St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1893-10-02
WHEAT is RATHER WEAK.
CAUSED BY AN UNEXPEc TED M
e CREASE IN THE VISIBLE.
BIG NORTHWEST RECEIPTS.
The Week Closed on the Stock
Exchange Heavy and With a
Downward Tendency Raid
Made on General Electric and
Sugar-Brisk buying of Whisky
Makes an Active Market.

CHICAGO, Sept. 3O.-Rain and a big
increase expected in the visible supply
caused weakness in the wheat market
today. The cereal closed &c under its
value at the termination of Fridays
market. Corn was firm, but the May
future weakened and closed a small
fraction lower. Oats were heavy, and
provisions dull but firm. Wheat at the
opening was about 3sc lower than yes
terday's closing, advanced &c, fiuctu-
ated slightly, and then declined
3S@12c, ruled quiet, and closed
about &c lower than yesterday. The
export clearances from both coasts, al
though fair, were diSappoint-
ing, because they fell below the
previous weeks. being 1,237,O00
bu less than last week. Another
weakening factor was the continued
liberal receipts in the Northwest. The
New York statement. though very fa-
vorable, did not seem to help the mar
ket. The rain had a weakening in
tiuence, as it was beneficial for seeding.
The receipts at primary markets for the
week were about 100000 larger than
week ago and the exports smaller, and
on this basis it is estimated that the Wis
about 100000 to 1,5O0,000 bu on Mon
day.
Corn started at yesterdays closing
prices, and under a fair demand, espe-
ciaily for the near futures, advanced
$6@@8c, reacted 4035c, ruled firm and
closed with full sc gain. IL was raiu-
ing iii most places in the corn Lelt, and
for while it is thought the receipts at
interior points will be smaller.
The elevator people, led by Armour
q Co. and Harvey IL Co., were sellers of
May. Oats held steady until near the
close, when the weakness iii other grains
and the estimates of 449 cars for Mon-
day caused fair selling. Values re-
coded 4035c, and the market closed
easy at the inside figures.
The packers had the provision market
to themselves. There were but 5000
hogs at the yards, and this gave a firmer
feeling at the start. Then Hately and
the Anglo company became buyers, evil
IDENTIFY to establish a higher level of
prices. The stocks of products are eX-
pected to show very low Monday. with
further decrease in all but ribs probable.
1t was claimed that the fact of the new
regulation with reference to piggy
sows" going into effect Monday had Il
STRENGTHENING effect on the ground that
it Will cause decrease of at least 10 per
cent OH the arrivals of hogs at all West
ern markets.
Freights were steady with fair de-
mand at 214@219c Tor wheat. and go
~ for corn to Buffalo.
Estimated receipts for Monday:
F. Wheat. 200 ears; corn, $40 cars; oats.
40 cars; hogs. $4,000.
Cash quotations were as follows:
Flour steady and unchanged. Wheat
No. 2 spring, G614c; No. 3 spring, nom
inal; No. red, 663sc. Corn-No. 2, 40c.
Oats-No. 2, 2Sc; No. white, soc; No.
3 white, 2S@2S19c. Rye-No. 2, 47c.
Barley-No. 2. nominal; No. 8, f. 0. b..
3S@53c; No. 4, +. o. b.. 3S@l43. Flax
seed-No. l, S1.05. Timothy Seed
Prilue, S3.30@3.35. Mess Pork - Per
Dbl. Sl6.50@16.53. Lard-Per 100 lbs.
$9.2719@9.40. Short Ribs Sides Qoose),
$9.371 G19.50; dry sailed shoulders
(boXed), S7.3119@7.50; short clear sides
(boxed), S9.75@lO.75. Whisky - Dis
tillers' finished goods, per gallon,
SLIP. Sugars unchanged. Receipts
Flour, 12,O00 bblS; wheat, 11S.000 bu;
corn. $4,000 bu; oats, 233, 900 bu; rye,
9,000 bu; barley, $1,000 bu. Shipments
Flour, $4,000 bbls; wheat, 1881 900 bu;
corn, 500. 900 Du; oats, 600 600 bu; rye,
LOCO bu; barley, $4,000 bu. On the
produce exchange today the butter mar
ket was firm; creamericS. 26029c;
diaries, 16@26c. Eggs firm; 800 3Oc
The leading futures ranged as follows: