St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1891-10-23
Russia's Alleged Seizure Of
the Turks Capital Scared
the Shorts.
In the FURRY a Loss Of One
Cent Occurred in the
: D Wheat Pit.
Corn, Oats and Hog Products
We're Firm and Changes
Are Slight.
Upward Movement in New
York Is Checked--Frae-
tional Losses.

CHICAGO, Oct. 22.-wheat was excited and
nervous throughout the session. The open
ing was easy and close to the closing figures
of yesterday. but the shorts were scared and
nervous and proceeded to cover. The ground
work of their fear was sensational dispatch
published after the board closed yesterday
afternoon. TO the effect that Russia had capt
ured the approaches TO Constantinople, and
that that city was at its mercy. The result
was an excited bull furry on the curb yester-
day afternoon, on which cash sold up &c.
The truth of the report was positively denied
this morning, but the shorts were too badly
panic stricken to recover at once, and their
purchases caused a moderate advance in the
early dealings.
Cables also reported the foreign markets
generally strong and higher; consols were a
fraction off, and Henry Clews telegraphed
from New York that london was free seller
of securities, presumably on uneasiness on
apprehension growing out of the alleged
overt act by Russia. Russians were within
three days march of Constantinople and
would soon occupy it. While most of the
operators in the wheat pit professed to utterly
discredit this news, it nevertheless increased
the feeling of nervousness and caused
further advance. Shorts continued to cover
and longs were loath to let go of their hold
ings.
Later. when the crowd got over it's scarce,
the selling became about as urgent rs the
buying had previously been, and'alI the i'm
provement was soon lost, together with as
much more on the other side. December
opened lsc lower at 95Ssc, sold steadily up TO
06ssc, broke TO 9Sac, rallied to 957sc. but, OH
renewed heavy selling, went off to 9lAc,
huctuated narrowly, and closed weak at
9il2c, against 9ll2c at the close yesterday.
Ream and Cudahy were said TO have covered
gOOQ deal OF wheat the oarly strength.
but Linn sold heavily on the advance.
8 Corn was fairly active and generally firm,
selling up early, partly in sympathy with the
strong feeling i'll wheat, but later it broke off
somewhat when wheat began 10 weaken.
The business was not as animated as yeSter-
day, as the most nervous shorts had appar-
emily covered. Cables quoted liverpool Id
higher. November opened lsc off, at 1850
advanced TO 50Ac, declined to 49l2c, strength
ened to 5Ussc, broke to 49s4c and closed steady
at 1850.
Oats were again firm early, but softened a
little later in the day. Heavy eX port buying
is still reported. Some dispatches, however,
deny the Russian prohibition on which the
market got strength yesterday. The close
SHOWS an advance of 1s0Ac compared with
yesterday.
Hog products were generally firm largely
in sympathy with the early strength in grain,
but much OF the advance was lost during the
last hour. Pork shows an advance at the
close. compared with yesterday of 712@9l0c:
lard is 2l2tG!c lower. except January. which
isunchanged. and ribs are 2l2010c lower
except January, which, like lard, is I'M
changed: