St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1894-10-08
BULLS PLAY HOGS
As an Important Factor In
the Speculate on in
Wheat. SfP{
Gay
SLIGHT GAINS RESULT.
stslj
Corn Also Shows Improve
ment--PrOviSionS Make
Advances.
STOCKS WERE IN DEMAND
lin
Bears Sought Shelter as
Prices Steadily Went
Upward.

CHICAGO, Oct. 6.-Trade was quiet
Oh Change today, but firmness charac-
terized the principal speculative mar
kets. Wheat gained sc as the result of
the days business. Corn rose lc per
bu for October delivery and ssc for
May. Oats are without change and pro-
visions higher. Diminishing receipts
helped wheat. and the other markets
sympathized. The hogs insist upon
being seriously considered as an
important integer in the wheat situation
this season, and it was because of their
forcing themselves prominently into
notice again this morning that the
market for the article opened firm.
Liberal export clearlngs for the week
of wheat and flour from both coasts
were likewise a supporting ele mental
the start, but the hog matter was much
the more important.
A conservative estimate based upon
the figures supplied by the stock yards
firm which collected statistics upon the
feeding of wheat to hogs suggested
possibility of 100000 bu per week
being at present used for that purpose.
If the article is disappearing i'll the
manner referred to, in few weeks at
most the receipts will give conclusive
evidence of it. 1t was apparent today
that the traders thought the indications
are already pointing in that direction.
The quantity received at primary
markets today. including what was
reported at Kansas City. amounted
to $4,000 blu, of which 510,-
900 bu were at Minneapolis and
Duluth. That leaves only $4,000
bu as the aggregate of all the other
primary markets receipts. including
ChlcagO's. The clearances from both
coasts for the week were S,343. QUO blu
compared with 2. ST., 900 bu last week.
The Minneapolis and Duluth receipts
in carloads were ST.. compared with $50
year ago. The cables were OF various
character. Liverpool was quoted steady.
but Paris and Berlin lower; dlspatchg
from an exporter at Baltimore, however,
reported Antwerp aud Germany as king
offers of wheat. Business in the pit was
dull and trading without special fea.
ture. The general tone was firm and
December closed at sac and May at
5914c. December opened at 53Mc and
fuctuated between that figure and 81 &c.
Corn received but moderate attention,
the market ruling much less active.
The feeling was fairly firm. There
were only SO cars in today and THIS
created steady opening, but on little
realizing the local "longs" carried prices
down half cent, the trade being OF the
evening-up order, the price afterwards
advancing &@9c, changing some, held
steady and closed at size for May.
There was moderate call for October,
and was generally held at 1s93sc pre-
MUM over May. May was sofa early
by some of the larger shipping and
private wire concerns, but later the
early sellers turned buyers and steadied
values. The estimated arrivals for
Monday were light at IS cars. and this
had strengthening tendency.
In oats but very small amount of
stuff changed hands. and with a very
narrow range of prices the market ruled
dull throughout the entire session.
There was no disposition to raid either
way. May started steady at SIC, sold off
to $500, and continued easier all day
until just previous to the close, when
SAC was again paid and the market
rested at that price, sellers.
Provisions started weak, but imme-
diately began to gather strength and
rose gradually without a great deal of
business passing, and closed at fair
advance on yesterday afternoons prices.
Hog receipts were 5000, and $4,000 are
estimated for Monday.
Compared with the closing prices Of
the day before pork is 1870 higher, lard
71ac and ribs 10c higher.
Freights slow at nc for corn to Buff
falo and Port Huron
The leading futures ranged as follows: