St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1892-01-21
Frequent Fluctuations the
Rule on Chicago Board
Of Trade.
Shorts Were Apprehensive, a
Disposition to Cover Be-
ing Shown.
Wheat Alone Shows a Slight
Bettepment Over Tues
days Figures.
Active and Strong Market,
With Material Gains, on
Wall Street.

CHICAGO. Jan. 20-The wheat market was
very nervous today and subject to frequent
| fluctuations. After opening S46Dlc lower, 1t
| at one time touched point ssc higher, and
| closed u higher than yesterdays final iig-
| ures. The nervousness and strength which
were displayed yesterday, and the readiness
with which IL responded to all the buliSh
| indications of the situation made shorts ap-
| prehenslye, there was general disposition
| TO cover, and the offerings were moderate.
| But there is still good deal of bear senti-
ment, ana on ali the bulges the offerings
| were sufficient to check the generally up
| ward tendency. temporarily at least, though
on all such breaks the buying again sprung
into activity shorts taking advantage of them
| to cover. and scalpers 10 get profit on the
| bull side.
Logan, Schwarz-Dupee Milmine- Bodman
and Counselman d Day were good buyers
| on the early break. Clifford was generally a
liberal seller. Partridge was heavy seller
| on the rallies and managed to sclap the
market by covering OH the breaks. as he did
F.! yesterday. The main cause of the lower
| opening was the more pacific tone of the dis
| patches on the Gillian situation Cables
were iltle more encouraging early in the
| day, though later the private ones were
| easier, with some decline Public quotations
| were generally favorable.
Domestic markets were easier at the start
| The receipts were smaller than expected, and
| Bradstreets reported decrease of 1 $50 600
| bu in the available supply on both coasts.
| 1.5Ol, 600 bu being east of the Rockies. The
tendency was generally upward. There were
| good buying orders in the hands of some of
| the big commission houses and the crowd
followed alternately the upward lead of
those buyers and the downward direction
impaired by Partridge. May opened at 0IIs
09issc. against 92Isc at the close Yesterday
advanced to DISC, Steadied for a lime, then
spurted to G2ssc broke gradually to 9ilsc,
grew irmer, advancing to 9lS4c fluctuated
nervouSly, then. near the close, advanced to
Gfsc. weakened to 92Ssc, and closed strong
at 92l2c. The only reason assigned for the
late strength. was the nervousness of shorts,
who wished 10 cover
Corn was extremely quiet, but generally
frm IN sympathy with wheat, and because of
the S5O cars received only one graded con-
tract. May fiuctuated between 4l@HHc,
closing unchanged at the latter figure
oats were equally featureless and close
with the active option unchanged
hog products were lower. The receipts of
hogs at the yard were larger than expected,
ana 44.0O0 head were estimated for tomorrow
Packers were good sellers ana Counselman e.
/ Day also sold freely. There was a partial
rally near the close in sympathy with the
bulge in wheat, but the close shows small re-
cessions In price compared with yesterday
[ Estimated receipts for tomorrow: Wheat.
100 ears; corn, 1S5 cars; oats. las cars; hogs,
1000 head.
The leading futures ranged as follows: