The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1903-11-18
WHEAT STRENGTHENS
OF REPORTED REDUCTION
IN MANITOBA CROP
BuiIIsh, Sentiment Prevades the Pit and
the Demand Is Unusually Good
Throughout the Session-Moderate Re-
ceipts In the Northwest Start Buying
Movement.

CHICAGO, Nov. H.-Reports of a big
reduction in the Manitoba wheat crop,
with decreasing receipts in the North
west, caused strength in wheat today
and December closed with gain of 17sc.
December corn was up &c and oats were
7ac higher, while provisions closed about
unchanged.
Bullish sentiment pervaded the wheat
pit and there was an unusually good de-
mand throughout the session from local
traders, which resulted in big adj
vance in price. The early market was
easier on selling by scalpers who were
influenced by the favorable weather and
lower cables, and December opened a
shade higher to Nc lower, at 1915 @76Ac,
to l69c, but later a good demand deyel-
oped from st. Louis houses and North
west traders and the market became
firmer. Moderate receipts in the North
west, with higher prices in all outside
the buying movement which resulted in
an urgent demand during the latter half
OF the session. A report that the Mani
toba crop had been reduced 5000, 600
bushels induced considerable covering
by shorts late in the day as we'll as buy
ing by commission houses, and closing
prices were at the top, December being
!asc higher, at 77AQ777sc. after touch
ing TIC.
Clearances of wheat and flour were
equal to 241, 200 bushels. Primary re-
ceipts were 100000 bushels, against
12S2. 100 bushels pear ago. The worlds
supply the week as SHOWN Dy Brad
streets increased BIB, 900 bushels, COM
pared with an increase last year Of
4,740, 900 bushels. Minneapolis and Du-
luth reported receipts of 763 cars, which.
with local receipts of 227 cars, none of
contract grade, made total receipts for
the three points of SO cars, against 1,544
last week and 929 year ago.
Selling Pressure In Corn.
Corn was under selling pressure at the
outset, especially the December option,
and the market for time showed fur
Their weakness A bear motive was had
in the cold which had prevailed through
out the Western and Central states. The
strength in wheat however, soon dissi-
pated the bearish feeling and shorts be-
came active buyers. May was in good de-
mand the entire day from professional
traders, and the strength of this month
helped the. December delivery. which was
inclined to an easier tone due to lower
cables and the unsatisfactory condition
tween Ale and 41Ac, December closed
Ac higher. at 415s @4Ac. Local re-
ceipts We're 1888 cars, with % OF contract
grade.
After some hesitation at the start, the
oats market became strong. Good buying
by commission houses freed the pit of
surplus offerings and local traders, find
ing they had oversold the market. COW
prices were strong with December 1sc
higher, at 1895 @33Ec, after ranging be-
tween 32Bc and 1850. Local receipts
were 271 cars.
Except for a moderate recovery from
its decline of yesterday, there was little
feature to the provision market. Selling
January and buying May lard for the
account of a local packer was the feature
in trading. Offerings were light which
helped to create steady tone. January
pork closed unchanged at S11.47k; jan
uary lard was a shade higher, at $6.67k
Q6.70 ribs were 211ac higher, at $50.
The estimated receipts for tomorrow
are: Wheat, ITO cars; corn, 120 cars;
oats, 125 cars, and $4,000 head of hogs.
Range of Quotations.
The leading futures ranged as follows:
I ODaD I HIGH / oW I Close