The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1898-10-25

CHICAGO. Oct 24-Liverpool today fur
nished the tornado that swept over the
shorts in wheat. Ordinary conditions were
Ignored and in the turmoil December wheat
climbed 2isc. closing at 70h@703sc, the high
est point reached since the Letter collapse.
Corn advanced &c. Oats rose 1sQ14c. Pork
left off 7I5c higher and lard and ribs gained
&c each.
Wheat opened practically unchanged, but
quickly began to develop symptoms of unrest
regarding the threatening aspect Of European
politics. Prices started to advance, and
in the course Of half an hour the Decem-
Der future opening at 675sGD67%c had touched
6S2sd6Sl2c the high mark that reached
on the curb Saturday afternoon. English
conscls were practically unchanged at the
opening. rejecting absence of Increased
concern in financial circles over the French
affair, but the Liverpool grain market was
unsettled and stronger, indicating further
alarm among grain spectators. The later
naturally had the most influence for the
kindred market here and ordinary considera-
tons were deprived Of effect in the face OF
possibility Of European war. Chicago ar
rivals were S5S ears, against saturday esu-
mate of 1T5, and receipts in the Northwest
were 1,45l carloads, compared with 1872
Monday last and 1,6i0 fer the corresponding
day year ago The worlds shipments to
Europe last week were S,3l1 000 bu, without
fun returns from India This shows an in
crease of over LOCO 600 bu. which principal
ly came from Russian and Danubian coun-
tries, where a shortage was supposed to eX-
list. The total primary Western market re-
ceipts Tor the day were zoos G00, against
1.G6l, Geo fer the same day last year. Liverpool
opened with an advance of from 2s4 03d per
GENITAL and closed with 13l to 21sd net gain
for the day. Exports of wheat and -four
from Atlantic seaboard ports exclusive of
New Orleans, were $4,000 bu. The market
ruled continuously strong and about noon
December had reached 685sc. Around the
noon hour the price underwent a further up
turn from a drop of p per cent in English
consols. and an increase Of only go coo blu in
the visible. instead of 100000 Blu expected.
The market continued On the advance to the
end, and December finally left off at 7OA@
702sc, buyers.
The same cause that wheat had for ad-
vancing was likewise operative in corn,
though TO much smaller extent. The mar
ket opened easy but soon rallied on extern
sive buying by shorts and country purchases.
On the hard spots, however, the offerings by
longs were generous, and this had tendency
considerably above estimates December
opened 1sGAc lower at 31A 0311sc and adj
vanced to 32%c Sc lers, the closing figure.
The absence Of shorts in oats was account
able for slack trade and independent
prices Not only did the market fail to re
sp0nd to the advance in the other grains, but
trading throughout the day was linn ted and
of an Indifferent character. Towards the end
of the session the market recovered, and
prices towards the close showed small gain.
Receipts 331 ears. May opened a shade
lower at 2414 02414c, hung around 242sc, than
rose to 2424c and closed at 243s 02t%c.
Enormous receipts of hogs everywhere de-
this was suppanted by the strength in grains
and towards the close the early decline
more than recovered. January H.rk opened
219c lower at 1915, DECLINED to s9.12ia, then
rallied to $92711 and closed at 1926, sellers.
January lard began a shade lower at So, ad-
vanced to $5.0712c, and closed at $4,000 715
Ja5uary ribs started unchaneed at $472ia
sold at $4.7QQ4.7Z4a, rose to $3.50, then re-
acted to $47t12 at the close.
EstimTted r-ceipts FOR Tuesday are: Wheat,
2l0 cars; corn, go cars; oats, 252 cars; hogs,
80 900 head.
NEW YORK, Oct. 24.-The highest prices Of
the season were reached in the wheat pit to-
day. December sold up to 77&lc during the
regular session, ard reached 7Sc on the late
curb. The advance followed a weak opening
and was based on short drop in consols and
late advance in Liverpool cables, resulting
from war scare Local traders and foreign
houses sCld heavily around the opening and
were caught in the subsequent rise There
were export orders in the market, but they
were affected by the big jump in prices and
only ninetythree loads taken at all ports
The visible increased 10000 bu, where an in
crease Of fully 1850 coo blu had been expected.
This was considered significant as showing
how rapidly the huge Western crop is be-
irg transferred c-lt OF the country. The total
france today amounted TO 13s@1%4c over Sat