St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1892-10-08
FAVORED THE BULLS.
Early in the Session a Strong
Feeling Pervaded the
Wheat Market.
Later Prices Declined, but
Recovered and Closed
Near the Top.
Corn Fluctuated, but Closed
Higher Than Thursdays
Final Figures.
Important Movements in Wall
Street Confined to the
InduStPialS.

CHICAGO, Oct. IA strong feeling pervaded
the market during the early part of the ses-
sion today, and prices for the first hour or so
were about Ac above Yesterdays close.
Later there was generous selling, under
which all the advance was gradually lost
The principal factor of strength was the dry
weather III the winter wheat sections and
the confirmatory reports of damage to the
crop. AS this was supplemented by strong
and higher cables and some improvement in
seaboard markets, the local feeling was for
a time quite bulllsh. Shorts were good buy
ers. for the purpose OF covering their
outstanding contracts, and there was also
a fair investment demand, while the selling
was for a time rather limited and cautious
Clearances from the seaboard were also
larger than usual, the reported move ment in
wheat and -four footing up over 100000 bu,
though there are not a few who questioned
the accuracy of the report from Baltimore
which showed expor is of $1,000 bbls of flour
equal to nearly 40, 900 bu of wheat
But finally Partridge began to sell gener-
ouSly, and was soon joined by Others and
the most urgent orders having been filed,
prices weakened and the early advance was
lost The selling was attributed to the cloudy
weather, with promise of rain. Later there
was good buying at the reduction. and
a rally of about s4c, closing firm, near the
top December started at tGa4c, against 165sc
at the close yesterday; sold up to 77Isc. broke
TO 7os4c, advanced to 77l2c, and closed at
Tssc.
Corn was quiet, but stronger early in the
session. inf1ueaced chiefly by the trmness in
wheat and provisions. but as both of these
weakened later, corn also lost some of it's
strength. There WAS nothing of especial in
terest in the market and the bullish senti-
ment was not very general as there was free
selling on all the hard spots. December
opened at 454sc, weakened to 4la4c rallied
with wheat toward the close, and closed firm
at 4:Isc, an advance of 1sc over yesterdays
final figures
Oats were steady, fluctuations for the active
options being confined to a range of Sac, with
the close at top figures. Csc above Yesterdays
closing price.
Hog products started higher or good buy
ing by the local bulls. and some advance IN
live hogs at the yards, but on the advance
good many longs began to realize. and the
early advance in hogs being lost, there was
a considerable drop in that product Bald
win, Schwartz IL Dupee, Steever, Logan,
Anglo and other leading operators sold freely
on the advance. This carried prices below
the opening. Later there was a slight re-
action i'll sympathy with the strength in
grains, and the close shows all advance of
712c in November pork, but loss of like
amount iii January. Lard and ribs are 2I4c
Lake freighis steady on the basis of &c TOR
corn to Buffalo Estimated receipts for to-
morrow: Wheat, $50 cars: corn. rs cars;
oats, 80 cors; hogs, 1900 head.
The leading futures ranged as foil ows.