The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1897-10-28
MARKET SUMMARY

CHICAGO, Oct Pit looked for time
TODAY as If wheat would make one of the
sensational advances so characteristic OF the
market a few months ago. AS II was, Decenh-
Der closed al 19sc advance. Small Northwest
receipts coupled with light offerings, started
bulls on the rampage, but traders sobered
down on the discovery that No. spring wheat
could not be sold for shipment at Sc per bu
lower than the December price. Corn was
helped by wheat to a 14c advance oats
gained equal amount, ana PROVISIONS iii
proved a little.
Influences governing wheat were as rule
favorable to higher prices at the opening.
Liverpool had advanced quotations for wheat
Id per GENITAL before trading commenced here.
The predicted rain for the winter wheat reg
ion stopped west of the Mississippi, and the
domestic receipts of wheat were again COM
paratively light. Chicago receipts were 16S
cars of which only three loads were of con-
tract grade. Minneapolis and Duluth reported
766 cars, against SS7 a week ago and 1,2OS
on the CORRESPONDING day of the year before.
The price was also helped by the shipments
from st. Louis and reports of large cash bust
ness at Duluth for export. All outside mar
kets were strong. A feature the demand
for December, houses active on the bull side
for some time past taking on considerable.
May not so eagerly sought for as it has
been for some days, the consequence being
a widening of the spread during the morning
to 33sc. December which closed yesterday at
942sG9435c, started with buyers at 94Bd95c,
and steadily advanced to $3.50. Offerings up
to this time had been comparatively scarce,
but at that price several Of the large com
mission houses sold freely, and there was a
reaction to Csc The prediction of rain for
Illinois, Indiana and Missouri had some effect
on the decline as did the report that for
eigners particularly the French, were re-
selling at the seaboaTd. At these figures
however, the demand again improved, and
the market became quite strong. Liverpool
closed 1G1Ad higher and added to the firm
ness, as did the heavy exports 6S1, 900 bu, of
which $4,000 bu was in flour. The market
further advanced liberal purchases
by one Of the houses which sold freely on
the early bulge, supposed to be for local pro-
fessionals, who replaced part of long line.
Before the advance was checked December
had sold up to $3.50. New York reported
$4,000 blu taken there yesterday and 40 loads
today. Primary receipts showed some falling
off, and were 327 600 bu under those of last
year. Continental markets ruled lower. Paris
wheat declined 5@10 centimes, and -four was
off 2OQ30 centimes. Antwerp unchanged. No.
spring wheat was offered at Sc per bu under
the December price to United Kingdom ports
without bringing a response. This fact
brought the market down with a jolt, and
realizing became quite free. The report of
the purchase of POS 900 blu more No. I north
ern at Duluth, making about SEQ 900 Blu in
all destined for this market also had a weak
enlng influence. December was selling at
$3.50 at the close.
Corn influenced by the big falling off
in receipts and the strength of wheat, and
ruled strong from the start. The cash situa-
ton was a strengthening feature the demand
being better. Trading fairly active, some
investment buying being reported poor
husking reports, ana shorts covered freely
The market eased off somewhat toward the
close with wheat Receipts were 275 cars
Gables were AQ3sc higher. December ranged
from 263sD2612c to 26c, closing nc higher at
261sc Oats firm on a moderate amount
of business, shorts being the principal buy
eTs. The strength c. ME largely from sympathy
with other grains. A fair export inquiry ex-
listed. Receipts posted at POS cars. De-
cember ranged from 1880 to 1880, and closed
A@3sc higher at 1S5s@1Ss4c.
Provisions were very quiet. The market
for time was strong, in sympathy with the
grain markets and on the good cash business
During the latter part of the session the
feeling easier on realizing sales most of
the early advance being lost At the close
December pork was PFC higher at $7.771a.
December lard 212c higher at 81 25G4.2712, and
December ribs 215@5c higher at $4.471464 so.
Estimated receipts Thursday: Wheat AS
cars: corn, 475 cars; oats, 2i0 cars; hogs 81
600 head.
The leading futures ranged as follows: