The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1896-09-24
4sss g. 49,
WILD SCRAMBLE TO COVER
4 MARKED TIME DAYS DEALINGS
Az tHIcAGo.
WHEAT At ANY OLD PRICE.
lF7l1t-ft n ~ y .a.ff.T II f.7l-T
SHORTS EXPECTED A REACTION
AND WE'RE CAUGHT By THE
ADVANCE.
CLOSE OVER .FWa CENTS HIGHER
Foreign streRgtt and Light Re.
ceipts In the Northwest Respon-
sib1e for an Excited Session.

CHICAGO, Sept. 20. - December wheat
closed today at an advance of 2asc after an
excited session. The sharp advance in for
eign markets and light Northwest receipts
created a regular scramble to cover and
the advance was the result Corn followed
wheat ana closed &c higher. Oats advanced
Ae higher and provisions 21ac lower to SC
higher. The Berlin wheat market came
strong at the opening and from y mark to
IA marks higher than it closed yesterday
Liverpool opened steady for spot and Ad
higher for futures of red American This,
WITH reduced Northwest receipts, was suf-
Helent tc start the market at a substantial
advance. The opening for December was
from 6z9sc to 63c, mostly at the latter
Inquire, against yesterdays closing price Of
6212c, and, after a momentary hesitation, it
started on buiga which carried the price
up to~t41sc, before halt occurred. In the
Northwest the situation was much stronger
and prices mad sharp advance, both In
minneapolis and Duluth. The Northwest re-
ceipts today were only $40 cars, or nearly
SV3 cars less than a week ago. and It's cars
less than year ago. The threshing returns
/ IN the Northwest were reported to be disap-
pointing and estimates Of crops in the Da-
kotas and Minnesota showed reductions. The
strehgtn OF the foreign market at the OPEN
ing was decidedly disagreeable surprise
TO many. Anticipating reaction after the
recent advance, many sof the big spectators
soiu heavily yesterday, and their effort to
cover resulted for a while In scramble to
get wheat at almost any price. Realizing
was neavy and caused several minor reac-
uons. Chicago received 1859 cars, compared
Win o. on the corresponding day of the year
before. Only were of contract quality, The
export clearancess were liberal equal to 4O7 :
wv Bushels in wheat and -four together.
me closing cables were strong Liyerpool
noted an advance for the day of ed per
Dushel for futures CT red wheat, and I'D for
spot No. l northern. Antwerp repeated yes
eefoays quotations, but Berlin closed with
rise OF 3A marks for September and 8
marks Tor October wheat The market here
way consistently bullish up to the close De-
celnDer nnally sold up to Csc and closed firm
az o41sQ65e. Corn was quiet, but firm, largely
IN sympathy with wheat. Offerings from the
country were larger than of late, and the
market did not sympathiZe so much with the
ADVANCE In wheat as itfwould otherwise have
zone. May opened a shade higher at 24a al
S4Bc, advanced to 25Ac, and closed steady at
ll9%WZoAc bid. Oats ruled firm and a shade
n iager all day. May opened unchanged at
IS1sc, advanced to 1886. and closed steady at
Una. price: Provisions suffered from lack of
sumcient demand to absorb the offerings from
the packers. Lard was the only article
That gave indication of independent strength
october closing at &c advance and JANUARY
at 27ac. Pork and ribs were virtually with
out change for the day in the end but
averaged weak for the whole session. Esti-
"a, 600. o''' -'o' ioeS'
The leading futures closed as follows.