The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1901-12-06
Minneapolis and Duluth seai S1 Ss1s..,

grains and heavy profits for the fortu-
nate sellers-there were the characters
tic features of business on the Board of
Trade today. The craze for buying, which
began to show itself yesterday, was pres
ent again at the opening and was aug
mented on every hand as the session adj
yanced The pits, floor and galleries and
the smoking room We're damned wlEl
spectators and spectators, largely visit
Ing stockmen, all eagerly trading. Adj
yances in wheat were 11sc, in corn 11ec
and oats 1Ac. Profit-taking on an enor
nous scale, however, took much of the
strength from the markets and Decem-
Der wheat closed only &C. May wheat
1sc, December corn A@Bc, May corn go
&c and May oats 1A@5sc advanced Pro-
visions closed at 171h@25c up.
Wheat, as yesterday, seemed to be In
most demand, though 1t held poorly. a
general bull movement almost regard
less of the usual influencing conditions,
seemed to control transactions. Not since
the present bull campaign began have
brokerage and commission people been
pressed to handle speculative orders as
they were today. No man or firm was
big enough In the perfect storm of busl-
ness to be prominent in the pit. Of
ferings, which were very liberal at the
Very start were absorbed as so much
water In a sponge News in itself was
not very bullish. Cables showed very
little response to yesterdays feeling here.
Local and Northwestern receipts were
small and showed a gradual decrease.
But primary receipts were rather liberal
and clearances were not large. Outside
markets, however, showed a big increase.
ed at the opening and in the wlhirl of
trade, tremendous profit taking by big
manipulators was disregarded until there
was such volume of it that 1t could
estimated to be high up into the millions
Of bushels. Gradually the decline came
and with 1t some slight lull in trade De-
cember opened 1s@Ac to as@12e higher
OF T11Ln 70 -nld IN fn
sagged off to 75c and closed firm, A@Ssc
up at 75ssc. May opened 1sc to 1sc high
er at 79ss@80c, advanced to the record
7s1ac and reacting Slightly, closed firm, &c
up at 1880. Receipts were IS cars, none
Of contract grade; Minneapolis and Du-
luth reported 101 cars, total for tho
three points of 7S9 cars. against SOS cars
last year. Primary receipts We're 1885,
00O blu, compared with $751; 600 bu last year.
Seaboard clearances equalled 1884, 9O bu.
Natural conditions, backed led, up by the
bles were strong, the cash demand lively
and the country at large wanted it. Out
side markets are constantly buying corn
at prices considerably above this mar
ket and prominent traders hold that mas
much as Chicago holds the big majority
of old corn stocks, the country must come
to this market to buy. And buy it did
today. AS in wheat buying orders came
in on all sides and sent prices up to new
record prices. The general range was
nearly 1c over yesterday and the larger
part of this was firmly held. In this pit
also big realizing for profits was under
way, but the effect was hardly apparent.
December opened 10D11sc to 1s4@17sc up at
64sac to e42sc and sold to Csc. sagged back oac
started in spurts, nc to lie higher at 671ic
and Csc, sold to 6S1sc, reacted and clos I'd
still strong, 5s@Ac up at 6l5s@67&c. Re-
ceiptS were III cars.
The early trade in oats was heavy. with
very active demand on the part of conf
mission houses. Acceptanees We're !. small al
uation still strong. May opened high Il,
at 4514c to 451sc, advanced to 46Ac, a
new record. reacted and closed firm, 12tp
&c up at 45%c. Receipts were 107 cars.
Provisions ruled firm all day, aided by
light receipts of hogs. strength in grains
and good country. buying orders. AS IN
an easier feeling, but the. close was
strong. January pork closed 22lsc up at
$780, January lard 25c higher.at $9.75 and
January ribs 171ac up- at $3.50.
The estimated receipts for tomorrow
are: Wheat, 40 cars; corn, 1870. cars; oats,
$50 cars, and $4,000 head of hogs.
The leading futures ranged as follows:
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