St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1891-11-20
PRICES DEMORALIzED,
Wheat Futures Tumble Heav-
lily for Lack Of Atten-
ton at Chicago.
Traders Were Busy Hunting
the Origin of a False
Report.
Corn Is a Trifle Up, but Hog
Products Lose Five to
Fifteen Cents.
Fractional Advances Scored
in Most Stocks on Wall
Street.

CHICAGO. Nov. I9.-The wheat market was
demoraliZed today over the effects of yester-
days false report announcing the promulga-
ton of the Russian edict prohibiting the ex-
portation of wheat. The attention of many
of the traders was directed to attempting to
ferret out the author of yesterdays false re-
port and the market for a few hours re-
ceived but little of their attention. AS con-
sequence the business was very light. there
being general Discrimination to buy on ac-
count of the unsettled and somewhat timid
feeling which prevailed. The market, there
fore, was naturally weaker and the prices
lower all around.
One reason for the decline no doubt was
the positive contradiction of the dispatch re-
ceived yesterday which claimed that the
edict prohibiting the expectation of wheat
had been signed Todays cable says: 1.-THE
issuance of the decree forbidding the expor-
tation of wheat was postponed until Deem
Der. However. should prohibition of the ex-
pOrtation of wheat from Russia become q
law II Is doubtful If il would have any ma
terial effect i'll lesSening the exports of
wheat. for it is claimed that about 70 per
cent of Russias surplus has already been ex-
ported.
The export clearances from four ports ag-
gregated AZ, O0j bu wheat and flour. Freight
room was engaged here for 10000 bu. Home
fair. Receipts at Duluth were 427 cars, and
Minneapolis 375 cars, a total of SJ2 cars,
against az cars yesterday, ana 55l cars year
ago. Local receipts were Boz cars, of which
III cars were of contract grade. Withdraw
ais from store, 1863 blu. Receipts a: all
points aggregated l,4l3531 blu, and shipments
from same, l3I.IS1 bu. The export clear
anceS from four ports were u 800 bbs of -four
s4ln7sc lower than the closing figures of yes
terday, and, with slight fluctuations. declined
l2GSs more then ruled stronger, prices ad
Vancing SSlDl2c, eased off, declining Ilsc,
and The closing was about &c lower than yes
terday.
The corn market was weak at the start but
later developed considerable strength on de-
mand from shippers. November opened at
52c, and closed at SIC. Year. from around
4iSsGl4{l2c at the opening moment advanced,
by irregular stages, To 45l2c and closed at
45l4c. and May, from 42I2c sold up to 427ac,
and closed with sellers at the latter price,
which, as regards the latter month, shows
scarcely any change since Yesterday.
The oats market was extremely dull and
void of interest. Prices were confined with
in range of AC1Ssc. November selling at -
0tf-SSc. and May at 3!sS05z5sc. The market
closed steady at 32I4c MD for November. and
32l2c Did for Nav. Slightly higher prices
were obtainable for cash oats, as the market
was very firm under good shipping de-
mand.
The provision market opened weak, and
closed at considerably lower prices than yes
terday, but in December pork there was
some slight recovery from the lowest price of
the day. The enormous receipts of hogs was
a depressing influence, not iesSened of its
effect by any relicence on the part of the
short sellers in dilating upon it. December
pork opened at SS.35 sold as low as SS.;i2l2,
and closed ut S.. 10. January ranged from
Sl1.2C@ll.25 at the start to Sll.15. closing at
the latter figure. Ribs, from S575 for JauU-
airy and So for May. declined to and closed at
S. 65 and s. 95 respectively. Lard shows a
decline since yesterday of loo.
The leading futures ranged as follows: