St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1894-10-02
HALF-HEARTEO Bulls
They Failed to Take Advan-
tage ofStrength in Grain
Markets. !.
..i..
WHEAT STARTED OFF WELL.
But the Increase in thu Visi-
BILE Knocked Out the
Advance. $50.
HEAVY SELLING OF STOCKS;
The Pressure on Sugar Being
Notable--Big Breaks IS i
Recorded. {
HEAVY SELLING OF STOCKS;

CHICAGO. Oct. 1.-Wheat attempted
to advance today. aided by lighter re-
ceipts and better cables, but was hit
hard by the big increase in the visible
supply and closed unchanged for De.
cember. May corn closed sc higher,
May oats unchanged and provisions at
slight declines.
Wheat got a good start from the favor
able nature of the early news affecting
1t. The foreign markets were all quoted
somewhat higher, the receipts here and
in the Northwest were comparatively
small, and there was substantial de-
crease in the amount on ocean passage.
Another material advance in the visible
somewhat cooled the budding enthusi-
asm of the bulls as the figures were be-
ing received. Primary market receipts,
including those at Kansas City, were
only $4,000 bushels, and export clear.
ances from Atlantic ports since the pre-
ceding report cleared the equivalent of
42O,0 900 bushels. A dispatch from San
Francisco reported 10000 tons of the
syndicate stock of wheat there as having
been posted as weevily. That was
generally regarded as bul!sh point.
Stocks in Liverpool are 100000 bu
smaller than they were OH Sept. l. The
visible supply increased 1924, 600 bu
last week, and now amounts to 7l,4l3,0 900
bu against 60,52S,o0o bu a year ago
Chicago stocks In regular elevators are
$4,000 blu less than they were on the
previous Monday. December started
strong at sac against 53$4(9537sc at the
close on Saturday, and continued firm
until the increase in the visible began
to force itself upon the notice of the
crowd. Partridge and Leeming were
free sellers at above 54c. supposed to be
for Rosecranz, and dwin-Farnum
were liberal sellers also for New York
principals, it was guessed. The adj
vance eliminated at SAC, and after
ward the price receded to 535s953S4c.
Closing cables were firm, with the eX-
ception that one very reliable private
Liverpool message said:
"HolderS unable to sustain the ad-
vance," December at the close was at
53Tc. s-'--
Corn was firm at the opening and con-
tinued strong during the greater part of
the session, although the full amount of
the early gain was not retained to the
close. Receipts We're smaller than had
been estimated OH Saturday, and the
estimates for tomorrow were even
lighter than today's receipts. That APP
parent confirmation of what had pre-
vlously been heard of diminishing
receipts at interior points was the main
cause of the stronger tone which pre-
vailed. The visible supply increased 49,
900 bu compared with an increase of
AL. 900 bu OH the corresponding week Of
last year. Chicago stocks are 2.242. coo
bu, or 2S9000 bu more than a week ago.
and the total in the visible is 1850
bu, compared with sou 900 last year.
Cash offerings were very light and the
demand for lots of No. 2 III store good.
May opened at from 504c to 505sc, ad.
vanced gradually to 5l1sc, and then
declined to 503sc, closing at 503s950$4c.
The oats market was fairly active
throughout the session. Shippers were
taking the greater part of the stuff,
most of which was being handed out by
local parties. Carrington-H Hannah dis
posed of a good deal. May was taken
to-day and cash being disposed of. Val
off later. AT the start it sold from $3.50
to Sac, touched 341sc and sold down to
$3.50. Sympathy with corn and free
offerings were principally influential in
causing the decline. May closed at
1890.
The provision market was quiet and
rather firm until about twenty minutes
before the close. when prices broke on
free selling and left the market lower.
The receipts of hogs were $4,000, and
only $1,000 are estimated for tomorrow.
Pork for January sold at SC above Sat-
urday's closing price, but later broke
1870, and at the close SC decline was
established for the day. Lard and ribs
pursued similar course, with loss of
SC each as the result.
Freights steady at &c for wheat, 1870
for corn and 11lc for oats to Buffalo;
11sc for oats to Midland, 21sc for corn
to Kingston.
The leading futures ranged as follows: