The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1899-10-03

CHICAGO, Oct 2.--The prospect of war
between Great Britain and the Trans
Vaal was the predominant factor in all
the grain and provision markets today
and caused sharp advances in some IN
stances A big foreign demand for Amer
lear cereals was also feature. Decem-
Der wheat closed 114c higher, and May
llb@124c higher. Corn advanced 1aQs4c,
oats Ease and provisions 21a@10c higher.
Wheat started strong at an advance of
3S61bc for December, Zee for May, which
latter option was in considerable demand
throughout the session. War in the
Transvaal was considered almost certain
by English traders as was shown by
SHARP advance in the Liverpool market,
and this fact strongly Influenced local
traders Besides this primary receipts
showed a big falling off, and the foreign
demand for wheat was excellent.
The demand was quite general at the
opening, outside investment buying being
much in evidence, and December opening
at 73BMl4c, soon advanced to T41ac. This
price was we'll above call figures, and SELL
ing against those privileges and the
usual realizing by longs caused tempo
rary decline, December reacting to 74c.
This, however, was the only soft spot
of the entire session. Prices were soon
back to 7414G74s8c, and though the volume
of trading fell off greatly for time, no
further decline resulted There was APP
paTently quiet absorption OF all offer
ings by some important" interests. To-
ward the close OF the session the market
became very active and broad and prices
advanced materially.
A report that diplomatic relations be-
tween England and the Transvaal had
been broken off and that martial law
was proclaimed in Pretoria put a sudden
stop to selling of any kind, and prices
were bid up quickly. Considerable inter-
est was taken III the May option. There
was a good outside demand for this fu-
ture, and the difference between May and
December widened to &c in consequence.
Minneapolis and Duluth received cars
against PAS a year ago. Chicago re-
CeptS were 1856 cars. seven of contract
grade. Total primary receipts were
100000 bushels, against 100000 bushels
year ago. The local cash demand was
large, with sales Of at least So 600 bushels
for export Other big shipping points re-
ported a similar condition. New York re-
ported 80 loads taken for export The
visible supply showed an increase of
24l5,000 bushels, but this had little effect
on the market. St Louis was a big buyer
in this market December advanced to
7l7sc, and closed at 742l@747sc May
ranged from 765B@UAc, and closed 1A@
l$8c higher al 7734c.
Corn was fairly active, but heavy
Shorts were heavy buyers of both Decem-
Der and May. and both futures scored
material advances. Prospects of a war
in the Transvaal was a prominent factor
in the advance. The shipping demand
was undated, the seaboard reporting 1872
loads for export Receipts 9SS cars De-
ccmber ranged from 297sG3O12c, and closed
1@Gf5sc higher at 3O2s0301ac. May closed
&c higher at 3112c.
Oats, in common with other grain mar
lets, was active and higher. PROSPECTS
of war made shorts uneasy, and cover
ing by that class of traders resulted in
good advances The small increase in To-
cal stocks, $4,000 bushels, and the con-
ttnued heavy cash demand were also fac
tors. Receipts 81 cars. December ranged
from 227sG23c to 231kM23Ac, and closed
A@%c higher at 231s@23Ac
Provisions were only moderately act
i've. Prospects of war, small hog deliver
les and the strength of grain markets
were reflected by provisions, and fair adj
Vances were scored in all products At
the close January pork was 10c higher at
$3.50, January lard DC higher at $751; and
January ribs &c higher at $515.
Estimates tomorrow; Wheat, 21O cars;
Germ, $50; oats, 275; hogs, 24,OOO
The leading futures ranged as follows:
Open High Low Clos