St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1894-10-18
FIRM AT THE CLOSE.
Grain Markets Make q Partial
Recovery From Early
Weakness.
TRADING QUITE ACTIVE,
But With Considerable Irreg-
ularity in Quota
tionS.
TRADING QUITE ACTIVE
STOCKS WERE UNSETTLED.
Trading Active, but Opening
Was Weak and Foreign
Markets Heavy.

CHICAGO. Oct. 1.-THE markets we're
all very dull for all hour today. After
that there was 4 fair amount of business
at irregular prices. Wheat. corn and
oats became very weak, but woke up
and closed quite firm, wheat and corn
at practically unchanged prices, as COM
pared with yesterdays closing, and oats
nc higher. Provisions were moderately
active ana fairly steady. Before its
reaction December wheat made a low
price record at 5l1sc. Wheat has become
a chronic record-breaker, and today its
previous record for dizziness was in
danger of being broken. Bulls and bears
appeared, by common consent. to have
agreed for an hour that there was
no chance for profit in buying December
wheat at 21s@5214c. or in selling it at
52Ic, those being the extent Of the
fluctuations in that time. There was
nothing of disturbing character in
the early news. Chicago received
90 cars, instead of 12O estimated, but
Minneapolis received 555 cars and Du-
luth 362. making together at the two
last named places 917, compared with
"
Out of e., 900 bu shipped from Chicago,
the fact that 10000 blu of it was No.
red was thought worthy OF remark.
Foreign markets were steady at the
opening. After maintaining for an hour
the mere shadow of business there came
upon the market few more selling
orders than were able to be filed at the
current rate. Before II: 80 a. III. Decem-
Der had declined TO nc. which marked
another low price record. May from
SIS @571ic at the opening declined to
563s@5615c. Those declines were fol
lowed by quick recovery of &c per bu.
The reason Of the weakness was prlncl-
pally caused by the receipts,
which disappointed all hope re-
garding the prospect of any i'm
mediate reduction. Primary markets
received total of over $4,000 bu, with
shipments of only about $4,000 bu. An
authenticated report that some Chicago
! wheat had arrived al Liverpool in bad
condition was used by the bears. Brad
streets visible supply statement struck
the market when the price Of December
had recovered to SIC after the break
referred to; but, although it reported
1880, COO bu increase On both coasts, it
did not materially affect the market,
! which, In fact, made still further
ight recovery, selling at So sc shortly
after its receipt.
! The market remained firm during the
last hour of the session. December
closed at 524c after touching 523sc.
There was good deal Of inquiry for
red winter for shipment. but only So
| 600 bu confirmed up to the close. The
visible supply increase was less than
| the 5000, 600 bu expected. and this was
a strengthening factor at the finish.
Corn opened rather firm and remained
| so tor all hour OF more. Ii ylelded some
when wheat was taxing its early header,
| but had begun to improve while the
| other market was still engaged in its
| struggle with its own record. Receipts,
which were only rs cars instead of 100
estimated, were of some announcement
to the bulls. and l55 cars ESTIMATED for
tomorrow did not disturb them. A
purchase of $4,000 bu of No. in store
was made at &c over the price for May
delivery. May opened at 491sc. blu
after an hours steadiuess it dropped to
4S56049c. About half an hour from the
close it was back again to 4919c, where
it closed.
Receipts of oats were even more mod
crate than the small number estimated
yesterday. the inspection today being
los cars. For tomorrow estimated re-
ceipts are 1855 cars. The market was
irregular and followed wheat and corn.
1t was firm at the opening, became weak
and Their firm again; at the close the
price of May was at 321sc. Rather a
light speculative business was trans
acted in hog products, and the feeling
was somewhat unsettled and prices
irregular. The receipts of hogs were
smaller than expected, which caused a
moderate advance in prices. Offerings.
however. were fair. and in sympathy
with the weakness in grain prices
gradually receded to inside figures.
Near the close little more steadiness
prevailed with moderate demand from
shorts. Compared with last night, Jan
uary pork and ribs are 21ac higher and
lard unchanged.
Freights slow. Charters to Midland.
at 44c for corn and 1c for oats. Grain
1c to Buffalo.
The leading futures ranged as follows
Open High Low Clos