St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1894-10-17
CORN SrEADIED THE MARKET.
Slight Rally at the Close--
Provisions Weak, Finishing
at a Decline.
GOOD BUYING OF STOCKS.
Sugar Trust Shares in Demand
--Grangers Showed Less
Activity.

CHICAGO. Oct 16.-Wheat slid down.
wards today until it had made low
price record for December at 5l$4c.
Then, aided by buying by shorts and
reports OF cash business, the market re-
acted, December closing steady and Sc
higher. May corn closed &c higher
and May oats unchanged, but provisions
were weak, finishing at declines.
The new low-price record for Deem
Der wheat was made as soon as the
regular trading commenced. The OPEN
ing trades were principally at from SIC
to 81 &c, with sale or two at 52@521sc.
Another shave was taken off the under
side of those quotations before auy i'm
provement started. When it began to
recover it was under the lead of the
corn market, which was the first to give
signs of revlving animation. The rou-
tine statistics of the day and reports
from outside markets we're diScouraging
to the bulls. Some demand for cash
wheat was reported early in the day,
but did not exercise any influence until
to it was added the recovery in corn.
Receipts here today were 215 carloads.
At Minneapolis 1856 carloads were re-
ceived and at Duluth SS4, making 1920
against 929 cars .year ago. The total
primary market receipts were about
$4,000 bushels. EXPORT clearances of
wheat ana flour from the Atlantic ports
were 1000 bushels. Baltic, Black sea
and other competitive ports shipped
4.SS0,O00 bushels last week. and India
shipped $4,000 bushels, making, with
$4,000 bushels from this country, the
very heavy total of S,413.000 bushels.
Liverpool. London, Paris, Antwerp and
Berlin all sent lower quotations. De-
cember improved to 525s@52AIc, with
several reIapses OF its falling sickness
which sent it back again several times
to SIC, but was in one of its firm moods
near the close. There was considerable
buying by shorts near the close, and the
market finished steady with December
at 5214c.
Corn opened weak, but shorts were
inclined to take their profits, and some
Improvement In prices followed. princi.
pally from that cause. There were, how
ever. very small offerings of cash corn
to go to store, and there was some de-
mand for it. The inquiry for new No.
and new No. 3 yellow to arrive was also
rather better than it was yesterday.
About 10000 bu were placed at the fol-
lowing discounts under May prices
For No. 3, 4llc under; No. 3 yellow, 4c
under; for December, No. 2, &c under !;
No. 8 yellow, 419c under. The receipts
were 216 cars, or SO less than estimated,
and for tomorrow the estimates are only
100 cars; the latter was one of the bull
points of the day. May opened at 1870,
with limited trade at 1870. 1t fiuctu-
ated for over an hour between 4SMc
and 491sc, and then improved to 1870
1890. where it closed.
Oats opened weak in sympathy with
the early tone of despondency in wheat,
and improved later in the session, as
did the other markets. The receipts
were about as estimated. The opening
price for May was 32115c. and subse-
quently it sold as low DIS 31%. 1t rose
TO 321lc. fluctuated between that and
see during the most of the session, but
rose near the close to 3214c again, and
closed with buyers at that.
Weakness ruled the provision marke {.
The opening prices were at decline
from yesterdays closing rates of 7115c in
pork, &c in lard and 21sc in ribs. At
the close the following we're the reduce
tons established: Pork, 1215c; lard
and ribs, each, sc. Hog receipts were
heavier than looked for. being 4,O0U i'll
stead of 1900 as estimated. For to-
morrow the estimate is $1,000. The i'll
creasing receipts are bearing out the
predictions of the packers and are the
reason for the declining tendency in
provisions.
Frelghts dull. Small lots of grain
were taken at 1c to Buffalo.
The leading futures ranged as follows: