St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1891-11-07
ADVANCING MARKETS
Wheat Scores Up Literally in
Chicago Board Of Trade
Dealings.
An Active Movement and a
Good Trade Throughout
: the Day.
Corn, Oats and Hog Products
Improve All Around in
Prices.
A Few Shares Sustain Loss by
Bear Pounding on Wall
Street.

CHICAGO, Nov. 6.-In the wheat market to-
day a stronger feeling developed and the
market was active aud advancing through
out. There was good trade, with shorts
covering freely and buying on long ac
count. The advance was attributed to the
strong tenor of cable advices. continued dry
weather in the winter wheat country, and
further rumors pertaining to the expectation
OF wheat from Russia. Supplies did not in
crease as much as expected and this, too
was taken advantage of by the longs and
made out rs bull factor. 1t was claimed
that some of the large shorts were the best
buyers Today. the action of the market of
late making them not so confident of lower
prices.
Liverpool was 140L2d higher and good
demand was reported, with millers free buy
ers. London was reported Sd higher Berlin
was 2ssGD2I2c per bushels higher. Antwer D
was 1Ssc per bu higher and Paris 10t34c
per bushel higher. Private cables reported
an advance of Cd in Liverpool. Advices
from the winter wheat districts reported
rain needed aDd crop looking poorly. A
Russian cable was received saying that
wheat exports will rot ibe interfered with
until Nov. 10. The minister of agriculture
wishes to place an export duty of : roubles
on wheat, but the ear insisted on absolute
prohibition. The yearly exports OF wheat
from Russia run from 75.0)0,0O1 to Ja000OO1
bu. So far this year from Aug. l. the ex
ports from Russia have been about 26,Oo0.-
0)0 bu
Bradstreet's reported an Increase of 3. 76?.-
900 bushels east of the Rockies. and decrease
of As. 00O bu. west of the Rocky mountains
The export clearances yesterday from four
ports aggregated 553, 900 bu wheat and flour.
New York reported good export inquiry,
and 81 loads taken for export. Freight room
was engaged here for l3200J blu. Large sales
of flour were reported in the Northwest,
which helped late advances. Arrivals in the
NOrthwes. were liberal. Receipts at Duluth
were 5SI cars. and Minneapolis 35j cars,
total of )4S cars against 1.124 yesterday, and
10 cars a year ago. Local receipts were 80
ears, of which 81 ears were of contract grade.
Withdrawals from store were sos bu. Re
ceipts at all points aggregated l.436,OO bu
and shipments from same were 1,290,
blu. TIL export clear0nces from four
ports were HOOD b5ls of -four and 1861
bushels of wheat. In addition New Orleans
shipped u. S25 bu The opening was about
s4c higher than Yesterdays closing, and with
some fluctuations advanced ic more, then
eased off S4c. again advanced 13Jc, ana the
closing was about 25sc higher than yesterday.
Corn was strong aud decidedly higher, the
small receipts OF old corn, the active export
demand ut the seabOard. and the strength in
cash corn here, together with the sharp adj
vance IN wheat and oats, strengthened shorts
and started the buying. November sold from
"a TO 54sSc, and at l. o o'clock was 54Ssc; year
SOil from +Ot2dD D. Ssc. anu III IL y CloCh WIS
47c; May opened al 44i4c. sold to 4475c, and
| at l. clock was AIsc. During the st hour
/ there was big slump i'll corn on heavy sell
| ing. and November went from 5'S4 10 55c, but
| reacted to 53ssc; Nav, after selling at 4l7sc,
| went off to / iSsc, and reacted TO 4i5sc.
Oats strong and higher. with Bartlett
! Frazier, Patton Bros. and Counselman good
| buyers, with shorts trying hard to cover.
| November sold at 39i4p}-s4c; December at
32C0 2l2c and May AT 3)S4O34c, but all eased
! off some before noon. November went Off
during the last hour to 32Ac. December to
BE and May to 39ssc, bat all reacted some be-
! fore the close.
Hog products were quiet and weak; jam
airy pork opened at Sii.i2l2, sold TO Sll.3 9l2 !;
broke Sill Z2f5. and at III o'clock was Sites.
| January LARD, s.. -. January ribs sold from
| $3.50 TO SJSj. then off TO Sj.UlaltJS) split.
Pork continued weak foT 4 time, January
selling to Sll.2L but back 10 S1l.:7i2. jam
airy lard touched Si22l2, but reacted TO $6.25
while January ribs fell TO S5.11l2, and sold
back TO S5.S2I2.
The leading futures ranged as follows: