The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1899-10-11

CHICAGO, Oct. 1O.-Decidedly lower
quotations from Liverpool, and a neavy
increase III the visible supply made wheat
heavy today and caused decline of y
QI5sC at the close. Corn was firm and
closed 18cd4c higher. OATS closed a shade
higher. Provisions closed shade to l12c
lower
A deCIine of Sc marked tie opening
dealings in Whel.. Eyen at that con-
cessicn there was little demand, and
under liquidation " longs still further
recession in prices took place Liverpool
recoN cred the early loss but developed
radical weakness before the close there.
1t reflected the views of English traders
in regard to the war prospects in the
TrausVaal which were evidently consid-
cred much more remote, and this fact
had a strong influence on local trading.
An equally important factor was the
prospects Of a heavy Increase in the Wis
jble supply. The increase was finally an
nounctd at 2.053 90 bushels The local
stocks showed an increase of $4,000
bushels. Another source of weakness
vas The enormous primary receipts, p,
$4,000 bushels, compared with 2,0l5,0 Il
year ago. The opening price for D9cem-
Der was 12AMl23sc, against Saturdays
closing OF 12780l234c The price worked
down 10 .z1Sc mere Il sit,ir cove Ing ~
shorts caused a period of steadiness.
The demand was limited, however, and
when satisfied the market again slowly
declined, keeping on the downward
course Until we'll into the afternoon.
Trading was narrow. Tho forthcoming
government crop report had tendency
tC restrict and had 4 restraining influ-
ence and the absence of demand was but
enc; her factor in the weakness. The May
Price was almost continually under puts,
and not until near the close was any in
GicaIiOn Of a rally apparent. The De-
Cember price in the meantime got down
to 7I@4017sc. \ break OF almost cent
was too tempting for shorts, who covered
quite freely towards h close and caused
an advance Of 721s0721hc, where the
market closed.
A report from New York that sixty
loads had been engaged for export mad
some influence in causing the late rally.
Minneapolis and Duluth receipts were
les cars against 1,7SS year ago Chi
cago receipts Tor two days were 434 cars
six of contract grade. Worlds shipmen s
aggregated over 100000 shipments from
Russia being $4,000 bushels. Atlantic
port ciearances for TWO days were l.
22l.00t bushels. Much needed rain was
reported III The est and Northwest
permitiiro winter whea, sowing
Corn during the morning was active
ana SltOnS. Elevator people and COM
mission houses We're 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. Gables were
strong and higher and q good export
demand was reported, New York placing
the export engagement at los cars The
hedNiness Of wheat also had SOLDERING
inn cHCr on bGl : Rec iDts for two DAVIS
1.S6Q cars. December ranged from 30Ib
TO @9ac, and closed 1s614c higher at 3O5sc
Tie market for oats was duh and prices
Kept within range. The market early was
trifle higher in sympathy with corn,
but 4 little profit taking later resulted
in loss Of part Of the slight advance
Receipts for two days, SIS cars ScaIpers
did the bulk OF the trading December
ranged from 22M 70 23c. and closed a.
SHADE higher at 227ac.
Provisions were dun and ruled at ir-
regular 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 re-
ceiYed was from exporters against cash
sales. At he close January pork was 71bc
lower ut $9G1l4; January lard q shade
lower at $5.55q5.57l2, and January ribs.
2i2c lower at $5.G7h.
Estimated receipts Wednesday: Wheat
zoe; corn, SAC: oats, $50; hogs, $1,000 head.
The leading futures ranged as follows:
IOpen-II4!9h-I Low Clos