The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1898-11-18

CHICAGO. Nov. 17.-Wheat today was yer!
strong up to within half an hour OF the
close. when Il turned weak and closed at
triaing decline. The advance was largely IN
the nature OF a scare among DECEMBER
shorts, but the local nature OF the stre1etn
was ultimately Impressed on traders. Cotn
and oats were strong ard closed 1s1Ac hlgh-
er Provisions closed shade under yeslei-
days final prices. ~.
Opening trades In wheat showed slight
changes either way from yesterday CLOS
ing price May starting shade lower at 4oc
and December nc higher at tozsgoo2sc. ne
market at once developed considerable hrM-
uess December again took the lead IN IN 3
respect although the volume OF uadlhe "aS
greater in May. 1t being difhcuit al tlihes 20
secure December, as few operators care I"
put out fresh short lines. The general De
mand for both December, coupled with uie
strength shown by Liverpool and yesterday
large export demand. alarmed the shorts ana
for half an hour or more inc mHIhee 80
very active. May advanced during TINS tlIne
% G6skc and December to 6IAG6f7sc. Lon,
don reported more inquiry for on-coast ana
on massage cargoes which had IFS effect on
the strained local situation. some reacuon
then followed The advances brought ogt
considerable wheat showing good prohts II
was all quickly taken, but prices dIoppeu !"
Csc for May and &c for December
Northwest receipts today we're heavy, MN
neapolls and Duluth reporting lao cars,
compared with 0Z5 last week, and Sls
year ago. Chicago receipts were -ol carr,
Toe o. contract grade. To al primary receipts
were l450,DJD bu. AtlauIC port ttt a ehSSS "
wheat and -four amounted TO s4v,VvO pu' :
Milwaukee reported that Armour was prep r
ing TO ship 200 0oO bu northern spring wheat
from that point 10 Chicago: During tae N d
die OF the session the market was quite ner-
yOus and prices moved up and down raploly.
December shorts we're evidently Sun very
apprehenslve OF trouble. on account OF the
comparatively small stocks, and the freedom
with which IL is going out OF the country, aLd
that option became so pron0uncedly bullls
that bay caught some Of the same spirit BE
on rf.rw nod diva
and May 70 d6@sd66bsc. In tie last iorty-hAe
minutes trading. however the market eX-
perlcnced a decided reversal.
Outside markets as rule failed TO r spOnd
70 the advance here Realizing also became
very heavy. more wheat bting offered than
the market could readily absorb and prices
IN consequence depressed rapidly. The mar
ket was quite weak toward the close. De
eefnber closed at 66iz4669sc. and May at
CSC.
Corn was very active and strong but did
not maintain best prices. Country -adyiees
were bullish and the price current claimed
the recent government crop report unreliable
and Inconsistent. Cash demand was good
both here and at the seabcard Buying was
quite heavy until late In the session, but the
closing weakness Of wheat affected prices
G0mekhRt. Receipts we're z24 cars. May
ranged from 33% 20 3lc and closed lbQAc
higher. at SS&GS3Ac
Oats were firm and higher and quite q
good general trade was done. Outsiders were
In the market IN increased numbers. Ca h
demand again excellent. Shorts were
large buyers. Toward the close the market
weakened materially and nearly all the ad-
vance was lost Receipts were POI clTs. May
ranged from 25hG25. C TO 25A425%c and
closed nc higher. al 257sc.
Trade IN provisions was very small. The
market IN the main was steady. though hav-
Ing intervals Of weakness, due partly TO the
bad hog market. Prices were influenced by
the fluctuations IN grain. Al The close. jan
uary pork was 219c lower az $3.50. January
lard shade lower. at A.s0a4 92lh, and jan
uary ribs n shade lower at $5.O2iA.
Estimated receipts Tor Friday: Wheat LIS
cars. corn. 300. oats. 205 hogs. $4,000 head.
The leading futures ranged as follows;