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Show RECENT III PRICE RECORDS SMASHED Surprising Burst of Strength in Chicago Market; Corn Also Soars. CKICAGO. Oct. 27. Tn a surprising burst of strength today, the wheat market mar-ket excelled all recent high-price records. , Traders were largely influenced by asser- i tions that exporters and foreign govern-ments govern-ments had obtained ownership of the bulk of deliveries here until January 1. Prices closed buoyant at the topmost point .of the session, December at $1.X6 to $l.Sfi' and May at $1.S4 to 1.R4. with the market as a whole 3c to 5ic above yesterday's yes-terday's finish. Other net gains were: Corn lc to ltjc. oats l'4c to l7c, and active deliveries deliv-eries of provisions 10c to 07c. Right from the outset the fact was evident that wheat values were again headed for the zenith. The chief impetus to buy came at Mist from news tlmt the rains yesterday in Argentina, mtseacl of braking t he general drought, had been only slight and that the moisture- in north Argentina was entirely too late to remedy the damage to tho crop. Continued Con-tinued stormy weather in Canada, where threshing has been virtually at a standstill, stand-still, tended further to stimulate demand. On the other hand, offerings proved unusually un-usually scarce, and the bears were further handicapped later by a decided jump in quotations at Buenos Aires. It was not, however, until attention, was directed to the chance of an extraordinary extraor-dinary squeeze In the December option that prices shot upward, apparently almost al-most unchecked. Reports of a sharp naval encounter In the English channel seemed at one time likely to put a stop to the upward swing of prices, but the effect on the market proved to be merely transient. When the closing gong cleared the pit the ascent was still In progress, and in some cases showed at the last a jump of Se from the low point of yesterday. All records in nearly fifty years for high prices of -corn were smashed today, No. 2 yellow selling "here at $1.10 a bushel. bush-el. Tliis price has not been, surpassed since 1867, when the apex as SI. 12. The strength of wheat was mainly responsible responsi-ble for the upturn in corn, hut there also was a falling off in country offerings. Oats moved up with other cereals, although al-though shipments east are restricted by the inability of railroads to furnish cars-Provisions cars-Provisions mounted ' to a higher level than has been equaled as far back as 1S70. Packing interests were active buyers buy-ers and there was a notable scarcity of offerings, especially of lard. RANGE OP THE LEADING FUTURES. Open. High. Low. Close. Wheat-Dec Wheat-Dec $1 .82 $1.8H $I-S2 t.R6 May 1.82 1.S4H 1.82 1.84 Corn Dec 87? . Rfli; .87- .89 Mav 89U .91 .89 .007s Oats-Dec Oats-Dec 53"? .SR .557i .5476 Mav 67. .58s -57 .58 Pork-Dec Pork-Dec 28.72 2fi.75 26.70 26.75 Jan 2fi . 00 26.70 26.00 26 . 57 Lard-Dec Lard-Dec 15.82 16.2." 15.82 ' 10.2.7 Jan 15.05 15. R5 15.05 15.45 Ribs 0 Oct 11.. nO Jan 13. SIT 14.17 13.97 14.12 CASH QUOTATIONS. Wheat, No. 2 red, $1.81 ?4 iff 1.83! : No. 3 red, $1.74ial.74; No. 2 hard. M.Siif 1.86i: No. Z hard. $1.81. Corn. No. 2 yellow, Jl.OStff l.l I ; No. 2 vellow, new, $1.04 ; No. 4 while, old, $1.07V-; No. 4 white, new, 9Sr. Oats, No. 3 while, 526!5 Oic; standard. stand-ard. 03 Vide' 54 Vgc. Rye. No. 2, nominal; No. 3, $1.35. Barley, S5ci& ?1.23. Timothy. $.2o&5.25. Clover, $11. OOf&lo. 00. Pork, nominal. Lard, S1B.40. Ribs, ?11.37rl-!.73. |