The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1897-11-18

CHICAGO. Nov IA little bulge which
took place in oats and which advanced the
price Of that article &c all that saved
wheat and corn from almost utter stagnatlon
today Sympathy with the strength in oats
put some degree of activity and considerable
strength in both those markets during the
latter part of the session. Wheat coIsed IA
G12sc higher and corn advanced 12c Pro-
visions were firm, though dull, and advanced
6610c.
Wheat was fairly strong at the opening and
for some time after, although keeping with
In range so narrow as to be remarkable
even for a dull market. The foreign wheat
markets were not as bearishly affected by the
decline of the day before at Chicago as they
were expected to be, and the Northwestern
receipts were very much lighter. Private
cablegrams also confirmed yesterdays dis
patches, reporting less favorably of the con-
dition of the Argentine wheat crop. With
such encouragement to holders the market
here opened at a slight Improvement over
yesterdays closing prices, May starting at
S916qS94sc and selling shortly after at S97sc.
Only a few of the smaller shorts covered,
and as the bulls did not press the market,
the trade during the mornings very small
with prices keeping a little above yesterdays
closing figures. The two Northwest receiving
points Minneapolis and Duluth, reported 759
cars of wheat today against LAO Wednesday
week ago, and sos the corresponding day of
the previous year. Chicago has 127 car loads
inspected into store against 1O4 last week and
63 year ago. Liverpool had declined Esd
per GENITAL before trading started here, but
Paris was quoted from sc to 15c higher for
wheat and zoe higher for near deliveries of
flour, to 10c improvement for March and
RI at We in q "
liberal Atlantic clearanees. The quantity of
wheat cleared from Atlantic ports was 3D.
D00 Blu and of -four Is 900 bbls or equal to-
gether to 435, 900 blu. The primary market re-
ceipts Of wheat were 1,0306 $50 bu compared
with S17,S05 blu the year before, and therefore
today's excess was not so markedly bearish
as recent similar comparisons. dispatch
from San Francisco said price Of wheat there
was 4c per Genital lower than it sold yester-
day, and New York reported in the forenoon
that there was "ery little appearance Of eX-
port demand. The market here was over
sold, however and q furry that started in
oats putting up the December prices Of that
article 1c per blu, communicated additional
nervousness to the shorts in wheat. After
Y o'clock the price began to feel the effects
Of the jump in the coarse grain and for the
first time in the session the price Of May
got above 90c 1t stayed above that mark,
the advance started by the unusual strength
and activity Of oats keeping the market going
until near the end May was bringing 90fsc.
The close was strong at 90A @907sc.
Corn was a dull market with practically
nothing going on except changing until oats
developed its strength. May ranged from 300
S0lsc to 2912c and closed 12c higher, at 500
SO1sc Oats were strong, the strongest thing
on the floor. The short interest which was
restricted yesterday by the influence Of wheat
and corn had full sway in the market today.
The strength was started by the acceptance
ut asc over yesterdays prices of all of last
nights cable orders from here, and there was
general demand from shorts as prices ad-
vanced. The spread between December and
May narrowed considerably and elevator peo-
pie are predicting that they will come to the
same price. The fact that Chicago contract
stocks are only 725 900 blu and are controlled
by two firms was an important factor Re-
ceipts were 2S6 cars. Clearances amounted
to $4,000 Blu. May ranged from 22fs@22&4c
to 2%Q2l7sc, closing &c higher at 225s0
2234c.
Provisions opened strong and although trade
was very small all day prices were well main
timed. Hog receipts were 5000 less than ex-
peeted and yard prices were higher. This
was the cause for the opening advance in
provisions. Buying was moderate, but suf-
hcient to keep the market firm. The close
was strong at close to top prices January
pork l0c higher at $3.50; January lard 2156
DC higher at $3.50, and January ribs 5GD7Ibc
higher at $4.271a. Estimated receipts Thurs
day: Wheat, l0S cars; corn, 409 cars; oats
81 cars; hogs, 80 600 head
The leading futures ranged as follows.