The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1904-10-13
WHEAT is VERY STRONG
RECEIPTS IN THE SOUTHWEST SHOW
cURTAIEMENT
Improvement insPrices Occurs at the Open
ina-Then They Decline, but Turn Up
Again-corn Closes Lower

CHICAGO. Oct. Curtailment of re-
ceipts in the Southwest vas the main
cause of a strong market here today IN
wheat Both December and May closed
with a gain of 13sc. Corn is up 112c.
Oats are up shade. Provisions are oil
15c to 321Ac
As result of higher prices in foreign
grain markets wheat at the opening here
WAS wanted in considerable quantities at
some Improvement in price over yesteI-
days closing figures The December OPP
$1.09 to S1.091s, while May was 1s@H
lower to shade higher. at S1.0SA to
batch of buying orders had been filed, it
was found that sellers We're still numerous,
and an easier tone developed. After
touching $1.esss @f. 091@, December declin1
L0934, and then reacted to $1.09A- Cable
news was not very reassufing to bull
traders. 1t was reported from Liverpool
that recent continental buyers of white
wheat cargoes were Offering to resell. 1t
was likewise stated that rain had relieved
TO some extent the drought in New South
Wales. Later, ~ nevertheless, the market
here had revival of bullishness when it
was seen how small had become the move
ment of winter wheat in the Southwest
Reports from ST. Louis and Kansas City
indicated a decided falling off in arrivals,
the decrease being Of sufficient quantity
to offset the liberal receipts in the North
west. An advance of sc a. huShel in the
price of wheat at Kansas City was an
here late in the day. Buying by be1ated
shorts was also a feature of late trading.
The market continued to gain in strength
until the close. final quota tons being prac-
ticaIly at the highest point of the day.
After touching 81. 1917, December closed at
$1.103s. May sold up to $1-11 and closed at
Clearances, of wheat and -four were
equal to q, 500 bushels Primary re-
ceipts were 1,292,90O bushels, compared
with I, 152, 500 bushels a year ago. Mime
apolis, Duluth and Chicago reported re-
ceipts of 79lo cars against 1,10S last week
and 619 a year ago.
Corn Finally Advances
An inclination to drag was manifested
in the corn market early in the day.
Later, however, on good buying by COM
became quite bulliSh. Light primary re-
ceiptsr and higher prices for cash corn
were the principal bull factors feature
of the trading was 81 C increase of De-
cember premium over May. The market
closed at the highest, point. December
opened &c to No Sc higher, at 1875 @4S1sc
to 4S1zc, sold off to 1914 and then rallied
to 49&4c. The close was at 1885 @49&4c.
Local receipts were sc cars, with of con-
tract grade.
The late strength OF wheat and corn was
reflected in small degree in the oats
market. On the whole however. senti-
ment in the oats pit was inclined to weak
ness. There was considerable liquidation
going on throughout the day and about the
only demand came from shorts. December
opened 4sc higher, at 29Ac, sold off to
285sc and closed at 1915 @29Ac. Local re-
ceipts were 113 cars.
Under the influence of a zoe decline in
the price of hogs the provision market
was weak from the start to the finish.
The feature of trading was continued IL
quotation in the outside holders. At the
close January pork was down 321ac, at
$12.421a. Lard was off TIC, at S7.221a.
Ribs were 15c lower, at $3.50.
Estimated receipts for tomorrow:
Wheat, 81 cars; corn. 102 cars; oats, ia
cars; hogs, $4,000 head.
Range of Quotations
The leading futures ranged as follows: