The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1898-10-05

CHICAGO. Oct 4-Wheat and provisions
were weak today, while corn and oats were
firm Wheat was influenced by the enormous
visible increase, heavy primary receipts and
a disappearance of the October premium, and
closed 9sGlac lower for December. Corn was
firm, principally on bullish husking returns,
and advanced &c. Oats were helped by corn
and closed lsGhc higher. Yellow fever re-
ports, among other Things, depressed provl-
siOns. that market closing 1890 lower.
Wheat started weak, a report received be
fore the opening stating that Minneapolis and
Duluth receipts footed up ,92I cars, l,4oi or
which were credited TO Duluth, was a body
blow to the bulls and started the market at a
decline; December opening at 6l%Q6lsc,
compared with yesterdays closing price OF
62lsU62Ac. Sellers, during the hist few MIN
utes' trading, were largely in the majority.
Offerings were not heavy, but the demand
slack that prices sagg d still further,
December selling at 6l3sQ6l4c shortly after
the opening. The fact that Liverpool showed
q small opening decline and showed a dispo-
Sition to go still further down the ladder was
by no means lost sight Of by the beS-s. Short
ly after the opening, however, Northwest re.
CeiptS were corrected to l, POS cars, instead OF
! 927. This total compared with liOj last
week, and Ices a year ago, put somewhat
different phase on the situation, and started
covering in a moderate way the price under
the improved demand slowly advancing to
62lsc. This was the high point of the day.
After II o'clock the market began to sag again
under news as beayish that received yes
visible showed 2965,000 blu increase in this
country and T. 30 coo Blu increase in and aAoat
for Europe, a total Of 7160,0OO bu, and more
than double the increase last year. 1t was
far more than looked for and etfectually set
tied the hope of the bulls fer turn in the
market more influential factor still was
the total disappearance during the day OF
the October premium over December The
primary receipts were again enormous and
helped to undermine the slight bullsh feeling
that had struggled to fad expression during
.lr- g1 for hn n a u !
1858 20 bu. Atlantic port clearances were
fairly good, 45S,GO0 Blu, but not sufficient to
counterfeit the effect Of the primary receipts
During the last hours trading the selling
pressure let up somewhat and December,
which had declined TO 6l28G6l12. recovered to
61&G617sc. Snow was reported in the Da-
kOtas, auguring decreased receipts from that
source and helped slightly. The closing feel
ing was distinctly weak, however. December
closed At 6l&c.
Corn was firm in the fact of the heavy tone
of wheat Receipts. 996 cars, though heavy
were much underestimate. Liverpool WAS
higher. Country reports Of huskings were
bullish in tone. Clearances were liberal, GIL
600 bU There was considerable buying for
the long account. and for a time active COW
erings by shorts. December ranged from Z9Ac
to 29i2c. and closed 14c higher, at 293sG29!2c.
There was a fair trade in cats. The market
was helped by corn and advanced slightly,
holding its strength to the close. Cash de-
mand was good, bUl. Influence. Shorts were
good buyers of Decemb5 +. Visible increased
260. eco bu- May ranged from 2l2c to 222s0
22Ac and closed 1s0Hc higher, at 229sc.
Provisions were heavy. Continued pTeva-
lence of yellow fever in the South, disappoint-
ment over the small decrease in worlds lard
stocks and liberal hog receipts were all ar
ish influences. Longs were sellers and stop
orders were reached. Packers also sold.
shipping demand quite active At the
close January pork was Ice lower, at. $S.8712
January lard, 10c lower, at $4.721a, ard jan
uary ribs, 7lAc lower, at $4.57l2.
Estimates for Wednesday: Wheat, 210 cars 4;
corn $50; oats, go; hogs, 5000 head.
The leading futures ranged as follows: