The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1897-02-16
CHICAGO WHEAT HELPED A CENT
AND A HALF BY THE CRETAN
CRISIS.
ALL THE PITS affected.
CORN AND OATS ADVANCED SHARP
FRACTIONS ON THE EUROPEAN
RUMORS.
TOOK "FLYER" IN PROVISIONS
Wheat Traders Helped to Liven Up
Matters in the Market for Hog
Products.

CHICAGO, Feb. 15.-All the grain and pro-
vision markets were strongly affected today
by the critical state OF affairs in Europe.
Wheat advanced 11ac, corn 1ac. oats &c, and
provisions 10625c. Trading in wheat and
provisions were more active than it has been
for some time. The final price of May wheat
on Saturday was 7334Q737sc. The opening
price today ranged from 75Q75Ac, or over a
cent advance. On the curb, the bulge had
been much sharper, 761ac having been quoted.
The market had the best kind of encourage
ment from Liverpool and London, for al
though Saturday marked the biggest break
of the month in prices here Liverpool had ad-
vanced sd before the opening of the regular
board, due of course to the disturbed foreign
political situation. The drop in British con-
soils Of per cent showed how serious the state
Of affairs was regarded. for fluctuations as
rule are IN fractions of 1-16. Some of the
strength at the opening was not all one way.
Shorts were scared into covering, but at the
same time holders welcomed the temporary
strength to market heir lines. The price
got down to 1850 after an hour and half
of severe pounding, but the Founders had to
use a very large quantity OF short wheat to
produce the latter result. A gradual rise to
7494c took place and the very rapid advance
of more than another cent. so that about L
o'clock the previous sellers were the most
anxious buyers at a round 75%c before they
got enough to satisfy them for the time being,
the price got 10 757sc for an instant, a trife
over &c advance from the close Saturday.
The worlds shipments amounted to 1881, 900
bushels, a decrease of !, 227, COO. AS the
duction year ago amounted to but 160, 900
bushels, this had very sensible influence on
prices. Northwest receipts were light, 255
cars, compared with 511 last week, and 466
on the corresponding day of the year before,
and Minneapolis reported mills bidding for
wheat at sac over the May price. A good
cash business was also reported. After the
advance to 1850 active realizing and short
selling caused a reduction to 15Ac, which
was quickly succeeded by another advance to
75$sc. The closing was firm at 75A075$sc.
Corn was comparatively quiet, but firm.
Local receipts were heavy, but this was offset
by the strength of wheat, and the clearances
of $40, 900 bushels. The visible supply in
freely during the last hour. May opened a
shade higher at 2312c, advanced to 24c, and
closed strong at 237sq24c. The market for
oats was firm and active all day. Buying
derS were plentiful at the start and prices
advanced. They broke when wheat made it's
1c decline, but rallied again quickly. Shorts
were the best buyers. The influence as in
the case of wheat, being the war scare. The
visible supply, increased 10000. May opened
4c higher, sold shade higher and declined to
1889, then rallied to 17sc, where it closed.
provisions were much firmer, pork leading in
the advance. The principal feature of the
days trade was the buying of about 80 COO bar
rels OF pork by Baldwin & Farnum. Prices
were helped by the strength CT wheat, and
also by firm hog market. A good many
wheat traders took shy at provisions
and the result was a very active market with
prices advancing from the start. At the
close May pork was 25c higher at O5; Nav
lard 1Oc higher al 81, and May ribs 10c higher
at S4.l2l3. Estimates Wheat, 40; corn, 500 ;
oats, $40; hogs, $4,000 head.
The leading futures ranged as follows: