St. Paul daily globe., 1891-09-22
At Chicago the Leading Cereal
Opened a Half to Two
Cents Higher.
The Rise and the Strength
Displayed We're Owing to
Foreign News.
Partridge and Smaller Shorts
We're All Struggling to i
Get In. %
Activity Marked the Opening
Of a New Weeks Trading
on Wall Street. Ia

CHICAGO, Sept. 21.-Wheat surprised the
trade this morning by opening about la92c
higher than it closed Saturday, showing
much strength for a time and quickly selling
at 2I2c advance. The strength was due to
Liverpool cables, which quoted that market
Id higher on spot and I'd higher on futures:
consols were quoted lower, and this, taken in
connection with reported desttution in parts
OF Germany, and an estimate by the Amer
lean Agricuturist that the worlds supply of
wheat and rye would not be less than 0,0O0,-
600 bu short and might reach 400.000,000, even
granting an export surplus of 225, 000,O00 bu
for the United States and Canada, made
traders nervous and bullishly inclined.
New York and other domestic markets
started strong and at good advance, and
added to the local strength. Pardridge was
understood TO be covering liberal line, and
the smaller shorts were also struggling to get
in, but there was very little for sale, and
business was consequently not as active as
the decided advance would indicate De-
cember stated at Sl.OOss@1 O07s, against 9ss4
@9S7sc at the close Saturday, ana quickly
touched Si.0lA; then, on liberal selling by
New York and st. Louis through Logan
White and Others together with lower cables
from the United kingdam and reported
break of five marks at Berlin, there was q
carried it to Sl.007s.
There was light recession toward noon,
but firmness was the prevailing feeling dur
ing the last hour, with fluctuations between
Sl.00l2GD1 00s4, with the close at 81. .005s. The
board of trades closing, cable quoted Berlin
5l2 marks lower, with London unchanged
and Paris unchanged TO fraction lower. A
report of wet weather i'll England damaging
wheat in the fields was one reason for the
strength displayed by the market.
Corn was fairly active and strong early in
sympathy with the strength in wheat but
there was vigorous selling OH the advance,
and the belief that the crop is now virtually
out of peril was weak factor. The market
presented no important features. October
sold from 50l2c to 5lAc, against 504Sc at the
close Saturday. Then it began to break, and
sold to SOC. up to 50S4c, then off 10 49l2c, re-
acted to 50l2c and, in the afternoon, rallied
to 51ssc, broke to 507sc, but rallied and closed
at 5lssc. Condor and Champlin, who were
understood to be covering poor sales, were
the best buyers.
Oats were quiet and steady TO weak. closing
within l8c OF the bottom. with fluctuations
confined to range of A@Ssc.
Provisions were inclined to be strong early
on the recession of = 1-16c in the price of
British consols, as indicating some nervous
ness over the European situation and the ad-
vance in the price of cereals. Later the
market fluctuated frequently in sympathy
with corn. The fluctuations were narrow.
however, therein, pork being confined to a
range of 2l297l2c, with the close at an ad-
vance of l2l2020c over Saturdays close.
Lard closed at from 211ac lower to sc higher
Ribs are 2l205c up.
The leading futures ranged as follows: