The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1897-11-12
MARKET SUMMARY.
FINANCIAL.

CHICAGO. Nov. 1f.-Wheat today closed
l5d3sc higher for the May option, after sell
ing 115c below yesterdays closing price
1t looked for a time as if all of yesterday
&c advance was to be lost, but strong cash
markets and reported renewal of the Turko-
Grecian trouble repaired the mischief caused
by the weak cables and better Argentine
reports. Corn and oats closed substantially
unchanged. Provisions firm but very dull
and closed 5G714c higher.
Liverpool quotations, from Id to l12d per
GENITAL lower. were the features of the news
that opened the wheat market from 1 to l1sc
ner bu lower than it closed yesterday, there
being plenty of May offered at the start at
Sq8l MS97sc. The late advices from Argentine
Yesterday were such as to cast some doubt
on the report that there had been any con-
siderable damage in Argentine, and THIS was
confirmed by the setback the market received
at LIVERPOOL The result was that there was
a good deal Of liquidation on the part Oh
longs, who loaded up on yesterdays bulge
The receipts were again dtscouraSngiy heaVy
in comparison with those of the year before
and caused further weakness in the course
of the forenoon. Severe frost that might
harm 4 much more important crop than that
Of Argentine was foreshadowed in the re-
rort of the local signal service bureau, and
that fact gave the market the strength 1t
showed occasionally.
Chicago receipts were 1856 cars by rail and
96 200 bu by lake; the latter Mol northern
from Duluth. 1t was estimated that
contract stocks were increased about 2OO,OVo
bu today. Minneapolis and Duluth receipts
were $40 cars, against 1,O3l a week ago.
Western primary markets reported IN all
1.21OO 600 bu, against $4,000 bu the year be-
fore Export clearances for the day from
Atlantic and gulf ports were equal to 4oo'oVo
Blu. Yesterdays enormous export business
at the seaboard was fully confirmed, New
York supplying the details today of about
1.25O.OGO bu. Closing cablegrams reported
LIVERPOOL steady at Id decline for the day.
Paris was 20 centmes higher for nearby
-four and centlmes higher for March-AprlI,
Is centimes higher for November wheat and
unchanged for remote deliveries.
The market became quite strong IN the
last half hour The milling demand for wheat
improved considerably, and caused an ad-
vance of from 394c in low grades here and
MINNEAPOLIS reported a similar state OF az
r;.irs with regard to higher prices Tor low
grades. The port of odessa, or at least
the rivers down which the supplies OF wheat
are sent TO that place, were reported closed
bv ice Rumors that trouble had broken
out again between Greece and Turkey were
circulated on JHS HOOIJ anu aIoO h''o N0AA
siderable effect. Many of the early sellers
covered on the advance. The closing was
firm at GAc.
Corn was weak early, but closed strong
The government crop report was the early
influence. making the crop 1,911, 100000 blu.
This was a considerable increase over last
months estimate The figures were doubled
but had their effect nevertheless. The SELL
ing early was by yesterdays buyers, shorts
renewing lines they had covered The de-
mand for cash corn for shipment that de-
veloped turned the market strong and caused
q recovery of all the decline. Seaboard clear
ances were $4,000 bu. May ranged from
29%I6S03sc, closing at the latter hgure; oats
were easy during the morning Iollowlhg
wheat and corn. When these markets ad-
vanced, oats also displayed firmer tendency
There was 4 large shipping business, Whlch
helped strengthen the market. quite free
selling followed, but prices were well main
tanned. Export business here amounted to
200 OGO bu May ranged from % to 2lMc, and
closed unchanged at pc.
Provisions were very dull again, ana hue
tuations were extremely narrow. The mar
ket was helped at the opening by better
prices at the yards and later by the up turn
in grain pits. No features of interest de-
veloped. At the close. January pork was &c
higher at $S.40@S.4213; January lard, TIC
higher at $4.35@4.3712. and January ribs 21@
65c higher at $4.3713@4.4O. Estimated re-
ceipts Friday: Wheat, 80 cars; corn; $40 cars;
oats. 245 cars hogs, $1,000 head.
The leading futures ranged as follows