St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1894-09-30
BULLS Have Y! INNINGS.
=. -'sis - ~
Grains Showed a Gain Ali
Around in the Mar.
kets,
CORN LED THE ADvAN CE.
Provisions Firm, and Closed
With Moderate
Gains.
SOME ACTIVITY IN STOCKS.
An Unsettled Condition Pre-
vailing--Sugar Records a
Decline.
CORN LED THE ADVANCE.
SOME ACTIVITY IN STOCKS.

CHICAGO, Sept. 29.-Helped by good
buying and talk7Of wheat for feeding
stock, the. wheat and corn markets
turned today and sailed along steadily
in the teeth of very severe bearish
wind. 1t closed with a gain of &c per
bushel. Corn improved 1c for May and
October and &c for December. Pro-
visions acted firm and closed with a
moderate gain. Oats followed corn and
closed &c higher for May. Wheat
opened strong for change of $3.50 bid
for December compared with 531lc at
the close yesterday. 1t ruled firm for
half an hour or go and then had slight
setback, which, however. was of short
duration. 1t sold sparingly at $500,
and then worked back to around $500
$3.50, with an appearance of firmness
at that which the shorts did not relish.
The regular routine market news
afforded no explanation of the firmness,
nearly everything pointing to the
probable aggravation of those features
Of the situation which have hitherto
caused SO many of the traders to sell
confidently on every slight rally. The
buying of some 25O.OOO or 800, 1000 bushels
yesterday by w. r. Linn influenced
perhaps 100 local pit spectators, who
may have taken matter of $4,000
Bushels each off the market. That had
some effect OIL the bull side.
The hog consumption of wheat IS
coming more plainly in evidence. and
today's advance in the face of a general
unfavorable outlook proves that the
foregoing considerations were gaining
weight. The weeks exports of wheat
and flour from both coasts. reported by
BradstreetS, amounted to 1862, COO bush
els. against 1857, 900 bushels an the cor
responding week of last year. Foreign
markets were all weak and lower. An
other heavy increase in the visible is
looked for on Monday. Business was
fairly brisk and well sustained during
the session. December near the close
rose to $3.50, and closed at 53s40l535ac.
The taking of all the No. l. northern
and No. hard spring wheat in New
York at SIC over December by the mill
ers of that place helped to sustain the
advance toward the close.
The corn market was strong and re-
covered all of yesterdays decline and
&c III addition thereto. There was
sudden drying up of the offerings as re-
pOrteu ny receiving houses. 1 he country
adyces are very generally to the effect
that reserves OF Old corn are very light
and new corn is not expected to be in
condition to move much before Decem-
Der. T0day's receipts were 239 cars
and only $50 are estimated for Monday.
May opened at 1910 and near the close
it was worth 50s5c with 501lc bid as the
session was ending.
A fairly active session was passed in
oats, and values were all higher. SYM
patty with corn was principally influ-s
entail in causing the firmnesS. The
greater part of the trading was scat
tered. and special sales were numerous.
May started at an advance Of ne over
yesterdays last quotation at 1880,
touched 3314c, and advanced to 1870, at
which price it was offered at the close.
October closed &c higher at 2S4c bid.
The provision market was firm. with
good general buying by outsiders and
packers. Hog receipts were 10000. and
were quoted at Sc higher. The weeks
receipts were only 90.250, and only 100,-
600 are looked for next week. Prices
for January delivery, compared with
those at the end of yesterdays session,
are &c higher for pork, lard and ribs.
Freight rates steady at &c for wheat,
1850 for corn, and AZ for oats to Buff
tal0, and l &c for corn to Port Huron.