The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1896-10-27
TRADERS IN CHICAGO UNCERTAIN
WHETHER TO BUY OF TO
SELL.
FULL CENT FINALLY ADDED.
s,HE nays FLUCTUATIONS NERv-
Gus OVER QUITE A WIDE
RANGE.
COARSE GRAINS DULL, BUT STEADY
Form. Oats and Provisions All Scored
Small Advances on Light volume
of business.

CHICAGO. Oct 26.-After a number
Of nervous fluctuations over consid-
hrable range, the price Of December
wheat closed today with an advance
Of lie. The burning of two big local
Elevators had considerable influence
In maintaining prices toward the close.
Other markets We're extremely dull,
but steady, corn advancing Ac, oats
about the same and provisions 2E@oc.
Wheat was decidedly nervous
throughout the session and spectators
were evidently at sea as to Whether
II was better to buy or to sell wheat
Weak foreign markets and heaVy
Northwestern receipts favored lower
prices; the sensational decline of last
week of nearly lie per bushel suggest
ed a sufficient reason to expect re-
rovery of part of that at least. Each
pf those factors alternated in their
influence. over a range Of about &c per
bushel. during the two first hours OF
tie session. The first trades in De-
pember were, in different parts OF the
DIT, 695sc to 70Ac, as compared with
Saturdays closing price of 69Ac
Shorts Immediately manifested de-
sire to cover and their efforts ran the
price up rapidly to 711sc. Second ca
hles from Liverpool quoted I'D decline
and created a five minute stampede
resulting in decline to 69Ac. In
minute after the latter quotation was
r1rrent ire price VS. n@SA again 70
I3hc. ff;--ooIn ali OF which IL can be seen
how unsettled were the ideas Of the
spectators. Saturday wheat in Chi
cago declined SIC per bushnell and was
expected that Liverpool would show
corresponding decline, but it did moth
Ing Of the sort, it opened I'D higher for
futures. Later in the day, however,
the closing quotations from there re-
yealed a slightly easier feeling. Con-
tinental markets were rather weaker
than the English. Minneapolis and
Duluth reported receipts of 1889 cars,
against $40 a week ago. and 1,704 cars
on the corresponding day of last year.
The domestic visible supply increased
2,477, 900 bushels, compared with an in
crease of 4,2S7 900 the similar week of
last year A fire in the Pacific eleva-
tors, which was said to have destroyed
over 100000 bushels of wheat lent its
aid to the bulls in the last hour Of the
session and had turned sentiment so
strongly in their favor as to have
advanced the price to around tic,
about ten minutes from the close, after
many UNDECIDED HuctuaLlOnS between
the limits of 69Ac and 701ac. The lat
est trading price for December was
70a4 Q7O%c.
1t was the dullest day in the corn
pit that has been seen there for
month. Although dull, the market was
by no means weak. May opened at
2S1Ac, or nc higher than 1t closed Sat
nrday. 1t sold at 283sc, and as high
near the end as 2S12@2S5sc, with 281kc
as the latest trading price. Oats were
quiet. but a firm undertone was man
ifested. Offerings were light and there
was but little disposition to buy. May
opened about &c higher at 211A@215sc,
sold at 21%s, advanced to 21%c and
was offered at 21%@21%c at the close
Provisions were as dull as the corn
market. The closing was steady at a
slight advance. January pork closed
213c higher at $3.50; January lard SC
higher at $4.521a; January ribs 21ac
higher at $3.50. Estimates: Wheat
PSI cars; corn, 1000; oats, AGO. hogs,
1900 head.
The leading futures ranged as follows: