The morning times., 1896-11-13
WH{iT CLOSED WITH CAIN
Advanced / 3-4 Cents at Chi
cagO Yesterday.
BULL FEELING PREVAILED
There Was Some Unsteadiness. but
Foreign Reports Restored the Mar.
ket-One Firm Refused an Offer Of
Three Cents Advance on 10000
Bushels Held in Store.

Chicago, ILL.,, Nov. 12.-Wheat alter a
half hours interval of weakness This
forenoon became strong and closed with
gain for the day Of "a cents per
busurI. thus recovering all but 10 cent OF
yesterdays decline,
SCrong as was the market here, it was
beaten in that respect by nearly every
prominent outside trading center. Corn
was au'times fairly active and rose from
Ia cent in May to 1-2 cent in December.
Oats gained Ia cent, pork 10 cents and
lard and ribs each cents per 100 pounds.
Wheat opened with IL much stronger Il he
than it was exhibiting at the close Of
the market yesterday. and for more than
an hour 1t Kept edging upward.
AZ the ent ot Clii vim. Il rsitner obscurely
worded cablegram received by the Daily
Trade Bulletin from the Liverpool Corn
Trade News concerning the Russian wheat
crop was Interpreted as meaning that it
was this year only 21,OO0,GUO bushels
less than the crop OF the gear before.
AFFECTED BY LIVERPOOL.
The better tone with winch the market
opened was in part because OF the first
Liverpool quotations showing no change
from the closing figures of the day oe-
fore Ill the face of the l 7-Sc. decline
which took place here yesterday. 1t
was likewise due in part To the receipts
nine cars, compared with 246 the cor
responding day last year.
The start was very irregular at from
7S 1-Sc. In 40 l-4c., with one transaction
at least as low as IS 3-Ic. 1t rolled
around 20 1-Sc. and 10 3-Sc. for awhile,
and gradually worked its way up to
10 5-sc. ON the Russian matter there was
sharp break from around 7Sc., to which
1t had meantime reacted.
The selling DrtSSiIr,. AT that tima drnva
the price down to 7S Lie. Subsequently,
ON the reported working by Norton W orth-
ingtOn OF $4,000 bushels OF No. spring
wheat for export and a Pcrboehm esti-
mate OF the shortage of wheat in Russia,
which. differed materially from that Of
the Liverpool Corn Trade News, the price
took start upward again and once IN ore
before midday 1t Went up to 19 1-2.
BULL FEELING RESTORED.
In the afternoon, bull feeling was COM
pletely re-establi shed. The Berboebm' S
ngures on Russian shortage was more &c
ceptable than the much smaller estimate
OF the Liverpool Corn Trade News, ana the
people who had sold out on yester,ia Y {
decline began buying back.
Holders of cash wheat advanced their
prices relatively to the December. quota
tons. st. Louis wired heavy sales. A
dispatch from New York reported three
tdtSOes VI "utdt cADDFt- An
vator firm here, holding 1S0,O GOO bush
els of No. 2 spring wheat a Peoria, re-
fused an offer for ii of 8 cents over
the December prices, and San Francisco
telegraphed that the demand for Australia
was more urgent than ever,
The effect was soon seen in n rush
of buyers into the pit and an animated
competition for the offerings, which took
December to so 34aSO 7-S and May TO
S4 5-Sas4 3-4 at the close.
New York, Nov. IA new high price
for wheat was scored today, when cash
wheat, or in other words, wheat for i'm
mediately delivery, sold at 90 cents a
bushe!. The previous high price was 81
cents on Tuesday.
The chief dealings We're in December
wheat, which touched 50 1-4c. and closed
at 50 1-Sc., or 1-Sc. above the closing
on Wednesday.
December corn made n net gain of 1-4c
and December oats Lie. II was an
uounced on the produce exchange that II
ID McCord & Sons We're loading 500, ono
bush els of corn for South Africa 1t
was said that the grain would form part
of the Cargoes OF six steamers.