St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1891-11-21
THAT RUSSIAN UKASE
Threatened Prohibition Of Ex-
port by the Gar Has Its
Effect at Chicago.
An Unsettled Feeling Mani
tested in Trading During RI
the Whole Day. ap1
All Futures Rose a Tpifie on
the Days Business Despite %
the Nervousness. -
Decided Activity and Bullish
Sentiment Prevailed on q
81
Wall Street. So


CHICAGO. Nov. 20.-The threatened Russian
ukaSe was again the controlling factor in the
wheat market. Indeed, so persistent and so
regular have become the Tumors that the
ears order prohibiting expectation from
Russia has been issued, and so regularly have
these rumors been proven false. that traders
are anXiously looking forward TO the day
when the ruler of the Russias will have made
his intentions known and the American mar
kets no longer waver in anticipation of his
imperial mandate. Another Russian ukase
story was out larry today, and it was to this
that the unsettled feeling which existed all
day was attributed. Advices from New York
were received early this morning. saying
prohibition of wheat decreed by Russia"
This caused shorts to cover and created
the higher opening.
Liverpool coming in higher, after the de-
cline of yesterday. made operators believe
that there was perhaps some truih in the ru-
NOR, and there was considerable covering
by shorts and some buying for a further
advance. But there were liberal offerings,
good deal of the wheat bought al the de-
cline of Yesterday coming on the market at
the advanced prices to-day and this caused d
reaction. But the market was again strength
ened by further rumors regarding the prohi-
bltiOn of wheat and this time prices were
carried to the highest point, bat again de-
clined on report claiming that the minister
at st. Petersburg refused TO sign the ukase;
ana still a later report was received that there
was nothing III the early rumors, and that
they were false.
The export clearances continue moderate
and aggregate $4,000 bu wheat and flour
from four ports. New York reported 81 loads
taken for export. Freight room was engaged
here to-day tor l. ~ Du wheat Arrivals in
the Northwest were liberal. Receipts at Du-
luth were 554 cars and Minneapolis AS cars
a toto iaf ,
day ana 42S cars q years ago. Local receipts
were 80 cars. of " icn ii3 ears were of con-
tract grade. Withdrawals from store. Ia. ~
bu- Receipts nj al points aggregate 1864
bu. and shipments from same were I.I0i. lS5
bu. The export clearances from four points
were $4,000 bblS OF flour and 251. 40 bu of
wheat. The opening was Is0Ic higher than
the closing of yesterday. but declined about
FAC from outside opening figures, became
stronger and advanced 7sc. again eased Off,
declined 1c, advancing I2c, closed 5s11s4c
higher than yesterday
There was great sensation in the corn
pit, due TO the extreme anxiety of thOse who
were short for the present month, aud the
rul1OrS OF a corner. November opened at an
advance of lI2c, and III the course OF the day
made further addition of 5l2c to its value.
December and year corn were affected by
the scare in November, and advanced in the
course of the day lac over yesterdays cl1s-
ing quotation, retaining a full cent of the
advance at The close. May felt the Novem
~
one time, and left off with gain of I4c The
cash market was in a rather disjointed con-
dition on account OF the abOve-named sensa-
uonal jun p i'll seller the month. but prices we're
favOrably affected, NO.2 selling as high as sc.
The oats shorts took fright at the bulge in
November corn, and forced the November
future up II &c in their efforts to cover. The
May future failed TO keep pace with the adj
vance, and the nearby delivery sold at one
time at l2e above it. The market opened
1sflSsc higher. The former advanced to a
3 lsc. Shortly before the close, May turned
down to 3314c. It recovered afIerward and
closed at 33l2c, the highest point of the seS-
sion May closed at SIC sellers. q.
The Imagination of some OF the traders in
the provision pit appeared from the reported
receipts of hogs this morning TO have
been drawn upon considerably yester-
day. when predicting what might be ex-
pected i'll The way of car loads of hogs at the
yards this morning. The receipts were by
no means small, bat were considerably under
the previous estimates. and the demand for
them being reported good caused provisions
to start tirmer and at some advance upon
closing quotations. of the day before. De-
cember pork opened at S. As, sold as high as
S.. so, and wound up at the same price as il
opened at. January from SLID sold up to
1i.32l2 and closed Mt Sll.30, being gain for
the day of 15c. Lard was not affected by Gd-
vices from Liverpool of Sd decline there 1t
followed the upward course of pork and RIBS
closing with gaiu of 1jc. Ribs are higher
at the close to-day by sc on May and 7I2c
each on December and January
The leading futures ranged as follows: