The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1899-11-15

CHICAGO. Nov. 14-Wheat was weak
early on lower cables and predictions OF
a large Argentine crop, but steadied on
buying by shorts and closed at an adj
vance Of 15QAc. Influenced by light coun-
try offerings and small receipts, corn
closed strong, unchanged to &c higher.
Cats closed 18Gl4c higher. Provisions
ruled weak and closed 21z@10c lower.
Reports Of light domestic receip s were
the GHly items that bulls could confront
the bearish array of statistics with at
the opening of-the wheat market today,
and the initial figures, December 66l2@
6e5gc May 7015d705sc, showed a loss from
yesterdays close of loose. The chief
factor in the weakness WIS the prediction
of an Argentine crop authority that pros
poets pointed TO a large Argentine crop.
Harvesting Of this crop began last year
Nov. 10, and the predic ion, evidently not
much in advance Of the beginning of
harvesting, had immediate effect.
Liverpool, which had opened firm, de-
clined and closed weak The market here
rallied after the opening on covering by
shorts and buying against puts, Decem-
Der touching 667sc and May 70Bc On
profit taking December eased off to $3.50
and May 10 705sc. An impression that the
continuous liquidation of the past few
days had resulted in an oves sod market
was apparently verified when shorts in
greater number again sought cover.
There was little wheat to be had at the
low mark and the price steadied. De-
cember advanced to G71ac and May to
T12c. December closed 14c over yester-
day at 67&sc and May 1s@Ac higher at
71A013sc, both options having eased off
q bit on profit taking near the close.
There was an increase in the worlds
visible of 100000 bushels, almost double
expectations. There was a decrease in
local stocks of 100000 bushels. Primary
receipts were 923 23O bushels, against
100000 bushels last year. Minneapolis
and Duluth reported SO4 cars, compared
with 9G3 last week and 2039 the CORE
spending day last year Receipts here
We're ninety-one cars, three Of contract
grade. Clearances were $4,000 bushels
New York reported thirty-two boatloads
taken for export. Advices from Argen-
tine were that, including wheat left over
there would be between 100000 and 1OJ,-
100000 bushels for export next year
Corn was weak early with VIII at. The
opening was at a loss of 1kGAc from
yesterdays close. Yesterdays country
acceptances were small, and local re-
ceipts, 399 cars, considered light The
estimate for Monday was small. The
early loss was more than recovered.
There was some selling Of May by eleya-
tor people, while shippers took December
IN moderate quantities. December rang
ed from 3G35c to 31Kc, closing 1sQlAc low
er at 31A0314c. May ranged from 92Ac
TO S2154223sc, and closed unchanged at
S21kc
Oats followed in the wake Of the other
markets The spread between May and
December was narrowed to a difference
of 1Bc. Bradstreets gave a decrease in
the worlds visible of $4,000 bushels.
Clearances were only $3.50 bushels Re
ceipts, 213 cars. December sold from
2214c to 2212c, and closed Hc higher at
2212c.
Provisions suffered from the depression
OF hog prices and the weakness of the
Liverpool market for American products.
There was little demand and the mar
ket was dull. January pork closed TIC
down at $9.471a; January lard, 71k01Oc low
er at $5.O77aQ5lO. and January ribs at
21&Q5c loss at $4e5.
Estimates tomorrow: Wheat, SO cars:
corn, $50; oats, 100; hogs, 1900 head.
The leading futures ranged as follows: