The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1902-10-15
CHICAGO LONG DOES A LOT OF
BUYING AND SENDS UP
THE PRICE
WEAK SESSION IN WHEAT;
CLOSE A TRIFLE LOWER
Increase in the Visible Supply Of Near
ly 100000 BusheIs-Oats Continue
Steady, With Good Trading-Provis-
ions Firm on Moderate Volume of
Business-October Lard Feature.

CHICAGO, Oct 14.-Interest on the
Board of Trade once more centered in
the corn pit today and, after a weak
opening, the close was strong. De-
cember was up 3-4c. December wheat
closed 1-S@1-4c lower: December oats
were a shade lower, while January
provisions closed unchanged to 21-2c
lower.
Indifferent cables, large receipts and
favorable weather all combined to
create an easier tone to wheat at the
opening. A strong demand for May
developed, principally from a leading
long, and with light offerings the mar
ket soon recovered it's early weakness.
The Southwest also was credited with
good buying. The sharp upturn in corn
was a strong bull factor. December
opened shade to 1-8@1-4c lower at
20 3-4c to 70 7-Sc. After declining to
20 58c there was rebound to II 1-4c,
but another decline occurred and the
close was 1-S@1-4c lower at 70 Sac.
Increase Nearly 100000 Bushels.
Bradstreet's worlds visible supply
showed an increase of 8,944,000 bu,
compared with an increase of $685.
900 bu last week. Clearances of wheat
and flour were equal to $4,000 bu. Prf-
mary receipts were 1905 900 bu, COM
pared with 100000 bu a year ago.
Minneapolis and Duluth reported re-
ceipts Of 994 cars, which, with local
receipts Of 202 cars-six Of contract
grade-made total receipts for the
three points of 1876 cars, against 1,4S5
cars last week and 1,044 cars a year
ago.
Corn was active again today and,
after the opening weakness, the buy
ing became quite animated, with a
local long taking on a large line. The
early depression was due to the i'm
proved weather conditions, and at the
decline there was heavy selling by a
prominent trader who is supposed to
be on the long side of the market.
General buying, however, soon caused
a rally and the early loss was more
than regained. Late in the session
scattered selling, with but a slight de-
mand, caused slight decline, but the
close was strong. December opened
1-S@1-4c to 3-S@1-2c lower at Al 1-Sc
to Al 3-8c, advanced to 4S 34c on the
bulge, but declined toward the close,
which was 3-4c higher, at 4S1-4@
4S 3-sc. Local receipts were 433 cars,
with Sc of contract grade.
Oats Market Rallies.
Oats opened weak in sympathy with
corn, but, on covering by shorts and
buying by outsiders. the market rallied.
There was a good trade throughout
= the session, and the close was steady.
December closed a shade lower at
81 % 81 1-Sc, after selling between
80 5-3c and 81 $50. Local receipts
were 293 cars.
Provisions were firm on a moderate
volume of trading. Covering by shorts
in October lard was an early feature.
Light receipts of hogs, with higher
prices for the same, was a strengthen
ing factor. The close was steady, ex-
cept on October lard, which was high
er. January pork closed unchanged at
$15.67 IL; October lard was unchang-
ed at $6.97 IL, with ribs lie lower
at So. ct 1-2.
The estimated receipts for tomor-
row are: Wheat, ITO cars; corn, 220
cars; oats, ITS cars, and $4,000 head of
hogs.
Z The leading futures ranged as follows: