The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1897-11-30
MARKET SUMMARY.

CHICAGO. Nov. 29.-Wheat was weak at
the start today, and hardly changed except
for the worse, as long as the session lasted.
At the close December was 134c lower and
May 11s61Ac lower. Weak cables and heavy
worlds shipments were the main factors in
the decline though the extreme dullness of
trade contributed not a little toward the
weakness. Other markets were weak in sym
pathy. Corn lost PC and oats 1sc. Provisions
closed unchanged to &c lower.
Bulls in wheat were given a body blow
right at the start by the enormous worlds
shipments which, including India, amounted
to 9113,O0O blu. The effect was seen in the
opening figures, May starting 1sc lower at
915sc and slowly declining to 911sc 1t re-
covered for a short time to $3.50, but soon
turned weak again. December was even weak
err, -1Stortizae VI lower at 971Ge and selling or
without a stop to SIC. In neither option was
there anything but scattered liquidation, but
there was an almost utter lack of support,
and decline was inevitable. Liverpool was
ed lower to start with, due, 1t was said, to
the unlocked for increase in Russian ship
ments. which last week amounted to 1856, 600
bu The quantity on ocean passage was also
reported 1920 900 blu heavier than 1t was
week ago, and the Northwestern receipts
were still too liberal to be other than bear
ish in their effect, although Minneapolis and
Duluth reported l. 443 cars, against 1876 the
Monday preceding, but todays reduced num-
Der was still 1908 cars more than o. the
corresponding day of 1896 Only one feature
of the early news affecting wheat was con-
sidered favorable to the bulls, and that was
the big drop in the temperature. But this
was almost entirely overlooked. Primary
market receipts were also as encouragingly
heavy to the bears as at any time during
the season at 1,524, 1872 bu for the day, against
els, $50 blu year ago. Chicago also contrbut-
ed it's quota of bearsh statistics. Receipts
were 1874 cars, against only II last year. Lo-
cal regular elevator stocks increased $4,000
blu. The visible supply increased $4,000 blu
last week, compared with decrease the sim
liar week a year ago Of 1,057,000 Blu. The
total visible now is SO, 65SOOO Blu, against S.
914 0C0 bu last year.
Figures on the export movement arrested
the decline for time Atlantic seaboard
clearances since Saturday amounted to 100000
bu. Paris advices to st. Louis we're to the
effect that France would require about 20, Co.,,
000 Blu foreign wheat between November this
year and Sept. 1, 1898 The English visible
was estimated to have decreased IA, 900 Blu,
notwithstanding delit%1es from English
farmers last week were much heavier than
usr1ra-. After the posting of the closing Liv-
erpooI cables which showed 1A@11ad decline,
loTsa G-aat began dribbling out again. May
geS2SS1fy sold down to 902sc, but was bring
ing 903s090%c at the close. December de-
clined to 96c and closed at that price
Corn was easier from the start. The ac-
ton of wheat and a I'd decline at Liverpool
were chiefly responsible for the course Of
prices. Elevator interests were moderate sell
lers of both December and May, and there
was quite general selling of December by
commission houses Shorts were the princi-
pal buyers. Receipts were 377 cars. Atlantic
ened to 3%c. May ranged from 291aG295sc to
29d291sc and closed re lower at 291sc. Oats
were dull and embarrassing, though steady
in comparison with the other grain markets.
Business consisted chiefly of changing from
December to May, and not much of that. The
break in wheat had a depressing effect but
trading was too narrow to admit of much de-
cline. Receipts were Ats cars. The visible
supply increased 253, 900 bu. May ranged from
22q223gc to 217sc, and closed 1sc lower at
HBG 22c.
Provisions, though very dull were firm
during the greater part of the day at prices
averaging a little higher. Hog prices were
higher and foreign advices were more favor
able. Toward the end the market felt the
prevailing depression in the grain pits, and
settled back some, though closing steady. AT
the close January pork was unchanged al
S8171a, January lard sc lower at $4.2212 and
mated receipts Tuesday: Wheat, 25O cars;
corn, S25 cars; oats, 600 cars; hogs, $1,000
head.
The leading futures ranged as follows: