The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1897-10-29
FOUR POINTS HIGHER
wHEAT,s ADVANCE FOR THE
WEEK THREE AND THREE
QUARTER CENTS.
THE DAYS TONE is STRONG.
rHE ONLY WEAKNESS OF THE
SESSION WAS AT THE
OPENING.
sToCFxs ARE LIGHT EVERYWHERE
gears Driven to Cover by Reports
of q General ShOrtage-CoaFse
Grains Up.
MARKET SUMMARY
FINANCIAL.

CHICAGO. Oct. 2S-Wheat added another
1asc 70 its price today, total Of S&c since
Monday. Shorts were driven to cover by the
reports of short stocks in Europe ana the
Northwest and a nervous. but, in the man,
very strong market resul ed Corn was helped
nv wheat and light receipts closing 12q9sc
higher Oats advanced A@3sc. PROVISIONS
we're almost at a standstill and closed at SUP
stantially unchanged prices.
The absence for demand for NO. spring
wheat, except at discount OF from sc 10 &C.
under the December price, which was maui ~
much of by bearishly inclined spectators
near the close of yesterdays season, was sui
occupying the minds of the traders toady
when the session opened. Liverpool was
onlv from I'D to I'D oX er the closing pilce anu
paris was 15c lower This caused a rather
weak feeling at the opening. Decenlpei
which closed yesterday at 95Bc, ctarted To-
dav at from 95Ac to 9512c, and sagged OIL u
e51hc. Quite a sharp rally ensued WHen Mill
neapolis and Duluth stocks were SHOWN " W
only g 236 600 bu, as compared WIFI Eo'o1-,Oo'
bu last wear. December selling up to SoAc
under A general demand from shorts out'
their wants satisfied, the market become
easier and showed saggng tendency during
the rest of the forenoon. The purchase ol
here contributed to the downward reaction
which carried December down to 9o12c
There was however, plenty of news TO en-
couraee buvers The drought east or the MIS-
.issinni was unbroken; yestel days news ap )ut
sar;ors drought damage to the Australian
cron was confirmed, and domestic receipts
wore moderate Chicago received l46 cars VI
wheat Il of them contract and OF the ldl-
for from local cleaning houses. Minneapolis
and Duluth got 939 cars against $40 1hurs-
dav a week ago and 1,221 last year. me Az
lantic pcrt clearanc5s were equal IN "heat anu
-four to 800 coo blu. New York reported Che
exnort demand for wheat light, but MIME
anoIis advised a good business in hour for
exnort New York reported the day S export
trade at II boat loads.
The market became very strong In the
afternoon. Private cab.egrams from Paris re-
ported stocks of wheat light everywhere anu
said that the position was almost ehtHe-y III
the control Of America. Considerable buying
WAS done on the strength OF these auEloes
and December advanced steadily 10 ''Ao'
where it closed u,,o+
Corn was moderately active Inc mar he'
opened easy with wheat, but soon oe0'Iio
stronger and ruled firm for the rest Oh me
session. The better movement was due large
the
and small estimated receipts tom ROW. oHer-
ir,o, u,ere readily taken. several of the large
Houses wef BUYING gHag freely which stad shorts
to covering also, The strong cash SITUATION ltntn
was factor. Gables were I'd over. ENP 9ogj 5
were .25l OOO bu December ranged from zo34c
to 257sG526c, closing 1a@5sc higher at 269s
S6alc More interest was shown in oats.
Prices easier early but advanGed s atep
hnTsa hnving Receipts, 245 cars. Decemb r
ranged range from 19c to 1ShG1S5sc, and c-o3ed
3-16c higher at 1870 bid. .,.,o,
There was very little life to the provision
market Prices ruled a shade easier more
fre srhe lack Of interest than from any bearish
influence. Inquiry shipping account was
quite active and offerings fair bog receipts
were liberal. At the c ose December pork was
unchanged at $7.771a December, 214c lower; at
81. 221a6b4. %, and December ribs unchanged at
"a. 47j@d45O Estimated receipts Frloay
Wheat, 100 cars; corn, 40 cars; oats, 22o cars;
hogs, 900 head.
The leading 1utures ranged as follows: