St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1894-10-13
DULLNESS WAS THE RULE.
Weak Cables Had a Bad Eff
fect--Copn and Oats Also
Decline.
CONFIDENCE IS REVIVED.
FinancierS Consider the DAN
ger Point to Be Well
Passed.

CHICAGO. Oct. 12.-Dullness was the
most obtrusive feature of the days
speculative business. Wheat dragged,
while corn and oats limped YEARLY in
its wake. Prices of the two leading
closing values, but were without appre-
ciable change at the close. Oats gained
&c, and provisions were firm, closing at
slight advances.
Wheat opened lower again, and De
cember in the course OF fifteen minutes
trading sold as low as 521a@5259, thus
breaking its previous low price record.
There was nothing encouraging to the
bulls in the early dispatches. which re-
suited in the decline mentioned. Liver
pool was quoted dull and I'd lower.
Paris was quoted easier and Berlin very
weak at a decline equivalent to lie per
bushel. A private cablegram said the
weakness at the last-named place was
due to heavy offerings from Russia.
Chicago receipts were rs cars, and Min
neapOlis and Duluth reported 964 cars.
compared with l.O56 a year ago. One
encouraging feature in the outlook was
the report from New York Of all i'm.
proving demand for new No. 2 red
winter. the inquiry having hitherto
| been confined to the various grades of
spring.
The primary markets received a total
of $50, 600 bu, including 81, 600 bushels at
Kansas City. Duluth shipped 81, 900
bu, and a dispatch from there today
said vessels had been alre ady engaged
to ship 2. 000,0O0 bu between now and
Nov. Is. II that 1000. 900 bu more Ca
pacity was wanted at some concession
in the rate of freight. There was more
solid dizziness in the pit here today tina
on any of the few preceding dull days
of the week. The range of fluctuations
for December was confined to 52Tc as
its highest point. and 5215c as the
lowest. During the greater part of the
session the extreme variation was from
premium for May was for the most part
5 1-l6c.
The market firmed up near the close
on reported heavy charters of vessels to
take wheat from Duluth and the good
demand tor cash wheat at Minneapolis
where even poor, smutty samples. it
was said, brought within 5 cents of the
best. December advanced to and closed
at 53c and May to Sc.
Although only IS cars of corn were
received in place of 120 as estimated.
the market for the article opened weak
i'll sympathy with wheat. There were
sellers of May at from 4919c to 1880,
compared with 1890 at the close yester-
day. 1t declined to 494c before enough
support was forthcoming to stop it.
Some buying against puts turned it up
ward, and it was in the main firm dur
f, ing the remainder of the forenoon. 1t
touched 1890 for a moment. and was
afterwards steady at about 1920 FOR an
hour or more. business vas very dull,
and chiefly confined to ScalperS. The
influence of a little stiffness in wheat
near the end helped the market. rhe
| price had worked off again to 1925 for
May, but recovered to 1870 and closed
at 1920 1870. Oats experienced a quiet
and uninteresting session, following
corn in all its fluctuations. There was
but little disposition to trade either
way. May opened at 1890, sold down
to 323sc. up to 33c and back to 1890
32Tc, closing at 33c.
Inc provision market was weak at
the start. but it soon improved, recov-
cred an early loss and added some profit
besides. The weakness at the opening
was caused by the decline in grain and
the receipt of 5000 more hogs than was
estimated.
The packers sold moderately at the
start, but not with any freedom, and a
little local buying was sufficient to start
prices upward. The amount of trading
was small. Compared with last night,
January pork and lard are SC higher,
and ribs 10c higher.
Freight rates held steady at lac for
wheat, nc for corn. and lc tor oats to
Buffalo. A charter for corn to Kingston
was made at 215c.
The leading futures ranged as folIows.