The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1903-10-26
GOOD RISE FOR WHEAT
MANIPULATION AT ST. LOUIS Is
THE DOMINATING INFLUENCE
Market Is Strong Throughout the Day
tn Consequence of an Urgent De-
rnand-LocaI Traders Show More
Disposition to Buy-oats and Corn
Likewise Gain.

CHICAGO. Oct. 24.-Manipulation of
december wheat at ST. Louis was the
dominating influence in the grain mar
ket here today and caused a sharp adj
vance IN wheat, the December option
CloSlng with a gain of 1 1901 1-4c.
pecemner corn was up 3-Sc, oats were
o-6c higher, and January provisions
Were from 10c to % 1-2c higher.
Buylng of both December and May
wheat by houses with ST. Louis con-
nectlons was the feature in the wheat
pit, and the demand from that source
became so urgent, with only light Of
Ieflngs, that the market was strong
throughout the day. Local traders
showed more disposition to buy than
Ior some time past, although there was
nothlng IN the shape of news to war
rant Such action. The only semblance
OF Dull factors was the possibility of
war In the Orient and the small move
ment IN the Northwest, but this was
SuHlclent to create a strong demand.
HhfeGenloer opened 1-Sc lower to 14c
nlgher, at $1,000 3-Sc, and soon after
the opening. when the price of De-
cember at st. Louis began to advance
Dy Dig strides, due to the coneested
conoltlon of the market there. the
price here followed suit and ruled
strong the remainder of the session.
Inc nigh point was reached just be-
OAOHoC1 "IC1l bGcGInDSE SOlQ I'D
TO 81 3-8c. The close was at 81 146
81 S-Sc, gain of 1901 Lac for the
day.
Clearances of wheat and flour were
equal to 273,100 bushels. Primary re-
celpts were 1,057,300 bushels, against
1'5So,z 0o bushels a year ago. Mime
apohs and Duluth reported receipts of
oil cars, which, with local receipts of
soI cars. none of contract, made total
receipts for the three points of 672 cars,
against 649 cars last week, and $50 cars
a year ago.
Laneuid Trade in Corn.
Corn was firm in the face of a some
what langufd trade. Smaller receipts
,than estimated, strength in wheat and
= ra1rly good shipping demand were the
main supporting features. Cash
houses were buyers of both December
iand May, and there was also good buy
ing by commission houses. After SELL
ing between "A lac and "A 5-Sc. De-
cemher CLOSED with a gain of 3-Sc, at
"A 5-ac. Local receipts were 314 cars,
with 81 of contract grade.
2 oats were influenced by the bullish
sentiment in other grains, and the mar
kete showed good advance. There was
considerable anxiety on the part of
local shorts to cover, and offerings in
general We're light. December closed
with a gain Of 5-Sc, at So 5-Sc. after
ranging between SO 1-8c and So 5-S@
80 Sac. Local receipts were 237 cars.
hbSosfor October delivery had a
sharp break early in the day, but later
reacted, recovering all Of the early loss
zine Sbadance of the list was firm
throughout the session, the strength in
grains being the chief influence Jan
uary pork closed % 1-2c higher, at
S12.15; January lard was up 15c, at
$50, while ribs were 10c higher, at
$685.
Estimated receipts for Monday:
Wheat, So cars; corn, 365 cars; oats,
23O cars: hogs, 81 600 head
Range of Quotations.
The leading futures ranged as follows: