Evening star., 1907-10-13
THE GRAIN MARKETS.

mand for cash corn which was reflected
In the price Of options. caused a strong
demand for cash wheat here today At
the close December wheat was up Hap
to 2a2is. Corn was 2lsa2A higher Oats
were up V. Provisions were 2h to IN
higher.
The wheat market opened somewhat
easier because cf increased receipts in
the northwest, but within a few min
utes after the opening a strong buying
demand sent up prices sharply. and the
market continued to gain in strength.
the December delivery touching 1.O65s,
and making new high mark for the
season. The demand for cash wheat
was strong and higher, and the sales
of two carloads of cash red winter wheat
here put the shorts to flight, and they
sought cover in feverish fashion.
A report that Italy and Austria Hun
gary We're about to reduce the import
duties also stifrened prices materially.
The fact that rain was reported from
Australia. where 1t was badly needed.
was comparatively ignored by the mar
ket. December wheat opened a shade
to " lower at le4A to 1.O44 sold between
lo1s and logs. and closed strong at
1.o6ha1 .06ss. Clearances of wheat and
-four were equal to $4,000 bushels Pri-
mary receipts were 3I4.0O0 bushels, against
1,ooI 600 bushels on the same day last
year Minneapolis. Duluth and Chicago
reported receipts of 636 cars, against 577
cars last week, and $50 cars one year
ago.
Reports of a killing frost all over Iowa
and heavy frost in Kansas. Missouri and
the Ohio valley along with the bulge in
wheat caused a boom In the corn mar
ket. 1t was the opinion that the frost
has caught and will badly damage much
soft corn. Shorts rushed to cover. and
there was also heavy buying by longs
The buying orders were larger than for
several days. and came from all parts
of the country.
Later in the day some of the heavy
longs were disposed to take profits. but
this selling did not check the market,
which closed strong. December corn
opened unchanged to "A higher at 6lh to
6iA, sold between 81 q and Gskassss, and I'd
closed at the high price of the day
Local receipts were 3l4 cars, with 81 of
contract grade.
Oats participated in the advance of
wheat and corn. but there was no in
crease in the volume of trade, which
has been light for some days. The de-
mand for cash oats was poor December
oats opened Is higher at 545s. sold between
that figure and 554 and closed at 55ha
55A
The provisions market was active, there
being large buying OF the January pro-
ducts. The strength of corn was also bull
ish factor. At the close January pork was
~ higher. at 1890. Lard was up 21s, at
9.Wh. Ribs were ~ higher. at S.22h.
Estimated receipts for Monday are:
Wheat, 92 cars: corn, 81. cars; oats $50
cars; hogs, $1,000 head.
ST. LOUIS. Mo-. October 12-Close:
Wheat-No. 2, red cash, 1Oea1. .Os1z: No.
2. hard, 1.O1a10s; December, 1.O4a.; May,
l. 110k.
,Corn-No 2. cash, 64ha6s: December.
J9A: May. 61A; No: 2, white, 651aa6s.
Oats-No ., cash, SO; December, So;
May, 54A.
MILWAUKEE,. Wis, October 10
Wheat-No. I. northern 11Sa1 20; No. 2.
| northern, 1.18a11s: December. LOGS. bid.
Rye-No. /. S9a9O.
Barley-No. 2. 1.12: sample. S4a1.ll.
Corn-No. 3, cash, 65a65R; May, 63H
bid. -
DULUTH. Mimi, October 12-wheat-
No: l. hard. 1l31s: No. 1, northern.
1.1sls; No. .. northern, 1.161s; December.
1.14hs: May, 1.1S9s.
MINNEAPOLIS. October 12-Wheat-
December. 1.141k; May, 1171s: No. 1. hard.
.2p4 2Os4 No I. northern 1f9k al. 1OsI :
No. = northern. 1.174 4a1.17A: No. 3. north.
ern, 1.14La1.15L