St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1892-11-28
FAVORED The BEARS.
Dropping Prices Marked the
Close of the Week on Chi
cago Change.
Wheat Started a Trido High
er, but Soon the Price
Fell of.
Provisions Take on Lower
Values During the Last
Half Hour.
af
Stock Speculation on Wall
Il Street Controlled by
~ Bear Forces.

CHICAGO Nov. 26. Dropping prices marked
the close of the week Tonight, compared
with last, wheat is A@sgc lower. and corn
about Ac, while provisions within half an
hour of the close dropped gam they had
secured earlier.
There was little firmness in wheat at the
start due largely to brisk buying by Lamson,
and prices improved triffe. but Oh the ad-
vance the selling became liberal, and. there
being little bullish news to support the
market, the price gradually fell off. The re-
ceipts in the Northwest were generous and
Prime reported the condition of the winter
wheat as satisfactory. The offerings OF De-
cember were unusually heavy. and did much
to cause the weakness, as the discount on
May was at one time nearly &C. Changing
December To May was carried on VerW eX-
tensively. Walker and WTenn changed fully
100000 bu.
The exports from both coasts were again
liberal, amounting to 3.465,U0O bu against
3g44 0O0 blu the previous week. ana 4.0S2,OU0
blu for the corresponding week last year
The available stocks i'll the TINTED States
and Canada were reported at l0l,0O0,UOI pIi'
1t was estimated that the visible supply
would show an increase of about l,O0a.000 10
1,5G0 000 bu. The opening was ABOUT tne
same as yesterdays closing to 18c higher; de-
clined l2c then rallied S8c, again became
weak. prices declining SStGl2c. ruled sleaaler
and the closing was Csc lower for December
and 14c lower for December, and Ac lower
for May delivery.
Initial trades in corn were at about yester-
days final figures. but soon sold oil Csc IN
fuenced some by the action Of wheat. At
the decline the demand improved, and the
car lots for Monday coming in light at 10
cars, prices reacted, recovering the early
break, changed but little. ruled easy, and
closed with about Ac lower Trading was
mostly of scalping character.
In oats there was little changing from
December TO January at lc. ana to May at DC.
Prices had Ac range, and the close was easy
at I8@4c decline from yesterday.
Provisions showed decided strength for
time. Steever. presumably acting for Cud-
any, was large buyer of May pork. and at
times provisions generally were bought
freely by brokers who usually act Tor Ar
mour rise of l shilling in lard in the
Liverpool market started prices up here Tor
that staple, and the entire market responded
to a local advance of sc per 100 pounds in
hogs During the latter part OF the session
prices declined OH larger offerings and re-
duced demand. The estimated hog supply
for the coming week fayors only moderate
offerings. in marked contrast with the enor-
nous receipts for the corresponding week OF
1891. Price changes were confined within
range of 20c
20 freights were Slow with very little vessel
room offered Rates were firm, 2l2c being
paid for corn to Buffalo. Estimated receipts
for Monday: Wheat, 135 cars; cord, l25 cars;
oats, 49, cars hogs $1,000 head.
The leading futures ranged as follows: