St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1892-11-30
DECLINE IN WHEAT.
Activity Of Provisions Holds
Cereals Steady for a
Time.
Bearish Influences, However,
Result in a Decline In the
Afternoon.
Provision Shorts Squeezed
Again by Cudahy and
Wright.
Wall Street Bears Make a
Successful Raid Late in
the Session.

CHICAGO Nov. ga meteoric display of
high prices in the provision pit fascinated
the bears into temporary stupor for time to-
day. Tonight. however. compared with last
night, quotations for grain and nearly every
thing else show loss Wheat is down about
3Sc and corn I2c
There was not much activity III wheat
Cables were dull and easy and the English
market was represented as in a seriously
demoralized condition, with prices 50 low
that farmers were inclined to feed their
wheat to stock rather than market it at the
low prices which are equal to SIC for the
average of farmers product. Minnesota
patent -four was said to be selling in the in
terror towns of England for S. per barrel
The amount OF wheat and -four on passage
increased 16S0 900 bu during the last week
and the receipts in the Northwest were again
large-or 940 cars. against rs cars for the
same day last year. The English visible
supply was also said TO show an increase
of 10000 bu. The contract wheat in regu-
lar Chicago elevators is 200. 900 bu more than
a week ago. These conditions. with good
selling by Prosseau. Clifford and their fol.
lowing and rumors that Cudahy had Sold
heavily yesterday afternoon MADE weak
undertOne But the excitement i'll the pro-
vision pit and the sharp advances scored
there help to hold wheat pretty steady, even
in the face OF so much that was bearish
Late cables reported decline OF l2d. and
the heavy feeling locally became more pro-
n0uneed, last prices being the bottom for
tb1 DAY. The opening was about sac lower,
adva"ced about Ac, held steady within the
established range, and closed SSc lower than
yesisr1av.
Corn vas inclined to weakness, but on the
excited feeling i'll hog products developed
temporarily. The chief bull item Of the day
stocks. The light out-ins fecnon of 10000
bu and the increase Of about 300 ODD bu ON
ocean passage were on the bear side. The
close was fiat at bottom prices. Us result of
the depression in wheat. Prices we're con-
fine to a range of 4SGQS4c.
The oats trade, which was most active
around the high prices of the day, was largely
of a scaiplng nature. Counselman-Qay and
Baldwin-Farnum were pretty free buyers.
A. l.. Mason led the selling by putting out q
line of fair size early There was some
changing from December to Nay at 47s@5c
difference. The close was at 1sc decline
from last night.
The provision trade had continuation of
the squeezing operations Whic have so fire.
quently Of late made the shorts lives misera-
BILE. Cudahy's and Wright's brokers ap-
peared to have instructions to take every
thing in sight at the opening, and prices
jumped skyward. When the shorts had
taken their medicine, the prices worked back
10 where they had closed OH the previous
evening. except lard, which retained the
greater part of the days gail to the end. and
left off % y c higher than it did Yesterday for
January delivery. At the top, pork was
31l2c higher than last night lard 3212c, and
ribs 17l2c.
Freights were slow at 2I2c for corn TO Buff
falo. Estimated receipts for tomorrow
Wheat 100 cars; corn, $50 cars; oats, 12j
cars; hogs, $4,000 head
The leading futures ranged as follows
Open High Low Clos