The Saint Paul globe., 1904-01-13
ALL GRAINS ADVANCE
MAY WHEAT is AT ONE TIME UP A
CENT
Conditions Are RuIIsh and the Market is
Strong From the Beglnnlng-The Big
Long Interest Makes Some Heavy Pur-
chases.
CHICAGO. ]:

CHICAGO. Jan. 12.-Worry over
weather and war advanced prices today
In every trading. pit on the Board Of Trade.
Wheat at one time was up a cent a BUSH
Ell for May. Closing prices Were strong,
with gains as follows, compared with last
night: Wheat &c, corn sc, oats 1Ac,
pork 30c, lard 1215c and ribs 10@121kc.
2 A bullish sentiment pervaded the wheat
pit. The market was strong at the start.
May being up ss@1ac to 7s@1c to $40
8! 12c. The principal factors influencing the
the prices of British consols on renewal
of war talk, firm foreign markets, together
with lack of moisture in the Southwest
At the advance there was liberal profit
taking, which resulted in a setback OF
about Y cent The market steadied on
heavy purchases by the long interest. La
ter in. the session a report was circulated
that Japan had accepted Russia's counter
selling movement on the part of local
traders. The desire to take profits was
intensified by fairly large increase in
the worlds available stocks. Under this
selling pressure May declined to S6&c. A
better export demand with reports of rains
In Argentina soon caused a reversal of
sentiment. Prices responded readily to the
change. May advancing to S71s 4S7Hc. The
close was strong at that figure.
ClearanceS of wheat and flour were equal
to 309,T00 bushels. Primary receipts were
7S0,600 bushels, against 548, 500 bushels a
year ago. Bradstreet's worlds visible sup
ply increased 1900 900 bushels. Mime
apolis, Duluth and Chicago reported re-
ceipts of 46S cars, against $50 last week
and 397 a year ago.
Small Offerings In Corn.
The war scare induced considerable COW
ering by shorts In corn early in the day.
There was also good buying for invest
ment account. Offerings were not large
and as result the market ruled strong
Poor condition of the receipts coming in
added confidence to the bulls. The demand
continued good throughout the entire ses-
sion, closing prices were firm. May opened
1sc to asc higher at 47Ac to 471sc, ranged
47Ac, gain of &c. Local receipts were
476 cars, with 1 of contract grade.
A report that the prominent long was
adding, to his line brought out good gen
eral demand for oats. Small receipts
also helped to encourage buying. The
strength in other grains caused firmness
in this market. Offerings were quite lib
eral on the advance and prices receded
somewhat. The close was Steady. After
opening 1sc to Nc higher at 391ac tc
391s @393sc, May sold between 39kc and
39Bc, closing at 1880. Local receipts
Provisions Were strong on lighter re-
ceipts of hogs, but more especially on re-
neWed talk of war. Shorts and commission
houses were active buyers early in the
session, with offerings coming mostly
from packers. The strength manifested
at the opening was well maintained and
closing prices showed good gains. May
$12 80 to $12 95, sold between $12. S71!
and $13. 05. closing at $13 .021A. Larc
opened nc to 10c higher at S6.S71s tt
80, and after ranging between Sc .S5 an6
$6.92k closed at Sc. 921a. Ribs were also
up TIC to 10c at the start, at $3.50 tc
$3.50. After selling between Sc 55 ano
Sc. 62A May closed at Sc. so to Sc 621s.
whea IS soePfs e6rn 2sS d9F cars oas
cars; hogs. $4,000 head.
Ranoe of ottota+jone
The leading futures ranged as follows
:. !. a C,I--