The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1897-11-19

CfTrCACO Nov. 1S.-Oat again led ire gram
market TODAY. Efforts Of shorts in December
n get under boosted the price OF thaU op'I'1
40 while Nav declined h@asc. wheat was
strong early. but broke sharply Iate III 'ns
session and closed $s@34c lower corn ci0Seu
unchanged for December, but Ac lower loI
Nav. Provisions were firm at shaue Ds''ei
prices at the close. alo
wheat onened weak and from Ac 10 fsc
lower for May and 1sc to 2sc lower lor DC
cern77ar. The reasons for the weakness "eie
from widely separated sources. lhele wa
but 1L02sd advance at Liverpool a ulsIlho1
diseDDointment in view of the TACT IhaI la
was added to the price here yesterday Inc
Cincinnati Price Current was rather Deal
tsb IN this weeks crop summary. Owing to
q mistake in the May quotations from san
Francisco it was made to appear that WheaI
for that delivery declined 712c per cental
Yesterday. That startling show of weakness
was supDosed to be due to poor export de-
,,,eud or some unexpectedly heavy racine
stocks. But these figures were after|ard
corrected TO show that the price had in reality
advanced 1lac and considerable buying was
insured by the correction. Oats got on
RAMPAGE at about the same time and remem-
herring the effect of yesterdays furry in that
market the buyers of wheat were all the more
vigorous.
May wheat opened at from 9O28Q9O98c as
compared with yesterdays closing price OF
9O2l a9O7sc During the first few minutes
trading the price settled to 90AQSO$Sc. linen
the market started on a recovery which re-
suited in an advance to 913s9911ac by noon
Receipts as Minneapolis and Duluth were 9l8
cars. against go last week and 581 a year ago
ard 90 last year. The Atlantic port clear
ances of wheat and -four amounted to $1,000
bu. New York reported good orders at the
opening there from England provincial ports.
Another radical change occurred In the sentl-
ment of the crowd without any fresh modl-
fcation Of the general market surroundings.
A scamper from under what was feared was
about to become falling market precipitated
the event and prices had a sudden drop in
the last twenty minutes Of the session. May
falling to 9Od9OBc and closing weak at 9O1Sc.
Germ vas fairly active at times. The early
market for May was easily Influenced by
wheat. but the good short demand for Deem
ber. urged on by the advance in oats, strength
ened the market considerably, especially De-
cember. The spread narrowed to 3Aq3$c
Receipts were 3S4 Atlantic clearances
were 337 600 bU. May ranged from 391sQ30Ac
to 29&46297sc and closed 14c lower at the
latter figures. Oats attracted as much at
tentiOn as yesterday, and big business was
transacted. There was anxiety on the part
of December shorts to get out and good buy
ing by parties anxious to increase their lines,
the result being higher prices in that option
almost from the start. The feature was
the reduction in the December-May spread
from IL at the close yesterday to &c today,
One prominent house taking on about 2000,-
600 bu December. May did not show much
strength Light stocks and a good export
demand were bullish factors. Receipts were
1893 cars. May ranged from 2234 @2214c, clos
ing AG9sc lower at 22$sc. December, how
ever, closed &c higher at 22c.
There was a fairly good trade in provisions
The feeling was weak at the start, probably
in sympathy with wheat. Commission houses
seemed plentifully supplied with buying
orders, and the demand from this source
made a firm market, the rest of the session.
though price changes were small. At the
close January pork unchanged at IS. 30.
January lard unchanged at $780, and January
ribs unchanged at $42713. There were small
gains for pork and ribs in other futures
Estimated receipts Friday: Wheat II cars;
corn, 80 cars; oats, 325 cars; hogs, 26, 900
head.
The leading futures ranged as follows: