St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1893-10-20

Was Featureiess and Dealings
State of Expectancy on the
Silver Question and Operators
Not Making Heavy Deals.
CHICAGO, Oct. 19.-Elevator people,
who have 100000 bushels of wheat
sold for December delivery and have it
on hand, were today, it is said. in the
market laying their plans for getting
and keeping of the whole pile from
December to May. The assertion is
made that their buying of December
worked up the crowd, and the May was
sold while the market was OH the boil.
Although May and December are only
at re spread, which would scarcely
pay per cent on the money for carry
ing, by adroitly working the market SC
premium or more is alleged to be Sc
cured. Corn and oats were strong and
provisions firm, with everything higher
at the close.
The whole market certainly seemed
to turn as much on manipulation as on
the news. Apparently the bear plung-
ers had things all fixed for break fol-
lowing the opening. The price started
&c lower, but struck snag. Armour,
Seaverns, Linn, Weare and other ele-
vator people were buyers. The scalp
ers who rushed to sell first had to cover
a few minutes later. Then the Pard-
ridge-Leaming-Smith crowd appeared to
be 0oing some lively covering. Smith
covered, it is said, quite a line. When
the furry was over very many took
profits, and the market at midday lost
half OF its advance.
The firm closing cables, the belief
that the senate fight will end Satisfac-
torily, the tirmness Of outside markets
and the nervousness of shorts all helped,
however. to close the wheat market
very strong.
The price, after opening &c off, adj
vanced 1c, then eased off 15c, t1uctuated
frequently within small range, and the
closing was about 1sc higher for Deem
Der and 15c higher fer May than yester-
day.
The corn market attracted consider
able attention. The local long interest
were credited with enlarging their lines.
Shippers were free buyers on orders
from the Eastern markets, as merchants
desire to enlarge their supplies before
the close of lake navigation. Domestic
markets were stronger and Liverpool aG-
vices indicated further advance of I'D.
The receipts were not quite so large as
anticipated, and general impression
prevailed that the arrivals during the
balance of the month would exhibit a
marked falling off.
Prices Oh the whole were advanced
19@3Sc.an appreciation was fairly well
maintained.
Oats were governed largely by corn.
There was a good buying of May by
strong parties. Prices advanced g and
closed at nearly the top.
There was more doing in the Specu-
lative department of the provision trade
and at some improvement in prices.
The firmer grain markets and 1000
fewer hogs than had been estimated for
today'S receipts were the governing in
huenceS.
Closing prices show the following
changes compared with the last quota
tons on the preceding day. Pork is
from 1719c to 25c higher, lard 1Oc and
ribs 15c higher.
Estimated receipts for tomorrow:
Wheat, ITO cars; corn, 4l0 cars; oats,
100 cars; hogs, 1900.
The offerings of vessel room ready to
load were light, the demand fair, and
rates tirmer at 211lc for wheat and &c for
corn to Buffalo.
The leading futures ranged as follows: