The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1897-11-17
MARKET SUMMARY.


CHICAGO. Nov 16.-Grain and provision
markets were again remarkable for their dull
ness today Wheat suffered somewhat from
liquidation. caused by the heayiness Of re-
ceipts in the Northwest, and closed at &c
decline Corn was easy and closed Ac9Ac
lower. Oats declined sc. Provisions were
dull. but irregular and closed at substantial
Iy unchanged figures.
Wheat was fairly strong at the opening,
especially for the December option, which
Ihowed 4 d2sc advance. May was un hansed
starting at 90Izc and a few small sales were
made at 9Oasca9O13c, but the market took
downward turn and in the next two hours
the price had declined to $3.50. The North
western receipts of wheat were very heaVy,
and that Cvershadowed everything else IN the
Wav of fresh developments affecting prices in
the first two hours. At the immediate open
ing the severe frost shown by the weather
map to be prevailing over large area OF the
winter wheat country caused enough puylhg
TO raise prices a triAe over the closing prices
of the day before, but that was soon forgot
ten under the pressure of wheat bought in eX-
pectations of a falling off in the Northwest
recefpts. Local professionals were for the
most part on the side of the bears. Duluth
received 2O46 carloads of wheat, 400 of that
number came from Minneapolis and had pre-
yiously been counted in the Northwest re-
CENTS and had been bought at 31ac premium
for Immediate delivery of contract grade. This
was overlooked, however. Minneapolis re-
ceiyed only the moderate number of AT cars,
although the millers and dealers Of that city
were likewise paying a handsome inducement
dc over December price, for country ele-
vator men to hurry their wheat to the front.
The receipts at the two big Northwestern mar
Ilets were ,473 cars, against 1,136 week ago
and S3S the corresponding day of the preyi-
Gus year. Chicago received 173 cars, compared
with PIT Tuesday of last week and 129 a year
ago. The stock Of contract wheat in Chicago
increased from $50, 900 bu to 1907 600 bu, an
addition during the week Of 672, 900 Blu. The
clearances of wheat and flour from the At
lantic and Gulf ports were equal to $3.50 bu.
Bradstreets figures on the change for the
week in the worlds visible made an increase
of 4 943 600 bu for the week, or about 100000
blu less than the addition expected. When
these figures were posted the market became
stronger, and May advanced to 90Ac, but the
bears were persistent and finally wore the
market out. The lowest prices of the day
were made in the last ten minutes of the
session, May declining to S9asc. 1t closed at
B91ac
Corn was dull and rather weak under the
Influence of heavness in wheat and the clear,
cold weather, the expectation being that. in
consequence of the latter, the country move
ment will increase. Pit transactions were
largely in the way of changing December deals
to May at a slightly increased spread. Re
cepts were ISL cars, Atlantic clearances, $780,
900 blu. Gables were unchanged. May ranged
from 297sc to 291acQ299sc, and closed Ac@asc
lower at 2914cg293sc Oats were quiet tan, and
steady compared with other grain markets.
There was good buying early by export houses
and selling by commission ISIS firms but that that
demand was again good. Receipts we're 49l
cars. May ranged from 213sc to 21ac, and
closed 1sc lower at 2l%c@21Bc. There was a
very good demand at 21%lc.
Provisions were irregular and dull. The
market started firm enough, helped by bet
ter hog market. There was a disposition
by longs to hquidate, packers selling mod
erately of January ribs. Prices slowly de-
cIined, but recovered later on liberal COM
mission house buying, especially of pork.
At the close January pork was a shade lower
at $50, January lard a shade higher at
Mt $42O6$4.2212. Estimated receipts Wednes-
day: Wheat, 100 cars; corn, $50; cats, zoe;
hogs, ,0G0 head.
The leading futures ranged as follows: