St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1892-11-15
BEARS STILL ON TOP.
Large Increase in the Visible
Wheat Supply Has a De-
pressing Effect.
Chicago Bears Sell Freely
and Help Along the De-
cline. =
Corn and Oats Also Weaken
Under the Depressing In
huenceS. &c
Wall Street Bears Pound
Stocks Down by a Raid :.
on Reading.

CHICAGO, Nov. 14-The largest visible sup
ply of wheat ever known was recorded today
67,203, 900 bu-with a probability, it is said, of
a further addition of perhaps 100000 blu 10
its bulk before it shall have reached its max
imum for the year. The total year ago
was 100000 bu. The markets all closed
weak, with wheat at the lowest point OF the
day and corn and oats at nearly the lowest
figures touched. Prices declined ssc COM
pared with Saturdays latest quotations.
Corn was also weak, and left off l2c lower.
MAY oats show S4c loss, and provisions also
lost some of their Saturdays value.
The meagre Indian shipments, the seadi-
ness in the cables and the reported large ex-
ports of wheat and flour for October-which
were 20. 100000 bu, against 19,0UU,0O0 bu for
the same month last year-gave a rather firm
tone to the wheat market at the start, aud
prices were a trife higher In addition,
Michigan reported per cent less area
seeded because OF low prices rul-
ing. But other considerations soon
nullified these reports and weakness ruled:
The receipts in the Northwest were regarded
as large There were free selling by Pard,
ridge, Milmlne- Bodman. Adams d Samuel
and others. For time Mitchell. Counselman.
Lester, Logan and others bought freely, but
when their orders were filled, trade became
dull and prices began TO weaken; me de-
preston in corn ana oats also had an unfa-
NOraDlc erect Oh WHEAT i ut flolOlS supply
increase was nearly 2.500,000 bu. or cons1d-
erably larger than expected. The surprise
was in the figures for Chicago, where the
private houses must have taken enormous
quantities of wheat. The opening was about
lsc higher, and advanced 18c more. then
declined 5s0134c and closed easy.
Corn receipts were about 10) cars more
than expected and there was free liquidation
by the longs and liberal short selling, which
caused decided weakness Baldwin & Far
mum were the leading sellers. Initial trans
actions were tritie under the closing prices
of Saturday and sagged off S60lAc. Bryant
made liberal purchases on the break. good
share Of which came on the market later in
the day, causing a Still further decline.
Room operators also sold freely. buying
back some afterwards on talk of decrease
market rallied 409Sc, changed some, ruled
Steady and closed with 4@l2c loss
Oats were lower in sympathy with the
break in corn. and heavy selling by Baldwin
and Bartlett Frazer.
Hog products generally weak; live hogs
were i'll large supply and 5@iOc lower and
there was free selling of the product. The
selling was due in some measure to pub
lished interview with p ID. Armour to the
effect that prices of January product are
dangerously bigh. John and Michael Cud
ahy seemed to hold opposite views from Ar
mour and came to the support OF the market,
so that at the close pork and lard showed
each only loss Of sc from Saturday night,
and ribs 2l2c.
Freights were in fair demand but agents did
not have many boats ready to load. Rates
corn TO Buffalo. The estimated receipts for
tomorrow are POO cars of wheat 275 cars Of
corn, 23) cars of oats and 26, coo hogs.
The leading futures ranged as follows: