St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1894-10-19
LED IN UPWARD MOVE
Cablegrams Being More En-
couraging and Scalp
epS Active.
SOME ADVANCE IN STOCKS.
The Market Stiffened After a
Weak Day in the
Street.

CHICAGO, Oct. IS. - Better cables,
better export demand sent wheat up q &c
today, but liberal offerings at the close
weakened the market, and December
finished but &c higher. Corn and oats
closed practically unchanged and pro-
visions with slight losses. Wheat opened
&c over yesterdays closing prices. The
cablegrams were more encouraging
than have been coming to hand
of LATE. The Cincinnati Price Cur
ter wheat was still restricted and
the feeding of it maintained. After
some selling against calls had caused a
slight shading of the first advance, New
York infused little more spirit into
the bulls by wiring that there were
some foreign buying orders there from
the continent, upon which information
another &c per Blu was added to the
gain with which the market opened.
Primary market receipts were smaller
than on any previous day, and the At
lantic port clearances were larger. De-
cember wheat opened at 5215c, sold
sparingly at 525sc, and after reactlng
to $3.50 it rose to 52Ic. The alb
sence of wheat in the New York
clearances was somewhat disappointing
to the bulls and cooled their ardor for a
while. The price began to weaken
again, and was down again to $3.50
5215c about 1880 a. m. Although a
good deal of selling out by scalpers
caused comparative weakness now and
then, the market made higher reactions
after each decline. The ameer of AT
ghaniStan dead. damage to the Argen-
tine wheat crop confirmed, and repe-
tition of the early reports from New
York of good demand from the conti-
nent, were the later influences which
put December up to 5Sc. Offerings i'll
creased near the close and the market
declined to moderate extent, Decem.
Der finishing at 5212
Corn averaged tirmer. 1t started with
some trading at the price it stopped at
yesterday, and little at &c per bushel
higher. The better feeling was due in
part to the irmness of wheat. The
daily reports Of disappointing results
from huskingS were continued, and
those came today from Illinois. Iowa.
and Ohio in greater number than be-
fore. The principal bearish factor was
SAID to be the seeming Indifference of
the Eastern consumers, who do not ap-
pear to view the light stocks with any
alarm. The days fluctuations for May
delivery were confined within the lin
its uf 49ssc and 1890. the latest trading
being at 4935@491zc, or Lice lower than
it closed yesterday.
Trading in oats was quiet and con-
fined almost entirely to scalpers and
local parties. A slightly firmer feeling
existed in sympathy with corn. May
started at 325sc. sold as low as 32115c, as
high AS 3222lc,and at noon was selling at
3235s5325sc. closing at 323s9321Sc.
Liberal receipts of hogs caused
heaviness in the market, but very little
trading resulted. Fluctuations were as
| narrow as result of general disin-
clination to do business. The leaders
refralned from leading, and their fol-
levers stood still. Prices started with
decline of sc in pork. lard and ribs,
and that represented at the close the
| result of the days business In lard and
ribs, pork losing another exc.
Rail rates on provisions to New York
are demcraliZed. There are said to be
| three lines who are making cut of &c
to 23c per 100 lbs. Lake business dull.
Corn and barley for Buffalo at 1c.
The leading futures ranged as follows