The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1898-11-22

CHICAGO. Nov. 21-The wheat market to-
day closed with a snap on the reported re-
fusal Of the Spanish peace commission to
continue negotiations. May is AG3sc higher
and December 1kc. Corn and oats advanced
nc and 3zq%4c respectively. Provisions are
up 5G71zc.
Some hesitation was shown by wheat trad
ers at the opening, though no decline in
prices was noticeable, except slight shad-
ing Of December. There was prospect OF
large increase in the worlds visible and
Northwest receipts were heavy, Minneapolis
and Duluth reporting 200l cars, compared
with 1896 last week, and 1876 year ago
Chicago receipts we're 337 cars, SO Of contract
grade. Expectations in regard to large
visible increase were more than realized, the
increase amounting to Z,l96OJO. LlVerpooI
started lower, but by the time trading here
commenced, the Liverpool quotations showed
an advance except for December in which
there still appeared a slight decline. The
signs Of weakness at the start quickly dis
appeared, and the market for an hour was
quite strong December opened shade lower
at 66AmBc, and May unchanged at 66DBc.
Buying for the long account, and moderate
amount of covering by shorts resulted in
a slow advance in May to 66@sc, and in De-
cember to 6795sc. After that advance prices
fuctuated considerably scalping opera
tons though within a comparatively narrow
range About IL O'Clock the market be-
came firm. Both Russian and Danubian ship
ments showed a marked falling off, an in
crease in worlds shipments being altogether
due 10 the heavy American shipments, and
this fact encouraged buyers. Strength,
kets also had good deal of effect on trad
ing. After the market again Guieted
down, though prices were well maintained.
December was the most active option and
there was evidence of considerable out
standing short interest in that future. At
times there extensive selling of Decem-
Der by prominent elevator people, and prices
yielded slightly while this going on,
but Immediately recovered. Primary receipts
were heavy the total being 2l73 900 blu. New
York reported a moderate foreign demand.
The Argentine news bearlsh, large crop
being promised, though possibly late. To-
wards the close the market became very
strong. Reports that the Spanish commits
soners had broken off peace negotiations
the best prices OF the day prevailing at the
close December closed at 677sc, and Nav
at 6G$sc.
Corn was active and higher. helped by large
shipments 1896 bu; higher cables and had
weather West. The outside trade showed
large increase, while local interest was
much greater. Realizing was free at times
but the general tendency of prices was up
wards and a good advance scored. Re-
ceipts were 1913 cars. May ranged from 34c
to 34Ibf 5Sc and closed 4 Q higher at 3412c
Oats were unusually active and strong. The
cash demand was excellent. Shorts were
larger buyers and there was an active gen
era commission trade. Offerings were small
and everything was quickly taken. Decem-
Der was especially strong and advanced &c.
Receipts were 313 cars May ranged from
25Rd7sc to 26l@c, and closed l2GFsc higher
at 26hc.
Provisions were only fairly active, but
firm. The advance n corn and oats was the
chief influence. but there was a good local
and shipping demand. Packers sold moder-
At the close January pork was nc higher
at $40; January lard nc higher at $500.
and January ribs 5m7iAc higher at A.65.
Estimated receipts Tuesday: Wheat. 1854
cars: corn. 800 cars; oats, 225 cars; hogs.
SO GOO head.
The leading futures ranged as follows;