St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1894-09-25
VISIBLE WAS LIGHT.
The Only Bullish Feature In
an Otherwise BeariSh
Market.
CAUSED A SLIGHT ADVANCE.
Wheat, Corn and Oats Show
Small Gains--PrOvisionS
Unchanged.
STOCKS OPENED WEAK.
Business Light, With Tend
ency in Prices Steadily
Downward.
STOCKS OPENED WEAE

SllCaGO, SCptsSts- lC o ~
started weak today and closed firm on
the bullish visible supply statement.
December wheat finished sc higher.
May corn &c higher and May oats &c
higher. Provisions finished with little
change.
Wheat was weak at the opening and
Continued in that condition nearly all
forenoon. There were some bullish
items in the days news, but they were
overshadowed for a time by the effects
of the over-abnndance of present COM
mercial supplies. A decrease of 1,152,-
600 bushels on ocean passage which
was made known before the
opening was more than Offset by
the closer to home effects of the
receipt of 1856 carloads this morning at
Minneapolis and Duluth, and the gener-
ally heavier increase of stocks than eX-
pected as the returns of the visible sup
ply were being received. The last two
items of the visible supply statement
changed the result which was indicated
by those previously received. Without
the report of the quantity on the lakes
and canals, an increase was shown OF
over Zoo. 900 bu at other PLACES, bat the
quantity on the lakes increased only 3d.
600 bu, and the canal showed a decrease
of 500. 900 Blu, which gave the net result
OF the visible supply at $4,000 bu. com
pared with 1,363.000 bu on the same
week of the year before.
Foreign markets were easier on ac-
count Of the weakness here, as eX-
planned in the private cablegrams.
December wheat opened here at $3.50,
sold sparingly at 54}sc, and from that
off to 54IM545sc. After the receipt of
the visible figures a firTner feeling set
in, and a reaction to sac occurred
about half an hour from the close. The
market ruled steady a: the end, finish
ing at 54Ic.
Corn opened weak and ruled so up to
the receipt of the visible supply state
ment and the estimated receipts for to-
morrow, after which it became strong.
Today's receipts, as indicated by the
number of carloads inspected, were
fully up to the estimates, numbering
SOC. as against the predicted 800. The
estimated receipts for tomorrow are
only $50 cars, and the visible supply in
creased only 81, 900 bu, against an in
crease on the same week OF the last
year amounting to ], no 600 bu.
Commission houses with country con-
nections were observed to have a good
man selling orders, and the local
scalpers also showed a bearish DISPOSE
ton early in the day which they
repented of later in a substantial &C.
acknowledgement i'll case OF the more
correct forecast of the bullish minority.
Nav, which opened at from 5055c to sic,
o,,I onII &c lnuv &C 1000 advanced tn
SIC and closed at 5lSc sellers. The
Independent firmness in the oat market
was extraordinary. The visible supply
showed a decrease in oats OF $4,000 bu,
and that seemed to pu. the market right
side up. The demand improved and
sales were easily effected.
Trading was principally scattered
although Leet and Fritz during the
session disposed of considerable stuff.
MAY started a shade easier at from 1896
to $3.50 and sold gradually up to 34Hc,
closing at 3459c.
The receipts of hogs at the yards were
only 1900 head, and only Ia, 600 are eX-
pected tomorrow. The price was irmer
but Notwithstanding that there was a
general raiding of the market, and a
hurry to get rid of stuff which soon
made everything look very sick.
The packers were very gen.
orally sellers. Some speculative
traders who had been short took eager
advantage of the break to cover, and
caused a lively rally in the last hour.
Brokers rave Armour 81 Co.'s name on
sales of January pork at Sl3.05, which
vas the lowest price it touched, and
closed at $3.50, OF the saIne price rs on
Saturday. October closed at $3.50.
which showed a gain of 10c.
October lard and ribs were weaker
than the January deliveries Of those
articles. January lard showed at the
close no change since Saturday. while
for October it is TIC lower. January
ribs are 219c higher, and October are
without change.
Freight rates steady at 1Hc for wheat
and NC for corn to Buffalo.