The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1899-11-18

CHICAGO, Nov. 17-Wheat opened
weak with the break in Liverpool.
steadied on small receipts, closing sc
lower after decline precipitated by re-
ports that 100000 blu Of Duluth wheat
was headed this way Corn closed at an
advance of 1sQ3sc, helped by small coun-
try offerings. Oats closed 1sQAc over
yesterday. Provisions closed sc higher.
Wheat opened 5sQ$4c under yesterday,
December at 6634 d667sc, and May at 70B
Q71c The break in the Liverpool mar
ket was the feature. That grain center
weakened on the Argentine situation. The
visible OF that country showed little de-
crease in the face of recent liberal ship
ments and there has been no modification
of the prediction Of large crop. The
market here, however, was not affected
directly by the South American condi-
tions. The opening price was under puts
and the market rallied some on buying
against these privileges, but the main
support came as result of the small re-
ceipts. December advanced to 6712@675sc,
and May to 15sc, a spread of 41sc be-
tween the two options.
1t became evident that the market had
been oversold to some extent, a condition
the discovery of which added to the de-
sire to cover shortages. The early gain
was all lost late in the session, when it
was reported that within the next ten
days boats carrying l,000,0 900 bu of wheat
would clear from Duluth for this port.
Both options declined sharply toward the
end, December closing 3sQ12c lower at
67G671sc, and May CSC under at 711sc.
Trade was moderately active, a fact
attributed by some to the crusade begun
against bucket shops affecting some
large board of trade firms. New York
reported so loads taken for export. Brad
streets gave the exports of wheat and
4 I'm
For the day seaboard clearances equal d
266,G00 bu. Primary receipts, S27,999 bu,
compared with 1,499,S31 bu year ago.
Northwestern receipts, 500 cars, against
SEQ last week and 1,525 the corresponding
day last year. StXty-five cars, SO of con-
tract grade, were received here.
Corn was relatively strong all day.
The opening showed little weakness in
sympathy with wheat, December opening
at 3I2s63l12c, and May 1s@Ac lower at
32I2@325sc. Country offerings, the light
ness of which has for some time been
strengthening factor, We're again call d
small, and the market steadily improved,
though trading did not become animated,
the range of prices being within sc De-
cember advanced to &c. and May to 33c.
Near the close, the pronounced weakness
Of wheat led to some profit taking and
the market eased off. December closed
%s412c higher at 31AQ317sc, and May Re
over yesterday al 327sc.
Oats were firm with corn and a good
shipping demand. The opening was I'M
changed to a shade lower, December at
2224c and May at 2394c. Buying was gen.
eral, but the market was apparently
without leadership. Country offerings
We're light, 151 cars here. December
ranged from 2234c to 23c, and closed lac
higher at 227gc. May closed at 241sG2414c.
Provisions held steady on a moderate
supply Of hogs and in sympathy with the
strength of corn. The opening was at
loss Of 215@5c, but this was recovered on
buying by shorts to cover. January pork
closed at $9.471S; January lard, $5O71A;
January ribs, $500, all sc higher
Estimates tomorrow: Wheat, 81 cars;
corn, 270 cars; oats, $50 cars; hogs, 1900
head.
The leading futures ranged as follows: