The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1903-10-07
WHEAT GOES HIGHER
THIS is DUE TO FEAR OF WINTER
WHEAT SHORTAGE
Opening Prices Are Firm, Notwithstand-
ing Lower Foreign Markets-Prices De-
cline Slightly Near the CIose-corn
More Than Makes Up Lost Ground

CHICAGO. Oct. 6.-Fears of a shortage
or supplies of winter wheat were brought
INTO prominence again today by the is
Suance of the crop reports of Missouri and
ONO, which showed considerable de-
crease from the yield of last year, and
as result of these apprehensions the
market ruled hrmer, December closing II
@9sc higher. December corn was up q a
nc; oats We're 1sc higher, but provisions
Were easier, the January products clos
ing from 212c to 10c lower.
A better undertone prevailed in the
wheat pit and at times the market was
quite strong, with trading of a more ac-
i've character than of late. Openins
prices We're firm, Notwithstanding the low
er foreign markets, December being up
70 a Ac at 76% @76Rc. ScalperS We're lib
erai buyers of December, but the May
deilVery was quite generally neglected.
mere was very little of the nearby op-
ton Tor sale, and as the session advanced
prices gradually went higher until 771zs
was reached. Bullish crop reports from
Missouri and Ohio, with strength in out
side markets, We're early bull factors
When BradStreetS figures were issued
showing an increase in the worlds ViSi-
bic supply of over l., 900, 900 bu, consider
able selling developed and the market
suffered a decline, December slumping off
10 1880. During the last hour. however,
prices again rallied on a good cash de-
mand from mills for NO. red and on
reports OF big export business done via
the gulf, 1t being claimed that so or 10
boatloads had been sold for shipment by
the Southwest houses. The close was
firm. with December 1h@%c higher at
77B @77Ac.
equal to 1O9,603 bu. Primary receipts
were 1,538,000 blu, against LII 900 bu a
year ago. Minneapolis and Duluth re-
ported receipts of 1,0S1 cars. which with
grade. made total receipts for the three
points of LIZA cars, against / ,233 cars
last week and 1,4S5 cars year ago.
Corn Does Well.
Corn was on bull tack and more that,
made up the ground 1t lost on the pre-
t;oI session. Buying was of an infiuen-
tai character, provision interests taking
the initiative on that side of the mar
ket. Country offerings were light ana
tnere was no special pressure to sell until
toward the noon hour when the reaction
In wheat led to freer offerings from the
local crowd. The main bull factors of
the session We're the prospects of more
unfavorable weather better cash business
and reports from Illinois of damage by
cold. After selling between 44hc and
451s q 45Ac, December closed as "a 1Sc high
er at 44A Q44Bc. Local receipts were $40
cars, with SO of contract grade.
Iradlng IN oats was of a moderate vol
ume, local traders buying early and caus-
ing small advance which was lost later
Vorable for the movement. Closing prices
were steady December being up &c at
35Bc, after ranging betewen 35S @36hc.
Local receipts were 296 cars
There was very little trading in pro-
visions and the market lacked any feat
ures. Prices We're fairly steady early,
que 10 puylng Of October lard, which was
credited to packers, but as the sessions
advanced prices eased off on general dull
ness and on the lower hog market Tho
close showed slight declines, January pork
being off 10c at $12 So; January lard was
down 2Ac at Sc. S2A. and ribs We're ais.
off 21ac at Sc SO.
The estimated receipts for tomorrow
are: Wheat, SO cars; corn, 225 cars: oats.
1876 cars and 1000 head of hogs.
Range of Quotations
The leading futures ranged as follows: