The Saint Paul globe., 1896-11-10
HIGH RECORD FOR THE YEAR
BROKEN IN THE PIT AT CHI
CAGO.
WEAKER BEFORE THE CLOSE.
UNDER REALIZING THE MARKET
SAGGED, BUT CLOSED AT AN
ADVANCE.
COARSE GRAINS SLOW TO REsroND.
In Partial Sympathy With the
Strength in Wheat They Scored
Fractional Advances.

CHICAGO, Nov. 9.-Wheat broke the
high record for the year today, selling
at S01sc for December. The market
digested a mass of rumors and bull
statistics concerning the probability of
next harvest, and covered a range of
24c, leaving off 1ac higher than Satur-
day. Corn and oats sympthized only
partially, gaining B and Ac respective
ly. Pork and ribs maintained advances
of 71ac each and lard gained 21a. In
wheat there was a good trade and an
active market, higher prices ruling,
December selling to 801sc, and May to
S41Ac. The range was 1%@2Ac, and
final figures unchanged for May and II
higher for December. The early
strength was started by the smaller
NOV ement in all quarters, locally as
well as in the Northwest, and then
there was good buying, probably in
duced by the recent cash business.
Early public cables quoted spot steady
and futures up I'd, and Northwestern
markets were very strong, both of
which aided the advance here. The
out inspection was fair and a fair cash
demand was said to exist at
relatively higher prices than rul-
ing Saturday. There was some falling
off in the weekly worlds shipments
reported early, and this added some
thing to the price as did the adverse
news regarding the Argentine crop,
private Liverpool cables reporting 10
Gusts numerous. San Francisco report
ed a cargo left there for Australia, and
another from the coast to Cape Town.
Excessive wet weather in France, it
was stated, was commencing to make
seeding critical, and Russian advices
stated that drought and cold weather
was causing some alarm regarding
seeding in the southern districts.
The visible did not show the decrease
expected, 1,243,OOO bushels, and added
strength to the market. The total
quantity now in sight is 59,923,OO0 bush
els, against 56936,0 bushels year
back. There was an increase on ocean
passage of 100000 bushels. Closing
public cables quoted spot steady and
futures I'd higher. Exports were 544,-
600 bushels, Of which 17S,000 bushels
was in flour. The English visible in
creased 900 bushels. Toward the
close the market weakened on free
realizing by many large holders, the
Northwest being a large seller of May,
which also aided the decline. May
December spread narrowed to 4hc.
Northwest receipts were 9S3 cars
against 1,71S last year. December
opened Ac lower to 1sc higher at 777s to
7SAc, advanced to 807sc, declined on
heavy realizing, closing 1zc higher at
1880 bid
Corn was evidently reluctantly re-
sponsive to the bullishness of the wheat
market. 1t only rose to Zee over Satur-
days closing price for May delivery,
when wheat was &c up, and at the close
the days advance on May was nc.
The receipts were only 213 cars. The
visible decreased 5000 bushels, against
227, 600 bushels decrease last year. May
opened a shade higher at 2Sk@29c, sold
at 28$@Ac, advanced to 293sc, declined
to 29c on realizing, closing 1sc higher.
Oats followed the trail of wheat and
experienced q good business, while do
ing so. The early advance was marked
by good general buying. Until wheat
showed signs of reacting, oats held
up well, but were very quick to re-
spond to any indication of falling off
May opened unchanged at 22asc, ad-
vanced to 23c, declined on realizing
and sympathy with wheat, closing 1sc
@Ac higher.
The strength of wheat scared the To-
cal shorts in the provision market in
the forenoon, and when by their buy
ing they had added about zoe to the
price of pork, and 10c each to lard and
ribs, the packers first sold all that was
needed, and then added little, in the
end the advances were confined to 71ac
in pork, 21ac In lard, and TIC on ribs
Estimates: Wheat, lis; corn, 275; oats
277; hogs, $4,000 head.
The leading futIlreS folIou,r.