The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1896-10-17
EVERYTHING HEEL PED TO BOOST
THE PRICE OF WHEAT TO
~ Is,
FOREIGN ADyIcEs START IT.,
AND AFTER OPENING AT 1 3-4
ABOVE THURSDAYS PRICES 1T
ADVANCES STEADILY.
NORTHWEST RECEIPTS A FACTOR.
They Are short and the Orders
From Europe Deny Reports Of
No Mill Buying. rs~T

CHICAGO. Oct 16.-Wheat continued on
Its upward march today, and. at the close
the december option had scored an advance
Oh INC per blu. Foreign news was again re-
,spQnsible for the jump. Corn and oats were
not SO enthusiastic but nevertheless scored
Zee advance each. Provisions were distinctly
weak, but the decline was small. A rise
OF over lie was chronicled in the price of
,Deeember wheat at the opening, and one did
not have much difficulty In finding an ex-
plantation of 1T The opening quotation from
Liverpool was at I'd per Genital advance for
spot wheat and Id for futures. A private
dispatch from Liverpool that the milling de-
mand was checked by the advance" had no
ieIleoti ana, IN fact, was not borne out by the
reports from the seaboard. There is no dis
putting the fact that the foreign situation is
growing more serious and increasing the
nervous apprehension in Great Britain, while
the Australian outlook continues discourag-
Ing, and even in Argentine there Is increas-
ing danger of crop destruction e"e
Shortly after the opening free selling set in,
mostly Dy contingent of scalpers who were
satisfied with the profit In the opening adj
vance and proceeded to take it. AS soon
as this was over. however. and that was not
long, prices advanced again.
Inc opening price for December was at 711a
ganAcs compared with Yesterdays close of
- /oss '0/ze' 11ilel loucuiA6 tlt9C 1OI oil liz
slant, a gradual decline to 71Ac took place.
Then the natural buoyancy Of the market as
serted itself and by noon, December had re-
covered to 72c i - ~
Another bull factor was the Northwest re-
ceipts. Minneapolis and Duluth reported re-
ceipts OF 1888 cars, against 1,046 week ago,
ana III last year. The San Francisco mar
ket was quoted -4c per Genital higher early in
the day and reports from there said that
Two more cargees had been worked for In
d1a. New York wired that the wheat offered
a had hooro Mod AhA1rk
1880 New York reported sales for export Of
40 boatloads, chiefly Duluth wheat The mar
ket was rather nervous during the closing
hour, but was, steadily supported, and De-
cember closed firm at 721sc ~ -~er
Corn was fairly active and averaged high
er. There was a good deal of realizing in
the early part of the session, and part of
the early advanceswas lost, but subsequent
recovery in wheat caused corn to recover.
and realized 2Sssc, where it closed. Oats
We're active firm and higher, quite a good
business transaeting. The frmness OF wheat
was principally responsible for the better
price, yet some independence was the re-
suit of good buying.
May opened &c higher at 211sc, declined
with corn to 2O1sc, rallied to 20asc, closing
steady at 20Ac
Provisions alone of all the markets showed
at a Slight advance, in sympathy with firm
hog market. Under a poor demand and lib
eral offerings by packers, principally, de-
clined, but afterwards recovered with the
grain markets. January pork closed &c
lower; January lard, 21ac lower, January
ribs, sc lower
The leading futures ranged as follows: