The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1904-10-03
WHEAT RISES FURTHER
FtRMNESs COMES FROM BuLLisH
EURoREANz CROP NEWS
Big Increase in Northwestern Receipts
Causes Weak openins-8uying by
4 Commission Houses Brings Rally

CHICAGO, ILL.,, Oct 1.-Bullish
European crop advices caused a firm
tone in the wheat market today. At
the close December was up Nc. May
closed precisely at yesterdays final fig
ures. Corn and oats are up &c and,
provisions to 20 cents.
AT the start sentiment in the wheat
pit was decidedly bearish, the principal
depressing influence being a big: in
crease in Northwestern receipts. In
addition to the liberal arrivals, cables
furnished a further incentive to sellers,
prices in foreign grain markets falling
to follow the advance made here yes
terday. A large increase in stocks at
Liverpool and larger shipments than
expected from Australia were causes OF
depression abroad. The market here
opened with December down &c to sc
at $l.12A to $h121s and May of 1sc to
re to g q 1sc at $1.13 to $f-13A. With
pit traders quite unanimously faVeriiag
the selling side, prices soon dropped
about &c, December declining to
$1I17s. May sold off to si.12A. Buy
ing by commission houses rallied the
market slightly and the trade temper
arily settled into a scaiping affair, with
fluctuations small. Later in the day
fiEner feeling developed on report by
a foreign statiStician confirming ad-
vices. indicating a poor wheat crop IN
Portugal Another report which orig
mated with leading cash grain house
on the continent stated that the Rus
sian wheat crop this season is $4,000
600 to 49, 99 600 bushels. as against
nearly 81, 06e, 900 bushels last year.
The strength of the Minneapolis mar
lzet was an added bull factor late in the
day. AS the market started upward
i x1~1 s.A taka.-
came frightened and bought back their
wheat Under this buying December
advanced to $1.13A and May TO sl.12A-
The close was firm, with December at
S1127s. May closed at $1-1SA q 1.151a.
Clearances of wheat and -four were
$4,000 bushels. Primary receipts were
1,064.7e6 bushels. compared with ILL.,
700 bushels a year ago. Minneapolis,
Duluth and Chicago reported receipts
of 1l1Ge cars. against S33 cars last week
andH671 ears a year ago.
Corn Is Lifted,
~ FUnfavarable weather conditions were
the@s main features in accusing firm
tone in the corn market. Offerings
were light and were used mostly ia
filing. scattered demands from outside
shorts. Country offerings We're small.
December opened a shade lever at
5Gsz c. Sold between sos @51H and
CLOSED at 51@511se Local receipts
were lao cars, with nine of contract
GRADE
Oats were firm, chiefly because OF
active buying of August by cash houses
against shipping sales. On account OF
smaller receipts in all directions hold
ers are feeling more confident. De-
ceriihera opened unchanged at SeAc.
rangAa between 30A @3oSse and. SIG.
311sc and closed at 3e7sc. Local re-
ceipts were 19e cars.
Provisions were streag Ga good de-
nand and small offerings. Outsiders
and shorts were active buyers. Sell
ing. was scattered. At the close jan
nary pork was up zoe. at $15.52h. Lard
was lIn.I56Di71ke. at s757i5. Ribs were
up 56171sc. at $6-90@S.92A-
Estimated receipts for Monday:
Wheat. 10 cars; corn, III cars; oats.
167s cars; hogs, q, goo head.
Range of Quotations
The leading futures ranged as follows:
--I47-,-,