The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1901-11-16
NEW CORN IN BIG DEMAND

CHICAGO, Nov ia strong bullish
feeling prevailed in the grain markets to-
day as the result of continued heavy
demand in the coarse grains. December
wheat closed &c December corn 5s@%c,
and December oats ssQ15c higher. Pro-
visions closed shade lower to 2l2c
higher.
Corn traders ignored a heavy European
situation as indicated by lower cables
at the opening, and started December
unchanged to Csc higher at 597sc to 60lsc.
The rapidly growing strength that has
manifested itself lately in this pit began
to dominate the whole board. New ar
rivals were in great demand, and the
presence of Kansas City grain men here
bidding for the carload offerings for
shipment to Kansas and Oklahoma added
weight to the bull argument. New corn
was bid for far beyond the supplies at
hand November bringing 59e to Coo, and
No 8, Coo to Gle. Bidding at river points
also was on the basis of 21ac a. buShel
over Chicago for May.
With all these influences December ad-
vanced quickly to 60$4c AT this price,
however, prof1t-taking was general and
prices eased off somewhat. The greater
part of the early trade was by commits
sion houses, although professionals Soon
became buyers. Shorts seem practically
to have quit the market. Toward the end
OF the session the demand sprang UP
again and December closed strong, 3sGS4c
up at 60laQ60Ssc. Receipts were 81 cars
Undoubtedly the great support to wheat
was the strongly bullish tendency of the.
corn and oats markets. Wheat opened
strong, considering the weaker cable list,
large receipts and only fair-Sized clear
ances. Early offerings were light the
outside markets were bullish and Deem
Der which started unchanged at 721s0
72Ac quickly sold up to 72$4c. High
1,lfces resulted in considerable liquidation,
but the market stood 1T well. Later re-
ports, indicating q poor condition of the
winter croD and expressing fear that
freezing weather would find the grain
tee weak to live brought another ad-
vance, December closing firm, 12c up at
725. 072&te Receipts were 72 cars, of
contract grade; Minneapolis and Duluth
reported SO cars, total for the three
points of $50 against S29 last week and
e25 year ago Primary receipts We're
Il3TGOO bu compared with 697 600 last
wear. Seaboard clearances in wheat and
flour were %, 0G0 bu. Argentine shipments
had decreased materially, this weeks re-
port Indicating 5000 bu. against I2eD
last week.
The bull factors in oats were the same
as they have been for the last two days
q strong cash market and the corn ad-
vance. December opened 1sc lower at
39a4e, but quickly recovered or active
buying and short demand. May SOLD
at 4l5se. the highest price in seven years.
Selling was somewhat scattered until
high prices led to profit~takfng. Deeem-
be- sold between 3. q c and 4012c and Closed
firm asa1ac higher at 4014Gt407sc. Receipts
were 1913 cars.
Provisions were quiet with an easy
zone and a fairly steady market. Prices
were lower early ON lower hogs, but
later the large run of hogs was readily
taken by packers, and small demand
for futures brought a slight advance
January pork closed z1ac up at s15; jan
Diary LARD a shade lower at IS .52lS, and