The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1897-11-09


CHICAGO. Nov S.-A sharp break at LiY-
erpool caused an opening decline OF 10112c
in wheat today. The market did not stray
far from these figures. December showed 11sc
decline at the close A heavy visible increase
was a bearish factor. Other grain and pro-
vision markets were firm corn and oats ad-
vancing Il ceach while provisions closed un-
changed to re higher
Wheat made a drop at the opening of about
115c per bu compared with the price it closed
at Saturday. The Liverpool market opened
I'D lower. and had declined 3sc more by the
time trading commenced mere, this in face
of a &c advance here Saturday. Receipts
everywhere greatly exceeded last years, l.
$4,000 Blu being reported at primary points,
against 100000 bu last year, while Mime
apols and Duluth receipts amounted to 1888
cars, compared with $50 last week, 9S3 last
year. Selling was quite general at the open
ing several stop-loss orders being recorded.
December started at from 9212493c, against
Saturdays closing price of 94c. A few sales
were made at 93Ac right after the opening,
then prices sagged off again to 9213c. After
the first half-hour trading became very dull,
and prices kept within &c limit for the re-
mainder Of the session.
An explanation of the Liverpool weakness
fine prospects for the Argentine crops. There
were rains throughout the winter wheat belt,
and more indicated. Later in the day an adj
dition to the previously Plentiful bear news
was made by the publication of the visible
supply statement. 1t showed an increase of
2,072 600 blu, compared with an increase a year
ago on the similar week of ,243, 900 bu. There
was an increase IN the quantity afoat for
Europe Of 100000 blu. The worlds ship
mentS fer the week amounted to 9,347, 900 bu
inclusive of 272, 900 blu from India. The Eng
lsh visible increased 81, 600 blu. Reports from
st. Louis said that bids sent to the country
Saturday for wheat had all been accepted.
The market was steadied IN a measure by
the heavy exports-S02, 900 bu-fair withdraw
ais from store here and stronger French mar
kets. Paris wheat was steady to 20 centimes
higher and flour advanced 15Q2Oc. Antwerp
was unchanged. New York reported 100000
blu taken there and at outports Saturday and
5S loads today. The India shipments, G2000
bu, were something of a surprise to the trade.
The worlds available supply is expected to
show an increase this week of about 6,000,000
bu, the increase last year being 1891 900 Blu.
Northwest markets ruled very weak, and ex-
erted considerable influence on values here
later in the day. December was bringing
SZtsC at Jne close. May was weaker Inan
December; it ranged from 90Ac to 90c, and
closed at 9014 09O$sc. a decline Of 13s014ac.
Corn was steady, helped by an excellent ex-
port demand at the seaboard. New York re-
ported rs loads taken for export. This caused
the market to soon recover from the slight
opening decline. Other strengthening factors
were the light receipts ass cars, and the
r2ins West, which were expected to still fur
Their diminish the movement. The visible de-
creased $50, 900 Blu. The market as a whole,
was quiet. There was something changing by
elevator people, who took December and sold
May. December ranged from 263sc to 257sc
and closed sc higher a t26Ac Oats were
quiet, the bulk of the business consisting Of
changing, selling December and taking on
May. The feeling was firmer on the eXcep-
tional cash demand here and at the seaboard
The visible increased q, 0G0 Blu. Local stocks
however, decreased 613, 600 blu. Receipts here
were 379 cars. December ranged from 1890
to zoe to 1912c, closing 1sc higher at 1870
1880.
Provisions were very dull but steady. Hog
receipts were 5GG1 less than expected, and
yellow fever news was more favorable. Open
ing prices were at a slight advance, which
was maintained to the close. Fluctuations
were very narrow in consequence of the small
amount of speculative trading. December
pork closed 715c higher at $7.65, December
lard 212c higher at S4.271A, and December
ribs unchanged at $4.45. January ribs showed
a slight improvement. Estimated receipts
Tuesday: Wheat, 10 cars; corn, 600 cars
oats $40 cars; hogs, rs, 900 head.
The leading futures ranged as follows: