St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1891-11-19
WHEAT HELDITS OWN.
Uncertainty as to Russia'S
Action Caused a Merry
Gus Feeling.
Anxious Shorts Found Plenty
OF Wheat to Meet Their
Demands.
Corn and Oats Irregular, and
Hog Products Lost a
Few Cents.
Activity and Strength We're
Prevalent in Wall Street
Trading.

CHICAGO, Nov. 1S.-The W heat market did
not show that material advance today that
many traders anticipated and that the wealth
er reports seem TO justify. That it did not is
due more, perhaps to the nervous feeling of
uncertainty that generally prevails as to the
probable action of Russia than 10 the pros
pective heavy receipts. The bad condition
of the telegraph wires during the early past OF
the day made 1t impossible to obtain fuller
accurate news from the outside world, ana
as a consequence the market was very inact-
i've for awhile. When it did become active
influences were very conflicting. Brad
streets report of the STOCK of wheat was
rather bullish showing an increase of only
10000 bu east of the Rockies and de-
crease of 337 900 bu west of the Rocky noun
tainS-or net increase of only about 707, 600
bu. 1t was rumored that Germany would re-
duce the duty on grain one-half.
While there was more or less uncertainty
as TO the Russian edict having become law,
yet operators seemed TO place some reliance
in the report today, and shorts" were rather
anxious to cover, but they found plenty of
wheat on sale. The export clearances from
four ports aggregated sos, 900 bu in wheat and
flour New York reported - boat loads taken
for export today. Freight engagements here
today 10000 bu. Arrivals in the Northwest
were fair. Receipts at Duluth were 397 cars
and Minneapolis 316 cars, total OF TI3 cars
against 763 cars Yesterday and 425 cars year
ago. Local receipts were 429 cars. OF which
II cars were of contract grade Withdrawals
from store 11S,127 Blu. Receipts at all points
aggregated ,3S2, 429 bu, and shipments from
the same were 1,l930 39 bu.
The export clearances from four ports were
10000 barrels of flour and 32S sci bushels of
wheat. But about 1850 o'clock the market
became more active on the rumor that the
ukase in Russia prohibiting the export of
wheat had been signed, and then as quickly
declined again on its denial, The opening
was about the same as yesterday, ruled easy
and declined 3sG5sc, then rallied SSM42c,
ruled steady for awhile. and then advanced
7sc. declined s40l7sc. and closed about same
as yesterday to 1sc lower The May future
showed the most strength, and the differ
ence between that and December was
widened out to 67B@17c premium.
The corn market was easier and governed
by about the same influences as on the day
before. of which the fine, dry, cold weather
was the most important. The first sale of
November made this morning was at 515Sc
and the next at 514c; il sold as low 507sc,
then advanced TO 52l8c and closed at 5l84c.
Year started at from 45c 10 45lSc, declined to
44ssc, then advanced to 4514c and clOsad at
447Bc. May opened at 427sc, sold down to
42l2@425sc, reacted TO 43c and closed at Il 78c
sellers.
The oats trade was dull so far as the specu-
lative market was concerned. First prices
were ABOUT Tue same IL InOSe IudL prevailed
at the close last night. May opened at 52I2c,
sold TO 325sc 10 32Hc and closed steady at
B2L261325sc. November and December were
unusually quiet.
The provision trade was fairly active. but
prices went off on heavy hog receipts, which
were reported in second dispatch from the
yards to amount TO 5000. and prices 1Oc
lower. December pork was found difficult
TO deal in at the nominal market price and
had to be bid up or offered down according
to the operator who wished to buy or sell
Cudahy took advantage of the weakness to
come in Oh a considerable line of short stuff.
December pork opened at S.. 301S ~, sold as
high as $3.50, and closed at SS.45, compared
with s.. 62l2 yesterday. January closed at
loss of 1jc. and May of 12I2c La ID showed
a loss at the close of from &c to 712c and
ribs were 7I2c lower
The leading futures ranged as follows: