Omaha daily bee., 1896-10-17
COMMERCIAL AND FINANCIAL
Wheat Continues on It's Upward March and
Secures an Advance.
DECEMBER RISES OVER ONE CENT
Buoynncy of Foreign Markets Con
tributes to the strength OF the
Domestic Cereals - stocks
and Bonds.

CHICAGO. Oct is-wheat continued on
is upward march today and az the close
the December option had scored an advance
OF 1Ac per bu. Forciln news was again
Responsible for the jump. corn and oats
were not so enthusiastic. Put nevertheless
scored isc advance each. Provisions were
distinctly weak. but the decline vas small
4 rise OF over ic was chronicled in the
price Of December wheat at the opening
and one DID not have much difficulty In
finding an explanation OF Il. The opening
quotation from Liverpool was at % per
GENITAL advance for spot wheat and Id per
GENITAL for futures. \ private message from
Liverpool said that the milling demand
was Checked by the advance" but this had
no effect and 10 fact. was not borne out
by the reports from the seaboard. There
Is no dlSputing the fact that the foreign
situation and the foreign strength are set
ting the pace. The Indian crop situation
IS growing more serious and increasing the
nervous apprehension in Great Britain.
while the Australian outlook continues
discOuIag gln ng. and even n the Argentine
there IS increasing danEeg OF crop destruc-
tion. Shortly after the opening free sell
Ing set in mostly by a contingent Of scalp
ers, who were satisfied with the profit In
the opening advance, and proceeded TO take
II As soon as this was over. however:
and that Was not long. prices advanced
again. The opening price for December was
teriay's closing figures OF from 70ssc to
10i4C. After touching 7l7sc for an instant
a gradual decline Of NC took place. Then
the natural buoyancy Of the market eN-
erted Itself and by noon December had re-
covered 20 I2c- Another bull factor was
the northwest receipts Minneapolis and
Duluth reported receipts % - cars against
l.0is a week ago and .2Z7 last year. The
San Francisco market was quoted &c per
GENITAL higher early In the day and reports
from there said that two more cargoes had
been worked for India. New York wired
that the wheat ordered to the other side
had been accepted. About i2.20 o'clock New
York reported sales for export OF forty
hoatlOads t2D 90 bul. chiefly Duluth wheat
The market was rather nervous during the
closing 1olr. but was steadily supported
and December closed firm at 7s'sc.
Corn Has furiy active and averaged
higher. There was a good deal OF realiz-
Ing during the early part OF the session and
part OF the early advance was lost but
the subsequent rally In wheat caused a
foreicn account. May opened about &c
higher =; from 2szc to 2st-c declined 10
2sisc and rallied to 2stsc where Il closed
oats We're active. firm and higher with
quite good business transacted. The firm
mes. Of wheat was principally responsible
Tor the better price. Vet some independence
was the result OF good buying May opened
asc higher at 2li.c. declined with corn TO
2oiSc then rallied 10 as.c. closing steady at
2gLc
Provisions alone OF all the markets
showed distinct weakness all day. The
openinr was a slight advance in sym
pathy With firm hog market. Under n
poor demand and liberal offerings by pack
ers prices steadily declined but sten died
usry pork closed Sc lower at s7.77iz: Jauu-
airy lard PIC lower at &.31iz; January ribs
5s lower at 8 S2i=.
Estimated receipts for Saturday are,
cars: hogs p 90 head
The leading futures ranged as follows: