The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1903-11-14
WHEAT DOES BETTER
IMPROVED DEMAND FOR CASH AR
TIcLE RAISES PRICES
Firm Undertone Pervades the Pit In Spite
of the Bearish Character of the News
Big Demand for May, Which Also Helps
the December Option.

CHICAGO, Nov. 13.-An improved de-
mand for cash wheat and a larger ex-
port business were the principal factors
In creating a better tone in the wheat
pit today and December closed with
an advance of &c. December corn was
up %@%c, oats were ~ higher and jan
uary provisions closed from TIC to 15c
higher
In spite of the rather bearish character
of news in general, an inclination was
shown among local traders to buy wheat
In the hope of an upturn after so long
a period OF depression, and as a result
or this improved demand a firm undertone
pervaded the pit. Shorts and commits
sion houses Were fair buyers at the start,
influenced to some extent by reports of
smaller receipts in the Northwest and
at 76@76Ac. Offerings were light early
In the day and farther advances were
made* Toward the noon hour prices eased
off somewhat on heavy selling by prom
1nent operator, which was followed by
sales from scattered sources, but the
demand was sufficient to- prevent any
marked decline. During the latter half
OF the session there was big demand
Tor May from house with st. Louis con-
nections, and the strength of this deliv-
cry helped the December price. The cash
business was also reported as showing
an improvement, and with a good export
demand, the market became strong dur
ing the last half hour. with closing
prices at the top. December closed &c
higher at 1910.
Clearances of wheat and flour were
were LA. 900 blu, against 1,217 bu a year
ago. Bradstreets exports of wheat and
flour for the week were equal to 1863, 800
by, against 4.410.00 bu a year ago. Min
n nes and Duluth reported receipts Of
766 cars, which with local receipts of
122 cars, none of contract grade, made
total receipts for the three points of 1888
cars, against 973 cars last week and 634
cars year ago.
Corn Is Somewhat Ditto.
The situation in the corn pit was sim
liar to that in wheat, local traders ia :
voring the long side in view of the re-
cent Declines and with fair demand
from commission houses. with covering by
shorts. the market showed good gains.
Prospects OF breakup in the present fa-
slble fori some of the strength. After
selling between 41Ac and 421hc, Deem
Der closed 5s@%c higher at 42as@42Ac.
Local receipts We're 247 cars with - Of
contract grade.
oats were given over to active covering
by shorts, and some of yesterdays sellers
Were also on the buying side of the mar
ket; The selling was scattered and most
y by longs with profits. Small receipts
and fair cash demand were bull fac
tors With the sharp advance in other
grains late in the day, oats moved up
ward and closed strong, with December
AZ TO "e 90 ~, @itSl SeiuiS petWeeil
32zs @33c and 33%c. Local receipts were
16S cars.
Provisions were firm under the leader
ship of lard, which was said to be in
good demand for shipment The hog mar
ket was weak and showed declines of
from 10c to 15c but an improved cash
demand. with liberal covering by shorts,
counterbalanced this bear factor Jan
uary pork closed TIC higher at $11 621a
January lard was up 15c at So. SPY, while
ribs were 1G@121c higher at $6.15@
6.17R.
The estiamted receipts for tomorrow
are Wheat, 1870 cars: corn. 235 cars;
oats, 125 cars, and $4,000 head of hogs.
Range of Quotations.
he 1aodinor fI,t,1rac ropoad foIlo1vo.