The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1897-11-24
MARKET SUMMARY.

CHICAGO. Nov. 23.-Grain and nr"v'S'~'
markets were all remarkable today for their
du2lness jump in Liverpool cables causeu
al opening asG5sc advance in wheat, ana
that was the only time the market sho"eu
p sign of even moderate activity. IL c-oseu
1565sc higher for May, and &c higher loF
December. Corn and oats were Almost me
less and showed very little change. FRO
visions made slight gains.
1t needed constant effort on tne part oil
nit leaders to keep any life in the wheat
trade and business is seldom smaller IMAM
II ruled today The market showed some
degree of activity at the opening. Liver
pooI opened I'D higher for spot wheat and
I'D for futures Private cables explained
That the Liverpool strength was on reports
pf Argentine crop damage. Still other cable
messages said the English strength was due
10 increased milling demand, buying OF car
voes nv the continent and Argentine rumors.
The Liverpool close was posted at q 10 .z2a
higher In fact, the ~caT,ies were so very
stif that the trade discredted the strength
claimed and tax of manipulation from TINS
side found believers. The Liverpool opening
strength, however, was responsible Tor the
advance at the start here. May wheat, winch
closed yesterday at 9O5sc, opened at from
D1lbc to 91AG913se and December showed
were. however, too heavy to permit the de-
ve,opment of any enthusiasm on account OF
the reduction in Argentine prospects, Min
neaDo,is and Duluth received 1,036 cars,
against J. 473 a week ago, but compared with
562 the corresponding day of the year be-
fore.
- The net effect of the news was to make
sellers scarce and prevented also the dis
posai of any great quantity OF long wheat at
the advance. Fresh buyers at the improve
ment were likewise scarce. Infrequent iuc-
tuations within narrow range were con-
sequence of the mutual tim-dity of buyers
and sellers.
The export clearaEces of wheat and flour
were equal to coo bushes. Bradstreet's
visible supply statement reported an increase
in this country, east of the Rocky noun
tains. of $1,000 bu, and an increase in and
afloat for Europe of 2,6G0010 Blu, total ad-
dition to the worlds stocks of 3,296,OO0 bu
The acceptance of thirteen boatloads of sam
Die spring wheat offered by local firm to
Liverpool the night before was reported early
in the day. and five boatloads in addition
were sold for shipment later. New YORK
reported a fair export Inquiry and twenty
two boatloads were worked for export there.
and reported half an hour from the c.ose.
The fly in the ointment OF the bull situa-
ton was, as before, the heavy domestic
receipts At primary Western markets l.
1885, 900 bushels came 10 hanu, compared with
only 467 900 bu the corresponding day of LAST
year. May sold down to 9OAc during the
morning, but slowly recovered and Closed
firm at 91Ac. ti.w s<ae
Corn was dull and without particular in
terest Elevator people solu and prices SUI
fered ntu.e at times, though showing hard
ly any change at the close. Every one re-
ported freer country offerings. Receipts were
large III cars. Cables were Ag9sd higher.
Export cIearances were $50, go bu. The buy
ing was professional, mostly covering by
291ac, and closed unchanged at 2942@3sc.
Outside OF a moderate amount of changing
over of December there was little done III
oats. This depressed the former price and
he'd the latter steady, the spread narrow
ing to 112c. As usual a good cash demand
existed, 100000 blu selling here and 10000
blu az the seaboard. Receipts were 525 cars
May ranged from 221s022Ac to 21A@22c, clos
ing a shade higher at 22Bc.
A very light business was done in pro-
visions. Heavy receipts Of hogs here and
at western points gave the market a down.
ward tendency at the opening and the mar
ket inclined that way all day. Packers sold
little and small outside holders did some
realizing. The shipping demand was good
AT the close January pork 10c higher
at $S.1212c; January lard, sc higher at $4,000
4.2212c, and January ribs, sc lower at S415
Estimated receipts Wednesday,: Wheat, 152
cars; corn, 425 cars; oats, $40 cars; hogs
$4,000 head.
The leading futures ranged as follows: