St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1892-11-04
RECEIPTS FALL OFF.
Smaller Supply and Heavier
Exports Shove Wheat
Prices Up.
Strength in VIII eat Response
- BILE for an Advance in
Corn.
Provisions Showed Good
Strength All Through the
. Session.
Wall Street Market Suffers
~ Through Ante-Election
TA Excitement.

CHICAGO, Nov. 3.-With the receipts at
primary points the smallest for three months,
and the exports the largest during the same
time, wheat today closed strong. Final fig
ures, com pared with those of last evening,
show gain of ls@sBc. Corn is unchanged
to lac higher Provisions advanced 1c@20c.
The first feeling in wheat was one of weak
ness This was attributed to the fact that
local receipts exceeded the estimate by about
90 cars; that deliveries in the Northwest
were liberal, and the clearing weather was
regarded as favorable for a further increase
of interior deliveries Early English cables
were frmer, but this did not prevent de-
c1ded bear sentiment on the part Of the local
trade, and there was pretty free selling for
time, under which prices gradually fell OF,
with business dull.
Later re ports from the seaboord Shove d a
marked revival in the export demand, and
the ciearances from the seaboard were re-
ported at 915, 900 blu in wheat and flour. This
caused an immediate change. The early
sellers quickly started to get back what they
had SOLD, and there was fair investment buy
ing, while the offerings became unusually
light. The result was steady advance. The
Cincinnati Price Current reported that wheat
was still suffering from drouths In large
areas, and that there was every reason 10 eX-
les.
Partridge was good buyer of May wheat
below 1ll2c, and was believed to have COW
cred considerable line. The opening was
about lBMAc lower, and prices declined 800
Ac more, then rallied &c, receded some and
the closing was within 18c of the top for the
day. Minneapolis wired that there was little
doubt but that North Dakota had marketed
her surplus wheat j. }. Bryants sales,
amounting to about 100000 bu, it was said.
that side. r. W, Durham q Co. were said to
be buying in short wheat for c. A Pillsbury.
of Minneapolis, who. IL is represented, has
been here two days experimenting the oper-
atoms.
The corn market again took q drop in the
carly trading similar to that of yesterday.
This was due very largely to the sensational
reports OF the failure of Pegram & Bros, at
Lincoln, H., and the published statement
that Chicago commission houses were heavy
losers. This made the trade nervous. The
early depression in wheat also had some
effect Slbey d Pratt were among the sell
ers. When wheat and provisions began to
develop strength corn was quick to sympa-
thiZe. A report from Murray. of the Cincin-
natl Price Current, that. according to his re-
ports the huskings continued to show dsap-
pointment also helped the market. Initial
trades were at fractional declines, aud the
price was carried down Ac more then adj
Yanced l2058c. reacted 4c ruled firmer, and
closed with a slight gain.
a Oats fluctuated with corn and closed about
steady. The feature of the day was heavy
selling of May early by Rouse, who disposed
OF fully 30J00 bu, presumably for New York.
&c The provision market showed strength all
day. chiefly on the smaller receipts of hogs
than expected, higher prices at the yards and
good buying by the late clique in ribs and
shorts generally. The comparatively small
stocks of all kinds of products, excepting
mess pork. attracted some attention, and the
OrpVni1pd
were covering portion of their outstanding
contracts, and this strengthened the market
to some extent. The receipts were compare
lively light and shipments quite large, par
tcularly of meats and lard. An advance of
Is at Liverpool was a factor in lard. There
was strong demand for spot at Sec over the
price of seller the month.
g The offerings of vessel room were not large
and the demand good at 2l2c for wheat and
2Ac for corn to Buffalo. Estimated receipts
for tomorrow: Wheat, 312 cars; corn, 365
cars; oats. 175 cars; hogs, 2l,000.
The leading futures ranged as follows: