The Saint Paul globe., 1903-12-21
WHEAT IS A GAMER
POSSIBILITY OF EASTERN WAR
SENDS PRICES UP
Trading Is on Very Large Scale and
Market Advances to Top Price of Pres
ent crop-Shorts Try to Cover and Add
to the Markets. Strength.

CHICAGO, Dec. 19.-The possibility Of
war between Russia and Japan was para
mount today in affecting prices of wheat.
On an active general demand May closed
helped by the strength In wheat, May
corn closing X CSC higher, while oats
were UP 1z43sc. Provisions were strong.
closing SC to 171sc higher.
Trading in wheat was on very large
scale and the market showed greater ac-
Dvlty than for long while. Local hold
ers appeared to have the utmost conf
eence in the situation. Although the mar
ket advanced to the top price of the pres
ent crop. little disposition was mani
rested to take profits. The extremely hb-
eral export business Of the past two days
and the continued small receipts caused
good demand at the start Opening
prices were firm. May being a shade to
Is q &c higher, at S2Ac to S23sc Shorts
were the best buyers during the opening
hour, although there was some buying
Tor investment. Offerings were very mea-
ger and prices advanced with the ses-
sion Reports OF war between Japan and
Russia were rife among traders and to-
ward the end Of the first hour the demand
mad become general Shorts became
alarmed at the attitude Of the pit crowd
ana IN renewing efforts to cover added
greatly to the strength In the market.
Whlle there was some liquidation on the
ADVANCE, the effect was slight and closing
After selling at S35a @S3%c, May closed at
Sz9s 0S21zcs a gain of 1Ac.
Clearances OF wheat and -four were
equal to 42S, soc bushels. Primary receipts
were 61s,500 bushels, against GIL. 500 bush
els year ago. Minneapolis and Chicago
reported receipts Of 373 cars, against
6lI cars last week and SIS cars year
ago.
Wheat Carries Corn Up.
Corn prices were carried up by the
strength IN wheat and because Of the wet
weather prevailing all over the Central
West While receipts were larger today
than they have been for several weeks, the
PToeS3pects were bright for big reduction
IN the movement on account of poor roads
commission houses were the best BUYERS
ana the selling was scattered although
provision people had considerable corn for
sale After opening shade to lac higher
at 45A Q437sc, May sold between 43St c
and 441sc, closing at 44@44hc Local re-
ceipts Were SEQ cars. with three or con-
tract grade.
Oats were strong along with other
grains. There was fair general trade and
some evidence of further aecumula tion by
me fne prominent long interest. The demand
ing py local traders started shorts to
cover and with small offerings prices
showed good advances.
receipts continued small and a good
snIppIng demand was reported. Nav OPEN
sd shade to so Ac higher at SIC to
StBc, ranged between SIC and 1850
closing at 3T1ke. Local receipts were i09
Provisions were firm, with eonsiderabIa
outside buying still in evidence The bull
ish sentiment was encouraged by the ac-
ton OF grains. The advance met with
some selling by English houses and also
Dy local packers, but prices held up well
Ihe close was strong with May pork up
15gl71kc at $1I-95911. .951k. MAY lard was
6Q779c higher at Sc -621s @6 SIS and ribs
were 71ae better at Sc 35. Estimated re-
celpts for Monday: Wheat. so cars. corn
5zV cars; oats, 2S0 cars; hogs, As, ,006 head
Range Of Quotations.
The leading futures ranged as follows.
n 1 z