St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1891-10-29
A THRILLING ADVANCE
Wheat on Chicago Board Of
Trade Fluetuated Badly,
but Gained.
Unfavorable Reports Caused
I'D a Rise Of Nearly a Cent
on the Day.
IL
Corn, Oats and Hog Products
10 Were Fairly Strong at
$. Closing.
Material Reductions in the
Prices Of Wall Street
% Stocks.

CHICAGO, Oct 2s--Wheat was f1uctuating
throughout the session. II opened 14@l2c
lower and eased off 1sc more; then reports
of drouth damage to seeded crops caused re-
action and prices advanced 1c. subsequently
prices declined l2@6sc, Jailed again. and the
closing was &@D7sc higher than yesterday.
The lower opening was continuation of the
weakness developed yesterday, and weaker
cables. There was considerable long" wheat
sold early i'll the session, thought to be on
New York account, weakness in the market
inducing some holders to sell out
The advance which followed the early de-
cline was due to rather unfavorable reports
of the growing crop. 1t is claimed that the
wheat is making slow progress owing to lack
of moisture. The Missouri state report. it is
claimed, says the plant is coming
up very uneven or lying in the dust.
From Kansas reports were received
saying the crop looks spotted. There was
some buying on these reports for an upturn
in the market, and shorts" covered some.
Later Bradstreet's report of wheat supplies,
which showed an increase of 5,507.000 BUSH
els east and west of the rockies. h ad a weak
ening effect. Some of the wheat bought
early i'll the day was sold out again.
The export clearances from four ports ag-
gregated 4i3,000 bushels wheat and -four in
addition to which New Orleans shipped 129-
600 bushels-chiefy to the continent. Toward
the extreme close another batch of unfavor-
able crop news was received from the South
west and caused the rally to outside prices.
Arrivals in the Northwest were smaller Re-
ceipts at Duluth were $40 cars. and Minneap-
oils AIS cars-a total of 997 cars. against
1,206 cars yesterday and $50 cars a year
ago. Local receipts were 800 cars,
of which GA cars were of contract
grade. Withdrawals from store, 103.s23 bu.
Receipts at all points aggregated ,962, 56S bu.,
and shipments from same were S32, 1856 bu.
The export clearances from four ports were
2. 100 bbls of honr and 313.145 Blu OF wheat.
December wheat opened with sales at 93s4@
9378c, quickly selling to 95sSc, then to 94l4 C,
and at 9iA094ssc together to 9}7sc, to 9ils c.
to 93s4c to 9ils09iAc, at 9lIs00is4 C, and
closed at 9iS4c asked.
Corn was inclined to weakness early. but
later the covering by shorts was resumed,
and there was very strong feeling. The
corn market developed more strength during
the last hour OH higher cables an advance in
covering by shorts November advanced to
53l2c and year to 46ssc, and at o'clock No
vember was $3.50 and year Acc. May ranged
at alag 1913.
Oats were very weak early on the large re-
ceipts November sold off to pc and May at
3IAc. Both reacted later to 291sc. Novem-
Der and May 30l9c, but softened a little after
ward During the last part OF the session
November sold to 29ssc and May to 3lssc, but
eased off fraction.
Hog products were weak and lower early
on the continued large arrival of hogs and
Sill, sold at Sll.6'I2. fell to S1O.02la. then up
to Sl1.05 and off to Sl1. January lard sold
from S6.2J to S6.05, and then to S6.1713. Jan
uary ribs ranged at S5.6fI201j.10. The market
was quiet, but rather firm during the last
hour, and a. 1 O'Clock January pork was
abont SlI .02l2, January lard S6. 15@6, I7l2, and
January ribs So. 7G(@5. 7212.
The leading futures ranged as follows: