The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1896-10-16
UNDER THE INFLUENCE OFF 1T
WHEAT GAINED A CENT AT
CHICAGO,
NORTHWEST RECEIPTS LIGHT.
GRADUAL FALLING OFF IN DE-
LIvERIEs is EXPECTED FOR
THE FUTURE.
BUYERS ENOUGH TO STOP A BREAK
The Lowest Price for the Day Came
Very Soon After the Market
Opened.

CHICAGO. Oct. 15.-The failure of the
wheat crop in India, attested by the continued
engagements for shipment to that country
helped wheat to regain what it lost yester-
day and little more too, December closing
at lie advance. The coarser grains were not
sympathetic, corn closing unchanged and
oats Ac lower. Provisions advanced 21a@
lz1sc The strength of the foreign markets
was the main reliance of the bulls at the
opening. December opened at an advance of
about 14c, initial trades being made at 691a@
69ssc. Another matter which helped the fur
therance of bullish sentiment, was the COM
parative smallness of the Northwestern re-
ceipts which were reported as 1877 carloads
compared with 1850 a week ago. and 1870
last year. Advices from the Northwest were
to the effect that gradual diminishment of
farmers deliveries might be looked for. The
opening advance was not fully maintained
although there were always buyers enough
to prevent severe break. The lowest prices
OF the day were reached soon after the open
ing. This decline was due to the Price Cur
rents report that the wheat crop promised
to reach 450 600 bushels, and to the con-
tlnued selling by Armour. This feature was
very prominent again today, but the readi-
ness with which his brokers disclosed his
name, created suspicion that the selling
was more to break prices than to get rid of
MS wheat. IL was OF sufficient influence to
iorce december down to 69Ac. Then the in
huence or the foreign news began to fan
again. Liverpool opened at 1bc advance in
inc Iace OF Yesterdays decline, and reported
Iurther rise later, closing cables showing
an advance for the day of Id per GENITAL for
american wheat. Paris, Antwerp and Ber-
I'm also noted advances and advices from
san FRANCISCO said that cd advance per quar-
yer had been bid there for wheat to go to
Calcutta. Still another motive for buying
was found In the heavy exports from the
Atlantic seaboard which amounted to the
equivalent of about 600, 600 bushels. That
included $4,000 bushels of wheat from New
Orleans, which was cleared yesterday. but
not previously reported. The price of De-
cember gradually recovered to 70Hc and dur
ing the remainder of the session held stiffy
around $780, with occasionally a dip of nc
from that price, but winding up strong with
squirt to 70ssQ7O1Ac, where it closed. Among
all the other strong features of the days
news was the reported taking for export at
Minneapolis and Duluth together of about
400G Geo bushels. Corn was quiet and weaker
May opened about Ac lower at 27M028lhc
declined to 271ac and recovered to 281sc. that
being the closing price. Oats sold lower on
account of liberal offerings. May opened UNI
changed at 20A@20Bc, declined to 203sc and
recovered to 20a4c where it closed. Proyi-
sions had firm undertone and soon recov-
cred from an opening decline. January pork
closed 1219c higher at $685.; January lard
27Sc higher at 81. 40; January ribs 10c higher
at $3.S719. Estimated receipts for FRIDAY
Wheat 245 cars; corn, 975 cars oats. AS
cars; hogs, rs, 900 head.
The leading futures ranged as follows: