St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1894-10-30
WHEAT OPENED STRONG
Declined Later and Closed at
Opening Figures--Pro-
visions Higher.
ACTIVITY IN STOCKS,
With Coal Shares Prominent
buyers We're in Evil
dence.

CHICAGO, Oct. 29.-The wheat mar
ket today was to all appearances sus'
tanned by firmness in corn. Wet weather
caused the strength in the latter. Wheat
is unchanged in price at the end, but 1t
averaged lower for the day. Corn is
&c higher for May, &c higher for DC
tober and November, 1c higher for De-
cember. Provisions are slightly higher
and oats nc higher.
Wheat was wanted for few moments
at the opening at shade over Satur-
days closing price. but the demand was
quickly supplanted by a pressure to
sell. December. which closed Saturday
at 521sc bid, sold at the start at from
521sc to 5a14c. and May, which wound up
last week at 561s957c, opened with
buyers at from $3.50 up to 577sc.
AS the result of an hours
trading, December declined to 51&@
5l5sc, and May to 561a@563sc. The
sh0rtlived firmness at the start was
chiefly due to bullish feeling in the corn
market, but as the cause of the strength
in corn should really have had an OPP
posite effect on wheat, seeing that it
badly needed for the lately sown wheat,
the latter market soon went on down.
ward course, indicated by the quota
tons. The foreign markets were all
firmer at the opening, with the eXcep-
ton of Liverpool, which opened weak.
Beerbohm's reported an increase
of 72.0O0 bushels in the quantity
OH passage during the week.
Minneapolis and Duluth receipts were
1891 carloads, compared with 1,779 cars
on the corresponding day of last year.
Business was more active than for
few days past. The disposition to buy
came back with renewed force after
the decl ne. due to growing firmness of
corn. The primary market receipts
were 1,132.OOO bu. 93l 900 bu of which
were at Minneapolis and Duluth. Ex-
port clearanceS from the Atlantic sea-
board amounted in wheat and flour to
312 600 blu. The visible increase was
about as expected, ,531 200 bu. compared
with an increase of 2,S49.000 bu last
year. Tue early loss was recovered.
and at the close 5216c Tor December and
56Nc for May were the trading prices.
The break in the dry weather post
corn into the contract class. That was
the chief factor in the days proceed
ings in that market, aud OIL its account
the price got hoist Of from NC to sc
immediately at the opening, and it had
another u rise in the course of the
forenoon. That refers to the May, which
is the chief speculative future, but the
nearer deliveries. although traded in to
much more limited extent. were more
radical in their fluctuations. NOvem-
Der rose nc per Blu as soon as the mar
ket opened, and in very short time
thereafter it was wanted by the
anxious shorts at 119c advance, but
quieted down later to 52c, or NC over
its value on Saturday afternoon. May
touched $500 soon after The opening,
then reacted to 5U1s@5O4c, after which
it sold up to 50@c. Ii sold again down
to 5O1sc, but wound up firm at $500
5O3Sc. November sold off to 5l5sc at the
close.
In oats there was fair business
transacted. and the market was shade
firmer. Sympathy with corn was the
principal cause, although the disposition
To buy was more prominent than 10 sell.
Outside business did not amount to
much, although some orders were filled.
The demand was principally local. and
10 important sales were effected. Ma,
started at 3211sc. sold down to SIC and up
to 3214c, where it closed.
Provisions were inactive but firm, and
closed slightly higher than Oh Saturday.
For January delivery pork is sc higher.
and ribs are up 21sc. Receipts of hogs
were 5000 instead of 10000, as looked
for on Saturday. The fluctuations in
wheat and corn appeared to govern the
slight changes which occurred during
the day In provisions. Hog receipts for
tomorrow are estimated al $4,000 head.
Freights dull; small lots or grain 1c to
Buffalo. Outside boats offered at 5sc.
The leading futures ranged as follows: