The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1898-11-23

CHICAGO Nov. 22.-Markets. for grain and
provisions became very strong today af er an
early period Of weakness. The effect of the
storm on country shipments and the con-
tnued heavy foreign demand for American
glains were the causes for the advances
Ecored Wheat closed &c higher and corn
and oats about 1zc higher. Provisions ad-
yanced 5d121zc.
The first hour and half in wheat trading
was marked by exceptional dulness and
prices during that period scarcely moved from
the point where the market started. 1t
seemed as IL the blizzard had frozen up all
inclination to buy and sell wheat and trades
OF any Importance were remarkable for their
scarcity There was some selling pres ure
at the start, enough to cause 1sdAc decline
IN the leading options, May opening at 66A
assoc, and December at 67G67Ac Early
Liverpool quotations showed very small ad-
vance. The selling however, was appa en- ly
almost altogether by shorts. Liverpool re-
ceipts for the past six days have been en-
tirely from this country, and this and the de-
creasing shipments from Russia and the Dan
uDlan countries mad evidently IeU perma-
nent impression the speculative mind,
very little long wheat for sale. North
west receipts were heavy again, Minneapolis
and Duluth reporting 2,1U cars, compared
with 2039 last week. and ,3O6 year ago.
Chicago receipts were 399 cars. remarkable
feature of the Northwest markets
advance of &c in cash wheat in spite of such
large receipts in that section. This
the starter for a notable advance here. After
IL O'Clock the market became active and
very strong. The blizzard raging
expected 10 result in great falling off in
receipts, and also caused fears OF an early
closing Of the straits This frightened De-
cember shorts and heavy buying from that
source continued for some time, sending the
December price at one time to a premium
OF 1lsc over May. Atlantic port clearances
of wheat and -four amounted to $40 000. New
York reported good acceptances from abroad
OF last nights cable offers. Three boatloads
offered direct from Chicago to Liverpool were
accepted. Before the noon hour December
had advanced to 675s@67$4c. and May TO
669sc. b. adstreet's report of the worlds Wis
ible supply, showing total increase of 1892,
600 bu was considerably heavier than ex-
pected and arrested the boom for a time,
realizing and increased sort selling causing
some reaction in prices. The cash situation,
however, was too strong for the market to
be held down, and near the close buying be-
came very active again the market advance
ing and holding firm to the end, December
closed at GSlsc, and May at 67h4Ac.
The market for corn was active through
out. Early there a slight dip on the
theory that the cold weather would improve
the quality of new corn. There were buy
ers for every bushel offered, however. and
the market grew very strong. The seabOard
demand was enormous, 125 loads being worked
for export Receipts were light 306 cars
Near the close the bullishness Of wheat gave
buyers further encourag sment, and trading
was quite heavy toward the close. May
ranged from S4B034Ac to 25c and closed q
QMc higher, at 341s6r35c.
Oats followed corn closely, opening weak
and closing strong. There was a good deal
OF short selling by scalpers early In the
day and their covering later helped materially
TO strengthen the market There was a good
local and export demand. Receipts $50
cars. May ranged from PC to 26Bc, and
Closed 3,c higher at 26@ac.
Provisions, though rather quiet, were firm
and followed closely The advance in the grain
markets packers were moderate sellers, but
taeTe was an Increased commission house de-
mard, and all offerings taken. At the
close January pork was Pre- h CHER at
S9.22ls; January lard sc higher, at $50 and
January ribs, 5U1l@c higher. al $i.709I.72l@c.
Estimated receipts Wednesday: Wheat 155
cars corn, rs; oats 1875: hogs. 1850 head.
The leacing futures ranged as follows: