St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1894-10-26
DULL and VERY WEAK
Discouraging Cable News and
Heavy Receipts Made Grain
Markets Bearish.
SHARP DECLINE IN OATS
The Only Activity Recorded
Provisions Show Slight
Advance.
BRISK SELLING OF STOCKS
Caused Heavy Declines in
Some Of the More Impor-
tant Leaders.
BRISK SELLING OF STOCKS

CHICAGO. Oct 25.-The board of trade
markets were very dull today with the
exception of oats. That market woke
w, and under heavy selling for Irwin.
of Plttsburg, declined sharply, raliying
later on covering by shorts and closing
but 5sc lower for May. December
wheat closed 114c lower, May corn 3sc
lower and provisions slightly higher for
pork.
Business In wheat today was very
dull and subject of general complaint.
The dlscouraging cable news and the
heavy receipts in the Northwest were
sufficiently bearish to keep prices under
Yesterdays closing values. The ex-
pectation of a cold wave and talk of
drought in the winter wheat belt pre-
vented a marked decline. The days
fluctuations were narrow, 523sc being
the highest price realized for December
and 5214c the lowest, with 521ac the
trading price at the close.
Corn was dull, and for the most part
inclined to drop, although its weakness
was not very pronounced. There was
some inquiry for round lots for ship
Comparative frmness was impaired in
the latter part of the session by some
buying, which was reported to be cover
ing of shorts for account of the Pitts
bure man whose selling out long oats
was the feature of the latter market
Receipts were III cars, and estimates
for tomorrow are 100. Liverpool advices
said that STOCKS of American corn there
were exhausted. May opened and closed
at 1910, its fluctuations being between
1890 and 1890.
Today'S session in the oats market
was active. and large amount of stuff
changed hands. This was heavy long
selling for e. w. Irwin. Pittsburg
or 500, 600 bushels of oats were disposed
of on his account, principally through
Mcpherson, Harry Parker and Bartlett,
Frazier & Co. The last mentioned firm
were also reported to have sold out con-
siderable stuff On the account of an oat
meal trust. Not only was there free
selling. but a general good dis
position to buy Oh the part of the
shorts and but for this the decline
would have been much greater. Jack.
son Bros. bought over 100000 bu on the
decline. which they had previously been
short, for customers. The rest of the
buying was scattered, some among COM
mission hOnses and some by local par
ties. This market WAS far more active
than any other on the floors. May
started at from $3.50 to 3214c, sold down
to 3l53Sc and at noon was selling at 371sc.
Towards the close selling was not so
free and the market advanced. May
| closing at 321sc.
Provisions were very dull and trading
of the lightest. Fluctuations were in
! significant, and in the end prices were
not materially changed as compared
with current values twenty-four hours
| previous. Pork is sc higher, lard &c
lower and ribs unchanged. Hog re-
| ceipts were $4,000 today and $4,000 are
! estimated for tomorrow.
Freights, corn and oats, to Buffalo at
| &c or 11sc less than the rate III force for
some time. Oats to Collingwood, 1c;
| corn to Point Edward. T. &c.
| The leading futures ranged as follows