The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1896-11-13
AGAIN OVER EIGHTY
NEARLY TWO CENTS ADDED, TO
THE PRICE OF DECEMBER
WHEAT.
TONE STRONG THROUGHOUT.
LIGHT RECEIPTS AND STRONG
CABLES THE CONTROLLING FAC
TORS AT CHICAGO.
COARSE GRAINS ADDED FRACTIONS.
They Responded Only in Part to the
Firm Sentiment in the Wheat
Pit.

CHICAGO, Nov. 12.-Wheat having inter
walls of weakness, ruled strong today and
closed at an advance of 1S4c. The strength
OF foreign and outside American markets
contributed largely to the firmness Corn
advanced about Ac, oats the same, and pro-
visions from to 10c. Wheat opened with a
much stronger tone than it was exhibiting
at the close Of the market yesterday, and
for more than an hour it kept edging upward.
The better tone with which the market, open
ed because of the first Liverpool cables
showing no change in the face of 17sc decline
which took place here yesterday. 1t was
likewise due in part of the receipts Of wheat
here which were only 40 cars compared $50
on the corresponding day of last year. and
receipts at Minneapolis and Duluth, 451 cars
against 1,104 cars the parallel day of 1895. The
start for December was rather irregular at
from 1875 to 79Ac, but principally at 79c, yes
terday's closing price. 1t gradually worked
up to 1875 and then got hit hard. A cable
gram from the Liverpool Corn Trade News
estimated the Russian wheat crop at only
"a 100000 bu less than last year; this was
so 100000 more than previous estimates and
had a decided effect. Subsequently, however,
on the reported working of 5000 Blu of No.
spring for export, and a Beerbohm esti-
mate of a shortage Of wheat in Russia, which
differed materially from that of the Liver
pool Corn Trade News, the price took start
upward again, and once more before mid
day it went up to 7912c. In the afternoon the
bull feeling was completely reestablished.
Liverpool closed sd higher. New York re-
ported three cargoes of wheat sold for ex-
port, and San Francisco reported that the
Australian demand was more urgent than
ever. The effect of this was soon seen in
a rush of buyers into the pit, and animated
competition for the offerings, which took
December to 8O$4 Q8O7sc. The closing price was
S0%c bid.
In corn, notwithstanding the small receipts
and still smaller estimates for tomorrow
the market needed all the aid 1t received
from the strength of wheat. Selling was free
and prices ruled lower early, but turned up
ward in the last hour and closed compare
lively firm. May opened unchanged at 29c
declined to 2S5sc then recovered and closed
at 291sG2914c The volume of business in oats
was heavy. At the opening there was liberal
selling, which, with the weakness in wheat
caused heavy feeling and lower prices. When
wheat went up oats did likewise but only to
a degree, the close being at a slight advance
May started a shade higher at 22Ac, declined
light business was reported by brokers in
provisions. Scalping operations of great
volume or significance were about all that
occurred in a speculative way. The recovery
in prices of wheat caused some buying. The
opening was a slight advance due to the firm
hog market, and prices were well maintained
throughout the session. January pork clos
at S4.35; January ribs higher at 1920 Esti-
mates: Wheat, IS cars; corn, 120 cars; oats,
1877 cars; hogs, q, 900 head.
The leading futures ranged as follows