The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1896-09-18
Bulbs HAD THE PIT
ON. LIGHT RECEIPTS AND HEAVY
EXPORT. DEMAND WHEAT WAS
BUOHANT.
PRICES WERE WELL HELD.
FREE REALIZING ON THE AID.
VANCE FAILED TO BREAK
THE MARK EFT.
BENEFIT WAS A GENERAL ONE.
Corn, Oats and Provisions All
Shared in the Strength of the
Days Dealings.

CHICAGO, Sept 17.-Light north
west receipts and heavy foreign ac-
ceptances were the sustaining infiuen-
ces in wheat today There was a con-
siderable realizing on the sharp ad-
vance, but prices were well held, De
cember closing at an advance of sc.
Corn closed &c higher, oats sc higher
and provisions 21zc higher to 21kc lower
The long pent up feelings of the bulls
IA wheat, found vent at the opening
today They became actually enthus-
iastic in the way they bid for the
limited offerings. and the price, in
about half an hour from the start,
marked over one cent per bushel adj
vance. The reasons for the cheerful
ness, which was seen to pervade the
ranks of the bulls, were various. The
most encouraging feature was that
the receipts at Minneapolis and Du
luth numbered only SS2 carloads, COM
pared with 1,043 on Thursday a week
ago, and 1883 on the corresponding day
of the previous year. The previous
heavy Northwest receipts had certain
ly much to do with the recent heavi-
ness of the market. Liverpool sent
vance for spot and sd rise for futures.
Berlin also came higher at the open
ing. There was something better from
abroad, however, than barren quota
tions. New York wired that liberal
cable acceptances were to hand of Of
fers made last night, and Chicago
houses also had their cabled offers of
No. and No. 3 hard winter accepted.
"a 9
compared with 76 carloads a year ago,
but only 5 graded contract. Atlantic
port clearanceS were equal to 333, 900
bushels in wheat and flour together.
The bulls did not have it all their own
way, however. The sharp advance
proved tempting to some OF the lucky
longs, and a pretty general movement
to sell out and realize profits was in
augurated December wheat opened
about 1ac higher at from 59% to $3.50,
and in about thirty minutes it was up
to 61ss@Ac, and after reacting to 81 &c
1t rose again to its previous highest
price. with one sale at 6112c. After
several fluctuations in the last hour
between 607s@61Hc, the market finally
closed at 60B@61c. New York reported
ocean vessel room engaged for 100 boat
loads of grain, but did not specify how
much of it was for wheat but it is
positively known that at least rs boat
loads of it was for wheat with a strong
probability of much more. Corn was
firm and sold somewhat higher. There
was some covering by shorts on the
strength the market displayed, but
business on the whole was moderate.
May opened a shade higher at PAS,
advanced to PAYS and closed steady at
the opening price. In oats quite a fair
business was done shortly after the
opening, but it got positively dull
later May opened &c higher at 19c,
advanced to 1915, and closed steady at
100 1sc. Trade in provisions had moth
Ing to distinguish it. January pork
closed SC lower at $6.721z; January lard,
pic higher at $3.7215@375; January
ribs 21ac lower at s335. Estimated re-
ceipts Friday: Wheat, 145; corn, 400;
oats. 24O; hogs, $4,000 head.
The leading futures ranged as follows: