The representative. [volume] (St. Paul, Minn.) 1893-1901, 1896-09-16
CHICAGO GRAIN,

CHICAGO, Sept 14-Sharp advances in
all the foreign markets had their natural
effect on the local wheat market today,
December closing Ac higher than the final
figures of Saturday. Corn and oats were
strong with wheat and closed &c and Ac
higher respectively. Prosisions advanced
2lR@7lac.
The most influential news received before
the opening which was thought likely to
affect wheat was the heavy worlds ship
ments. Private cablegrams reported the
shipments for the week from the Black
Sea ports at from 100000 blu. to 1900 900
bu., which suggested a total of about
$4,000 bu. as the worlds clearances. In
addition to that the receipts at Mime
apolis and Duluth were 1902 carloads.
compared with 1,6H cars on the corre-
spending day of the previous year. Chi
cago receipts were 1876 cars, of which only
eight were contract. Receipts here 2 year
ago were 81 cars. The market consequent
ly got a weak start, but a good demand
sprang UP at the decline and lifted the
prce before an hour of the session had
passed to 6O1s@6014c for December, the
first transaction having been at from
595s to 59lAc. about &c below Saturdays
close
Great irregularity characterized the fiuc-
tuatio1s during the remainder of the fore
noon the market going from strong to weak
and back again to strong several times
but keeping substantially within the limits
OF the range already given. The visible
supply statement showed an increase Of
1117.0C0 bushels and some decline followed
the announcement. Reports are said to
have been received of damage to the grow
ing wheat in Argentina from locusts and
that caused the buying of some wheat.
st. Louis wired that 100 900 bushels had been
sold there for export and some more was
bought on that. Liverpool cables which
showed an opening advance of I'D came still
stronger at the close as did also Berlin
2 and Antwerp. This caused shorts to
scramble a chor
upturn to prices. December touching 6OA@
60ssc. the high point Of the day. Near the
close realizing sales caused a decline to
59Ac. but the influence of the strong cables
and the official figures of worlds shipments
which were 100000 bushels less than the
bears anticipated created another buying
boom and December advanced to 6O1sc
where 1t closed.
Corn was blessed with more activity than
usual and prices at the close showed quite
a. substantial advance. The rainy weather
was bull factor it being regarded as put
ting corn in bad shape to resist freeze
Inc market was also helped by the strength
OF wheat and held firm in spite of consider
able local selling. May opened uncha eyed
at 21asc. advanced to 247sc and closed at
AAc.
Oats were quiet and without independence
the greater part of the session. prices being
influenced mostly by the advance of corn
Toward the close increased offerings and
rather large estimates for. tomorrow crea4
ted an easier feeling and CONSEQUENT
slight decline. May opened unchanged at
1sc, advanced to 1910 and closed steady at
1S1sQ19Hc.
Provisions were firm but quiet after a
slight decline caused by unusually heavy
hog receipts; prices rallied on fairly good
support by packers, the small estimates
for tomorrow also helping to strengthen
the market. The closing was steady. jan
uary pork CLOSED TIC higher at $675. Janu-
ary lard about nc higher at $3.6003. 62h.
January ribs 21kc higher at $a37A.
Estimated receipts Tuesday; wheat Us