The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1903-11-15
WHEAT SELLS WELL UP
DECREASING RECEIPTS AND OUT
SIDE STRENGTH THE INSPIRATION
Opening Is Slightly Easier, but Better
Sentiment Soon Obtains and an tncreas-
ed Demand Results-corn and Oats Are
Off.

CHICAGO. Nov. 14-Decreasing re-
ceipts in the Northwest and strength in
outside markets caused a firm tone in
the wheat pit today, and December closed
A@%c higher. December corn was off
1s Nc oats We're shade lower and pro-
visions We're steady, the January products
closing from 21sc to. &c higher.
There was a good commission house de-
mand for wheat and the market ruled
firm after a slightly easier opening Con-
tinued favorable weather in the face of
predictions to the contrary and rather
disappointing cables caused some selling
at the start and initial sales on December
were unchanged to &c lower at 1850 to
76sc. Outside markets were all higher.
however. and this fact soon resulted in
creating better sentiment here. Mime
apolis reported heavy sales of flour there
yesterday and an excellent demand for
cash wheat and in consequence the
Northwest markets showed decided
strength. Cash demand here was also
good and this helped to give strength to
the speculative trading. New York re-
ported the December option strong on ac-
count of the exhaustion of contract stocks
and prices at St.-LouiS showed big gains.
ALI these influences were factors in caus-
ing a better demand here and there was
good demand throughout the day De
cember sold up to 771ac. but late selling
by longs caused slight recession from
the high point and the close was at l41s
077Ac, a gain of A@3sc.
CIearances of wheat and flour were
equal 10 4O3,bUU DuSnelS. re-
ceipts were 1855 800 bushels against l.
10000 bushels year ago. Minneapolis
and Duluth reported receipts of 1S4 cars,
which, with local receipts of 140 cars
none of contract grade-made total re-
ceipts for the three points of 924 cars
against 1070 cars last week and 1.43O
cars year ago.
Corn Takes a Drop.
Corn had to contend with weather con-
ditions which were most favorable for
drying out and curing the new crop, and
this feature produced more or less bearish
feeling Trading was only moderate with
a good deal of evening up going on De-
cember ranged between 42b Q421Ac, clos
ing Is @A C lower at 42Ac. Local receipts
We're 205 cars with nine of contract grade.
Oats ruled steady on fair demand
from commission houses and shorts. There
was some selling by longs at the start.
which caused little easier feeling, but
prices soon responded to the demand from
locals and closing prices were at about
last nights figures. December being.
shade lower at 1894 033%c. after selling
between 333s @33Ac and SAC. Local re-
ceipts were 139 cars.
Provisions were firm with a good deal
of covering by local shorts in evidence.
Buying of lard credited to packers was
the feature. Large shipments of hog
products with firm prices at the yards
were strengthening influences. January
pork closed &c higher at $11 81 ". January
lard was 21hc higher at $685., while ribs
were up Sc at $6.20@6.22k.
Estimated receipts for Monday: wheat,
$40 cars corn, 200 cars; oats, 1876 cars;
hogs, $4,000 head.
Range Of Quotations.
- The leading futures ranged as follows:
Omen IJiph | Low Close.