St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1894-10-05
WHEAT AND CORN GO UP.
Advance Of I Cent in the For
mer and 2 Cents in the
Latter Recorded.
STOCKS DECIDEDLY STRONG,
Due to a Lively Bull Raid
on the Short Inter-
eStS.

CHICAGO. Oct. 4.-Despite the ap.
parent collapse of the European war
scare the grain markets were firm today,
closing with wheat 1c higher, corn &c
higher for October and 11sc higher for
May. Oats show gain of nc. Pro-
visions marred the general harmony by
acting weak and closing lower. The
Northwestern receipts at country points
were reported to have fallen off about
% per cent, spring wheat was in good
demand for shipment East. and fear
that the movement was about to give
further evidence of the liberal feeling,
all contributed to the days strength.
Wheat opened firm Oh what the shorts
saw in the morning papers about war.
While that class of buying received a
little stimulus from the cause referred
to, buying for long account did not seem
to he inspired by it to any great extent.
English consols recovered some of yes
terday's decline, and private cablegrams
reported an abatement in England of
the war scare. Liverpool was, however,
reported firm at the opening for wheat.
and Paris and Berlin were likewise
observed the receipts at Minneapolis
and Duluth were 929 cars. and that
spoiled their appetite for the time being.
The buying shorts were numerous
enough, however, to keep the price &c
above yesterdays closing figures. De-
cember wheat opened with buyers at
531lc, kept within the range of that and
$500 for time.
December had gradually weakened
until there were sellers for matter of
ten minutes or 80 at 53Hc: just then it
began to be whispered about that 800, 900
bu OF No. spring wheat had been sold
here for shipment. and that caused a
scramble among the shorts for the offer
ingS. which dried up suddenly when
wanted. and the shorts bid December
up to $500. The primary market re-
ceipts gave further evidence of the ap-
proach of comparative scarcity. They
amounted to only 100000 blu. Export
clearances from the Atlantic ports were
light. amounting to only 294, 900 blu in
wheat and flour together. Second
cablegrams reported Berlin lower. but
| Paris retaining the early slight
advance and Liverpool I'd higher since
| yesterday for red winter. What was
taken for confirmation of the sales here
of the 100000 bu of spring wheat gave
the market another hoist. December
touching on this squirt 53sslI@535sc. The
confirmation referred to was the naming
OF the reputed purchasers, Edgerton
and Winans. Armour & Co.'s name
was mentioned as the reputed sellers of
wheat. This stimulated buying, and
another rise to 541sc took place. The
market ruled strong to the end. De-
cember touched sac. and closed at sac.
Reports of much smaller receipts at
country points in the Northwest today
were an element which went to the max
ing up of the days bulIishness.
The receipts of corn were light, num-
bering only fifty-one cars and only
eighty are estimated for tomorrow. The
small receipts. the moderate number
estimated and the strength in wheat
and activity in the demand for the near
deliveries of corn all conspired to make
strong market for the latter article.
October corn. which closed yesterday at
1890, rose to 501ac and closed at the lat
ter price. May opened irreguIarly at
from 504c to 501ac, and, after fluctuat.
ing during the greater part of the FORE
noon between 5O4c and 495sc.it became
very strong and sold up 10 5l@5115c and
closed at 501sc bid. Country offerings
were reported to be light, and the sea-
uodIO users OI COfn WoTc SdlQ 10 Dc
| showing more desire to buy. Business
| in speculative way was fairly active.
| In oats there was large amount of
| stuff changed hands and quite an ad-
vance in prices. The tirmness in corn,
together with a generally good DISPOSE
ton to buy, were both influential in
causing oat values to advance. Sellers
| were quite numerous, but buyers. prin-
cipally shorts, were considerably In the
majority. Trading was almost all
scattered. Carringtou-Hannah, how
ever. bought freely. May started &c
higher than it closed yesterday, at 49, SC.
sold down to 1890 and up to 3414c. clos
ing at 341s934I4c.
A weak lfog market and strong oppo-
sitlon to an advance in prices by the
| packing interests caused weakness In
provisions. Business was rather light
and offerings not pressed in large
amounts. Pork broke 30 cents. lard
221ac and ribs i5c. Later the strength
in grain helped to some Improvement,
and the losses at the close amounted to
only 71ac In pork and ribs and l0c in
lard. Hog receipts were $1,000.
Freights fair, 1850 tor wheat and Ic
for corn to Buffalo.
The leading futures ranged as follows
| Open High Low ! Clos