St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1891-10-10
In the Chicago Pit a Gain Of
Two Cents Is Scored on
December Wheat.
A Brisk Foreign Demand and
Active Local Buying We're
the Causes.
Corn Was Strong All Day, but
Closed Lower Than Thurs
days Price.
Bulls Gain a Slight Advantage
in the Wall Street Trade
Contest.

CHICAGO. Oct 0. Wheat started out littl
wabbly to-day, selling on both sides of last
nights closing around the opening. then be-
came strong, advancing about u cents and
holding nearly all of the gain to the close
Early cables were conflicting. That from
Liverpool to the board of trade quoted the
market as steady and unchanged, while pri
vate advices quoted it at 1l2 penny higher
and London sixpence up. New York re-
ported q brisk foreign demand, and dis
patches there said that sixty boat loads had
been accepted this morning on cable offers
last night. a dispatch from Duluth reported
10000 bushels taken there for export, or
100000 bushels during the past two days.
There was active buying on New York and
Northwest account and by local shorts, with
the offering rather light and sellers conserva-
tive and cautious. News from the North
west was conflicting. but the impression con-
veyed was that while the weather was still
bad in some localities the general situation
had greatly improved. In the Southwest the
seeding of winter wheat was said to be pro-
ceeding rapidly. the late rains having put
the ground in fine condition. Ream was
good buyer, but IL is possible that he was
simply covering shorts, and he is known to
have sold heavily around 9ec and 99c few
days ago. Logan. schwartz .Dupee, Kenneth,
Hopkins and Lamson Bros. were among
the best buyers, with HutchInson's brok-
ers Hatley Bros, Arthur Orr IL Bros.
liberal sellers. .Milmfne- Bodman bought
early, but sold generously on the advance.
December opened at 9Slsc, sold to 99I2c,
broke TO 99l4c, then advanced with inmate
rial reactions to SI.0cl2c. In the afternoon it
eased off some on realizing sales, going to 81,
but stronger English cables and report that
seventy boat loads had been taken at New
York for export and thirty at Boston. the
price reacted TO Sl.00l2 and closed steady at
Sl.00A. The closing continental cables
quoted Berlin 3l2 marks lower for October,
Paris 10 centimes higher on November, but
ID centimes lower on January and April, with
Antwerp 1919 cenIimes higher.
Corn was strong and higher, largely in
sympathy with wheat but partly on account
of the small receipts, only 81 cars peing in
spected in where so were expected
Trade was slow, however, with Bartlett
Fraser the best buyers and Poole-Sherman
liberal sellers. October opened at 52l2c,
touched 52ssc, sold to 53l2c without material
recession, but weakened near the end of the
session, and closed at IS Ice, against 52ssc at
the close yesterday.
Oats were neglected and the price re-
mained steady.
Hog products were weak and lower on free
selling by packers and liquidation by Decem
Der longs: this in the face of higher prices
for hogs. The close shows a loss of 5G110c in
the price of pork; 2l2@5c in lard, and 2l2c III
ribs, except october, which is unchanged.
The leading futures ranged as follows: