The daily citizen. [volume] (Asheville, N.C.) 1889-1890, 1889-10-11
CHICAGO REVIEW.
Business In the Grain Center Dur
ing Yesterdays Session.

CHICAGO, October 1O.-Tradiug III
wheat was very extensive and decid-
edIv bullish feeling revailcd. The view
taken by some of The traders is that
the short" interest is accountable for
by the sudden turn while Others predict
an era of active speculation and still
higher prices. To-day's movement did
not have the appearance OF strained
market. The opening was 4a3sc. higher
than yesterdays closing, ruled a tritle
easier thereafter, prices reced1nS about
Ac. This movement was followed by Il
steady advance of 1a1 lsc., and the clos
ing was lac. higher for December and
1 I4c. higher for May than yesterday.
A rumOr that the government crop re-
port would show a further shortage OF
some twenty millions bushels, no doubt,
was one of the principal influences which
gave an impetus to the advance Of to-
day, and theslibcral report of clearances
had decidedly strengthening effect.
A good trade was rcpO' ted in corn,
and the feeling was firm and trading was
at higher prices. The better tone AMI
advance was attributed to covering by
December and May shorts" ," as also the
stronger feeling in wheat. The volume
of business was quite large, especially i'll
May, which ruled firm on good buying
by large local spCCulatOr and one or
two commission houses. Offerings of
near tuturcs were quite light at times,
but there WAS some changing of October
to MAY at 23sc. prcu,um for the latter
months. The market opcncd tlrm al
Yesterdays closing prices, and under
good local demand advanced ta'iSc., be
came quiet but firm, and closed i4@aSr.
higher than yesterday.
There was less doing i'll oats to-day,
but stronger feeling was developed and
prices reacted l4c. from the recent break
under good demand to cover shorts. ~
One prominent operator covered a large
line. The cash end OF the market shared
in the strength shown by May.
Provision traders obtained a little rest
to-day from the October pork deal. The
few lots of new pork rendered on October
contracts were refused to-day and sold
out at auction at 1O.+7l2a1O
Straight October delivery closed noml-
nally at 1880. In the general product
trade the leading feature was increased
activity. January pork sustained an ad-
vance of &c and October and January
short ribs of 2l2; November short ribs
were unchanged for January-a tavoritc
month. Pork sold at 9.32l2a9. .+5; lard
at 5.9Oa5.97l2, and short ribs at +.75a
+7712. Cash buyers made rather small
purchases, and shipment and export or
dcrS were under an average.
SOuthpOrt's Projected Railroad.
Wilmington Messenger.
The Hon Frank Brown and Mr.. Joseph
K. Stoncbraker, of Baltimore, arrived in
Wilmington Sunday night, accompanied
by Col. George B. Morton, who went on
few DAYS ago. Mr. Brown is president
of Southport's projected railroad-the
Cape Fear and Cincinnati-and Mr..
Stonebraker is one OF the directors. The
party went down to Southport ycster-
| day aud inspected the survey, and con-
suited with the citizens of Southport
about the right of way thrOught the
streets of that town and concerning rca-
sonable and necessary franchises to be
secured They returned to the city yes
tcrday evening, and Mcssrs. Brown and
Stonebraker left last night for Baltimore.
| The former was Postmaster of Baltimore
bv grace of Grover Cleveland during his
administration.
We understand that the prospects OF
the Cape Fcarand Cincinnati railroad are
bright, and that the gentlemen interested
are pleased with the project. The survey
will be completed to Wilmington in
about two weeks, and that towards the
west is now under way and progressing
tavOrably.