The Saint Paul globe., 1897-10-27
MARKET SUMMARY.
FINANCIAL

CHICAGO, Oct 26.-Wheat changed front
On several occasions today, but December was
11bc higher at the end of a wabb.y session.
May however, was only 1sc higher. Ihere
was considerable closing out of short De-
cember contracts and taking on of May to
account for this. Approaching cold weather
and the small Northwest movement were
features in the general strength. Corn closed
s. Ac higher, in sympathy with wheat and
oats advanced A@$sc Provisions were heavy
and declined about 7l2c.
Wheat was weak for about ten minutes
after the opening, and then, without any
thing outside of the condition of the local
specu alton, it became firm and advanced
: 11sc from she lowest point. The trading
during that time was chiefly in December,
and to that future was confined the advance.
The opening weakness was because of
further sd decline at Liverpool and rain in
Nebraska and Kansas. On the other hand
receipts were light. Chicago received 1856
caIs, against 3S7 a year ago, and Minneapolis
and Duluth reported 997 cars, compared with
1130 a week ago, and l. 61S the corresponding
day of last year. The quantity inspected
out Of store was 1872 900 bu, and of the days
receipts only II loads were contract.
One feature of the days trading which had
a marked effect on final figures was the dis
position to cover December shorts in wheat
and to put them out for May, and
result of this the spread between those two
months widened to 25sc. The contract stocks
for the week at Chicago showed an increase
of only $4,000 bu. Clearanees from Atlantic
ports were equal, in wheat and -four to
$4,000 bu, and reports from the Northwest
were again quite bullish in respect to the
falling off in farmers deliveries at country
A.
forenoon. was reported declines at continental
markets, but when the public cabiegrams
giving the close at Paris and Antwerp, came
to hand it was found that the reductions
were not as heavy as had been privately re-
ported. The rain in Kansas and elsewhere,
Of the day before, was said to be spreading
in this direction but it was to be ACCOMPANIED,
or Immediately succeeded by much colder
weather. This augured no good to the be-
lated crop and caused some buying.
The receipts at primary markets were very
c'ose to the quantity on the same date of
the year before. Today they were 1,61S, 600
bu last year, 1173,0 COO bu. Bradstreet's re-
port of the worlds visible made an increase
since last week, of 4.213 eco bu; 1913 OOO bu
OF it on this side ard 24C0,000 bu In and
ailoat for europe. That caused one of the
weak spots in the days market, but the
DcdIISu Impression uu6 10 II was OF snort
duration. The market grew quite strong
toward the close. st. Louis reported that all
the contract wheat there. about three quar-
ters of million bu, had been ordered out
The local crowd had gotten short and when
it attempted to cover there was very little
for sale. December opened about unchanged
at 93l2@933sc, and declined to 93c. 1t rose
afterward to 941sc, fell back to 93Ac and,
near the close, sold up again to 9415c, closing
at 943sd9412c May ranged from 90% to 91B
and c.osed at 91$c.
Corn was very dull and the slight fluctu-
atfors of the day were caused principally by
the movements of the wheat market. As
t"e latter was firm in the end, so was corn,
which closed with net gain of Nc The
predicted cold weather caused some buying
on the theory that it would check the c0un-
try movement. Receipts were 531 cars. Cables
were AG3Sd lower. December ranged from
257sG26c to 25asc, and closed at 25Bc. Oats
were firm, partially through sympathy with
wheat and corn but mostly on account of
the excellent cash demand Elevator concerns
were good buyers. The visible increased
$4,000 bu. Receipts were $40 cars. December
ranged from 1875 to 1SG1S1sc, closing about
12c higher at 1880.
Provisions were heavy from the same
causes that have been weighing upon that
market for a long time past. The Cudahys
were sellers, particularly of January ribs.
offerings were not heavy as a rule but there
was no demand. At the close December Dork
712c lower at $4.221aG4.25, and December
ribs, 712c lower at $4.45. Estimated receipts
Wednesday: Corn, 425 cars; oats, 200 cars
hogs $4,000 head.