The Saint Paul globe., 1897-11-04
OATS ALONE FIRM
FINAI. PRICES OFF IN ALL THE
OTHER CHICAGO sPECULA-
TIVE MARKETS.
BRADSTREETS TO BLAME.
LARGE INCREASE IN THE VISIBLE
SUPPLY REPORT TURNED
THE TIDE.
WHEAT MAKES EARLY RISE.
Net Loss in December for the ses-
sion Not Far From n Point
Corn Weak.
MARKET SUMMARY.
FINANCIAL

.- CHICAGO. Nov. 9.-After ruling fairly
steady all morning, wheat turned weak anu
closed at declines of 3sG%c for December anu
1611kc for May. A large visible increase anu
disappointment over the export puSlHeSs
which was reported very large early IN uhe
session. were in the main responsible 1or
tbe selling and consequent decline. Corn was
also weak and closed 1ac lower. PROVISIONS
closed q shade lower. Oats alone OF all the
markets were firm and advanced AQ4Sc'
Traders in wheat had evidently not forgot
ten Shows report on the winter wheat con-
dftion. which was given out yesterday An
advance Of &l07sd at Liverpool before uaolne
commenced here was probably due IN large
mart to the threatened winter wheat disaster.
December which stopped at 96c yesterday
was wanted at the opening at from 961sg964sc
and Nav. the previous days closing price OF
which was 931bG936se, found buyers at from
941bG941Lc. New York kilograms reported
liberal acceptances both from the United
Kingdom and continent of offers cabled the
night before One firm had buying orders at
the opening from Paris and Antwerp lot
about 900 600 bu May wheat. A railing OIL
in Northwest receipts was a factor. Chicago
received 125 cars. Minneapolis and Duluth
reported 81S cars. Last week 766 were re-
ceived. Receipts for two days last year one
a holiday, were 2,O65 cars. Seaboard clear
ances were equal In wheat and flour to 6T7,-
600 bu. Spot wheat in Liverpool was firm at
I'D advance. Bradstreet's report OF the
worlds visible made the increase in this coun-
try east of the Rockies, 900 bu, and in
Europe and afoat an increase Of 2,2OOOoO bu'
Or 900 in all,
The market up to the time Of the re-
eeipt Of Bradstreets had fuctuated over
ol,r
rs high as 967ac and as low as 96Ao, but 1t
turned very weak after the receipt Of Brad
streets report. finally getting into a state OF
utter collapse. Early in the day IT was
claimed in a loose way, that 1,000,0 900 bu had
been sold at New York and outports for early
foreign shipment but later that was known
10 be gross eXaggeration-their actual sales
being not to exceed 40 boat loades, or $780,,
900 bu. Even that was said to include the
IA loads reported the day before. A private
cablegram from Paris, reporting re-sellers
of American wheat at DO lower than 1t was
being offered from here was probably what in
duced some of the unloading Of long wheat
that started the last break. December sold
as low as 951sc and closed at 951&Q952sc. May
declined to 92Ac, and was bringing 92h at
the close.
Corn was very slow. The market was fairly
uTIu Wull6 WHEAT kept GDON0 ytoItEudy
prices, but when that market declined corn
slid off with an ease that was somewhat sur
prising, Light receipts, 268 cars, had some
influence on the firm opening There was
considerable December for sale and a slight
widening of the December-May spread result
ed. Shipping demand was rather poor. Cables
were I'd higher. December ranged from 267A
to 26Ac and closed 1ac lower at 26Nc. Oats
were stronger than anything on the floor
and good trade was done. The buying was
quite general, an excellent cash demand
heavy seaboard clearances, 962, 600 bu for two
days and small receipts, 1863 cars, all helped
to create firm market. The market fell
back little later in the day, but the closing
was strong at a good advance. December
ranged from 1874 4G1914c, closing AQ3sc higher
at 191ac.
Provisions we're steady during the early
morning. The yellow fever situation was i'm
proved by frost. Packers, however gave the
market no support and prices gradually
weakened, although no material decline en-
sued. Trade excessively dull. At the
close December pork was 21a6D5c lower at
%.59Q75712; December lard a shade lower
at $4.2OGI4221a and December ribs unchanged
at $4.45. Estimated receipts Thursday: Wheat,
l$O cars; corn, 240 cars; oats. 270 cars hogs,
81, 600 head
The leading futurec ropoad a.. foIlou,,.