St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1893-10-29

TIC llEY N4dfh-aCGtVe
and Strong Speculation on the
New York Exchange-Advices
From London and Washington
Send Prices Skyward.
CHICAGO. Oct. 2S.-UneXpected heavy
Northwestern receipts today knocked
out the theory of falling off in the
wheat movement. Incidentally a bulge
in the price was also knocked out. 1t
was also found that 100000 of the
weeks exports went from Pacific ports.
and that the visible might show big
increase regardless of the better clear
ances. This, with the natural DISPOSE
ton to take profits. left prices but &c
better than last night, and the close
very uncertain. Corn secured only sc
of a &c advance. Provisions closed
with trifle loss.
Wheat at the opening was %@5Sc
higher than Yesterdays closing. and
held quite firmly for while. then eased
off. prices declining re, ruled rather
! steady, and the closing was about from
inside figures. Cables were stronger
and higher; the clearances for the week
| from both coasts were 600, 900 bushels
! larger of wheat aud flour; the New
York bank statement was favorable !:
railroad stocks were higher. anu gen
! eral buoyant feeling pervaded all de-
partment, Influenced by the news from
| Washington. However, the receipts in
! the Northwest for the week were about
800, 900 bushels larger than the preced-
| ing week, and the export clearanceS of
! wheat from five OF the Atlantic seaboard
and gulf ports were about 100000
bushels smaller than the preceding
week. 1t was generally estimated that
the visible supply would show an in
crease of about 10000 bushels, against
all increase of 1892, 900 bushels the cor
| responding week year ago.
Corn opened quite strong at 1S(01c
advance and in some instances further
improvement of 1s@Ac was gained
Later the feeling was not so strong, and
prices gradually settled back again ia
&c, and the market closed rather quiet
at the reduction. AS usual on the clos.
ing day of the week business was very
moderate. Anticipated heavy receipts
Monday and Tuesday was depressing
factor toward the end.
Oats were steady, prices averaging
slightly better, ana the close of the neal
futures was 150D14 ulSHer, out OH may
steady. There were 10 new features.
Business in provisions was confined
to the local operators and was not by
them INDUCED in to a heavy extent
The market was generally firm unit
near the close when the setback il
wheat seemed to pull the props from hos
product. Pork is ~ C less costly thar
last night. Lard and ribs are about un
changed.
Freights were rather slow. but rate
unchanged at &c for wheat and 1$c TO
corn to Buffalo.
Estimated Receipts for Monday
Wheat, 220 cars; corn, SIS cars; oats
$50 cars; nogs, $4,000.
No markets Monday, last day of tn
worlds fair.
Cash quotations were as follows
Flour-Steauy, unchanged. Wheat
No. 2 spring, 64$5c. No. spring
5Sc. No. z red, 6435c. Corn-No. z
$500. Oats-No.2, 2S1lc; No. 2 white
Sic; No. white, 29c. Rye-No. 9
4719c. Barley-No. 2. nominal; No :
zoe; No. 4, SIC Flaxseed-No. l, sI.O1
Timothy Seed - Prime, $500. Mes
Pork = Per bbl. St7.5O@17.75. Lard
Per 100 lbs. s1O.10@1O.15. Short Ribs
Sides Qoose), S9@9.25. Dry salte
shoulders (boXed), S7(07.25; short clea