The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1896-10-13
THAT MARK ONCE MORE TOUCHED
IN THE DEALINGS AT CHI
CAGO.
ADVANCE NOT SUSTAINED.
WITH A GAIN OF AN
EIGHTH.
INDIA CROP DAMAGE REPORTS.
That Gave to the Market Its
Great Strength.

CHICAGO, Oct L. - December
wheat reached the zoe mark today. The
strength came principally from re-
newed damage reports from India.
The advance was not held, however,
December closing with a gain of 1sc.
Corn advanced 1ac and oats Nc. Pro-
visions were unusually active and
strong, closing 2214@321ac higher
Wheat opened at slight decline from
the prices prevailing at the c4ose Sat-
urday The government report indi-
Gated the total winter and spring wheat
crop to be about 431, 900, 900 bushels.
That favored the bulls. but the re-
ceipts here and in the Northwest for
the day were very heavy to come from
such small crop, and that stimulated
the bears. Liverpool was quiet and
unchanged. according to the first ca
Diagrams received, but Berlin started
the week at from IL marks to 2A
marks advance. The opening tran
sactions for December were at from
6Ss4cto $3.50, as against 69c. Saturdays
closing prices, and those were the low
est prices during the day. The subse-
quent rise was slow and stubbornly
contested at first, for there was much
in the days domestic news 10 encour-
age selling by all, but the most enthu-
siastic of the bull crowd. The foreign
news was, however, of a strongly bull
ish flavor, except as regarded the
shipments from Danubian and Russian
ports, those being heavy. The Indian
need of wheat was apparently con-
firmed by private letters, and by
OF hi
ments of wheat at San Francisco for
shipment to India. San Francisco
wired that England, Australia and In
Ola were all competitors for wheat
there. All cabled offers Of flour by
local and Minneapolis millers were &C
cepted. Later cables came surprising
ly firm. Paris and Berlin closed with
almost boom, and Liverpool closed
strong. The receipts here were 504
cars. Minneapolis and Duluth got
1,709 cars, against 1903 the preceding
Monday, and zoos on the corresponding
day of the year before. The visible
showed an increase of 2,318 900 bushels,
compared with an increase OF 2,649
bushels on the similar week of the
year before. Liverpool stocks, which
were very small before, are 10000
bushels less than they were a week
ago. The price rose to 70@701sc about
an hour from the close, but the in
eV1table selling to realize profits caused
1-cent reaction, and at the close 691sc
was the current price. Corn was in no
need Of assistance from the wheat pit
to keep up it's end of the bull campaign
which is now on. May opened I'M
changed at 27Ssc, advanced to 2SAc
and closed firm at 27Bc. In oats quite
Il good business was transacted There
was firm demand from shorts, but
the strength came principally from the
advance in wheat and corn. May
opened unchanged at 201sc, advanced to
205sc and closed steady at 203sc. Pro-
visions were strong and active. Pack
ers were prominent buyers and there
Y as considerable stop loss buying. Jan
uary pork closed 3214c higher at $S15;
January lard 221sc higher at 81. 721a !;
January ribs 221ac higher at $4.10. Es-
tlmated receipts Tuesday: Wheat, $40
cars; corn, 1875 cars; oats, 685 cars;
hogs, $4,000 head
The leading futures ranged as follows: