The Saint Paul globe., 1901-11-06
BULLS COT 4 START
---------
ACTION OF THE MARKET PROMISES
TO GET 1T OUT OF RUT OF
QUIESCENCE
FOREIGN NEWS WAS BULLIsH
Wheat Closed over Ic Higher at
Chicago, and Corn, Oats and
Provisions Also Show
Slight Gains.
FOREIGN NEWS WAS BULL1sH
Closing.

CHICAGO, Nov. 5.-Bullish foreign
wheat pit out Of the rut it has been lying
In fer several months past. and helped
other grain markets as well. December
wheat closed 1@11sc higher, December
corn &c up, and December oats 15c ad-
yanced. Provisions closed 211a@5c to so
71sc UP.
Everything in the wheat situation
today pointed to better prices and more.
active trade. Slightly improved cables
from Liverpool, Paris and Antwerp bas-
ed supposedly upon the recent rise here
were the initial influence for the ad-
vance. There was continued independent
strength. IN the corn situation and this
gave an added impetus to wheat De
cember opened only a shade higher on
out the session. Many shorts VINO have
Tried to bear the market were forced to
buy in at loss and turned bulls when
news arrived of shortages in the Rus
sian and Argentine crops and of the re-
moYal OF the import duty on wheat into
Mexico Of 30c bu. Sales to Mexico
were reported and just before the close
of the session came reports of decline
in British consols. probably the result Of
the war sea- e. May and December were
both bulled by professionals anu sold at
n difference of just &c. December closed
strong, 11sc advanced at 723sc
Receipts were 212 cars. of contract
grade. Minneapolis and Duluth renorted
$40 cars, a total for the three points OF
Primary receipts We're heavy at 1 267 600
bu, compared with 1,25G,0f0 bu last week.
Seab0aFd clearanceS were only 132, ,0QD bu.
Corn was active most of the session,
with u strong undertone. Commission
houses We're buyers and the selling was
mainly by longs taking profits. Decem-
Der opened 1s@14c higher and advanced
fairly on strong cash markets. One or
TWO prominent longs let go their lines
and this encouraged sho selling again
On sales to points which heretofore have
SplinrS In this market there q
reaction and shorts hurried to cover.
On the rise there seemed to be as much
corn wanted as q week or so ago. when
prices were a great deal lower. Crop re-
ports continue unsatlsl,actory and there
is constant talk of 4eeding the new crop
TO stock. December advanced to 59l1GH
$3.50 at one time and closed firm &c
higher at 5912c. Receipts Were 14S cars.
Oats We're nervous and active under
the influence of corn. The cash situa-
tion improved. receipts were small and
commission houses we e buyers. A prom
inent bull operator did a great cal to
chases December, which opened un-
changed advanced with but slight re-
actions and closed 12c up at SfSSc. Re-
ceipts We're 262 cars.
Provisions ruled heavy early in the
day, influenced by lower hogs. Prices
were lower all around and there was
some depression as the result of selling
by packers. Later there was a demand
by shorts, based partly on the gran sit
uation, and January pork closed 2IAN9ic
up at $l4S215; January lard 5971kc up at
er G: at $767ls. - - -'zSs'~ '.''''
are: Wheat, 155 cars: corn 10 cars; oats,
$50 cars, and $1,000 head of hogs
The leading futures ranged as follows:
Open. High. Low, Close
gSsssT N6sember -. sO.aH 50. n2. so M 50. 7ls.