The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1903-11-12
SUMMARY OF THE DAYS TRANSACTIONS IN THE MARKETS
GRAIN PRICES DECLINE
GENERAL LIQUIDATION IN ALL THE
PITS is THE CAUSE
Good Demand for Wheat at the Start
Offerings Are Light and Some Gains
Made-Weakness In Corn Brings Out
Heavy Selling Orders Later On.

CHICAGO, Nov. 11.-General liquida-
ton in both the grain and provision pits
caused lower prices all around on the
Board Of Trade today December wheat
closing &c lower. December corn was
down S@Ac and oats were off A@9sc,
while January provisions were from TIC
to 121ac lower.
Comparatively firm cables brought out a
fairly good demand for both December
and May wheat at the start, and Deem
Der opened 1s@Bc higher at 77Ac to
77Ac. Offerings were light early in the
day. and with fair advance in the price
of December at Minneapolis the market
here showed good gains the price adj
yancing to 77Ac within the first hour.
Later In the day the sentiment changed,
and selling became general Weakness
in corn, with loss of the gain at Mime
apolis and lower prices for December at
New York, brought out heavy selling~or
ders from influential traders, and the mar
ket became decidedly weak. Large prt-
mary receipts and small clearances help
ed to create a bearish sentiment. Stop
loss orders came out on the decline, and
there was also considerable short selling
which added to the general weakness. The
market was poorly supported the latter
part of the session and closing prices
were at about the bottom, with December
&c lower at 1890, after it had touched
76Ac.
Clearances of wheat and flour were
equal to 144,9O blu. Primary receipts were
1901, 900 bu against 1,314,0 900 bu year
ago. Minneapolis, Chicago and Duluth
reported receipts of $40 cars, against 956
cars last week and 975 cars a year ago.
Corn Is Very Weak.
Corn ruled extremely weak after firm
opening. During the first half hour the
market showed fair degree Of firmness
on small receipts, unfavorable weather
and the early strength in wheat; but later
in the day flood of sellers orders APP
peared In the pit and prices took severe
slump. Commission houses and local bear
leaders led in the selling. The bearish
government report was the principal in
fluence in causing the selling pressure
After ranging between 42c and 43Rc, De-
cember closed at 42h @42Ac. loss Of
B@&c. Local receipts were 1856 cars, five
of contract grade.
Oats enjoyed a fairly steady market
until the corn break set in. and then the
selling pressure was renewed and prices
declined steadily. A feature of the early
trade was buying of December by cash
houses, and that option was quite firm,
but the close was weak with loss of
h@%c at 1878 @34c, after selling be-
tween 1870 and 35c. Local receipts were
123 cars.
Provisions were steady early in the day
on good cash business and on strong
demand for lard but later with grain
prices showing weakness the market turn
ed weak Packers and local traders sold
early. which helped to bring about the
reaction January pork closed 121sc lower
at 81 62h. January lard was 7h @lOc
lower at s6.67h, while ribs were down
TIC at $6.f0.. 10
The estimated receipts for tomorrow
are: Wheat, 125 cars; corn, 235 cars; oats,
200 cars and %, 900 head Of hogs.
Range of Quotations.
The leading futures ranged as follows: