The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1897-10-19
MARKET SUMMARY.
FINANCIAL

CHICAGO Oct 1S.-Wheat today closed at
l3aGDl1.c decline 1t WIS very marrow mar
ket. and the weakness was not so much due
TO any new features of the general SITUATION
as to the smaIiness of trade and the selling
by the bull clique of about go, 900 blu long
wheat. Corn very weak on the heaVy
receipts and visible increase. and decaneo
M0$4c Oats declined &c Provisions, on the
contrary were strong on good covering, ana
closed 712@15c higher
Wheat was rather weak at the opening,
December starting at 921s@92Ac, as com
pared with Saturdays closing price OF 9212c.
Offerings were not heavy, but there was an
even smaller demand, the result being slow
decline to 91A@91Nc. The Liverpool wheat
market responded indfferently to Saturday
advance here quotations at the opening SHOW
ing the modest gain OF I'D per Genital That
had a tendency to make the local pulls eau
tious at the opening here, and to CORE
Bpondingly encourage the bears Other bear
lsh features were the generous rains in the
West and Northwest and the consequent i'm
provement in winter wheat prospects, liberal
Northwest receipts, and the heavy worlds
shipments for the week. 9,500,C00 bu Min
neanolis and Duluth received 1,494 cars,
against 40 last week and 1, GAP on the cor
responding day a year ago. After the de-
cline to 91%@91Bc the market lazily swung
around in the opposite direction, and up to
the time of the receipt of the closing Liver
pool cables ruled fairly steady at around
92A @92ssc
Chicago receipts were 1874 cars, against 21O
expected, and the amount inspected out OF
store was 13S 600 blu. The quantity on ocean
passage increased only 100000 Blu, notwith-
standing the heavy shipments for the week.
Russia's contribution to the latter total was
BIG 600 bu, compared with 100000 bu the
previous week. India sent $4,000 blu. Paris
was unchanged at the opening for wheat ana
40 confines higher for nearby deliveries OF
-four. The increase in the visible was oniy
l136 600 blu, compared with 2,374,00O bu IN
crease in the year before. The present total
is q, $3.50 eco bu, against 57,lS2OOO ou year
ago The English visible decreased $4,000 OIL.
The Atlantic port clearances for the day were
liberal, amounting to the equivalent OF g.
z5O 600 bu. The continental markets closed
firm, Antwerp showing 121A centimes rise and
Paris 10 centimes. Liverpool closed un-
changed to 1ad lower than Saturday. Tn@
market had begun to decline about the time
this came in and the loss of the early ad-
vance at the foreign market accumulated Tue
weakness Selling of long wheat, generally
accredited to the old bull clique, became
quite a feature near the close, and had the
result of pounding December down to 9lc.
The close was at 1sc recovery.
Corn was rather spasmodic, ruling dull and
Inactive at different periods, but with the
execution of a brief interval shortly after the
opening. was weak all day. The opening
was weak on the heavy receipts, 1,lS9 cars
The market rallied little with wheat, but
when the demand from shorts ceased, winch
was the only support of consequence II re
,eiyed, prices sank rapidly. The heaVy VS.
BILE increase 2,793, Geo bu, was DECIDED Ia'-
tor. Charters were for $4,000 blu. December
ranged from 265s@2634c to 261Sc, closing so
sc lower at 261sQ26l4c. There was IalriS
active session in oats, with downward tehd,
ency to prices The visible supply lncrease1
/ $4,000 bu. This and sympathy with corn
were the influences in the decline Elevator
people sold considerable May. Receipts were
Asst cars. December ranged from 1885 10
1S3kc@1S1ac, and closed Ac lower at lS!Sc.
Quite a good business was done IN pro
visions Large hog receipts and decilhe at
the yards caused a small opening decnhe'
hut the market rallied sharply. The Cudanys
covered on large scale, and there was also
some influential commission mouse puy
suggesting a renewal of outside interest.
Offerings were light at the close DecemDer
pork was 121a615c higher at 81 Sl12QG9o' De
cember lard 10c higher at $4.5l12, ana De
cember ribs 712@10c higher at $4.5a32Q4 oo.
Estimated receipts Tuesday: Wheat, 24O cars
corn, 500 cars; oats, 4SO cars; hogs, Z2,oVo
head. ..,,