The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1897-10-20
MARKET SUMMARY.


C111cAco Oct 19-The most notable
change in the wheat market today was an ad-
vance of nc per bu in May, while December
declined 1bc. That represents the style OF
tho davis operations Of the bull clique. Ihey
annesred TO be sellers of December every
time it got up to 911sc, and buyers Oh May
on all the weak spots. At the close May was
only 1sLc below December, instead OF &c, as II
was Saturday. Corn was heavy under con-
tinued liquidation by small holoers' anu
closed 1b@5kc lower. Oats declined ssc. FRO
visions were weak under renewed yellow 1e-
yer reports, and declined 5Q15c.
Liverpool sent very discouraging quotations
at the openeing of the wheat market here'
more especially for spot wheat. Calllolliia
was reported I'D per Genital lower reu wiz
ter I'D lower and No. l northern spring ~
lower Futures were less radically "eah'
showing only 3s@1ad decline A private capie-
gram said the market at LlVerpool was ue-
dressed by excessive supplies ana lack vi ue
mand. This weakness abroad was suIhcien'
to cause an easy feeling at the opening De
cember starting at 90%@9O7sc, as colhpareu
with Yesterdays close of 9lq9I1sc. An III
nrees;on prevailed that the death of Pullman
would cause the selling out of some Wheat
which it was rumored he was long or at
onening weakness and the subsequent silgnI
decline Trading all morning was scattered
and inconseouential, and this fact MADE II
eosv for news Of an ordinary character 20
,nAuence prices. Minneapolis and Duluth
receints showed some tendency toward reuuc-
ing the number of cars reported there Uou"y
being 100, against 12G last week ana 1'o''
on the corresponding day last year. engage
receipts were 200 cars against Zfl last year.
Atlantic port exports were, IN wheat 'nu
-four 535, COO blu. A renewal OF drought uahi-
oge con,nlaints from Argentine helped to start
q little rally about an hour from the opening
and December, which had been selling at
sOssc. advanced to 91Ac. The prices SLOWLY
sagged off again. The bull clique, Whlch mas
been steadily disposing of its holdings lately
was seller of December again TO-DAY every
time that month showed signs OF lie anu
q buyer of May. The consequence was ma
teriaI lessening of the spread between those
two options. One bullish factor, which was
anpareptly overlooked, was the small In
crease In contract stocks for the week, only
1900 bu being added to the $4,000 blu on
hand. After the advance to size December
eased off to 9O5hc. This was followed by an
other advance to $3.50, but liberal selling
nounded prices down again to 9OBc. Decem-
Der closed at 907s@91c.
Corn displayed more weakness than at any
time since the present decline began. mere
was little covering by shorts carry IN tne
session. but the majority OF the snoFts anu
there are plenty OF them, held alooT. OuS-ue
of that the market was almost without sup
mort. Elevator selling was prominent early
and was reinforced by commission house Oh
ferings later. Weak cables, liberal receipts
S35 cars-and poor shipping demand, all
consributed to the weakness. December
ranged from 261Ac to 25S2c, closing 12Q9sc
lower at 259sc. Oats were weak, with corn,
selling off 8sc and closing at the bottom. A
lack of speculative trade helped to create the
weak feeling which ruled throughout. East
ern houses were good buyers early, but
after their demands were satisfied sellers
had some difficulty in disposng OF their OF
ferings. Shipping demand showed a falling
off Receipts were 405 cars. December ranged
from 1916 to 1880, and closed at the lat
ter price.
Yellow fever again resumed its sway over
the provision market and caused it to resume
the weakness it appeared to be emerging
from yesterday. Reports of the appearance
of the disease in Mobile caused a weak open
owing to the filling of few orders, but
liberal selling soon started, many who had
bought yesterday disposing of their lines
again. and a sharp decline followed Toward
the close the feeling improved somewhat
with a slight rally in prices. December pork
closed 121a6D15c lower at $775, December lard
&c lower at 81 321a and December ribs 10Q121ac
lower at 81 4714. Estimated receipts Wednes-
day: Wheat, 40 cars; corn, 575 cars; oats,
go cars; hogs 81, 900 head.
Tho leading futures ranged as follows: