St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1891-11-06
WHEATD0WN ATRIFLE
Spasmodie Trading, With Fair
Volume OF Business at
Chicago.
8 Sharp Demand for Cash
Corn by Shippers and
Prices Up.
Oats Also Gain Fpactionally,
But Hog Products Are
Lower.
Bear Pressure Increases
Trades But Lowers Prices
in Wall Street.

CHICAGO, Nov. Son the wheat market to-
day there was a fair business transacted and
stronger feeling existed. Trading was
rather spasmOdic, but OH the whole the vol
ume of business compared favorably with the
past few days. The early decline or reaction
from the opening figures was attributed TO
cloudy weather here and every indication of
rain, but adyices from tie winter wheat pre-
duclnS country were not indicative of wet
weather, reports saving that west of Indiana
the weather was cool and dry, with northerly
winds However low barometer was re-
ported at Toledo, with general showers or
expected rains on the Allegheny slope. The
Cincinnati Price Current said the wheat crop
condition was not improved.
The dry weather was probably the princi-
pal factor in the market. and to this, as well
rs strong cables and other rumors concern
ing the prohibition of wheat exports from
Russia and the reduction of duty in Germany
had some effect on the market in general
Liverpool was quoted at i2Gl1d higher and
London Sd higher. Berlin was 2Ssc per
bushel higher and Paris $50 i5sc per bushel
higher Berlin cable said there were pros
poets OF the import duty on wheat being
reduced, and Il London cable said special
treaty between the United States and Ger
many likely TO result in entire removal of
the duty The present duty on wheat into
OSilildilA IL dDOul DuSUe1. NEW 1OTk
reported thirty-two loads taken for export.
The export clearances from four ports yes
terday aggregate 4llOO0 bushels wheat and
-four Freight room for lSS, Go bushels taken
here. Arrivals in the Northwest were lib
eral. Receipts at Duluth, 65+ cars, and Min
neapolis, 410 cars; total, 1,124 cars, against
l.O0I cars yesterday and $50 year ago. Local
receipts were TO- cars. of which 10 cars were
OF contract grade. Withdrawals from store.
39,59S bu. Receipts at all points aggregated
l..5D
were $50 Sl3 bu. The export clearances from
four ports were 81 100 bblS of flour and 269
ll9 bu of wheat. The opening was about the
same as YESTERDAYS closing to q shade over
but quickly eased off Ss0I2c. then became
stronger and with some fluctuations adj
vanced s40lc, but declined 5S6s4c. and
closed lsGClic lower for December and uu-
changed for May, as compared with yester-
day.
The demand for cash corn from shippers
was sharp. November oDenedse see. sold to
53ssc OF 10 5234c and then back to 5314c
Year sold from 1913 to 4j4e May was more
active than any other future and stronger,
selling from 43 to 44c, and at u O'Clock was
about 4fc. The market was generally strong
during the last hour Ream was a large
puyer OF May 10 cover short sales, and the
prices advanced to 44lsc. November held
Hrm around 53Gl93l4c, while year sold to
46Ec. Near the close the speculative futures
eased off some. Cash corn made sharp
advance, shippers competing briskly, and
No. sold to soc.
Oats higher The shipping demand at the
seaboard was reported active and shorts
here were nervous at the start and prices
advanced some, though most of the gain was
soon lost on vigorous selliug. Novem-
Der started at 32c, but sold off to
3IS4c December sold from 32Bc down
10 31l9c, while May went from 33c
333ic, but fell to 331sc. Bartlett Frazier, Pat
ton Bros. and Counselman were liberal buy
ers of oats, and prices held very steady dur
hn los ISrr
and higher early. though much of the gain
was lost. The receipts of hogs were 10000
less than expected and prices 5y10c higher.
This started the market strong and higher
prices, but packers sold freely. and decline
set in. January pork sold from Sll 40 to
Sl1.52l2, but broke 10 Sll 37I2; January sold
from $40 TO Si42I2. but went off to Sj.35.
January ribs sold at SJ.97 off to S5.S5; The
weakness continued during the last hour on
heavy selling by packers, led by Cudahy. Jan
uary pork sold off TO Sll. 29l2 January lard
10 $3.50, aud January ribs to SjS5.
The leading futures ranged as follows: