The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1903-10-22
WHEAT PRICES co DOWN
CORN AND OATS DO BETTER, MAX
ING DECIDED GAINS
Strong Opening in Wheat, With Good
Demand From Commission Houses
Sentiment Takes Place, With Tone
Turned Weak.

CHICAGO, Oct. 21.-Talk of heavier re-
celpts IN the Northwest and lessening
premiums Tor contract grades of both
spring and winter wheat caused apprehen-
sion among bulls in that pit today and
after a fair show of strength. early in
tne DAY, the market turned weak De-
cemper closing Is a nc lower. December
corn was 1sc higher. oats We're up sc. and
January provisions were from SC lower
to sc higher.
There was a good demand from com
mission houses for both December and
may wheat early in the session. and with
offerings quite light the market took on
strong tone, December advancing to Sic
after opening shade to 3s@1ac higher
at S09sc to SOC. The rally was helped by
the nrm outside markets and by reports
from the Northwest of a big business
TO-DAY for shipments East, together with
fair export business reported at New
York Shorts covered freely during the
early hours and prices held strong until
toward noon when reversal in sentiment
occurred Several prominent commission
houses were liberal sellers during the lat
ter part of the day and their action was
ioliowed by many pit traders who were
influenced by the prospects of increased
receipts in the Northwest, with a Iessening
OF the cash premiums. The market was
weak late in the day December selling
down to sec, and closing at S04sc, loss
of 1s@Hc.
Clearances OF wheat and flour were equal
to III 500 bushels. Primary receipts We're
1,l6l,0O0 bushels, against 1,42S 900 bushels
a ScetI dSO- MlIlIledpOHS ana DuIutn re-
ported receipts of SIS cars. which with
local receipts of 101 cars, none of con-
tract grade, made total receipts for the
three points of 679 cars, against GIG cars
last week and 159 year ago.
Light Trade In Corn.
Corn ruled fairly steady, but trading
was light and mostly for local account
Prlces were firm early in sympathy with
the strength in wheat, although cables
and weather were bear factors. There
commission houses and scalpers the
greater part of the day and prices held
fairly well in spite of the weakness in
wheat. After selling between 1880
431ae and 44c, December closed 1sc high
er at 1870. Local receipts were 293 cars
with OF contract grade.
There was a good general demand for
market held firm the entire session. Some
of the buying was credited to a local
Dull who sold out a big line last week.
The close was firm, with December I'D
NC at $3.50, after ranging between 35c
and 259s. Local receipts were 49, cars.
PROVISIONS were firm early ON cover
ing of shorts in lard supposed to be for
foreign account and an improved cash
demand from shippers Realizing by local
longs and selling by smaller packers
caused loss Of the opening firmness and
the market closed steady. January pork
was sc lower at $11.S21h; January lard was
unchanged at $6.521a, with ribs sc higher
at sc. 321a.
1.-The estimated receipts for tomorrow
are: Wheat, so cars; corn, 80 cars; oats
$50 ears, and $4,000 head of hogs.
Range of Quotations.
e@ The leading futures ranged as follows.