The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1904-10-02
F THE DAYS TRANSACTIONS IN THE MARKETS
WHEAT RISES FURTHER
FFRMNEss COMES FROM BuLLisH
EUROPEAN CROP NEWS
Big Increase in Northwestern Receipts
Causes Weak Opening-Buying by,
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 ~ and
provisions 5 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 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 1sc TO q
at $1.12H to $1.121s and May off Is C to
&c to g a 1kc at $113 to $1-13A- With
pit traders quite unanimously fayorfng
the selling side, prices soon dropped
about 1sc, December declining to
$1117s. May sold off to $1.12%. Buy
ing by commission houses rallied the
market slightly and the trade tempor-.
arily settled into a Scalping affair. with
fluctuations small Later in the day
firmer feeling developed on a report by
foreign statistician confirming adj.
vices indicating a poor wheat crop IN
Portugal. Another report which orig
mated with a leading cash grain house
on the continent stated that the Rus
sian wheat crop this season is 448,000,-
900 to $4,000, 900 bushels. as-ragainst
nearly 612,000,000 bushels last year.
The strength of the Minneapolis mar
ket was an added bull factor late IN the
day. AS the market started upward
local traders who sold short early be-
came frightened and bought back their
wheat. Under this buying December
advanced to $1.13A and May to $L12&.
The close was firm, with December at
SLIPS. May closed at $1.133 g @1.13 y.
CIearances of wheat and -four were
$4,000 bushels. Primary receipts were
1,064.700 bushels, compared with 1,141,-
700 bushels year ago. Minneapolis,
Duluth and Chicago reported receipts
of LOO cars, against S33 cars last week
and 671 cars year ago.
Corn Is Lifted
Unfavorable weather conditions we're
the main features in causing firm
tone in the corn market Offerings
were light and were used mostly in
filling scattered demands from outside
shorts. Country offerings were small,
December opened a shade lower at
L,
closed at 51@511sc. Local receipts
were 40 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-
cember opened unchanged at 305sc,
ranged between 3015 @30%c and 31@
311sc and closed at S07se. Local re-
ceipts were 100 cars.
Provisions were strong on good de-
mand and small offerings. Outsiders
and shorts were active buyers. Sell
ing was scattered. At the close Jam
uary pork was up zoe, at $13-521a. Lard
was up 15@1715c, at $7.57 y. Ribs were
up 56715c, at $6.90@6.9275.
Estimated receipts for Monday:
Wheat, 40 cars; corn, III cars oats,
1877 cars; hogs. $1,000 head.
Range of Quotations
The leading futures ranged as follows:
I TfrrI, 7