St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1892-10-16
RAIN AND RECEIPTS.
This Combination Forces
Wheat Down lie on
Chicago Change.
Partridge Said to Be a Buyer
Of December and a Seller
Of May.
Estimated Heavy Receipts
Quickly Flatten a Bulge
in Corn.
Wall Streets Short Trading
Session Characterized by
Strength.

CHICAGO, Oct 15.-Pelted with rain ana
heavy receipts, wheat fell down about lec to-
day. Corn was firm for nearby months and
weak for May delivery leaving eff 1sc higher
for November and Ac lower for May. The
provision deal seemed resting, but pork and
ribs on scant trading, were placed on q
somewhat higher plane of prices.
Rain during the night through the winter
wheat region was accepted as marking the
termination of the drouth and as the p.ecur-
SCR OF more to come. Even more influential
were the large local receipts and the heavy
deliveries i'll the grain, which started pretty
free selling. Later there was good covering
by shorts on the decline, and, the offerings
being moderate, with some cash wheat
worked here and Pardridge's brokers being
good buyers, there was a slight rally, which,
however, was only temporary.
The market at the opening was 1a@Ac
lower and declined 3s@4c more recovered
slightly, but again settled back, declining lac
more and closing easy. The export clear
aDceS from both coasts were smaller By about
10000 bu than the preceding week 1t was
claimed that Indian shipments for the week
would again show a light movement and was
one of the features which was sustaining the
English markets. Partridge was said to be a
buyer OF December wheat and a seller for
as well. George A. Seaverns was buyer of
December wheat on considerable scale
when the market got down around 75l2c for
December. Ills information from the North
west is that the farmers receipts last week
had fallen off about % per cent and fur
ther falling off next week to as heavy an eX-
tent was expected.
There was quite furry in the corn trade
1t was caused chiefly by scare among the
shorts in November. The theory has been
that new corn will move forward in Novem-
Der 10 I'LL the consumptive demand in the
East and leave the stocks of old corn heavy
on spectators. With the wet weather
spreading over most of the country the pros
pects for the new corn getting dry enough to
handle early were less favorable At the
same time the rains checked the shipments
somewhat and receipts were sos ears this
morning The Withdrawals were again
heavy DIT 1890 bushels. There was also
rumor of prospective squeeze in Novs mber
contracts. All this started the shorts to buy
ing and the November price was jumped up
Isclin aihurry. Later the cars for Monday
were estimated at $50 and the market quickly
fattened out. .9ett Hsa
In oats the last day of the week brought
the lowest prices, and the market was rela-
lively lower than other leading cereals. At
the opening firmnesS was present as the re-
ccipts were less than expected But some
lines of oats which had been previously
bought for Investment were offered at the
outside prices. and there was not enough de-
mana 10 take tnem. speculative offerings
soon Increased, especially when it vas an
nounced that 40 cars are expected for Mon
day. The market sold off one cent from top
prices, closing weak at decline of 5sc for
the day.
Interest in provisions was restricted to
packers and scalpers. January pork was
easily advanced l112c over last nights prices,
hut Oh an attempt to realize all but sc of the
gain was lost. November ribs were adj
vanced 12I2c. Lard remained nearly station
ary.
There were few boats on the market. Rates
were steady at 2lac wheat and 24c corn to
Buffalo. Estimated receipts for Monday:
Wheat 4S0 cars; corn, $50 cars; oats 470
cars; hogs, 26,Ot0. Should the inspectors
work on six of the leading roads SUNDAY.
which they probably VIII. the receipts Of
corn will be about l.310 cars
The leading futures ranged as follows: