St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1892-11-16
GRAIN PRICES LOWER
Big Export Business Power
less to Check the Decline
on Chicago Change.
Recent Bullish Reports Lost
Sight Of in the Rush
~ to Sell.
Liberal Buying and Small Hog
Receipts Cause Provisions
to Advance Slightly.
GLG
An Active Move to Cover
sIf Chnrfc Cfaptc CtOpIc IN
An Active Move to Cover
81 Shorts Starts Stocks on
rs the Up Turn.

CHICAGO. Nov. 15--Big export business
proved powerless today to check the decline
in the prices of grain. Wheat closed lac
lower for December, SEC lower for May. Corn
declined t1ac and oats 3Sc. Provisions re-
quired the support of their friends and re-
ceived it. but at the Wind-up were only
shade above last nights quotations Beside
the liberal receipts weak cables and the fine
weather wheat was further influenced by
the increase in the amount on passage-l,2Os
coo bu-and the increase Of nearly 100000 bu
in the English visible. In the absence OF
any fresh bul news the trade seemed to
forget the bullish reports on which the mar
ket has SO recently advanced ana began 10
doubt the permauency OF the Improvement.
Hence, on the appearance OF the weakness
there was pretty free liquidation and good
short selling.
December wheat was heavily offered by
such elevator interests as Armour & Co.. and
Counselman proved drug on the market ana
carried prices TO discount of 64c below May.
There was report OF POI, OOO bu wheat Delng
taken in st Louis for export; also that Du-
lu III had sold at least 200, coo bu. and it was
also claimed that 200, 900 bu had been sold for
export, but even these reports failed to have
any special effect upon values or create any
advance in prices. The opening was about
14MSsc lower than closing figures of yester-
day, and, with only slight fluctuations, prices
declined I2@ic more, with December show
ing the most weakness; ruled STEADY, ana
the closing was about lac lower Tor Decem-
Der and SEC lower for May than closing hg
uTes of yesterday.
Corn was weak and lower from the start On
the more liberal receipts than expected, the
fine weather for interior deliveries and the
weakness i'll the wheat pit. Baldwin and
Farnum were the most active sellers ana
many of the longs threw their holdings over
board. There was little demand. and even
the shorts who had ii good profit did not
seem disposed to cover. The market, how
ever hardened little during the last hour,
Baldwin, arnum buying on the break. lnl-
tial trades were anywhere from AW42c under
the final quotations OF yesterday, and selling
carried prices off Sac more. The market aft
erward rallied Sac, when the estimates for TO-
morrow came info cars-but did not hold
long receding Ac, changed somewhat and
closed with 5S@D78c decline.
In oats there was a liberal trade, ard
weaker and lower market The depression
was due to the decline in wheat and corn
and the unloading by longs. There was
little demand early. and prices for MAY
which was the most freely traded in, after
opening S4c lower declined s8c more. a
rally to about opening prices followed but
weakness again developed, and prices re-
ceded Ac, and the market closed easy with
net loss of SS(lI2c.
Hog products were unsettled and higher.
The receipts Of hogs were less than expected,
and the prices at the yards were 50lCc
higher. There was little product offered,
and though early prices were lower, the
cliques soon became active buyers, and there
was a sharp advance, but it was not held.
Freights we're slow. and rates TO Buffalo
easy at gaze for wheat. and 2I2c for corn.
Estimated receipts for tomorrow: Wheat
225 ears; corn, 17U cars; oats. 140 cars; hogs,
$1,000.
The leading futures ranged as follows: