The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1898-11-15

CHICAGO, Nov. 1.-THE feature Of thu
days trading on change was the strength
closing at advance Of %11c, and No over
the May price Talk Of an oversold Decem-
Der market, mostly from the seaboard. heayv
export sales here and small contract stocks
caused a scramble among shorts. May closed
nc higher Corn and oats show shade ad-
vance. Prov sions declined 6g7Hc.
Opeuingv trades in wheat showed an ad-
vance OF about nc for both December and
May. December, which closed Saturday at
6S@c, started, TO-DAY at 6e7sge61zc. while May
for some little time. Nearly 10000 bu Of
wheat ives taken here for export Late Satur-
day and as an additional 1900 bu was re-
ported sold early today for the same pur-
pose the fact that contract stocks here were
less than 100000 Blu made local shorts. es-
trading, which for some time has been ex-
ceedingly dull became very active In cOnse-
quence. To add 10 the uneasness there was
continued talk that the December market had
been considerably oYersold at the seaboard
with rumore Of possible squeeze. Liverpool
was strong and up MQIAd. and this had
some effect on trading but not 50 much as
Il would had Il not been that Liverpool was
almost alone In the foreign strength. North
west receipts were heavy, Minneapolis and
Duluth reporting ]: ss4 cars compared with
1,7SS last week. and 1866 & year ago. Chi
cage receipts were 40 cars. % Of contract
grade. The visible increase was 2. 1874 900 bu,
and this was factor in the reaction that
took place after the first hours trading.
There was good deal Of realizing on wheat
against them. This relieved the pressure,
May easing of 10 661tc. and December TO the
same price. The latter month too much
In demand for any permanent downward
movement, however. Renewed buying by
anxious shorts soon started the price towards
a higher level. and for time December sold
at Mgko premium over May. Now York
made claims OF as high as 125 boat loads
taken for export. but the most reliable In
The market became very strong toward the
close. All classes Of BUYERS came I'm. putting
the December price up to &c and May TO
66&c, before holders lot go Of enough 20 sat
iefy their demands. December closed strong
al 66A d66Ac. and May at eGsc
Corn was slow with a narrow range OF
prices, and closed with but little change The
market was barely steady. considering the
higher cables. the strength OF wheat and
good export demand. Weather was favorable
for movement OF corn. Receipts were light
46s cars. May ranged from 335sc TO 33&sc and
closed a shade higher at 33MM83Zc.
Oats were firm at a little over Saturdays
figures The market was quite dull most Of
the time. though there was some influential
selling. which was well taken care Of Cash
demand good. The strength OF wheat
was the main factor Receipts were 800 cars.
May ranged from 24Ao 10 24&a24%c, and
closed shade higher Al 24%c.
Provisions were dull and heavy. Both cash
and speculative demands were limited and
AS there was soma selling pressure chiefly
prices were lower. At the close January pork
Was Be lower at ss.s7ls. January lard. fjkc,
and January ribs, 90 lower.
Estimates Tor Tuesday: Wheat $50 cars.
corn. 400; oats. 275. hogs. % 900 head
Inc leading futures ranged follows: