The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1900-11-16
NHEhT ROSE \ FRACTION
SHORTs WE'RE OUT FOR PROFIT
TAKING AT CHICAGO
YESTERDAY
CABLE NEWS STILL BEARIsH
Corn Gained "a Notch and Oats Closed
NEUTRALITY-SUSPICIOUS. Were
IN Demand, Advancing
Sharply.
CABLE NEWS STILL BEARIsH

CHICAGO, Nov. 10. - Wheat having
been sold to standstill, rallied today,
chiefly on proft-taking by shorts, al
though there was some news Of bullish
hue. December closed 14c over yester-
day. Corn closed a shade higher, and
pats unchanged. Provisions advanced on
light hos receipts, January pork closing
B212c, January lard 15c, and January ribs
Doc higher
At the beginning of the session the tai
ent beheld a paradox. The market hold
Ing steady on bearish news Liverpool
fully reflected the decline here yeSter-
day, and shorts, taking advantage of the
liquidation, which was renewed In
modera tie way on this fact, covered to
sure profits. Thus December which had
opened 15c lower at 7214c to 721sc, rallied
10 72$ac. This trifiing rally brought Of
ferinSs from longs, and December drop
ped to 711Sc, The low price for this crop.
Herei the market gave evidences of hay
ing been sold to the last speculative
bushel and prices steadied with a jerk.
An. Argentine cable reported ~ per cent
damage to the crop Of that country. ana
while this was denied by others later,
1t had it's effect among shorts. The open
ing of recently closed mills at Minneap-
oils also had its effect, and December ad
vanced to 7Z1a72Ac, around which fig
ures tie market held steady the remain
, ing he ar of the session. The rapid ae-
cumula tons of stocks and the prediction
of a good increase in the visible and In
the worlds shipments initiated against
any radical action by bulls. On pecem-
Der covering the December-May. differ
ence- narrowed to 3I2@35sc. New York
reAaFted 30 loads taken for export. Sea-
board cietranceS in wheat and flour were
equal TO $4,000 blu. Primary receipts
were I19QJ0 bu, compared with S3I 900 last
year, Minneapolis and Duluth reported
$50 cars, against-426 last week, and 766 a
year ago. Local receipts were % cars, III
of contract grade.
Corn was able to stand alone and DID
So helped by a good shipping demand.
Country offerings We're freer, but the
estimate for tomorrow was not sug-
gestiVe that there was any rush among
farmers to take advantage of the excel
lent weather for moving their holdings
to market, despite the premium. No.
corn is now commanding in Chicago for
delivery this month The market was
not an active one, and the bulk of trad
ing was for the local account Receipts
were S44 cars, and this number being "a
in excess of the estimate, caused a shade
easier prices at the opening. December
sold between 232Ic and $3.50, and closed a
shade higher at 35BQS6.
Oats were quiet and firm. Receipts
were only los cars, 81 cars under the esti-
mat e, and the estimate for tomorrow
gave no indication Of Improvement in
that respect. The shipping demand was
restricted TO prices at which business
could not be probably done December
sold between 213s022c and 22gl221sc, and
closed unchanged at 22c.
Strength and a fair amount of activity
held sway in the provision pit. Packers
and commission houses were. liberal buy
ers largely to cover shorts. The mar
ket was Influenced by a run of hogs,
1900 under the estimate. and by sharp
advance IN prices at the yards. January
pork sold between 81. SPY and $11.S21a,
and closed at 521ac over yesterday at
81 S21e: January lard between $3.50 and
$GS715, closing 15c higher at $6.9715, and
January ribs between $500 and $685., with
? the close 20c up at S6.35.
Estimated receipts for tomorrow are:
Wheat, 12si cars; corn. 325 cars; oats, les
cars; hogs, q, 900 head.
The leading futures ranged as follows:
Open High Low Clos