The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1904-10-04
WHEAT AGAIN >REEPS up
REPORTS or ACTIVITY IN FLOUR
OFFSET BEARIsH INFLUENCES
Weakness Marks the Opening on Lower
Cables, Large Worlds Shipments and
Heavy Nortfwestern-Rece De-
cIineS

CHICAGO. Oct. 3.-Reports of an ac-
tive -four trade offset number of bear
ish Influences in wheat today and helped
to cause a firm tone. At the close Decem-
Der was up A@zsc Corn is off shade
Oats show gain of Is &c, and proyl-
sions Toe to 271ke.
At thee outset the wheat market was
decidedly weak. Opening Quotations on
December were down AM2zc at 81 .12ls
to 81. 121s. May was off Il csc TO q q &c
at ST. 125S TO 81 .12Fs. The factors that
contributed to the initial weakness were
lower cables. liberal world s shipments
and heavy receipts IN the Northwest. For
a time commission houses We're free sell
ers and with only a scattered demand
prices declined still further. December
sold off to $1.117S and May to 81 1234-
On decline a leading commission house
became a heavy buyer and this support
started active covering by pit traders
who had sold toe freely ON the opening
weakness. AS a result the market sud-
denly turned strong Rumors that
leader of the bulls was buying heavily
through commission houses, while selling
openly. caused additional purchases by
the pit crowd. The condition of the flour
trade was a decided bull factor. Seattle
reported having sold 5000 tons of -four
for shipment to VIadivostok while Port
land sent advices of the sale of ten ear
loads to New England Minneapolis also
reported an active demand for flour. On
the resulting bulge in wheat here Decem-
Der advanced to 81 IA and May to 81 141s.
During the last hour the market lost much
of its newly acquired strength, the prin-
cipal depressing influence being an I'M
usually heavy primary movement. Real
izing sales caused a considerable re&c-
ton, but a firm tone prevailed at the
close. Final quotations on December We're
at 81. 131s al. 13A. May closed at 81 ID g
G1.131a.
CIearances of wheat and flour were
equal to IA 00o bu. The amount on pas
sage decreased 2SS. 1000 bu. while the Wis
ibie supply increased 2.373, 600 bu. Pri-
mary receipts were l. S65 ,0e0 bu, compared
with l. 10000 bu a year ago. Mlnneap-
oils, Duluth and Chicago reported receipts
OF 1.S70 cars, against LOO cars last week
ana 1,210 cars d year ago.
Corn Loses
Weakness in wheat and favorable
weather conditions brought out fair sell
ing of corn early in the session, resulting
in decline from Saturdays closing quota
tons Later the market became frmer IN
sympathy with wheat. Small primary re-
ceipts also furnished additional encour-
agement to bull traders. Later in the day
the market eaSed under moderate reaiiZ-
ing sales. Sentiment at the close was
barely steady. December opened Is a &c
TO Il q Ssc lower at 50&4c to 5OfBe- sold up
10 DISC and Closed at DIG. l-OCdi re-
ceipts We're 146 cars, with of contract
grade.
Liberal receipts and an advance of
nearly 1000. 600 bu in the visible supply
were bear factors in the eats market.
A fair demand from shorts, however, held
prices steady December opened IN
changed to 1sc higher. at Se7s oslo, ad-
vanced to 311ac and closed at 3143l &c.
Local receipts were POI cars
A heavy decrease in contract stocks. es-
pecially of lard, caused strength in pro-
visions. There was more outside inter-
est manifested in the market than fer
some time past and orders were mostly
on the buying side. At the close JaHu-
airy pork was up PIKE at $13. so. Lard
was up Zoe at 81 .6715 Ribs closed with
a gain of 10G121Se at 81 021k.
Estimated receipts for tomorrow:
Wheat, 101 cars; corn, 191 cars; oats, SEQ
cars; hogs, 10000 head.
Range of Quotations
The leading futures ranged as follows:
Omen High I 7 oW Close.