The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1896-11-11
BROKEN IN THE CHICAGO
WHEAT PIT.
EIGHTY-oNE MARK TOUCHED.
SLIGHT REACTION NEAR THE
K CLOSE.
PROVISIONS REFUSED TO ADVANCE.
only the Great Strength of the
Wheat Market Prevented "a Slump
in Hog Products.
Only the

CHICAGO, Nov. 1O-The market was strong
throughout todays session, and the price for
December wheat reached the highest point
OF the year, Sic, reacting slightly on realiz-
lng. near the close. Corn and oats folio we'd
with fractional improvements, but provis-
lens were dull and heavy closing at slight
concessions. December wheat as compared
with Yesterdays close gained PIC per bu
corn and oats advanced &c and &C. respect
Nely. Provisions declined 21a@5c. There
was good trade and fairly active market
IN wheat, though the range was narrower.
Initial trades were at 11s@13sc advance, and
ten wheat sold UP fraction more, eased off
&c, rallied 15sc, ruled steady and closed at
2sQ2Ac advance. The early strength was
due to the foreign news, cables quoted spot
Id higher, and futures easy at Id advance
at Liverpool, and then the smaller receipts in
all quarters, especially in the Northwest, cut
quite figure. Beerbohm cables confirmed
the damage in Argentine. San Francisco fur
nished further bull news as to the ship
ments to Australia, and drought in that coun-
try heiped 6usta1n the market. Foreigners
were good buyers here, and also eXerted
good influence on prices. Berlin early WAS
quoted IL marks higher. Receipts at Liver
pool the past three days were all American
wheat Grain riots were reported at Bombay
yesterday. rumor was in circulation, wa
San Francisco, that India had rain, but Liv-
it had little effect on the market Exports
were fair at 26S 600 bu, of which 2S7, 900 blu
was in flour. Bradstreet's reported an in
crease the past week in the visible supply OF
3, 1881, 900 Blu, the increase the same week last
year being 4,246,000 Blu. Closing public Liver
pool cables quoted spot unchanged to I'D
higher and futures lad up. Berlin was IA
marks higher.
The December-May spread narrowed at one
time to 312c The weekly worlds shipments
were S,576000 blu, against 8,90S, 900 bu last
week, and 100000 last year. New York re-
ported two cargoes spring wheat taken for
exports to Ireland and two cargoes to Liver
pool, about 40, 900 bu in all, and added strength
to the market around the close. Northwest
receipts were only 756 cars. Corn was f1rmer,
May opened A@15c higher, reacted quickly to
291sc, then slowly worked upward to 29Ac,
and closed at 95sQ29Ac Firmness in wheat
and small receipts Of corn today, with still
more diminutives receipts expected tomorrow
were the influences leading up to the ad-
vance In prices There was a good active
market in OATS but not the slightest sus-
picion of independence was displayed. May
opened A@3sc higher at 22Bc, touched 225s1
22%c, advanced to 23c, with offerings free at
that price at the close. Provisions were dull.
In fact it looked as if a considerable de-
cline was alone prevented by the big advance
in wheat. Prices at the close showed the
immaterial lGsses for The day at 21ac in pork
and ribs and sc in lard Estimates: Wheat,
81 cars; corn, 100; oats, 125; hogs, 5000 head.
The leading futures ranged as follows: