The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1897-10-07

CHICAGO, Oct 6.-Wheat today added 1Ac
to the &c advance it scored yesterday, the
market closing strong at nearly top hgures
Foreign markets again held the reins, but
the advance was checked by the unloading
of large qualities of long wheat, presumably
for the bull clique. Corn acted similar to
wheat, but advanced inly B9sAc. Oats closed
nc higher. Provisions were again weak,
and showed declines Of 7A@1212c at the
close.
Wheat was strong at the opening. Liver
pool opened Id higher, and Paris was up an
equal amount. In addition to the invigorat-
ing influence Of the foreign advices the trade
was advised of sales of 10000 bbls OF flour
yesterday at Minneapolis, good share OF
which, it was claimed, was sold for export.
The Ohio state crop report showed yield of
only 27,S75,0 bu compared with $4,000 600
bu last year, and said that prospects for win
ter wheat were very poor on account of the
protracted drought. he weather map gave
no indication of an improvement in the pre-
vailing conditions for the next thirty-six
hours. First sales of December were at from
92Ac to 921Rc, compared with yesterday S
price of 912sc.. The opening prices were so
tempting as compared with the closing Of
the previous day. that line of over 1,00J,-
goo blu of wheat, presumed to have been held
by local speculator, was thrown on sale.
The market took 1t almost without effort,
the only effect being 1sc decline Then
the market bounded to 92a4c. But perfect
food of wheat came on the market at that
price the result being that December was
pounded down to 913sc. Northwestern re-
ceipts were liberal at 1908 cars for Mime
apolis and Duluth, against S25 last week,
and LISP last year. Local receipts were 313
cars, against 2S5 expected.
Below a certain price the demand for wheat
seemed practically unlimited, and indicated
the presence in the market of some powerful
interest At 91ssc the offerings were alb
sorbed so fast that shorts became alarmed
and started for cover. This sent the price up
to within NC of the top figures, when Of
ferings again became in excess Of the de-
mand and another reaction followed The
Bradstreet report Of the worlds available
supply of wheat showed an increase of 2,914,-
900 bu, against $50, 0G0 bu the previous week
and 900 bu for the corresponding week
last year. OF the increase during last week
200 bu was in the United States and
Canada east of the Rockies and 600 600 bu
in and af1oat for Europe These figures were
much less than anticipated, and, helped by
reported export engagements of 20 boat
loads, made the market very strong toward
the close. December was bringing 925sc as
the session ended
There was a firm feeling in corn, with
the trade Influenced by the drought and the
government crop report, which is due Sat
urday, and which is expected to show ma
terial decline in condition. Gables also
higher. There was very good buying by
strong local commission firms during the
morning, but offerings increased at such a
rate on all the advances that the market
made but little Roadway. The visible in
creased 1876 900 bu. Receipts were 400 cars
Atlantic clearances amounted to 312, 600 bu
December ranged from 301s0D30Ac to 294c
closing 1sQAc higher at 30@S01sc.
Oats held firm at a slight advance mainly
the result of the influence of wheat and corn
New York did some buying, and the foreign
demand continued urgent, both Of which
facts helped prices. Trading as a whole was
unimportant. The visible increased Go 900 bu
Receipts were 277 cars. Clearances were
152 600 bu. December ranged from 200201s(
to 19s4@19sc, closing 14c higher at zoe asked
Provisions were decidedly weak. An ad
vance of Sd in the English lard markets
and much smaller local receipts of hogs thar
expected, helped the market around the
opening, but the slight rally brought on
liberal quantities for sale, and the marke
soon became heavy The demand died GU
almost entirely as the session advanced. Clos
ing prices at the bottom, DecembeI
pork 714c lower at $S.021s@S. %, December
lard 121ac lower at s4.371A, and December
ribs TIC lower at 81 6215. Estimated receipts
Thursday: Wheat, $50 cars; corn, 445 cars
OATS 800 cars; hogs, 10000 head.
The leading futures ranged az follows