St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1894-10-28
TOO MANY SELLERS
Caused Weakness in Grain
and an Unusually Dull
Market.
CORN ALONE WAS FIRM,
On Reports Of a Prospective
Seareity--Provisions Show
Moderate Gains.

CHICAGO, Oct. 81. - Business was
again extremely light in the speculative
markets, and the dizziness had an adj
verse effect upon the value of wheat.
December closing with loss Tor the
day of &c. Corn was sustained by the
evidence of a gradual eating away of
local stocks and a prospective scarcity
of the contract grade, and May closed
unchanged. with December &c higher.
May oats closed sc lower and provi-
sions with moderate gains.
Wheat opened with semblance of
improvement in tone, 521ac being bid
the faint bubble of demand was burst,
and there were sellers at $3.50 a minute
or two later. Northwestern receipts
were again heavy. Minneapolis re-
porting 707 cars and Duluth 357,
or 1,O64 in all, compared with
1000 cars ON the corresponding day of
the year before. Chicago received III
cars. Foreign markets were about
steady. Liverpool was quoted un-
changed for spot and remote futures.
and4c lower for October. Paris was 10
cenilmes higher for wheat and I'M
changed for -four; Berlin, a mark higher
for wheat. The clearances of wheat and
-four for this week from both coasts as
reported by Bradstreet's amounted to
5.353, 600 bu, against 3.l92,000 bu on the
previous week, and compared with
1927, 900 bu on the corresponding week
of last year. The visible supply prom
ised to show what the bears call another
Handsome" increase.
D,,,,. frNt, far. dovr
were 7SS.7S blu. including those at
Kansas City; shipments were 1851
blu. The exports for twenty-four hours
from Atlantic ports amounted in wheat
and flour to 3SS.000 bu. Business TO-
ward the end of the session was shade
more active than earlier in the day, and
the increased trading vas at the ex-
pense of the bulls December ruled
around 524c about fifteen minutes
from the end. The very light business
enabled local short sellers-who have
all the money in the trade stick the
Cad still deeper into the bulls TANKS.
and get the price down another sc.
December sold at 5211sc, and closed at
that; May, which opened at 57114c. de-
clined to and closed at 55Tc.
Corn was a shade weaker on the aver
age for May. but much firmer for Octo-
Der and December. The latter feature
was the only noticeable one in the days
transactions. This weeks local move
ment has reSultedin an estimated lessen
ing of elevator stocks to the extent of
35O, 900 bu, and the stock taking Monday
is not likely to show more than about
400, coo bu of No. corn in Chicago. To-
days receipts were 100 cars and with
drawals from store $4,000 bu. New
York reported six boat loads sold there
today for export. Liverpool was an
other Id per GENITAL higher for October.
The Chicago holders of October options
in Liverpool appear to be having things
all their own way. Estimated receipts
here for Monday are 200 cars. October
December, which closed yesterday at
4S16c, opened at 1870 and gradually
worked upward until it reached 1890,
reacting from that to 1880 at the close.
May opened and closed at 491sc, selling
as low as 1920 in between.
The oats market was quite active at
intervals during the session, and alto
gether, fair business was transacted.
1t was thought that the liquidation of
long oats is now about over, and also
that the shorts have quite fully GOV.
cred. An easier feeling prevailed and
prices closed under yesterday last quo.
tdtIOuS, dt OSC oCllClSs AZ tlC
start it sold at 3211sc, later up to $3.50
3214c and down to 3lsl@31Tc. NortOn-
Worthington bought quite good many
oats. Carrington-H Hannah were selling.
| The provision market improved slightly,
due to some little covering of shorts
and halt i'll the selling pressure. Hog
receipts were 1900 head, aud 5000 are
estimated for Monday. Speculative
trading was light and prices at the close
showed an improvement of ~ cents in
pork and ~ cents i'll lard and ribs. The
latest quotations were S11.70 sellers for
January pork. S6.67 bid for January
lard and s.. 80 for January.ribs. Freights
were slow; corn to Buffalo. q cents. A
cargo of 100, 600 bushels oats was taken
at 81 cents to Buffalo.
| Cash quotations were as follows:
| Flour unchanged. Wheat-NO. spring
55M@56Ac; No. 3 spring nominal: No
red, 5l5s@521sc. Corn-No. 2, 505sc
No. yellow, 5056c. Oats-No. 2, 2714c
No. white. 31H03211c; No. 8 white
| 301s@3lc. Rye-NO. Q. 1880. Barley
No. 2. 53c; No. 3, 50@54c; No. 4. 500
sac. FIaxseed-No. l, SLAB. Timothy
Seed--Prime, IS. 5715. Pork-Mess. PEI
bbl, $11.S2h@12. Lard, per 100 lbs
$3.50. Short Ribs-Sides Qoosel, s6.3
@6.40. Shoulders--Dry sailed (boxed)
IS. 1905. S714. Sides-Short clear (boxed)
6.25(d6. 371S Whisky--Distillers finished
goods, Per gallon, S1.23 Sugars un
changed Receipts-Flour, 10000 bbls
wheat, e4.ooo blu; corn. 7A,0ao bu; oats