The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1903-10-11
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
fy-Corn and Oats Also Do Well.

CHICAGO, Oct. 1o.-The critical
situation in the far East between Rus
: sia and Japan and a good cash in
curry were the principal factors in
creating bullish sentiment in wheat
today. Closing prices were strong,
win, December UP 3-4@7-8c. Decem-
Der corn was 3-8@1-2c higher; oats
were up l 1901 lac, and January
provisions closed from sc to 1Oc higher.
/ There was a good general demand
Z Ior wheat throughout the entire ses-
sion. and prices showed good gains.
b Inc opening was firm on the higher
prices Ill foreign markets, due to the
I uncertainty in regard to the trouble in
the Orient, December being lac to
/ sec higher. at IS 5-8@7S 3-4c. One
. OF the prominent bull operators was
an early buyer, and there was also
\ pupng by Northwest houses which
carried the prices still higher, De-
oember advancing to 79@79 1-Sc Lo-
cal traders took advantage of the bet
| Ter prices to sell, influenced by the ex-
ceIlent weather, and the market eased
OFF, with December selling down to
! ~ 1-2c. 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-Sc, at
70 1-8@79 lac.
Glearances of wheat and flour were
equal to 4S2,400 blu. Primary receipts
We're S95,600 blu, against 119S,2OO bu.
minneapolis and Duluth reported re-
ce1pts Of 513 cars, which, with local
receipts of 81 cars. 2 contract, made
total receipts for the three points of
695 cars, against GIL cars last week
and 950 cars a year ago.
Corn Also Advances.
An easier tone prevailed in the corn
pit early in the day, due to selling by
scalpers. on favorable weather and
braostreets annual crop report max
ing an estimate on this years crop of
2,25O,00O,o00 sbu. 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 ISOLDE, after ranging be-
tween 45c and As 3=4c.
Local receipts were 1924 cars, with %
Of contract grade.
An improvement in the cash situa-
ton caused a sudden upturn in oats
Whlie trading was the liveliest of any
or the pits. Leading houses were ac-
i've on the buying side, and the ener-
gy they displayed caused shorts to be-
come thoroughly frightened, and the
demand was augmented largely by
covering by these people, Offerings
We're scattered. December ranged be-
tween 37@37 1-8c and 38 1-Sc, and
I closed 1 1901 1-4c higher at SO 1-8c.
Local receipts were I'll cars.
october" lard was the only weak fea-
ture In the provision market. the rest
or the list ruling firm. The weakness
In October lard was due chiefly to lack
or 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 1857 1-2, respectively. Jan
dary ribs were UP 5@7 1-2c, at $6.37 1-2
@6.40.
Estimated receipts for Monday:
Wheat, 100 cars; corn, $50; oats, 215;
hogs, $1,000 head.
neses Range of Quotations.
The leading futures ranged as follows: