Omaha daily bee., 1896-10-11
COMMERCIAL AND FINANCIAL
Markets Without Exception We're Strong
Throughout the Session.
CORN WAS ACTIVE, STRONG AND HIGHER
oats Were Firm and Higher, Mainly
Influenced by the Action of Corn
-ProvIsions Were Very
strong.
oct. io.-The markets without

CHICAGO. oct. 1O-The markets without
exception were strong today. Compared
with Thursdays closing prices there Is an
advance of sc in wheat and &C In corn, &c
in oats and 32iac per Dbl. in pork. Several
Influences combined to help wheat per-
haps the principal one being reports of dis
aster to the Australian crop For "a second
or two at the opening the majority of the
crowd in the wheat pit was inclined to
take a bearish view OF the situation But 1t
was only for that length of time. Then the
sentiment suddenly changed and for an
hour prices were going steadily upward
until an advance of over L. from the OPEN
ing price Of from 6Siac to 6SAc for December
had been reached The easy feeling at the
opening was principally caused by the
northwestern receipts Minneapolis and
Duluth received l,O26 cars which. although
6S cars less than received on the previous
Saturday are only "A cars below the num-
kuowledged very heavy receipts OF that
season. The bears were also somewhat en-
couragcd by The view Bradstreets expressed
OF the size of this years crop, which that
authority Is inclined to think will not fail
much short of 10000 600 bu. Among the
reasons for the advance which so suddenly
followed the opening weakness were the
following: The weeks clearances OF wheat
and -four from both COASTS were again over
900 OOO bu Iivorpool was firm nj ahout
yesterdays advance of 2id and reported an
other cargo of wheat as being engaged for
cgram said cablegram from Australia to
a reliable house reported the wheat crop in
Australia destroyed by hot, scorchnC
weather. The statement was afterwa rf 5
reiterated on another telegram and helped
TO cause the advance to 69Kc in the first
hour Later, however, the bull feeling toned
down good deal; II was rumored the Wis
ible supply Monday would show an increase
of 25OOOO bu Cudahy was also reported to
haye taken advantage of the advance to
sell big line and st Louis took profits on
about 100000 bu The price declined TO
6Si2c, but reacted again and closed steady
AT 69c, an advance of about sc.
Corn was active, strong and higher. The
local receipts were below expectations The
EXPORT business keeps active and cables
made sharp advance Shorts covered and
there was good investment demand. The
strength was maintained. even through the
soft spots of wheat and the closing was
firm at n good substantial advance NAV
op ned &c hicher a from 26%c to 26%c ad-
vanced to 21i2C and closed firm at 273sc.
, oats We're irm and higher mainly in
FOR Saturday was very active and the ag-
gregate sales considerably i'm excess of the
average The demand was good and the
oHeringS moderate. yet sufficiently meagcr
I &c higher at 1890. advanced to 2Oi4c and
closed steady at 20yc
Provisions were very strong, packers were
liberal buyers and although one firm sold
and advanced while 1t was being disposed
of. After some reaction from the ton prices
heavy outside buying orders were received
and were the principal cause OF the bulish
uary pork closed 22isc higher at s7S2iS: Ian
uary lard, 7l6c higher at $3.50; January
ribs 12l2c higher at s3S7is
Estimated receipts for Monday are:
Wheat @ S25 cars; 1c corn; 11oo cars; oats, GOO
The leading futures ranged az follows.