The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1898-11-01

CHICAGO Oct. 31.-Dealers in provisions
today had a sensation in squeeze oil shorts
in October ribs. Though few IN n ,annna6
by an advance of 81. 10 above Saturdays CLOS
ing price. The final figures showed net
advance of Csc January pork, lard and ribs
each advanced 21kc. Wheat closed 9sc higher
on a renewal OF the recent war scare. Corn
advanced sake. Oats left off shade high
er.
The early information about wheat from
foreign sources was quite bearish, and do
nestle receipts, so far as known up TO the
time of the opening Of the market, were
sufficiently liberal to be a good second to
the foreign lead. AS result trading IN De-
cember commenced very weak, and at hgures
ket became exceedingly dull after the pre-,
limnary drag and moved sluggishly around
for time. After a little a report was cir
culated that English consols had declined
s per cent, ard that set the war fever rag
ing again for about twenty minutes. during
which trade became active and even some
until December showed gain OF lssql9se
over the opening decline. The advance did
not hold, however as the amount OF the
decline in consols was on discovered 10
have been exaggerated. The days statisti-
cal information was fairly we'll divided be-
tween bullish and bearish. Chicago received
ing day of laset year, while Minneapolis and
Duluth receipts were 1871 carloads, against
1,451 a week ago and 1,S56 cars year age:
Worlds shipments We're 4,S5I,OOO bu, ana
the quantity on ocean passage increased
$3.50 900 bu, against l zoo, coo blu increase the
similar week the year before. The days
receipts at Western primary markets were
very heavy, 2.3T3.000 bu compared with 1851,
600 bu last year. Clearanccs from the At
lantic ssabcard were equal in wheat and flour
to 10O6,0eO bu. Liverpool recovered nearly
all of It's early decline and New York re-
ported fifty boatloads taken for export, while
$1,000 bu were sold here , for all-rail ship
newed buying by shorts and the market
wound up within fraction of the. high
lower at 65A06514c, rose to $3.50, reacted to
66Ac, then recovered to 66%c, sellers the
closing figure.
A decline at Liverpool and good weather
together with the weakness in wheat, start
ed corn urder put price. There was consd-
cradle buying against privileges, which gave
the marFot a frmer tendency The strength
became more pronounced as the session ad-
Vanced. good purchases by shippers and &C
tive speculative buying being awakened by
a sharp drop in both English and French
Der opened sc down at S2c, rose rapidly to
S25s932$dc, and closed at 321a@325sc buyers.
Oats Started out rather easy with the 9TH
er grains, blu. few outstanding shorts were
disposed to cover, and no offerings were
Forthcoming they were compelled to bid up
the price in order to accomplish their ends.
Receipts were 3O5 cars. May started Ac low
er at 2f3sc. advanced to 24A@24%c, then re-
acted to 249s@24a4c, the closing price.
visions would have been lifeless, and as it
was, the fight over the termination Of the
rib deal affected so few people that 1t did
not produce the usual excitement that at
tends a corner on the day Of its climax.
She lcngs in the rib deal were houses with
English connections, while the shorts were
said to be couple of Chicago's most prom
inent packers The result of the matter
was that October ribs, that closed Saturday
at $3.50. made the very substantial rise Of
SLAB per 100 lbs, and closed with a net
gain Of csc. Private settlements on the deal
during the session were said to have been
made on about 100000 lbs. The rest of the
market ruled 0ull throughout January nnrE
opened 21kc higher at 05, declined to So. 02la,
advanced to $9.O71k@91O then reacted 10
$9.05, sellers, at the close. Fluctuations in
lard and January ribs were Of the narrowest
kind.
Estimated receipts for tomorrow: Wheat,
45O cars; corn 460 cars; oats, $50 cars hogs,
rs, eco head.
The leading futures ranged as follows: