Evening star. [volume] (Washington, D.C.) 1854-1972, 1906-10-28
THE GRAIN MARKETS.

CHICAGO, October 27-Firm cables and
wet weather in the United States caused
strength today in the local wheat market.
At the close wheat for December delivery
was up half cent. Corn was a shade
higher Oats were 1saA higher Provisions
were unchanged to 21za5 lower
Trading in the wheat pit today was more
active than at any time during the last
MONTH and prices showed considera BILE
buoyancy. Local traders who have been
hammering prices for several days turned
to the other side early in the session and
scrambled theoretically to cover their sales.
Offerings were few The bul1ish factors
were smaller receipts in the northwest. ar
rivals today at Minneapolis and Duluth be-
ing 2sS cars less than for the corresponding
day one year ago. and higher prices on the
curb at Minneapolis. Foreign markets were
also strong, wheat at Liverpool closing sd.
higher, while at Paris there was a some
what sensational rise in the prices of
-four for October delivery, as well as SUBJ
stantial gain in values. In addition to these
influences. weather conditions in the United
States were far from ideal for the crop
movement, many localities in the west and
northwest reporting heavy rain. During
the last hour of trading prices fell of
somewhat because of realizing sales. but
the close was firm December opened AaM,
to aak higher, at 70 to 73h, advanced to
1875, and closed at 731sa73A. Clearances Of
wheat and -four were equal to 25S, 200 BUSH
els. Primary receipts were 975, eco bushels,
against 1,2370O0 bushels for the CORE
spending day year ago. Minneapolis,
Duluth and Chicago reported receipts Of 55i
cars, against 794 cars last week. and SS4
cars a year ago.
Sentiment in the corn pit was bullish and
the volume Of trading was quite large,
iva
bidders, but offerings were not large Firm
cables, small local receipts, wet weather
throughout the corn belt and strength of
wheat were the chief reasons for the firm
ness. Late in the day realizing sales low
cred the market somewhat but the close
was steady. December corn opened AaA
higher, at 1895 to 1875, sold off to 43A a43aaA,
and closed at the low point. Local receipts
were 1S2 cars, with 105 of contract grade.
Oats were quiet and firm. Wet weather
and the strength of wheat and corn were
the main incentives to buyers Cash houses
were the principalbidders. December oats
opened ha14 higher, at 33A, sold up to 435s,
and closed at 331s Local receipts were 234
cars.
Provisions were firm at the opening be-
cause of a five-cent advance in the price
in the day, but later the market eased off
on selling by local packers. At the close
January pork was a shade lower at 1921.
Lard was unchanged at S.3712. Ribs were
21ka5 lower, at 7.45a1.47h.
Estimated receipts for Monday: Wheat, 20
cars; corn. 234 cars; oats. $50 cars; hogs.
80 ,OC0 head.
ST LOUIS, October 27.-Wheat-No. 2
red, 74aT5; No hard, 71a74; December,
71Ba72; May. 767sa761a.
Corn-No. 2 cash, 4414a44A; December, IL;
May, 41%a42; No. 2 white, 44Aa45
Oats-No cash, 80; December, 331s; May,
34k; No. white, 3a34h.
DULUTH, Mimi, October 27.--Wheat-
No northern, 76A; No. northern, 75A;
October, 76A December, 74A; May, IS;
July, 7sa.
MILWAUKEE, Wis, October 27.-Wheat
No northern, 7Sa79; No. northern, 74a
II; December. 73Aasked.
Rye-No. 1. 66as6A.
Barley-No. 2, 55a55h: sample, 4Oa55.
Corn-No. 3 cash, 45Aa46h; December,
4314 a43k bid.
MINNEAPOLIS, October 2-Wheat-De-
cember, 1895; May, TN; July, 78Aa7Sas; No.
1 hard. 77M; No l northern, 764; No. 2
northern, 749s No northern, 723ka731z.
Flour-First patents, 4.20a4.3O; second
patents, 4O5aA.15; first clears. 3.25a3.35 Sec
ond clears. 240a2.60.
Bran-15. 5Oa1b.76.