St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1892-10-27
ADVANCED BY BEARS,
Decreased Wheat ReceiptS at
Country Points Drive
Shorts to Cover.
An Early Decline Is Then Sue
ceeded by a Sharp
Rally.
All Cereal Prices Close I'm
changed, but Provisions
Are Off.
Wall Street Operations Turn
Upon the Deal in New
England.

CHICAGO. Oct. 26.-Toward the end of to-
days session of the board of trade talk OF
decreasing receipts at country points began
to cause uneasiness among the shorts and the
st. Louis people who had wheat sold, and
minneapolis men in the same predicament
sent in buying orders in such numbers as to
wake up the local crowd. A lively rally re-
suited, and instead of material decline there
is practically no alteration in prices of wheat,
corn or oats, comparing yesterdays and to
days ciosin prices. Rye was very weak
and is from to &c lower than on the day be-
fore. Provisions had a very dull session. and
closed at the bottom for the day-12l2c off for
pork, 7l2c for lard ana &c for ribs.
Wheat opened with free liquidation and
the market had season of sagging prices.
December was the weakest, and on selling by
Nash-W right. Armour, Schwartz-Dupee and
some other prominent houses. the discount
on May widened to 5S4c. the difference yes
terday having been about 51sc Smaller re-
ce1pts in the Northwestern cars at Duluth
and Mlnuea poliS-and the slight decrease in
the receipts at other primary markets had a
tendency to check the weakness but the big
stocks everywhere, the seeming Indifference
abroad, the continued freedom in deliveries
and the prospect of another big increase in
the vislbe-now large and almost beyond
precedent--were ali regarded with distrust
The opening was about the same as yes
terday's closing to lsc under, and rallied $50
Ac, then declined A@$Sc, May not declining
to quite the same extent as December, then
became stronger. with December advancing
l2c and May 5Sc. eased off q trif1e, and the
closing was 1sc lower for December and lac
higher for May than yesterday.
Corn was weak and lower early on the
finer weather, the dizziness IN the shipping
demand and the weakness in wheat and pro-
visions. Later, however, there was an up
turn Oh free covering by shorts December
was weaker than May, and the discount
Wldened to flee, against &c yesterday. The
market developed much strength during the
last hour, the tirmness i'll wheat helping the
advance in corn. the idea having been prev
alent that it was impossible to bull corn
when wheat was under 75c. Reports from
the country continued to mention the poor
quality of the grain as revealed by the husk-
ing. and country dealers reported offerings
falling off.
Oats were easy and lower early. but soon
recovered. There was decided firmness dur
ing the last hour. Receipts continued rather
small, and, with the improved demand for
the better grades of cash oats more conf
dence was developed i'll futures, with the
possible exception of near deliveries. which
were obliged 10 face big stocks in local ele-
vators.
The rye market was as weak as the bones
of new born infant. Sellers for future de-
livery were numerous while buyers were
scarce, and the market received severe
pounding. the close showing loss of lose
since yesterday.
Hog products we're easier on free offerings,
and decided falling off Ill the demand. The
clique seemed to be leaving the market to
itself. English houses were selling lard.
Freights we're slow. Offerings of room
were ample. demand small. Rates were
steady at 214c wheat and &c for corn room to
Buffalo. Estimated receipts for tomorrow
Wheat. 240 cars; corn, 450 cars; oats, a15 cars:
hogs, 5000.
The leading futures ranged as follows: