The Saint Paul globe., 1897-11-06

cr11CAcO Nov. 5.-Wheat had a further
5ooIine today of &c for December and Bc
for Nav. The market was still suffering rom
the effects of the sharp break Of yesterday
and was at times almost totally without sup
port. Corn and oats, strong in themselves
suffered from the extreme depression IN "heat
and closed at small declines. Provisions mao
the smallest trading for months, anu suo"eu
irregular declines at the close
There was a great contrast between the
wheat trade of Thursday and that of today.
Yesterday the trade was puzzled by the re-
narkable changes. and could scarcely keep
mace with all the news at hand. Today the
nit was stupid Opening trades in December
ranged from 941sc to 94l4c or 4S@Ac ABOVE
Yesterdays close. There was some December
for sale early but nothing like the offerings
,,oetardav They were sufficient, however, to
cause decline to 92$4c. This was followeu
bv a. rise to $3.50 and another decline 10
q3Hc. May sales we're at 9lAc TO SIC 10
911bc. to 917sc and held at 9lAc, or 3sc ul-
der last night. Liverpool was frmer than
expected at the opening at only AQ72u ue-
cline. Paris was up q little and firm. The
strength of the foreign markets was the
factor in the small opening advance. Chicago
receipts were 144 cars against 81 last year,
while Minneapolis an Duluth got 949, COM
pared with 6S4 . year ago. In addition to
the rail receipts at Chicago one cargo OF
"a 5S9 bu Of No. 1 northern, spring, was IN
epected into store. The primary market re-
CENTS were l, 155, 900 bu, compared with only
7S1. .OGO bu the corresponding day Of the year
before Minneapolis wired that wheat STOCKS
will increase 100000 bu for the week Du-
luth claims a decrease of 100000 bu. The
bulls have little to hope for in the visible sup
ply outlook for Monday. The official board
showed 5O,OOO bu northern spring Inspected
from lake or canal. 1t also showed 4S,0OO
bu of same wheat transferred from private
houses The break in New York stocks on
the uneasiness over Cuban matters helped
weaken wheat.
AS for days, the best bull point was the
heavy exports. Wheat and -four clearances,
five ports, were 573, 900 bu, On top of 10000
bu yesterday. Private messages gave $4,000
bu of wheat cleared at Galveston. The st.
Louis claim that the Missouri report makes
the wheat condition So and acreage "a per
cent short had no influence. After midday
there was a return Of the early heaviness
December settled down a little to 92$lc, and
May sold at 9O1ac. A New York message
claimed 35 boat loads worked for export
The market became a little frmer- near the
close, December rallying to 93$sc and May
to 9034 6907sc. These were the final prices.
OOIu Was extremely uutI anu IdJIlSl MCdh
Local condition rather favored higher prices
and caused some advance during the morn
ing Receipts were light-36S cars Atlantic
port clearances were 10000 bu. The rains
were expected to still further curtail the
movement from the country. TIE weakness
of wheat ultimately prevailed, however, and
moderate liquidation caused prices to touch
the lowest price for two months. December
ranged from 262sc to 25%c, and closed 1s@Ac
lower at 257sQ26c. Oats acted in much the
same way as corn. Buying orders were quite
plentiful for a time after the opening and
prices were firm and slightly higher Longs
liquidated later, starting a reaction, on which
there was freer general selling. Cash demand
was good though smaller than of late. Re-
ceipts were 244 cars. The weakness in wheat
was the factor in the decline. December
ranged from 1890 to 19HQ192sc, and closed
1sc lower at 193sM19l2c.
being almost altogether lacking. The mar
ket was weak influenced by the heaviness
of grain markets. The opening was steady,
but a little pressure to sell developed and,
as no support was given, prices gradually
receded. There was a good cash trade. At
the close December pork was 121aGll5c lower
at $7.52l2Q7. .55, December lard 212D5c lower
at $4.20q4.2T12 and December ribs sc lower at
S4.4212. Estimated receipts Saturday: Wheat
13O cars; corn, $40 cars; oats, 275 cars; hogs,
90 900 head.
The leading futures ranged as follows.