St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1894-10-07
BULLS ]. PLAY HOGS
AS an Important Factor in
the Speculation in
Wheat.
SLIGHT GAINS RESULT.
Corn Also Sho WIS Improve
ment--PrOviSionS Make
Advances.
STOCKS WERE IN DEMAND
Bears Sought Shelter as
Prices Steadily Went
Upward.

CHICAGO, Oct. 6.-Trade was quiet
on Change today, but firmness charae-
terized the principal speculative mar
kets. Wheat gained &c as the result OF
the days business. Corn rose lc per
bu for October. delivery and sc for
May. Oats are without change and pro-
visions higher. Diminishing receipts
helped wheat. and the other markets
sympathized. This 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 -four from both coasts
were likewise a supporting ele ment at
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 a
| possibility of 100000 bu per week
being at present used for that purpose.
Ii the article is disappearing in the
manner referred to. in a 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 bu, Of which 5lO.-
900 bu were at Minneapolis ami
Duluth. That leaves only 1879 200
bu as the aggregate of all the other
primary markets receipts, including
Chicago's. The clearances from both
coasts for the week were {, 343, QUO bu
compared with 2.562, ZOO bu last week.
The Minneapolis and Duluth receipts
in carloads were S62, compared with $50
a year ago. The cables were of various
character. Liverpool was quoted steady
but Paris and Berlin lower; dispatch
from an exporter at Baltimore, however,
reported Antwerp aud Germany as king
offers OF wheat. Business i'll the pit was
dull and trading without special fea.
ture. The general tone was firm and
December closed at sac and May at
594c. December opened at $500 and
t1uctuated between that figure and 5411sc.
Corn received but moderate attention,
the market ruling much less active.
The feeling was fairly firm. There
were only IS cars in today and this
created steady opening. but on a little
realizing the local "lOngS" carried prices
down half cent, the trade being OF the
evening-up order, the price afterwards
advancing 4@%c, changing some, held
steady and closed at SIG for May.
There was moderate cali for October,
and was generally held at 1s@5sc pre-
MUM over May. May was sold 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 engineering 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 34c, sold off
to 33Ac, and continued easier all day
until just previous to the close. when
34c 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 great deal of
business passing, and closed at a 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 1215c higher, lard
nc and ribs Zoe higher.
Freights slow at &c for corn to Buff
falo and Port Huron.
The leading futures ranged as follows: