The Saint Paul globe., 1904-10-20
WHEAT CLIMBS AGAIN
BULLS HAVE NEARLY EVERYTHING
IN THEIR FAVOR
Northwestern Rains and Spread of Hes
sian Fly Damage in the Southwest GEN.
crate Strong Market-corn Also Gains

CHICAGO, Oct 19.-Rains in Northwest
and spread of Hessian fly damage In South
west gave encouragement to Dull traders
in wheat today. As result prices at tne
close were up over a cent compared with
last night. Corn made net gain OF an
even cent. Oats We're up nc; PROVISIONS
show an advance of 21sc to lOc.
A feeling of hesitancy marked opening
transactions in the wheat pit. Initial
quota tons on December were up shade
to 3s @3bc, at $1.143s to $1.14% May was
$1.121a GD1.125s. The uncertainty at The
start was due largely to the Indifferent
tone of cables, the Liverpool wheat mar
ket being barely steady, notwithstanding LII
the sharp advance here yesterday The
foreign situation, however, was appar-
entity soon forgotten. A close scrutiny OF
justify in the minds of many traders as.
sociations by bull leaders that Wheat
prices would go, considerably higher. A
2 cent advance at Minneapolis was a
milling wheat in that section. Wet
weather was reported in Minnesota and
North Dakota, and it was asserted tnat
as result much damage is being done
to grain still in the shock. News from the
Southwest also was bullish.
Winter Wheat Damaged
Reports from many quarters indicated
that the damage to winter wheat by lies
sian flies was increasing at an alarming
rate. In addition arrivals at st. Louis
and Kansas City showed a decrease OF
nearly so per cent. 1t was asserted mat
indications pointed to still further fall
ing off. A claim was made by St Louis
authority that at least 70 per cent OF the
farmers hands. With such reports at
hand, shorts and commission houses We're
active purchasers of the December op-
ton. The consequence was quick ad-
vance, December selling up to $1153.
May had a sympathetic advance tc 81. %
@I1312. Some of the large buyers then
turned sellers and prices reacted ABOUT
half cent. Later the demand again be-
came urgent and the market readily re-
Sponded to the increased buying, Decem-
Der advancing to $116A. The high point
on May was reached at $1.14ss. Renewed
profit taking caused another reaction iate
in the day, December selling off about q C.
The market closed strong with December
at $1.15Ss @1.151s. Final figures on May
were at $1.13k.
CIearances of wheat and -four were
equal to so, 200 bushels. Primary receipts
were 1,114, 100 bushels compared with l.
161; 500 bushels a year ago; minneapolis
Duluth and Chicago reported receipts OF
776 cars against 791 cars last week ano
679 cars year ago.
Rain in the West and prediction Of
more to follow within the next thlrty-s11
hours gave strong tone to the corn mar
ket. The strength of wheat also hac
considerable influence. In addition coun-
try acceptances to bids sent out yesterday
were exceedingly small. Trading was
moderately active. December opened un-
changed to CSC higher, at 4S12c to 4SBc
sold up to 491sc and closed at the highesi
point Local receipts We're 35 cars. with
four of contract grade.
Oats were Influenced mainly by thu
strength of wheat and corn, the marke
holding firm througout the entire session
December opened 1Ac higher. at 2S1sc
sold up to 29c and closed at the top. Lo.
cal receipts were 116 cars.
Fewer hogs than expected and an ad
vance in grain prices were mainly re-
sponsible for strong provision market
There was some evidence of buying BY
packers At the close January pork was
up 10c, at $1235. Lard was up 21ac, a
$7.20. Ribs were 5@71hc higher, al
$6.471k
Estimated receipts for tomorrow
Wheat, SO cars: corn, 70 cars; oats, 10.
cars; hogs. %, 900 head.
Range of Quotations
The leading futures ranged as follows