St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1890-10-29
WHEAT ON THE JUMP.
A Narrow Market at the Open
ing, Followed by a
Bulge.
Closing Quotations Nearly
Two Points Better Than
Monday Figures.
Corn and Oats Advance in
Sympathy, Hog Products
Closing Steady.
Ineessant Pounding Of Sugar
Trust Shares Causes Stocks
to Decline.

CHICAGO, H., Oct. 2s.-With the encour-
agement of some export business at the sea-
board in wheat M at Minneapolis in flour,
and the very material additional circum-
stance of a good short interest here. it was
an easy matter to get more money for wheat
to-day. Prices advanced lac over yester-
days closing prices and 112e of that was re-
tanned at the close. The trade here came
down town bearlsh, believing that the higher
prices on the curb last night would not be
sustained. The early strength surprised ev-
cry one. December wheat started Loose up,
and after a little easing of Ac or less the
price moved up to l cent over last
night. This was in the face
of selling by Logan, Brosseau. Bal
dwin and Partridge. Mitchell was the most
conspicuous buyer, taking Pardridge's short
sales around SLOPE. The Mitchell buying
was followed by quite q change of sentiment
to the bull side by the aid of the bull news.
Liverpool was firm, with demand improving,
according to public and private cables. The
wheat OH ocean passage decreased Gas. 900
bushels according to Beerbhlm. New York
reported first six loads and later eleven loads
worked for export, and a good part of this
was confirmed. 1t was reported that Chris
tan, of Minneapolis. had sold 5000 sacks of
flour at the top price of the year, while
New York cleared but 5000 bushels
of wheat and 14.O0O packages of -four.
The Atlantic ports cleared in wheat and 1our
equal to 1U4, 600 blu. On top of this closing
Liverpool cables were l2d up on spot wheat,
and l2d 10 s4c OIL futures. Another piece of
news was the statement that Bradstreet's
claims but 81 ,OUO, 600 blu surplus on the
crop of wheat; 100000 blu are already
exported from the two coasts. The selling
in this market was easily led by Partridge,
who was going short on the market. Re-
ceiptS here were about 1919 cars. with CD
cars at Minneapolis ard Duluth, against $50
cars a year ago. The action of the market
was: December opened at S1.025s, sold to
Sl.O2s8 to 81 .O3IIa to ST. OBS to S1.O-6s to
Sl.03ls again at 1 o'clock. May sold at
SLOTS to Sl.OS to S1.075s TO $l.U77B. The
buying of wheat was good the last half hour,
and still higher prices were reached. No
vember sold up to S1.O2 and closed there.
December moved up very strongly to
$1.U3a4 and closed at Sl.O3sB. or Use up
for the day. May touched ST. sac, closing
at Sl.USA, or l2c higher Charters we're re-
orted for ) 1000 bushels. The buying was
very general, and the market broad and
strong to the close. On the curb puts on De-
cember wheat sold at $l.,3. and calls sold at
S1.O4l2. During the first half of the session
the trading in corn was confined TO small
scaiping ventures, based upon privileges
which had been bought on the previous
afternoon. During the latter half of the
session, however, an urgent demand from
the shorts sprung up,and prices shot up 1l2c.
aud closed at The top. The oats market was
quiet, and the interest active. but closed 34c
higher. in anticipation of light receipts to-
morrow. The provision market was slug
gish and dull, and scarcely any change was
made in prices.
The leading futures ranged as follows: