
last hour weakness ruled TO some extent and
January pork fell from Sl1 .22Ie811.25 to
S1l.17l2. January lard, after selling at
S6.27l2 touched 6.22l26G % Fand January
ribs went off from S5.71i2115 80 split TO s.. 75
Ge5.Hl2. All products reacted some before
the close. a1ir
The leading futures ranged as follows: