St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1891-01-14
FAIR WHEAT MARKET.
Everything in Sight Closes
Strong, After a Dull Holt
day Season.
Fluctuations Are Narrow and
the Cables Very Con- g
fieting. ~
Decided Advance in Securities
on Wall Street Toward
the Close.
II
Money Accommodating in All
the Most Prominent
Centers. =

CHICAGO, Jan. 13.-The speculative mar
kets were frmer from the start SO far as
grain was concerned while provisions were
trodden under at the opening by the feet of
over 900 hogs, which arrived at the stock
yards this morning. Everything closed up
strong after the dulIest session since the hol-
idays. The provision men recovered the
early scare which they received from the hog
receipts. the product recovering the early
decline and closing at trlfling advance.
Wheat for May advanced ts@184c, while July,
under the influence OF the present good con-
dition and increased acreage of fall wheat.
closed Ac lower than it did yesterday. Fluc-
tuations were narrow, Mayranging from 96A
@96SSc at The start to 957sc, and later 9634c.
closing at 965s096s4c. The cables were
rather conflicting, but generally denoted
steady to firm feeling in the current dealings,
and in the instance of one of the private
Liverpool dispatches in which The sender
expresses an opinion of the tendency for
the future of that market. the tone is
most pronounced III favor of an advance.
Beerbohm advised an increase of 664,000
bushels in the quantity afoat for the United
Kingdom and continent of Europe. The
Northwestern receipts were someW hat
lighter than of late. The clearances from
the Atlantic ports were insignificant. A dis
patch to a board of trade firm here from
San Francisco reported good de-
mand from France for their wheat,
and said that higher prices we're paid
tons suggested as procurahle. In mitigation
of the effect of the hullish dispatch referred
TO. a clipping from the San Francisco Chron-
icle, Jan. D, credited to paper called the
West Shore, was shown around in which the
figure given by the government as represent
ing the crop of the state of Washington was
ridiculed by claim OF 2O,OO0,OOJ bu Icing
no over-estimate of the quantity raised there
last year. The Mark Lane Express was
quoted as stating that of the English crop
II, 900, 600 Blu had been delivered by the
farmers there, leaving still in their hands
5000, 600 blu. Another respectable English
authority published an estimate of the
Dec. 81 last which shows them to
have amounted at that time TO 40, 800, 600
bushels, or about 100000 less than the
Mark Lane Express estimate. Another sta
tistical point brought forward in the interest
of the bears was that the decrease in the
English visible and the quantity afoat taken
together was only $4,000 bushels last week.
The shipments OF wheat from India last week
were heavy as reported to the board of trade
here being 616.O q bushels, and from Baltic
they were likewise liberal. amounting to
l,36O,0O bushels. The closing pubic Liy-
erpool cable quoted decline OF l2d i'll the
more deferred futures and London was I'M
changed. Derllu anu IdTlS W0To quOleU
slightly lower to-day than they were yester-
day. Toward the close of the session,
Baltimore dispatch reported that steamer
had been to-day ordered to an elevator to
load $4,000 bushels of wheat for
export and considerable quantities for
export were also said to be now
under negotiations at New York. The corn
trading was slow aud the days proceedings
uneventful, as i'll all the other speculative
pits 1t declined i'll sympathy with the early
weak spell i'll wheat and frmed up'when the
superior cereal changed L, in that direction;
Oats were less active. The market opened
at 461sc for May and declined to 45aac under
the influence of selling by the longs. The
receipts. which were much heavier were an
other bearsh influence. The market reeey-t
cred after touching 45a4c and sold to 4GAc,s
the advance in corn, caused by light esti7
mates for tomorrow, being the reason for
the recovery. The provision market was
weak early but closed firm, the packers as
usual, helping to keep alive the goose which
is laying the golden eggs. The gain was 212c
in January pork, 1212c in May, 212c in lard
and 2l2c to &c i'll ribs.
The leading futures ranged as follows:
Open High Low Clos