The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1897-11-16


CHICAGO, Nov. 15.-Dullness was the most
noticeable feature of all the grain and
provision markets today with the excep-
ton Of provisions, prices did not change
much. Wheat closed &c higher, corn &c
lower and oats q shade higher. Provisions
suffered from liquidation and closed 712G15c
lower.
For the first two hours of trading in wheat
the market was an unstable one, with a
range for May from 905sc down to 8924c. Open
ing strong at O2sG9OKc, as against Satur-
days closing price of soc, May sold for an
instant at 905sc, the high price of the day,
then declined under the only really heavy
selling, which took place during the session
to $3.50. 1t rose again to 9012c, but by II 80
had declined TO S9alc. The chief reason for
the strength at the start was that Liver
poor was I'd higher, notwithstanding the
drop in price at the end of the week here.
There were some other reasons, however
that had more or less to do with it. The
weather bureau predicted an unfavorable
change. Since Saturday it had been moist
and mild, and generally about as helpful
to a weak plant as could be wished at this
late period of the year, but the thermometer
in the extreme Northwest marked 10 below
zero this morning, and a considerable drop
from recently comparatively high tempera-
lures in the winter wheat country was the
prediction for tonight. The London Times
estimated the damage by frost to the Argen-
tine crop at 10 per cent. The receipts in
the Northwest gave some indications of feel
ing the effects of smaller deliveries from
farmers. Minneapolis, compared with the
Monday previous, had 1853 carloads less. The
days receipts at Minneapolis and Duluth
were 1866 against 1,G3S the Monday proceed
ing and ,259 the corresponding day Of 1896.
Chicago receipts were 113 cars, against 81
last year, but in addition to rail receipts
was a cargo of 10000 bu by lake The total
receipts at Western primary markets were
1,457 GOO bu, against GOO blu year ago
Atlantic port clearances were 900 900 bu in
wheat and flour. The quantity of wheat
on ocean passage was increased 10000 blu,
and the shipments from all sources to Europe
last week were 9,2O1 geo Blu, against 9,247, 600
bu the previous week. This latter item had
good deal to do in causing the selling
which resulted in the decline after the open
ing. The visible suppl, statement was an
additional source of weakness. 1t showed an
increase Of 1884, 700 bu. During the latter
part Of the session trading was very dull,
though prices showed more steadiness. Liv-
erpool closed Esd higher. The Corn Trade
News predicted an immediate falling off in
Russian shipments as a result of ice. The
strength with which December was main
tanned gave the market much needed support
at times. May was bringing 90Ac at the
close.
Corn was dull with very little doing be-
yond changing December to May, and even
that taken in limited quantities, elevator
people were the most conspicuous sellers.
The feeling was easier, more from neglect
than from any statistical influence but price
changes were narrow. Receipts were 1893
cars The visible supply decreased 1864, 900
blu. Cables were I'D higher May ranged
from SOC to 29% G297sc, and closed 1sc lower
at 29Bc. The market for oats was very
similar to corn in the character of its trad
ing, very little being done beyond exchang-
ing, selling December and buying May at
about 134c premium for the latter. Prices
averaged a shade better. The cash demand
was not so urgent. Receipts were 447 cars
visible supply decreased 1,104,0O0 bu. May
Hanged from 22c to 21%Q217sc, closing a
shade higher at 21%@22c.
Provisions were slow, with prices weak
Lower prices at the yards were responsible
moderate selling by packers kept prices on
The down grade Shorts were the principal
buyers. At the close, January pork was 12la
g15c lower at $S.20QS.221a; January lard ~
910c lower at $4.25, and January ribs 71a@1Oc
.ower at $4.2212.
Estimated receipts tomorrow: Wheat, 10
;ars corn, $50 cars; oats, 465 cars; hogs
3 900 head.
The leading fI1tures RANGED as follows.