The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1904-10-25
WAR SCARE LIFTSWHEAT
SHORTS ARE ACTIVE BIDDERS FOR
BOTH OPTIONS
Quotations Show an Advance at the Out
set-Northwestem Receipts and Worlds
Shipments Both Decrease


CHICAGO, Oct. 24.APossibfity of war
between Great Britain ard Russia, had
considerable influence in causing strong
wheat market today. Continued active
milling demand was factor OF almost
equal Importance. At the close both De-
cember and May were up &c. Corn shows
gain of %@15c. Oats are shade high
er. Provisions are unchanged
Shorts were active Bidders for both the
December and May options when trading
began in the wheat pit. AS result OF
the urgent demand initial quotations.
showed a material advance, May being up
&c to &c, at $I.14 to $l-14Ac. Decem-
Der was a shade lower to- IS @Ac higher
at $1.15 to $L15A. The anxiety or snortS
was due to. a variety OF reasons, IN adj
dition to the continued bull1ShneSS or the
cash situation and possible. world wide
complications resulting from the Russian
Baltic feet incident Important factors
ceipts and in the worlds SHIPMENTS. The
fact that foreign grain markets showed
gains had considerable effect on the mar.
ket here. At flle start offerings were
prices rose rapidly, December quickly
| selling up to 81. 16 and May to $1.151s:
Realizing sales checked the advance and
loaded the market with. enough wheat TO
cause a temporary loss of the greater
part of the early Improvement. The mar
ket soon recovered from the setback, how
ever as a result of active support from
leader of the bull crowd. A sharp advance
/ in prices at Minneapolis also contributed
strength to the situation here. The
Southwest furnished an additional large
volume of bullish news. complaints from
Missouri regarding damage by Hesslan lily
being quite numerous. The high point on
December for the day was reached at
-$1.16s. May again sold up to Sll51s
Some realizing developed late in the ses-
sion, but the market closed strong with
December at $1.15k. Final quotations ON
May were at $1.14%.
Clearances of wheat and flour were
TO 11,-b Tba
passage decreased, LAOS. 900 bushels while
the visible supply increased 1.236, 600
bushels. Primary receipts. We're 1,362, 400
bushels compared with 1857, 100 bushels a
year ago Minneapolis, Duluth and Chi
cago reported receipts of S5S cars against
LOST cars last week and 1880 cars
year ago.
Gain in Corn
Strength Of wheat held the corn mar
ket firm, .notWithsta;nding 4 t,aa caoI,
Trading was quiet, the greater part OF
the business being of a scalping character.
December opened 7s@4c to 1z@Ssc high
er, at 481zc to 1850, sold between 4S14c
and 4824 and closed at 4SAc c. Local re-
ceipts 101 ears, with four OF contract
grade.
Under the influence of the strength of
other grains the oats market. held steady
in spite of considerable selling by cash
! houses. Trading was almost entirely 10
CAL After opening Ac higher. at zee.
December ranged pelWSeH zo7s VSSo94C anu
closed at 2S$4 @2SBc. Local receipts were.
1872 cars.
A firm undertone pervaded the provision
market, the strengthening factors being
the bullish hog market and higher prices
of grains. Shorts were the principal BUY
ers. At the close the January products
were unchanged from last night, final fig,
ures on pork being at $12.55. Lard closed
at $7.277a, and ribs at $3.50. ,,.e ,5s=
Estimated, receipts, for tomorrow:
| Wheat, 1O7 ears; corn, lS7 cars;s OATS -1S6,
cars; hogs, Is, 600. head.,i @ll2a1z -
Range of Quotations
The leading futures ranged as follows.