St. Paul daily globe., 1894-10-01
CORN LED THE ADVANCE.
Provisions Firm, and Closed
With Moderate
Gains.
SOME ACTIVITY IN STOCKS.
An Unsettled Condition Pre-.
vailing--Sugar Records a
Decline.

CHICAGO, Sept. 29.-Helped by good
buying and talk of wheat for feeding
stock. the wheat and corn markets
turned today and sailed along steadily
in the teeth of very severe bearish
wind. 1t closed with gain of &c per
bushel. Corn improved lc for May and
October and &c for December. Pro-
visions acted firm and closed with a
moderate gain. Oats followed corn and
closed 1ac higher for May. Wheat
opened strong for change of 5315c bid
for December compared with 534c at
the close yesterday. 1t ruled firm for
setback, which, however, was of short
duration. 1t sold sparingly at $3.50,
and then worked back to around $3.50
$500, with an appearance of tirmness
at that which the shorts did not relish.
The regular routine market news
afforded no explanation of the firmness,
nearly everything pointing to the
probable aggravatiOn of those features
of the situation which have hitherto
caused so many of the traders to sell
confidently on every slight rally. The
buying of some 250.000 or 300, 900 bushels
yesterday by w. r. Linn influenced
perhaps 100 local pit spectators, who
may have taken matter of 25. 900
bushels each off the market. That had
some effect OIL the bull side.
The hog consumption of wheat Is
coming more plainly in evidence. and
today's advance in the face of general
unfavorable outlook proves that the
foregoing considerations were gaining
weight. The weeks exports of wheat
and flour from both coasts. reported by
Bradstreets, amounted to 1862, COO bush
els. against 1885,, 900 bushels all the cor
responding week of last year. Foreign
markets were all weak and lower. An
other heavy increase in the visible is
looked for OIL Monday. Business was
fairly brisk and we'll sustained during
the session. December near the close
rose to 531sc. and closed at 5394 Q535Sc.
The taking of all the No. l. northern
and No. hard spring wheat in New
York at SIC over December by the mill
ers of that place helped to sustain the
advance toward the close.
The corn market was strong and re-.
covered all of yesterdays decline and
nc III addition thereto. There was a
sudden drying up of the offerings as re-
ported by receiving houses. The country
advices are very generally to the effect
that reserves OF old corn are very light
and new corn is not expected to be ia
condition to move much before Decenl-
ber. Today's receipts were 239 cars
and only $50 are estimated for Monday.
May opened at 491ac and near the close
it was worth 503sc with 504c bid as the
session was ending.
A fairly active session was passed In
oats, and values we're all higher. Sym
pathy with corn was principally influ-
entail in causing the frmness. The
greater part of the trading was scat
tered. and special sales were numerous.
May started at an advance OF 4c over
yesterdays last quotation at $500,
touched 331ic, and advanced to 1890. at
which price it was offered at the close.
October closed Sc higher at 2S14c bid.
The provision market was firm. with
good general buying by outsiders and
packers. Hog receipts were 10000. and
were quoted at &c higher. The weeks
receipts were only 90.250, and only 10O,-
00O are looked for next week. Prices
for January delivery, compared with
those at the end of yesterdays session,
are SC higher for pork, lard and ribs.
Freight rates steady at 11ac for wheat,
1850 for corn, and Nc for oats to Buff
talo, and l14c for corn to Port Huron.
Open High, Low Clos