The representative. [volume] (St. Paul, Minn.) 1893-1901, 1899-10-12
CHICAGO OR AIN

CHICAGO, Oct n-Decidedly lower quota
visible supply made wheat heavy yesterday and
caused a decline of 1zeD4sc at the close. Corn
was firm and closed h@Ac higher. Oats closed s,ed
lower -i
A decline of &c marked the opening quota
lions in wheat. Even at that concession there
little demand, and under liquidation by
longs. mostly Of a local nature, a still further
depression in prices took place. Liverpool was
slightly lower at the start, but developed radical
weakness before the close of the session there.
which were evidently considered much more re-
local trading An equally important factor
the prospects of heavy increase in the visible
2oSs 600 bu The local stocks showed an in
crease Of 5S2, 900 bu. Another source OF weakness
compared with 2ols,ooO a year ago. The open
ing price for December was 72Q72asc; against
down o OF where little covering by
shorts caused a period of steadiness The de-
mand was limited, however, and when satisfied,
the market again closely declined. keeping on the
downward course until well into the afternoon.
Trading narrow. The Forthcoming govern
ment crop report had tendency to restrict, and
had restraining influence, and the absence Of
demand was but another factor in the weakness
The price almost continually under puts.
and not till near the close was any inclination
Of change apparent. Meantime, the December
price got down to 71&@717sc. break of almost
a cent was too tempting for shorts, who covered
quite freely toward the close and caused an
A report from New York that so loads had been
engaged for export had influence in caus-
ing the late rally. Minneapolis and Duluth re-
ceipts were 121S cars, against 1,13O last week
and 17SS a year ago. Chicago receipts for two
days were 434 cars six of contract grade.
Worlds shipments aggregated over 5000, 600 bu,
shipments from Russia being 1,S24, 600 bu. At
lantic port clearanceS for two days were 1222 GOO
bu Much needed rain was reported in the West
and Northwest, permitting winter wheat sowing.
strong Elevator and commission houses
sharp competitors for all offerings, and a good
advance was scored. Later the feeling became
easier on predictions Of general rains and part
of the advance was lost. Cables were strong
and higher and good export demand was re-
ported New York placing the export engage
ments at 10S cars. The heaviness of wheat also
had SOLDERING influence bulls. Receipts for
two DAYS were 1850 December ranged
from 3O1ac to 30Ac, and closed sGAc higher at
3O%c.
The market for oats was dull, and prices kept
within a narrow range. The market early was
tri1e higher in sympathy with corn, but
little profit taking later resulted in loss of
DAYS were ssS cars. Scalpers did the bulk of the
trading December ranged from 22Ac to 23c,
and closed shade higher at 221sct
Provisions were dull and ruled at irregular
declines The hog market was easy, and packers
were disposed to sell. The cash demand was
reported good, but about the only support the
market received from exporters against
cash sales At the close January pork was TIC
lower at s9.67LS; January lard shade lower at
& 550I5 571s; January ribs 2hc lower at $5.07h.
Estimated receipts Wednesday: Wheat 200 cars,
corn $40 oats $50 hogs So 900 head.
The leading futures ranged as follows:
H~ Nh