St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1891-10-14
Decided Advance in the Chi
eago Wheat Pit, and One
Cent Net Gain.
Domestic Markets Strong,
New York and Northwest
Buying Freely.
Corn Unsettled But Higher
and Provisions Made a
Bad Slump.
Occasional Activity Marked a
Dull Trading Day on Wall
Street.

CHICAGO. Oct. 13.-The wheat market was
yerv bullish to-day, with fair activity. and a
more decided advance was recorded, though
the full appreciation was not held. The
news was about all of a bullish character
The cables indicated a better market abroad.
Liverpool being quoted firm with better
demand. at l2@l penny advance. The lead
ing bull factor, however, was the bad weather
reported in North Dakota, where it was said
to be raining and freezing, to the great in
jury of the wheat in the fields, with prospects
of snow to make matters worse. In the WIN
ter wheat belt east of the Mississippi river,
however, fall seeding was still further de-
layed for lack of rain. Other domestic mar
kets were strong and higher, and New York
and the Northwest were liberal buyers here.
The amount of wheat and -four on ocean
passage decreased 2,25S, 900 blu during the
week, and the shipments from Indian and
Russian ports were said to be only 50 per
cent of what they were a week ago. Then
there was statement credited to the London
Times claiming that the kingdom would
have to import 100,000,000 bu of wheat this
season, ana France 117,OO0.0OO bu; that es-
tmating the surplus of the United States at
225. 000, Oh bu the world would still be short
about 80 LOCO, coo Blu.
To add to all this, corn was on a publish
rampage. The result was that the bulls were
i'll a majority i'll the wheat pit: the shorts
became frightened, and as the offerings
were very light, an advance was the
natural result. December opened at
9Jls09bs5c, advanced steadily to 80 7sc
reacted 10 9Jl2c, grew strong again, advancing
to Sl0Jls. broke 10 g9l2c, fiuctuated some and
closed at 9y54c, against 9Ss4c at the close yes
terday.
Corn was nervous. unsettled and higher.
The continuance of light receipts, the active
shipping demand, light stocks and steady
outward movement made shorts very anx
ious, and at an appearance of bull manipula-
ton there would be rush to cover, which
would send prices up with bound; but OH
any considerable amount being offered the
strength would disappear, only to be fol
lowed by another up-turn. The S. Y. White
corner seems to have drained the country of
its surplus for the marked advance since the
collapse of that corner has failed to bring any
considerable deliveries. The stocks here are
only 1,50O,C00 blu, all held by three or four
strong houses, while 100 boat loads were
taken for export at the seaboard yesterday.
The chief advance was in October. That
future opened at 55@055l2c against 54l2c at the
close yesterday, advanced steadily 10 Sc re-
acted to 55Ac, advanced again to 5624c, held
steady and closed at that oats were quiet
and firm
Provisions were weak, especially pork and
ribs. They were held up for time by the
strength in corn. but after time made de-
cided slump. There was partial recovery
before the close, but final figures are 1C@22l2c
lower on pork than Yesterdays close. Lard
is 1l2c lower and ribs Il2@30c lower.
The leading futures ranged as follows: