The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1897-11-13

CHICAGO, Nov. 12.-Wheat started weak
today. but closed with an appearance of
strength and activity, May Zee lower and De-
cember CSC higher. The December option
was helped by the fact that some Of the Du-
luth wheat being shipped here Is missing
grade Reports that farmers deliveries in the
Northwest were falling off was the bull factor
in May toward the close. Corn closed a shade
lower and oats 1sc higher. Provisions were
weak and closed 2139712c lower
Wheat started with sellers OF May at from
Gle down to 902lc, and very little changed
hands at over 90Bc. This was compared with
yesterdays Closing price Of size The failure
of the Liverpool market to respond to the
bullish tone with which this market closed
the day before, was chiefly responsible for the
&c decline. That market opened at but 40
I'D advance, and had even lost this by the
time trading commenced here.
Northwest receipts were large as compared
with last years figures, Minneapolis and Du-
luth reporting S21 cars, against 949 a week
ago and 454 last year. Chicago got "a cars
today, IA a week ago and 40 the similar day
of the year before. New York wired shortly
after the opening that they had selling orders
there from the continent for December wheat,
but other New York messages said private
cablegrams from the continent were firm in
their tone The price gradually sank and
touched 90hc before it had over Bc rally. 1t
did, however, recover to 91Ac by about L
o'clock without receiving anything strikingly
encouraging in the way Of additional informa-
ton. The Atlantic and Gulf ports returned
olearances for the day of $4,000 blu in wheat
and flour together. The total receipts for the
day at primary Western markets amounted
to 1,052 GOO bu, against 541, 0CO blu year ago.
Minneapolis stocks of wheat for the week
are expected to show an increase Of 100000
bu, and Duluth an increase of 100000 Blu. The
general guesses here on the change In the
weeks visible ran from 1000, 600 bu to $780,,
000 Blu increase.
The weekly review Of the situation by the
Modern Miller was rather bearish, but on a
tip that preceded its details that it would be
bullish in tone, buying started that put the
price from around 90%g91Ac After receipt
Of the Modern Miller report, the price sagged
back to 90%e, but near the end OF the session
assurances from most reliable sources in the
Northwest were received to the effect that
there was a marked falling off in farmers
deliveries. That information and the fact
that some OF the Duluth wheat which has
been shipped here lately Is missing grade
caused a sudden revival Of the markets
previously waning strength. December, which
was hanging neglectedly around 9319c, re-
spOnded to the bidding for limited quantity
by sudden squirt to 943sc, and May from
around s09sc, rose to BIC. closing trades
were at 9414c for December and 9OAo for
May.
Corn was weak during the morning. Later
in the day the market was supported by the
urgency Of the shipping demand. Gables were
M09sd higher Receipts were 372 cars. May
ranged between 30a4c and soc and closed
shade lower at SOAq3O9sc. During most Of
the session oats were dull and easier. Re-
ceipts were 264 cars May ranged between
22lsc and 217sc, closing &c higher at 221sc.
Provisions were decidedly dull and weak.
Prices were slightly higher at the opening on
close January pork was 5Q71Ac lower at 1886;
January lard 212c lower at $4.321a@4.35, and
January ribs sc lower at $4.32B@495 Estl-
corn, 4SO cars oats, 800 cars; hogs, 10000
head.