The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1899-10-24
1T FURNISHED FOUNDATION FOR
STRENGTH IN OTHER
GRAIN
GAINED NEARLY ONE CENT
Wheat Opened Strong and Active
Complaints of Damage by
Drought in the Southwest and
Higher Liverpool Cables Helped
the Bull EIement-PrOfit Taking
Caused Il Slight Recession.

CHICAGO, Oct. 23.-Corn was the leader
on change today and furnished the prin-
clpal foundation for the strength devel-
oped in the other markets. Disappoint-
ing husking returns and a steady de-
crease in stocks gave corn traders an OPP
portunity to give vent to a feeling that
has been struggling for expression for
some time, and the December option
closed with a gain of &c. There was a
general buying movement in wheat, with
shorts the principal participants, and De-
cember closed with an advance of 7sQ1c.
Oats rose 1sdAc, and provisions from
215 to 10c.
Wheat opened strong and active. Com
plants of damage by drought in the
Southwest and higher Liverpool cables,
Notwithstanding the downward tendency
of the market here for the last week,
caused the change in sentiment. Buying
was heavy from the outset, and, as Of
ferings were scarce, the market soon
got above call figures. Profit taking and
selling by holders of privileges caused
q slight reaction after 12c had been
added to the opening advance, but as
corn had begun to show decided strength,
shorts became anxious and ran to cover.
Outside buying hastened the upturn
that followed, and the price tended up
ward the remainder of the session, the
market closing strong at the best price
of the day. smaller increase in the
visible supply than expected and liberal
clearances helped to maintain the ad-
vance. December advanced to 10%Q7OHc
at the close.
Chicago received 222 cars: none con-
tract Minneapolis and Duluth got l,Vzl
cars. compared with 1,451 for the same
dov wear ago. Total primary receipts
were /, So. 000 blu, against 2,OOS,OOO bu last
wear. Worlds shipments to Europe last
week were S0OO,0C0 bd. The visible sup
plv increased only 1,2f 900 Blu, whereas
an increase of over 2,000,W0 bu had peen
expected. Cash demand here was SLOW,
as well as at the seaboard, Where only
20 boatloads were reported sold Tor eH-
port. ..
ing a little right along until within nan
an hour of the close, when pront taxing
checked the advance. Reports OF poor
WELD and a large decrease in stocks
coupled with the heavy country require
nents of both foreign and domestic con-
SUMPTION was the basis of the market
strength. The buying was We'll olslIlo-
uted, with the market broad one re
ceipts, 553 cars. Domestic visible &c
creased 966, 900 bu. Cash demand good.
December opened 1s@Ac higher at 9O3sQ
8O8,c to 3O7sc, sold sparingly at 309s@3o4c,
and advanced to 312s@311ac at the close
oats ruled quiet, and the advance was
due almost entirely to sympathy with
corn. Receipts were 352 cars. visible de-
creased 327. 900 bu. December opened 4sc
higher at 22a4c, eased off to 229s@22%4c, and
advanced to 22a4@227sc at the close.
Higher prices for hogs and a good cash
meat demand strengthened provisions.
The advance in corn was further en-
enlargement and a moderate gain was
easily established. January pork closed
71bQ1Oc higher at IS. 4212Q9.45, January laro
and ribs 21zc higher at $3.50 and $4'9z2
respectively. oo-
ears; corn, 875; oats, AS; hogs 24,OOO,
The leading futures ranged as follows:
Open High Low Clos