St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1894-10-24
A RUSH AT THE CLOSE.
Vigorous Covering by Shorts
Sent Wheat Up After a
Weak Day.
CORN AND OATS FOLLOW.
Strong at the Close--Provis-
ions Dull, Weak and
Declining.
CORN AND OATS FOLLOW
DULL DAY IN STOCKS.
Market Practically Confined to
Professional Trading and
Closed Unsettled.

CHICAGO, Oct. 23-After a dull and
weak session, due to a combination of
bearish influences, the wheat market
woke up at the finish today, and, star
tied by vigorous covering by shorts,
closed sc higher for December. May
corn closed unchanged, May oats un-
changed and provisions at slight de-
clines.
Heavy leceipts in the Northwest to-
day and heavy Accommodations of country
elevator stocks i'll that part of the CONN.,
try during the last week were the chief
influences in wheat at the opening. The
market dropped &c of its previous
value as soon as trading commenced.
Shorts, VINO had been waiting for
some of what they call good bear news
to cover on. had in that an opportunit y
to do so, for the local scalpers COM
menced 10 sell, and 100000 or 100000 bu
changed hands at from 5215c to
$3.50 for December, and from 57ssc to
5712c for May. But when the wheat
tor sale at those prices was exhausted
the price reacted to the highest price
previously paid.
December. which closed yesterday at
525sc, opened at $3.50. 1t stood at 525Sc
for long time, with an occasional dip
1-16c below that, and when Bradstreet's
visible came in it sold for few mo-
ments at 521sc. An inquiry for hard
spring wheat was reported at some
sales. New York wired that if freight
room were plentiful a heavy export
business would be done. Those latter
matters caused some shorts to cover,
and caused December to touch 521sc
about half All hour from the close, and
at the finish sent it to 53c.
Corn was weak at the start and dur
ing the first half of the session; firm
and in good demand during the latter
half. May opened at 1870. or &c below
its closing value on the day before. 1t
remained dull. selling at 1890 for Sec
ond, but steady for the greater part of
the time in the forenoon at 1910. After
the estimated receipts for tomorrow
were known to be very small and some
shipping demand was found to exist
the market became firm. and near the
end quite strong, May advancing to
5014c, and closing at 501sc bid.
Trading in oats was limited. The
market followed corn. and even
though the OlerlnSS were IlSnt, tney
far exceeded the inquiry. May started
at 32Nc, touched 322sc and sold down to
3214c. reacting with com and closing at
S259sc.
Provisions we're very dull and had
none of the firmness which was thought
to be underlying the market Yesterday.
The opening prices were shade under
closing quotations of yesterday, and a
slight further decline occurred later
and was still maintained at the end.
Compared with closing prices Of the day
before, pork is TIC and lard and ribs
each sc lower. Hog receipts today were
10000, and 10000 are estimated for to-
morrow. The decline was in sympathy
with corn, but the market failed to rally
when the grain market advanced.
Freights-lc for grain to Buffalo, and
cargo of wheat to Milwaukee paid nc.
The leading futures ranged as follows: