St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1891-10-30
Chicago Market for Cereals
Was Lively and Prices
Were Better.
Weather Reports, Higher Ca
. bles and Russian Action
Aided the Increase.
Corn Unsettled, Oats Strong,
and Hog Products Gain a
Trifle.
New York Stock Market Was
Strong and Rather More
Active.

CHICAGO, Oct 29.-There was more life in
the wheat market to-day, due'to a combina
ton of circumstances. and higher range OF
prices was established. The influences di
rectly accountable for the advance day
were dry weather reports, higher cables and
rumors that the export of grain from Russia
would certainly be prohibited. Some of the
large ''shorts" endeavored to keep prices
down, and were successful in causing tenn
porary reaction from outside prices. aided by
some realizing sales at the advance. The
speculative offerings were quite heavy, and
prevented further rise in prices at the
time.
The drought news was in substance about
the same as yesterday. lack of moisture in
the winter wheat country, causing some ap-
prehension for the growing crop. Gables
were higher, due. it was claimed, TO the news
from Russia. it being rumored that the ex.
portation of grain will be prohibited on and
after Nov. 5. Liverpool was l2@1d higher;
London was unchanged; Berlin was 1l4@2c
higher; Antwerp unchanged, and Paris sac
1ssc higher. The receipts in the Northwest
continue liberal, bnt advices from that sec
ton were received claiming that farmers
were stacking their wheat and refusing to
sell at present prices, and receipts may let up
some.
gregated from four ports $4,000 bushels
wheat and fiout. New York reported twenty
loads taken for export. Freight room for
Co., 900 bushels engaged here. Arrivals in the
Northwest were liberal. receipts at Duluth
were $40 cars and Minneapolis $50 cars-a
total of l.0e5 cars, against !p7 cars yesterday
and GIL cars year ago Local receipts were
536 cars, of which 81 cars were of contract
grade. Withdrawals from store, 22S, 9lS bush
els. Receipts at all points aggregated l,73322,
ia bushels, and shipments from same were
LOB, sos bushels. The export clearances
from four ports were $4,000 barrels of flour
and 33l, 73l bushels of wheat In addition.
New Orleans shipped Il, liz bushels.
The opening was a little excited and sales
were made at lsgs4c advance on the closing
sales of yesterday, then eased off with some
slight fluctuations l2c, but again developed
q stronger feeling ana this time prices adj
slightly and closed about s4c higher than
closing figures yesterday.
Corn was little unsettled showing much
strength early aud selling higher, but broke
later on free selling by the longs and short
sales, but finally reacted. October sold at
5S84c early, broke to 56l2c, and back to 51s4c.
November sold from SLICE to 54S4c, then
broke TO 53Ac, but reacted to 5l4c. Year
sold at 46l2cQ4654c back to 4j7sc, and at II
o'clock was 45Ac. May ranged at 497s@
43Ac During the last hour the market be-
came very weak shorts had covered freely
and many had dropped out and as it began to
weaken, the selling pressure increased. No
vember was the weakest and sold off to 527sc.
and a: o'clock was about 53c: October fell
to SIC and year to 43c. May held quite steady
and at O'Clock was 43c.
Oats were strong and higher. November
sold at 2J7s 0}0ssc and May from 3lssc to
317sc and at II o'clock was fairly steady. An
easier feeling set in during the last hour, No
vember selling to soc and May TO 3l5sc.
Hog products were somewhat irregular, but
generally strong. in sympathy with grain. and
the fact that hog receipts were 5000 head less
than expected. January pork sold early at
Sill. 12l2 up to S1l25; off to S1l.15; back. to
sl1 .27l2, and at II O'Clock was Si1.22l2.
| ribs at S5.77I205.S5. There was a weaker
feeling toward the close. owing to the weak
ness in the grain pits and January pork
went back to $l1.20. January lard went to
$500 and January ribs to $3.50
The leading futures rangeI as follows: