The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1904-09-29

WHEAT HAS FRESH LIFT
MAINLY BECAUSE THE CROP IN
FRANCE Is SHORT
Early In the Session Depression Rules
and Liberal Northwestern receipts
Bring Out Realizing saIes-sentiment
Turns eutifsh.

CHiCAGO,,S Sept. 28zShortage of wheat
IN france as shown by official figures had
a buoyant effect on speculative prices here
UP &c. May wheat showed an advance of
hc. Corn is up he Oats Melted q gain
Of Mc. Provisions are TIC to l5c lower.
indiIerence Of foreign grain markets
TO an advance here yesterday had a de-
pressing influence on wheataat the OPEN
ing Liberal receipts the Northwest
saidea n bringing out realizing sales. initial
5sc at $1.11sss to $1.11z. May opened &c
to SscsloWer at Slips to $I.12M. Imrnedf-
atelys after the openiI,g b May option
made a quick rally. December advancing
to $l-12A and May to 81 .I31 y. The sudden
change in sentiment was due TO nu-
houses. The demand was based upon an
opinion reported as prevailing at Kansas
City and ST. Louis that a material reduc-
ton IN receipts Is impending. On this
sfeaIzing sales were heavy and the result
was an easier feeling and a fractional de-
cline. Later in the day sentiment in the.
pit became quite bullish.
One of the main influences was the an
nouneement of the official figures on the
wheat crop of France. According to this
estimate. the total yield shows a de-
crease of 6S, COG, 600 bushels compared with
last. years crop. Taking these figures as a
OASIS. a Wei known foreign crop statis-
tician made the claim that 80, 10000 0
bushels OF wheat will have to be imported
INTO france. The larger part of the i'm
ported grain. it was asserted. will have
to be shipped from America. The domes-
tic flour situation was IN added stimulus
to the purchase of wheat. The high point
on December was reached at 81. 13 q, while
May sold up to Silly. A reaction oe-
CURED late in the final trading as a re-
gain being lost. The close, however, was
firm. with December at $1.12B. Final
quotations on May were at $1.13%.
e, Glsiaf "a C 5oo Of wheat and flour were
were 1 329, 500 bushels. against LIS. 500
bushels a year ago. Minneapolis, Duluth
and Chicago reported receipts of 1,062,
cars. compared with SIS cars last week
and S56 ears.a year 60.
Corn Rises
During the early part of the session an
Seasy. tone prevailed in the corn pit, but
sentiment experienced a radical change
later in the day, the market becoming de-
c1dedly stronger. Warm weather and easy
cables were weakening influences at the
Illinois started active covering by shorts.
resulting in the late strength. December
opened UNCHANGED to Ac lower at 5oAc to
closed at 51%c. Local receipts were 1874
cars, with II of contract grade.
me strength of corn was the main fac
tor in holding oats firm. Shorts were fair
purchasers, but offerings were compare
tlye!y light. December opened a shade to
As G lower at 30A@s0%c to 30% @30kc.
ranged between 3oAe and 3oNc and closed
at5SBAc. Local receipts were 166 cars.
Provisions were veal in sympathy with
a decline of 10c at the yards and increased
receipts. of hogs There was considerable
liquidation of October holdings. At the
close January pork was Off 15c at s13 Is.
Lard was down 10c at $7.37h. Ribs were
% lower at $6. 82L.
Estimated receipts for tomorrow:
WheaI. ~ cars; corn. 1873 cars; oats, 155.
cars;-hogs. LIS, 900 head. -.
Ranne of Quotations
The leading futures ranged as follows: