The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1898-10-16

CHICAGO, Oct. 15-With the demand for
-four subsiding and temperance Of the
weakness in cash grain in the Northwest
there was disposition in the wheat pit today
to act cautiously on the buying side and
prices were allowed to sag. After an ad-
vance at the opening, December closed 1hc
lower. Corn left off unchanged to hc lower
Oats declined 1sc. Pork is unchanged to PIC
down. lard 2nQoc higher, and ribs un-
changed.
Before the opening reports were received
from Liverpool that the market there had re-
covered all that It lost yesterday The news
had an appreciabie effect on the early trading
here, first sales being at an advance over
night of 1sQ3sc Though New York continued
to send reports OF large export engagements
the news had much less influence than usual
the prevailing opinion being that reports of
previous days this week were very much ex-
aggerated, and that advices today might be
duplicates. One unusual feature of the mar
ket. and one which had a great deal of in
fuence in shaping the course of prices was the
weakness of cash grain in the Northwest and
reports from Minneapolis of a pause in the
demand for -four. The primary market re-
ceipts for the day were 1852, 900, against l. 203
600 year ago. Chicago received 215 cars
against 1873 last year. and Minneapolis and
Duluth 1122, compared with LIP a week
ago, and l,176 the corresponding day the year
before. The reports of the export engage
boatloads. This was entirely ignored how
ever, and the market continued to weaken
during the last nall hour, Influenced by lack
of speculative demand and free Hquidating
by longs. December opened Nc higher at
65H Q653Sc, ranged irregularly downward to
64Ac, and closed at 641a@649sc.
A sharp upturn at Liverpool caused buyers
of corn to sell at the highest price touched on
The present rise. Commission houses executed
a. fair number of buying orders, but the de-
mand proved insufficient to hold the market
there being considerable long property for
sale and one or two prominent elevator in
terests selling quite freely. Receipts go cars.
December began hose higher at 31h@31%c,
declined to 3OBc, and closed at 30A@31c.
There was quite a lively trade for the first
hour in oats, and the market ruled strong at
advanced values. Later, however, almost
everybody had something to sell, and prices
started on the downward path, finally ending
at the bottom figure for the day. May started
Rc higher at 231ac, sold up to 23&c, then fell
to 23Ac, the closing figure.
An advance in hogs at the yards Of &c,
more reassuring news regarding the yellow
fever situation h IN the South were the
Strengthening Influences in provisions at the
opening: The weakness in grains, however,
and free sales by brokers' and commission
firms, caused a substantial reaction later.
January pork opened .71a@1Oc up at 1920, de-
clned to $9.1712, and closed at 1920 January
lard started 5071ac higher at $5.O71& weak
ened to $5.021a, and closed at $5.05. January
ribs began 5@71ac up at 81. S004. 821b held
steady at $4.821a, then off to $4.75, and rallied
to $47712 at the close.
The leading futures ranged as follows:
Onen-I IJi0b-I 0yr / C1Ioc