St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1892-10-05
FIBMER AND HIGHER.
Bulls Gain the Aseendancy in
All Pits on Chicago
Change.
Wheat Sustained a Bulge of
1 Cent, and Corn Fol-
lowed.
Oats and Provisions Also
Show Good Gains at the
Close.
More Activity in Stocks Than
Witnessed for Many
Months.

CHICAGO. Oct. "A cent bulge In wheat
sustained to the finish was the feature on
change today. Corn gained s4c. October
pork and lard are up 12I2c. The presumably
cornered October ribs were stationary at
last nights figures.
Decidedly more life was manifested in
wheat than for some time past. The open-
ingwas about H2@ssc higher than the closing
figures of yesterday. ruled strong and prices
were advanced about Ac more, closing
steady within lsc Of top prices. The i'm
provement was attributed to stronger English
cables and to the decrease in the quantity of
wheat and flour on ocean passage as reported
by Beerbohm. Local receipts were under the
estimates. The receipts, too, in the North
west showed some let up. and operators ex-
pect still greater falling off in the move
ment in that section. The local sentiment
was very generally bullish, and there was an
exceptionally good class of buying with but
little for sale
Reports from abroad said that the thresh-
1ngs in England were very disappointing,
The wheat was of poor quality and English
m1llers were in great need of dry foreign
wheat It was also reported on the floor that
William Dunn had worked cargo for Eu-
rope at is advance on former quotations.
The amount of wheat and flour on passage
showed decrease during the week of 56S. 900
bushels. Mitchell Linn. Dunn. Champlin
Kennett-Hopkins, Norton-W orthington and
others were good buyers, with Partridge the
most prominent seller.
Corn was stronger and higher The re-
ceipts fell considerably below the estimates
the shipping demand remains active and the
out inspection continues heavy, 100000 bu
being reported today. Another reason for
the strength was found in the strong tone
which ruled i'll the wheat and provision mar
kets. Trade was liberal. and, though the
buying was scattered, the aggregate was
heavy, with only moderate offerings Coun-
try advices to receiving houses indicated a
probability of smaller receipts in the near
future. The Liverpool market was quoted
l2d lower, but it was said that stocks there
and in other British ports are light, and that
there is a likelihood of good export de.
mand this winter. The dry weather is re
ported as already affecting pastures
in the West: and this would mean a more
liberal feeding of corn 10 stock. Eastern
markets are said to be poorly supplied with
corn, and there is good demand from that
source, as is evidenced by the liberal daily
shipments from here. The heavy short lines
have been mostly covered, and assertions are
current that the big local players are now
favoring higher prices.
Oats followed corn pretty closely through
out the session, and was finally quoted at
from lac to ssc above recent figures. A light
general business was transacted
The provision market opened with only
light trade. and that was the condition of the
market throughout the session. Firmness
should, perhaps, be added to the days mar
ket characteristics. The cliques in com
mand of the ribs and lard deal still main
tanned their ascendency and prevented any
trading except of that character which is
usually described as having string to it. e
Freights were steady at the recent advance.
good business was done at 2I2c for wheat
and 2Hc for corn to Buffalo. Estimated re-
ce1pts for tomorrow: Wheat. $40 cars; corn,
525 cars; oats, $50 cars; hogs, $4,000.
The leading futures ranged as follows: