St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1891-11-12
DOMESTIC INFLUENCE

CHICAGO, Nov. 1.-THE wheat market to-
day was characterized by two Numerically
opposing influences which were at work
from the opening to the close. and one of
which was responsible for every huctuatiOn.
The bull influence was the cold and snowy
weather in the Northwest. and the bear in
huence was lower cables and generally de-
pressing reports from European markets.
Each of these predOminating influences con-
tTolled the market IN turn. but the cool
breezes that whistled through the exchange
as the huge door opened and shut were
nearer home, aud in the end domestic in
fluences naturally prevailed and advance
ruled. general freeze just a this time would
be destructive to the sprouting crop in the
winter wheat belt, and government weather
reports indicated that this freeze might come.
Receipts continue quite large. and stocks
are increaaing both in this country and
abroad. Bradstreets reported an increase
III the visible supply of 3,SS},0)O bushels on
both coasts, and Oh this the market sold Off
a fraction. The export clearances were
smaller, aggregating from four ports 267 coo
| bushels wheat and -four New York re-
| ported forty boat loads taken for export A
! local exporter reported the sale OF a cargo
! of wheat to London at I'D advance.
| Freight room was taken here for 10000
| bushels of wheat. Arrivals in the North
| oh cars and Minne.s polls 411 cars-a total of
/ l.OS9 cars against i,uf9 cars yesterday and 543
| cars year ago. Local receipts were 10 cars,
| of which I24 cars were of correct grade.
Withdrawals from store. 1851 bush
! els. Receipts from all points sg-
| gregated 1,72l,055 bushels, and ship
mems from same were l144,lSJ bushels.
| The export cle6rances from four ports were
| $500 bbls Of -four. and 6049 bu of wheat
I The opening was unsettled and prices sSbn
| advanced s40lc, then eased off some bat
| held quite 1iImly, and closed about S.@7sc
! higher than yesterday.
The opening price for November corn was
! from 554c TO 53lac, the lower quotation be-
| ing universally bid and little sold under the
higher of those two points: There was H
| quick decline to 53Isc a little later after
| which The price inclined to advance, al
! though having several sharp reactions TO
near the opening figures; near the close it
| weakened again and closed at 53Ae, after
selling at 54Gc. Year opened at 46I4c, sold
as high as 1859 for moment, and closed at
| 464c May. from iSsc and 43I2c bid at the
opening, advanced 10 497sc, and closed at
| 4312c.
Prices in the oats market were confined
within a range OF 14G2sc. The market
opened lsc lower at 3l7sc for November aud
52s4c for May. November sold at 3l7s@32c,
| and then declined 10 3lSsc. closing Ssc lower
al that price bid. Nay advanced to 33c. re-
acted 10 32s4c and was offered at 32S4c on the
| close.
December pork opened at SS35 and. after
| selling a SS.32l2c, it advanced TO SS.45 and
| closed at S. 2l2, or 2l2c improvement on its
| value at the CORES bonding time yesterday
| At the same time that December pork was
selling at SS.35 sale of Old pork for March
was recorded al $3.50: January pork made a
| gain for the day of SC and may advanced
| 7Isc since yesterday. Lard was extremely
dull and fluctuations were within a Ianee of
2I3c. Closing piices were the best of the
| day ana 2L2c in advance OF latest quotations
! of the day before. Ribs are about 2Iac
higher than at the close yesterday.
The leading futures rangel as follows: