The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1898-11-17

CHICAGO, Nov. 16.-In the face OF much
bearish news wheat today held remarkably
steady. especially the December delivery. The
latter closed at an advance Of Ag@sc. Nav
declined nc. Shorts were uneasy and cover
ing freely. Corn advanced &c. oats nc, and
provisions closed 547lzc higher.
Wheat opened at &c to 5zc below ye5ter-
days closing quots tons December starting
at G5HG6Gc, and May at 65as csc. Liverpool
had declined from sd 70 I'd before trading on
this side began, and the 245 p. m. quotations
from Liverpool increased the loss from 1sd 70
"a for December and March respectively.
First transactions here brought the prices Of
December and May down 10 the level, where
holders Of puts could operate with safety. Inc
buying against those privileges caused the
market 70 assume al appearance OF hrnhess
al the decline and moderate reaction took
place, December getting up TO 66bH66iAc, and
May 10 6bMc. Besides the weakness OF Liv-
erpOol. the bear side OF the market was en-
couragcd by declines at Antwerp and Paris,
an almost total lack Of foreign demand, and
heavy Northwest receipts. Minneapolis and
Duluth reported OBS cars, compared with 169
year ago Chicago receipts were 1874 cars
six Of contract grade. The seaboard was
very prollhc in bear news, and IL mad good
deal Of effect on prices, which began TO sag
again as soon as the buying against puts
let up. Russian wheat, according 10 Liver
pool, was offered cheaper and Argentine
offerings showed an increase. Some export
business developed later, New York reporting
about fifty loads taken. but this was great
failing of from the heavy engagements OF the
past week or so. Primary receipts were enor-
665.00O bu more than a year ago. Notwith-
standing this, the market declined very slow
ly. December reached 653kc and May 65jzc be-
fore noon. Those were the lowest prices OF
the day. Shorts, especially in December,
where evidently apprehensive Of the situation
and took advantage OF every dip In prices 70
cover their lines. In the last hours trading
rumors OF the taking OF 600 bu for ship
mont inn arted additional hrmnGss TO the
market and prices advanced steadily The
market became decidedly active and firm
toward the c.ose, shorts coming In freely ard
bidding prices up rapidly. December ad-
vanced TO 6GAe and closed at 66asqGG%c. May
closed al 65hG6Gc.
Corn. though starting in weak. soon rallied
ana Tor the rest OF the session strong
Gables were lower. but there was excellent
cash demand here and liberal export sales at
soaboard. The market helped a good
deal by the strength OF oats Receipts we're
222 cars. May ranged from 331kd33Gsc TO 800
S3hc. and closed Sc higher at 33i2c.
oats were relatively stronger than the other
grain markets, and a large business was
done. Cash demand was good and offerings
were light. Shorts covered on a large scale
and influential local operators who have been
selling recently bought heavily. The market
was very active and strong near the close.
Receipts. POI cars. May ranged from 2514c TO
A9sHZiAc. and closed nc higher at 25Ac
24%c.
Provisions, in spite OF the duIlness which
was marked throughout. were strong with the
exception OF few minutes after the opening
The market was helped by the rally in gains
which drove shorts in. Offerings were linn
lied and prices advanced easily. January pork
c&sed 7i3c higher at SS.92ls January lard
itae higher NJ 1920. and January ribs SC
higher at $4.52i5df55
Estimated receipts Thursday: Wheat. 1926
cars, corn. $780, oats, $50. hogs, 40 600 head.
The leading futures ranged as follows: