The Saint Paul globe., 1903-10-03

CHICAGO, Oct, "A good demand for
future deliveries of wheat at the sea-
board by foreigners. together with an ex-
ceilent demand for the cash article at
Minneapolis. was largely responsible for
the strength in that market today and
Lecember closed B@Ac higher. Decem-
per corn was up k@Bc oats were 1c
higher and January provisions closed
from 21ac to sc. higher.
Future deliveries of wheat made good
sspurts early in the session. with Deem
ton. The opening on December was up
|pls QAc. to A@3sc, at 1890 to 7S1hc in
fiuenced by higher cables, big advance
atySt. Louis and the considerations which
bothered shorts yesterday. namely. the
decreasing stocks OF No. 2 red. There
was lot of commission house buying on
outside orders early in the day and shorts
Were scared into covering which resulted
in December advancing to 7SBc before
the end of the first hour. The incentive
to buy was increased by reports from
New York that foreigners were active
buyers there of future deliveries. To-
ward the noon hour commission houses re-
versed their previous course, selling De-
cember freely around 7SAc, and covering
May. The market went back faster than
1t had gone up on December. and the
nearby month was soon selling at 77%c.
Toward the end of the session the mar
ket strengthened on covering and the
higher at 1880.
Clearances of wheat and flour were
equal to 560.6O0 bushels Primary re-
ceipts were 1.113,2 200 bushels. against
1,210900 bushels year ago.. Exports for
the week of wheat and flour. according
to Bradstreets. were 4,0S2.0O bushels.
compared with 6.870, 900 bushels year
ago. Minneapolis and Duluth reported
receipts of 703 cars. which. with local re-
ceiptS of 43 cars, none of contract grade.
made total receipts for the three points
of 746 cars, against 635 last week and 909
year ago.
|. Corn Does Well Also.
Corn opened at higher prices on strong
cables, a good shipping demand and light
country offerings, and with active buy
ing on the part of big short interests the
opening hour. The leading shorts took
considerable corn early in the session.
but when the market got it's bulge the
same brokers. sold heavily, and when
wheat weakened later in the day much
of the early gain was lost. better
feeling ptayailed near the close. with
considerable buying on the theory that
the bearishness had been given too much
leeway and prices again advanced. After
selling between 45asc and 46hc, December
| closed 1&@9sc higher, at 45Ac. Local re-
ceipts were 43O cars, with 81 of contract
grade.
There was fair general trade in oats
and prices were influenced largely by the
action of other grains. The market ruled
closed with a fair advance, December be-
ing UP nc at 361sc. after ranging be-
tween 365s @36Ac and 36ssc. Local re-
ceipts were JAG cars. 80 IS
l.; Provisions were quiet, but further COW
eringgb by shorts IN October ribs stimulated
a firm feeling throughout the list. The
strengths In corn was also bull factor.
Offerings were light during the greater
part of the day. The close was steady,
with January pork up sc at SO. .52z. jan
uary lard was SC higher at $3.50 and ribs
up 31Se at Sc .60@6. .62k.
The estimated receipts for tomorrow
re- Wheat, 35 cars: corn, $50 cars;
oats 18O cars and 5000 head of hogs.
.0grF Range of Quotations.
The leading futures ranged as follows:
= y r=-f It Open High. Low. Close.