The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1899-11-22
GOOD EXPORT DEMAND AND Elk
PECTATION OF LARGE INCREASE
IN VISIBLE THE CAUSE
CORN SHOWED STRENGTH
Condition of Prices Was Accentu-
ated by Needed Rains in Corn
BeIt-Nevv York and Duluth Re-
ported Decided Improvement In
Foreign Call for Wheat, Causing
a Better FceIing-Oats Firm.


CHICAGO, Nov A.-Wheat was weak
early today, on a poor export demand
and expectations of a large increase in
the visible. but rallied on a marked i'm
provement in the foreign inquiry, closing
Ad9sc higher Corn, actuated by rains,
closed ssGS4c better. Oats closed shade
to &c higher and provisions at small
gain. r.E Fars-- ass9-'sitA
Statistics al the opening. IN wheat were
not Of a pronounced character. Initial
prices were unchanged from yesterday S
close. December at 667sQ67c. and May at
UdnIsc Export inquiry was poor, the
worlds visible was expected to increase
literally, and a local trader recently re-
turned from abroad announced opinions
decidedly bearish. This was sufficient for
the letting out of some long wheat, and
December sold down to 669sQ6GAc and
May to 7O7sc.
The strength of corn had a steadying
tendency. and at the decline the market
fluctuated narrowly on the operations OF
scalpers.
The first incentive to buyers came when
New York and Duluth reported decided
Improvement in the foreign inquiry and
a better business tone. Meanwhile the
visible supply had failed to come up to
predictions showing an increase OF only
7l6000 bushels. Shorts bought with con-
siderable animation, December advancing
to 6714@673sc and May to 717sc. The close
was AdSsc over yesterday for both op-
lions, December at 67Q671sQ67Ac and May
at 13sc.
New York reported twenty-five loads
take1. for export Atlantic port clearances
eQualed 252, 900. Primary receipts, 1,16O1OS
against 1858 ,424 last year. Minneapolis
and Duluth reported 1,120- cars, compared
with 804 last week and 2,177 the CORE
spending day last year Local receipts
lO3 cars, forty-four contract.
Corn was strong throughout the ses-
sion. a condition directly attributable to
the rains in the corn-growing sections.
Country roads suffered, and the move
ment from farms was as a consequence
interrupted. Coming at a time when rural
offerings were expected to be little
freer, the weather became a very import
ant factor. Shorts bought all they could
lay their hands on at reasonable figure.
December opened at $3.50; May, 3Sq331sc,
at a gain Of a shade for May and &c for
December; and, though the price eased
fractionally with wheat at the opening,
sentiment was bullish and recovery rapid
December advanced to 329s032S4c and May
to 1850, at which both options closed, q
gain of 5g024c for December and &c fol-
May. New York reported fifty loads taken
for export. Receipts, $50 cars.
Oats firm and trading fairly active
though business was largely the changing
of from December to May, or from corr
to oats to take advantage of the spread
Cash demand small, only $4,000 bushels
taken here for shipment. Receipts, 2S-
cars. December ranged from 29c to 2314c
closing a shade higher at 2314c; May sold
from 241sc to 2412c, and closed 1sGKc bet
ter at 2412c
Provisions were firm, influenced chiefly
by the strength Of corn, holding in spite
of considerable selling of December pro-
ducts. At the close January pork was
$9.5212; January lard 214c over yesterday
$5.1212; January ribs, $495@4.9713, a shade
higher.
Estimates tomorrow: Wheat, 81 cars
corn, 205 cars; oats, 112 cars; hogs, So 0O
head
The leading futures ranged as follows: