The representative. [volume] (St. Paul, Minn.) 1893-1901, 1896-11-11
CHICAGO GRAIN.

CHlCAGO GRAIN.
CHICAGO, Nov. 9--Wheat broke the high
record today selling at 801sc for December. The
market digested mass OF rumors and bull
statistics, concerning the probability of scare
ity Of wheat in the world before next harvest
and covered range of 2Ac, leaving Off &c
higher than Saturday. Corn and oats sympa-
respectively. Pork and ribs maintained advances
Of TIC each and lard gained 2kc.
In wheat, there good trade and active
market, higher prices ruling, December selling
orc s," and final gures Unchanged tor May and
lac higher for December. The early strength
was storted by the smaller movement in al
quarters, locally as well in the Northwest
BY recent cash business Early public cables
western markets were ere, very strong both of which
aided the advance here The out inspection was
There was some falling off in the weekly
something to the prices did the adverse news
regarding the Argentine crop, private Liverpool
cisco reported a cargo. left there for Australia
and another from the coast to Cape Town Ex-
%as Mee IN critical and
Russian advices stated that drought and cold
weather was causing some alarm regarding seed
ing in the Southern district.
The visible did not show the decrease ex-
pected. 900 bushels and added strength to
the market. The total quantity now in sight
is 59.9 900 bushels, against 1886 coo bushels
year back; There was an increase on ocean 1a
quoted spot steady and futures quoted higher;
exports were 544 900 bushels. of which 17s.oG
bushels in flour. The English visible in
creased Ga, 900 bushels. Toward the close the
market weakened free realizing by many
large holders, the Northwest being large seller
Of May which also aided the decline. May
December spread narrowed to 41sc.
Northwest receipts We're 1888 cars against 1, 113
last year. December opened Ac lower to hc
higher, at 777sc to 7SAc advanced to SOmc, de-
cned on heavy realizing closing 1sc higher
at 1850 bid.
Corn was evidently reluctantly responsive to
the bullishness Of the wheat market. 1t only
rose to kc over Saturdays closing price for
May delivery when wheat was &c up, and at
the close, to1ay's advance on May corn was
NC. The receipts were only 211 cars The visi-
BILE decreased $4,000 bushels. against 227, 900
bushels decrease last year. May opened a shade
higher at 2S7s@29c, sold at 2SA0I28hc advanced
to 29stc. declined to 29c realizing, closing
Nc higher.
Oats followed the trail Of wheat and ex-
perienced q good business while doing The
early advance marked by good general
buying Until wheat showed signs Of reactng
oats held up we'll but were very quick to re-
spond to any indication Of falling on May
declined on realizing and sympathy with wheat.
closing ls@Ac higher.
The strength OF wheat scared the local shorts
in the provision market in the forenoon and
when by their buying they had added about
zoe to the price of pork and Zoe each to lard
and ribs the packers first sold all that was
needed and then added little. In the end the
advances confined to TIC in pork. 21ac in
lard and INC ribs.
Estimated receipts for tomorrow's wheat lis
cars; corn 275 cars; oats 277 cars; hogs 10 900.