St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1891-10-28
A Little Early Strength in the
Chicago Pit Vanishes Ere
the Close.
News Was Beapish, and Trad
ers in Wheat Were Not
Buoyant.
Corn Strong and Up a Bit
Oats Steady and Proyis-
ions Lower.
Dizziness and a Weak Tone
Marks the Trading on
Wall Street.

CHICAGO, Oct 27-The wheat market was
rather stronger early, but the closing was
tame and much weaker. The news was again
bearish and the feeling in the wheat crowd
was consequently not at all buoyant, early
trading this morning being mostly confined
to local scalpers. To begin with, an increase
Of wheat and -four OH ocean passage during
the last week equal to 2, 100000 bu of wheat
went far to confirm the reported export Of
10, 300, 900 blu of wheat from all countries TO
Europe last week. Then there were big
wheat receipts once more at leading points
Chicago getting 72S cars, Duluth, 666 cars
ana Minneapolis $40 cars. Liverpool cables
reported steady market for spot wheat, but
futures for red American wheat were led
lower. December wheat sold during the first
hour from 0Iasc down to 944c. Later it rose
to 9ilac. Reliable English cable dispatches
brought the int diligence that Russia was Of
ferng wheat freely and the big increase on
ocean passage would indicate this.
News of this kind was unpleasant to the
crowd, who appea red to be long CT wheat
but some strength followed the announce
ment that cargo of No. spring " heat had
been worked here for export. In order to fill
that cargo buyer entered the wheat pit,
where he had TO pay December prices. This
and renewed talk OF dry weather in winter
wheat states helped to put December wheat
same as the closing figures of yesterday, and
the market eased off about ls04c, then be-
came stronger and prices were advanced
about lie, ruled easier, prices declining 4@
1880. closing Ice lower than yesterday. Local
receipts were 72S cars, of which DOB cars
were of contract graQe. Withdrawals from
store, 50. 123 bushels. Receipts at all points
aggregated 1,S5f,S25 bushels and shipments
from same were 964 100 bushels. The eX-
port ciearances from four ports were $500
barrels of -four and 1868 234 bushels of wheat
Corn strong and higher. The shorts for
I he only new crop futures are manifesting q
good deal of uneasiness, which has been III
creased by the fact that there seems 10 be a
corner in october corn in New York. which
has advanced there from GSl2c last night 10
re this morning. During the last hour Oc-
tober corn sold to Sc and at II o'clock was
5is4c; November corn at II o'clock was 527sc.
May sold 10 43c, sparingly, but eased off 10
42s4c, while year touched 46lsc, but weak
ened TO 45Isc.
Oats were quiet and steady. notwithstand-
ing the advance in corn and wheat. The big
receipts-5I2 cars--and the falling off of ex-
port demand were weakening features. No.
vember has sold at 29120259sc and May at
31SSD3 1i2.
The market continued quiet during the
last hour, though November touched 294c.
Nav ruled unchanged. ~
Hog products were lower, owing to big re-
ceipts of live hogs-35. 90 head--and the de-
cline of l0015c in prices. January pork sold
from $11.57i2@l1 .01l2 and back to SI1 1913,
January LAID sold from $3.50 to S6.2eI2 and
January ribs from $3.50 to S5.75 Pork re-
acted some later on the strength in corn and
wheat and good buying by Logan and Bald
win q Farnum. January sold from S1I OLE
to Su.15, and at l O'Clock was S1i.10 bid.
January lard sold back to Sj.25 and January
ribs to S5.T7I2.
The leading futures ranged as follows: