The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1899-10-17

CHICAGO, Oct 16-Liquidation en-
couraged by q heavy addition to the
visible supply, Favorable crop reports and
an abundance of bearsh statistics, in
Guiding enormous worlds shipment s.,
weakened wheat today. December closed
with loss of 1a05sc. corn declined 12c,
and oats closed a shade lower. Pork lost
1041212c lard 7l2Mi0c ana ribs TIC.
Wheat opened weak with the sentiment
decidedly beaIish Everything seemed to
be against the bulls. The drouth in the
Southwest was reported completely brck-
en-; world shipments exceeded European
requirements by over a million bushels,
and the indica tons were that the visible
supply when completed would show a
heavy increase, while the amount on
ocean passage had inci elsed nearly mill
ion bushels. Under these c3rditions, the
bulls became thoroughly disheartened and
left the bears in full control of the mar
ket although the latter were not inclined
to push their advantage to any great
extent.
The market ruled dull the greater part
of the session, while fractions were stead
lily scaled off the price until the last hour
when shots we're tempted to cover, and
on buying of that kind there was quick
rally Of &c from the bottom. The i'm
provameHt was only temporary, however,
at the close the market was headed
downward again, closing within A@3sc
of the bottom of the days range. High
ocean rates and an advance in rates east
of Buffalo helped the decline. December
opened 3sc lower at 7l3aQ14c, sold spar
ingly at 1l34c, de clined 10 71lsM1Ac. rose
to 17sc anG clos ed with sellers at 7i12c.
Chicago receipts, ?f3 cars, three of
which graded contract Minneapolis
and Duluth got PIP cars. compared with
1,5H the CORE spending day a year ago.
Total primary receipts 15SG,G0G bushels,
against 2l90,O00 last year. Atlantic port
clearancas 81, G00 bushels Worlds ship
nIents last week S.620, 0G0 bushels against
7,4lS000 the same week last year. Amount
on passage increased SlG 600 bushels, COM
pared with 320,CG0 decrease last year; total
afoat now is 26S00,000 bushels, against
2O,5G0,OGG then. The visible supply increase
was 2S7900O bushels. and the total in
sight is 47,3146OO bushels.
Large receipts and a falling off in
foreign demand at the scabCard we Ikened
rorn at the opening. A smaller increase
In the visible than expected and a be-
lief that the wet weather prevailing
throughout the West would Tetard the
movement, encouraged heavy buying
after about an hour and a half of weak
ness and the early decline was partly
recovered. Cash demand fair Receipts,
900 cars. December opened sc lower at
2C5s@31c, up 10 81, declined to 3O12c and
cCseu with buyers at SQA@3l7sc.
Oats were weak early in sympathy with
wheat and corn, but turned strong later
On buying, induced by large clearances
and decrease in local stocks Receipts
were heavy, AS cars. December opened
1gc love- at 2234c, declined to 221ac and
advanced to 2z%tG227sc at the close.
Provisions ruled heavy throughout,
starting at a moderate decline and IN
creasing the loss as the session advanced.
At the close January pork was 10@l212c
lower at 50 30; January lard TIC lower at
$3.50
Estimates Tuesday: Wheat, $50 cars;
corn, COO cars; cats 325 cars; hogs 1909
head.
The leading futures ranged as follows: