The Saint Paul globe., 1897-10-25
MARKET SUMMARY.

CHICAGO, Oct 23.-The bull sentiment
which prevailed in wheat at the close last
night was apparent today, and despite the
efforts of the bears the cereal was strong
throughout the session, showing an advance
of 1sc for May and &c for December. Corn
was easier and held in place by the strength
Of wheat. Oats followed corn, and price
changes were of no consequence. Provisions
were weak. Pork was off 15c, lard 719Ql0c,
and ribs 21aQ71zc. At the opening, commits
sion houses had all the wheat buying orders
they could manage for half an hour and sell
ing was confined chiefly to the people who
had good profits in long wheat. which they
were willing to accept The elevator people
also had a little wheat to sell, presumably
against purchases of cash wheat in the coun-
tyy at least that was supposed by the traders
in the pit to be the basis Of sales by Armour
& Co. and the Weare Commission company OF
about 100, Goo bu each The sales referred to
were made at from 94@941sc for December
delivery, and the price rose Immediately
after to 945s6941ac above the closing and
highest price oi the day before. Liverpool
was up I'D above yesterdays closing prices
because Of the more materia! gain here.
The exports from both coasts this week
amounted to 5,220000 bu not any more than
had been foreshadowed by the daily Gear
ances, but showing the immense proportion
of the European shortage this country is
being called upon to make good. The do
mestic receipts are diminishing, while the
exports keep on apace. Chicago receipts were
139 cars of which 13 were contract. The
receipts year ago were 1873 cars Minneap-
oils and Duluth got 971 cars, against 1,176
the preceding Saturday Argentina shipped
no wheat this week, against $4,000 bu year
ago. The days clearances from Atlantic
ports were $4,000 bu, wheat and -four to-
gether.
The December future was the stronger to-
day, May getting from 1c discount, as 1t was
yesterday 1890 today. The advance referred
to above when December rose to 94ss, was
followed by a reaction to 935sc. but it quick
ly recovered again to 94c, and later, on the
receipt of the Paris quotations, showing an
advance equal to 31sc per bu for the January
and April options the early bulishness re-
vived, December rising to 95c and May to
93%c at the close.
Corn moved through sympathy with wheat
Car-lot receipts were not as large as anticipat-
ed, 553 cars being inspected in, and the out
inspection was moderate at 273, 900 bu De-
cember opened at from 267s@26%c. The low
est and closing price was 26fsc. The greater
part Of the trading in oats was centered in
May and was greatly in the way Of profit
taking by those who bought yesterday De-
cember opened at 1SalG1S7sc, touched 1886
dropped off to 1890 and c.osed at 1S5s@1S34c.
May ranged from 2112c to 211sc; was offered
at 21Ac at the close. Hog products had a
sharp reaction from the advance OF yester
day. December pork opened at $7.971a@S and
sold off to $7.S5. December lard started at
$4.42h and declined steadily to $4.35GI4. .3712.
December ribs ranged from $45714@4.60 down
to $4.571R. Estimated receipts Monday:
Wheat, 1876 cars; a corn, 455 cars; oats, 2iO
The leading futures ranged as follows.