St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1894-10-20
IUUUt 1 JCUN UUIHtS
Good Demand for the Cereal
Strengthened the Market
Materially.
CABLEGRAMS ALL BULLISH.
Corn and Oats Also Show
Good Strength--ProviS-
ions Lower.
CABLEGRAMS ALL BULLISH.
STOCKS ON THE UP GRADE.
Changers Leading in the Adj
vance--Gold Exports Have
No Bearish Effect.

CHICAGO, Oct. 19.-The foreigners
woke up the wheat market today. They
took for export ZIG boatioads from At
lantic ports, and five cargoeS represent
ing, perhaps, 100000 blu more, at San
Francisco. The market ruled strong,
but only advanced &c as compared with
closing prices yesterday. Corn and oats
each finished sc higher, and provisions
weak and lower. There was shade of
greater confidence in December wheat
at 5215c at the opening. but it soon
began to tiutter and had gone out en-
tirely in the course of all hours trad
ing. Before the extinguisher was put
over the struggling feeling the price
had touched 5255ssG52$4c. but inside of
the hour it had twice sold at 52sss 00521sc.
The fluctuations in May during the
same time were between 5715c and
573sc and $3.50, the lower price
ruling last and the tendency was still
downward at the beginning of the
second hour of the session. The weak
hess which thus succeeded the earlier
strength was in spite of some bullish
dispatches with which the seaboard
piled this market. New York said their
cablegrams were all bullish and some
cable acceptances of wheat offered to
the United Kingdom yesterday were
received there. They also reiterated
Yesterdays reported damage to the Ar
gentine crop. Winter wheat markets
reported the probability of still smaller
receipts, and there were large tr ansac.
tons here in cash wheat for shipment.
The price had declined before IL O. clock
to 81 cents for May and 524 for Decem-
Der. Buying for export turned the mar
ket sharp around during the last hour.
Large export sales were made at At
lantic ports and San Francisco and the
price advanced rapidly at the close, De-
cember finishing at $3.50 and May at
57Yc.
The corn market was firmer, aud
scored a moderate advance. There was
more inquiry reported from the East
for cargo lots, and $4,000 bu is said to
have been placed: Receipts we're 14s
cars, instead OF 165 estimated, and only
40 are looked for tomorrow. The mar
ket, while firm, Was dull. May opened
at 491s@1493sc. aud stuck between these
prices until near the close, when the
advance in wheat caused it to jump to
and close at 4954c.
In oats fairly active session was
passed. Sellers. however, were not i'll.
clined to get rid of much of their hold
ings, and the consequences were quiet
market and higher values. May started
at 321ac, sold up to 32$4c, back to sage,
and shortly before the close at 325s(0
$3.50, finishing at 327sc.
The provision market was dull and
weak, and without especial feature.
Hog receipts were $4,000 today, and to.
morroW's run is estimated at $4,000.
TIE opening prices were at sc decline
in pork and 21ac in ribs. with lard be
ing for moment in advance of yester-
days closing price. The prices de-
clined another l5c for pork and 1Oc for
ribs, anu lard lost 7ac. with closing
about at the lowest of the days range.
Freights slow, with the rate on grain
to Buffalo 1c.
The leading futures rang ed as follows.