The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1903-10-12
WHEAT PRICE SARE UP
BULLIsH SENTIMENT PREVAILS,
WITH A GOOD DEMAND
Critical Far Eastern Situation. and
Good Cash Inquiry Are the Chief In
fiuences-Prominent Bull Operator
and Northwestern Houses Buy Free
V-Corn and Oats Also Do Well.

CHICAGO, Oct. 1O.-The critical
situation in the far East between Rus
STA and Japan and a good cash in
curry were the principal factors in
creating bullish sentiment in wheat
today. Closing prices were strong,
with December up 3-4@7-Sc. Decem-
Der corn was 3-S@1-2c higher; oats
were up 1 1901 lac. and January
provisions closed from sc to 10c higher.
Ihere was good general demand
1or wheat throughout the entire ses-
sion, and prices showed good gains
Tne opening was firm on the higher
prices III foreign markets, due to the
uncertainty In regard to the trouble in
the Orient, December being lac to
S-Se higher, at 78 5-S@78 3-4c. One
or the prominent bull operators was
an early buyer. and there was also
buying by Northwest houses, which
carried the prices still higher, De-
cember advancing to 79@79 1-8c Lo-
cal traders took advantage of the bet
Ter prices to sell, Influenced by the ex-
celient weather, and the market eased
off, with December selling down to
~ LIE. Toward the noon hour prices
again started upward on a strong cash
demand, and the market continued
strong the remainder of the session.
After selling up to 70 3-8c, December
closed with gain of 3-4@7-8c, at
rs 1-S@79 Lac.
Clearances of wheat and flour were
equal to 482,400 blu. Primary receipts
were S95,600 blu, against 1,198,2O0 bu.
Minneapolis and Duluth reported re-
ceipts of 51S cars, which, with local
receipts Of 80 cars. contract, made
total receipts for the three points of
695 cars, against GIL cars last week
ana S58 cars year ago.
Corn Also Advances.
An easier tone prevailed in the corn
pit early in the day, due to selling by
scaipers on favorable weather and
ing an estimate on this years crop of
z'zoO,00O,00O bu, with the quality
superior to last year. Later the mar
ket advanced ON the bull excitement in
oats, local traders buying quite freely
on the upturn. December closed with
q gain of 3-S@1-2c, after ranging be-
tween 45c and As SAC.
Local receipts were 324 cars, with %
Of contract grade
An improvement in the cash situa
ton caused a sudden upturn in oats.
while trading was the liveliest of any
or The pits. Leading houses were ac-
tive on the buying, side, and the ener-
gy they displayed caused shorts to be-
come thoroughly frightened, and the
UeIldiiu was augmented largely by
covering by these people. OFFERINGS
We're scattered. December ranged be-
tween 37@37 1-8c and 3s 1-8c, and
closed l 1901 14c higher at 38 1-sc.
Local receipts were I'll cars.
october lard was the only weak fea-
ture in the provision market, the rest
OF the list ruling firm. The weakness
In october lard was due chiefly to lack
of support. There was fair local buy
ing of January products, based on an
advance of 5000 in prices for hogs,
and pork and lard closed 10c higher, at
S11.95 and $6.67 IL, respectively jan
uary ribs were up 5@7 1-2c, at $6.371-2
@6.40.
Estimated receipts for Monday:
Wheat. 100 cars: corn. $50; oats, 215:
hogs. $1,000 head
Range of Quotations.
The leading futures ranged as follows:
! I / T