The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1897-09-02
MARKET SUMMARY.

CHICAGO Sept. AL grain and pro-
vision markets were strong today, after an
opening which rather indicated an opposite
condition. A renewal of foreign buying and
heavy clearances started shorts in wheat COW
ering in the old familiar way, and resulted
in an advance of 31@c in December. All the
other markets were carried along, corn hav-
ing the additional help of some decidedly
sensational crop reports from Iowa. Corn
advanced 1c, oats &c, and provisions 5Q1215c.
For a moment at the opening, wheat was
below the price it closed at yesterday. 1t
soon recovered however, and for an hour
afterwards ruled firm. with a gradual i'm
provement in prices, until it had turned a
&c decline at the start into an advance Of
1Rc. The first trades in December were al
from S91aGS95sc, and before 10 O'Clock it had
risen to 903sc; in less than half an hour later
the price was 913sc. An unaccOuntable weak
ness overlook the crowd on the curb after
the close of the market yesterday, and a
little of that found expression at the start
today. There was nothing of a weakening
or discouraging character in the early news
Liverpool was quoted I'D lower, it is true
but New York reported foreign buying orders
and acceptances of offers made last night by
cable, both to the United Kingdom and con-
tinent Deliveries at Chicago on September
contracts did not exceed 10, 600 bu. Although
Liverpool was a shade lower, Paris was the
equivalent of 12c per Blu higher and second
cables showed a marked change for the bet
ter at the English market. 1t was to the
renewal Of foreign buying, however, that
the market owed its strength as it showed
the dependence of Europe upon this country
for supplies until next spring at least Re
ceipts were 421 cars. Minneapolis and Duluth
received 1874 carloads, against 345 the COR
responding day of the year before. The At
lantic port clearances were again close to the
one million bushels mark the actual guam
tity in wheat and -four being 96S. 900 bu
which will make the average exports 200, coo
blu day for three consecutive days, for the
equivalent of which reference has to go back
to the year of the Russian famine. That gave
fresh impetus to the upward trend of prices
December bringing 9278c about 1915 o'clock.
Closing cables were of a mixed character
Paris was 20 centimes, lie per bu, higher; Ant
weep l franc or BIC per bu lower; Liver
pool closed at an advance of from sd for
December to Id higher for September. Heavy
shorts in this market good reasons for
getting off and keeping off that side Deem
Der rose to 94c, but had reacted to- 933sc al
the close.
There was an enormous trade in corn. with
the West doing the most buying, and with
crop damage claims a factor. There was
some disposition to sell at the opening on
predicted rains in the corn belt, but that
changed quickly when wheat shorts started
for cover. December started at from 31%G
S21sc, most of the trading at the higher fig
ure, which was about where it closed yester-
day. The price gained steadily, until a few
minutes from the close, it reached 334c, and
it wound up at 8SBGSSAc. Iowa advices
were to the effect that the seasons yield in
that state would be only half crop. Re-
celpts were 1,55O cars; charters were for 575,-
600 bu.
The session in oats was unattended with
any noticeable activity, business being princi-
pally local. The market was firm throughout,
principally through sympathy with wheat and
corn. Receipts were 1858 cars. December
opened unchanged at 201sc, and gradually ad-
vanced to 2024c, where it closed.
Provisions were moderately active, the mar
ket opening easy under the influences of
fairly liberal deliveries, but the market
turned strong when wheat and corn COM
menced to climb Armour and Cudahy were
both said to- be heavy buyers At the close
December pork was 10c higher at $9.O71@; De-
cember lard 2k@5c higher at $4.971A@5; De-
cember ribs unchanged at $50. Estimates
Wheat. 1855 cars; corn, LIPS cars; oats, 400
cars; hogs, 1000 head.
The leading futures ranged as follows: