The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1898-09-23

CHICAGO, Sept. 22.-Wheat today scored
the biggest advance that has occurred i'll
some time. December closed Ease high
er and Sep ember 1lsc higher. Strong cables,
higher cash markets and heavy export en-
EaSCments drove shorts to cover and made a
broad, active market. Corn was more &C
tive and strong with wheat, closing sc high
er. Oajs advanced &c with a big trade. Pro
visions were dull, but steady, helped by
grain c.Osing a, slight advances.
All the weakness which marked the close
OF yesterdays wheat market had disappeared
at the opening today and was replaced by
strength exceeding that shown for several
weeks. Nearly al the features influencing
the market were distinctly in favor OF the
buying side Liverpool WAS strong and high
CT az The opening and continued to advance
during the day. Paris was also higher,
showing an advance Of % centimes. Duluth
and other outside markets reported material
~ higher prices for the cash article. North
western receipts were at first reported at
S3l cars against 9ft last week, and 1,l33 a
year ago. These figures were afterwards
corrected 10 93l cars, but the correction had
trades for December ranged from 63A G64c,
compared with Yesterdays closing price OF
t34c. This was about at call prices and
selling against these privileges caused the
sales being made at 635s U6S4c. That was
the Low poin, Of the day. The demand
from shorts, which was good at the open
ing, grew heavier as the session progressed,
and no great amount Of wheat came out
a steady upward movement took pace,
which did not sop until 64i4c had been
bid. At those figures holders began to let
50 more freely. and the advance was checked.
Very little recession in prices occurred,
however. and offerings were hardly sufficient
10 satisfy the demand, and when fresh bull
news appeared later in the day the market
moved up very easily. Some selling was
caused by repor.s of rains in the winter
wheat belt. which were badly needed. and
receipts yesterday and today of 100000 bu
wheat brought here for mixing purposes. and
which was expected to bring to grade 1,0O0,-
coo bu or more low grade wheat, was also
q slight incentive to SELL but not enough to
affect prices much. Late in the day the
market, which for some time previous had
been rather quiet, became active again on re-
ports from New York, that so bo3tiOads had
been worked for export. Private London
cables reported poor Russian crop prospects.
Buying orders became very heavy after that
Before the close the December price had
moved up to 6+i206+5sc, and that price was
bid as the closing bell rang.
Corn was steady, with a somewhat better
trade. Shorts were free buyers and there
was good speculative demand for the long
account Market was Influenced somewhat
by wheat Receipts were moderate, 59S cars
but heavier receipts were looked for tomor,
row. There was a good Eastern and export
demand. Offerings from west of the Mis-
sissipgi were extremely light. Prices fuc-
tuated narrowly, ruling slightly higher all
day. December ranged from soc to 295s 029$l G,
closing sc higher al 293f G297sc.
There was a large trade in oats and
prices again advanced sharply. Commission
houses who have recently been large sellers
bought heavily and elevator people and
shorts were also free buyers. The cash de-
mand was excellent. London was Sd higher.
Receipts were 25S cars. The strength of
wheat was minor influence May ranged
from 231sc to 229sc, and closed nc higher at
23G23lbc
Trade in provisions was light The firm
ness OF grain markets acted a check on
short selling, and though the demand was
light, offerings were still more so. Ship
ments were large. The close was steady
December pork 212c higher at $500, December
lard a shade HIGHER at $4.75 and January
ribs 21ac higher at 81 So
Estimated receipts for Friday: Wheat.
zoo cars; corn 500 cars; OATS $50 cars; hogs,
26C00 head.
The leading futures ranged as follows: