St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1891-11-09
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-
Vanee--0ther Articles Are
Lower.
Small Gains Scored in Many
Stocks ON Wall Street
Market.

CHICAGO, Nov. THE wheat market today
presented a sharp contrast with the feeling
dominant at the close last night, and was as
weak as it was strong then. The bearish in
fluence 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 gen
eral wet weather Apparently the preclplta-
ton had not been heavier than was expert
enced at Chicago yesterday afternoon, which
was not enough to materially lessen the dust;
but it raised the hope-and hope is the twin
sister of belief-tnat now at last the two
months drouth was broken.
That indication received further conirna-
ton in 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 fraiI 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 argesting
the decline.
December wheat ranged to-day at 96lS0
97l2c. The opening was about 12034c lower
than the closing figures OF yesterday, and
with scarcely any fluctuations. declined 1c
more, then there was Il rally of S4c. but again
sold off, ruled quiet, and the closing was
about 1lsQl4c lower than yesterday. Elk
port cleamnces from four ports yesterday
were larger, the increase being mainly in
-four, which was equal TO 1900 bu. and of
wheat 44S,925 bu, aggregating 1,026.00j blu.
Exports from four ports for the week were
slightly less Of -four and 902, 900 bu more of
wheat
From both coasts the exports were $4,000
bu larger of wheat and flour. Freight room
was engaged here for 10000 hu. New York
reported 300 loads taken for export. Arrivals
IN the Northwest were smaller. Receipts at
Duluth were $50 cars, and Minneapolis 407
cars, total of SS7 cars, against giS ears yes
terday, and 76l cars year ago. Local re-
ceIpts were $50 cars, of which 126 cars were
of contract grade. Withdrawals from store
16,117 bu. Receipts at all points aggregated
1,259, 996 bu. and shipments from same were
1.322.9l3 bu. The export clearances from
four ports were 12S, 300 bbls of flour, and AS,
975 bu of wheat. In addition, New Orleans
shipped $4,000 blu.
Corn was quiet and easy. largely due to the
weakness in the provision pit. November
ruled from 53l2C off to 53c. and May from
441Sc to 4314c. But all reacted later when
wheat sold up. November going to 53Isc year
to 4634c. and May to 44l2c During the last
hour corn became strong. and November SOLD
TO 54c, year to flee. and May to 44S4c The
lowest Dnce i'll May to-day was 44l4c and the
highest 4475c
Oats were quiet and easy. November sold
from 32Ss to %, but recovered to 3314c De-
cember was 31S40317sc. May opened at 33lac
sold at 335sc, fell to 3514c 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
of 10@15c in price. January pork sold early
at 81 -, fell to Sl170 out reacted 10 81. 17I5
January lard sold at S6.27I2 early. off to
$500 but improved TO $6.22l2 January ribs
proved to s. 75 During the last hour pork
kept steady. but easy; January sold at
81. 12l20 l1.17l2; January lard at S6.22IZ@
6.25. and January ribs at s.. 72I2G15.75.
The leading futures ranged as follows: