St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1892-01-14
Tuesdays Loss Entirely Re-
covered on Change at
Chicago.
Local Bull Sentiment Influ-
enced a Strong Feeling
s.ss in the Pits.
Decreased Visible Supply and
Light Offerings Relieved
the Market.
A New Issue Of Sugar Stock
"a Causes a Decline in the
Stock List.

CHICAGO, Jan. 13.-The feeling Of weakness
which prevailed in the wheat market Mon
DAY ana Tuesday gave place to one of
strength today, and the loss Of 1c recorded
yesterday was entirely recovered. The early
strength was largely due to local bull senti-
ment, traders here having apparently come
to the conclusion that it was time for re-
action. Public cables quoted prices lower.
but private ones said that the feeling in the
markets abroad was better and more hopeful
Partridge and Clifford, however, were selling
here, and some New York houses were order
ing sales In this market against purchases in
their own, and this influence prevented auy
marked advance in prices for some time,
though there was gradual appreciation i'll
values.
The receipts in the Northwest were light
and there were liberal buying orders from
that section, presumably because the extreme
cold weather there suggests to them the like
lihood OF damage to winter wheat. But the
most bulllsh factor came later In the day in
the decrease of nearly 100000 blu In the
available supply reported by Bradstreet. OF
this decrease, however only 49, 900 blu were
on the Atlantic slope the Pacific coast show
decrease of 1.462,00 but the local condi-
tons were regarded as highly favorable to
better prices. The steady decline for the
thorough, and weak longs have been well
shaken out and the offerings have become
light, and this proved great relief to the
market
Nearly all the private wire houses appar-
emily had liberal buying orders, and the SELL
Ing was restricted and cautious Baxter was
a large individual buyer, but was mostly COW
erlng shorts. May started at 90ss@90asc
to y1s4c, off to DISCO and back to 9l4c before
noon. During the last hour there was a
period Of weakness caused by free selling to
realize profits. at the advance. and. shorts
was little demand. May went off to 9O7sc
rallied to 91asc Gu late more encouraging
cables, and closed steady at 9l1ac,
Corn was strong end higher during most Of
proved feeling In wheat. The receipts were
moderate and the inspection rather poor.
Trade was more active. shorts doing most of
the buying. Late in the Gay, when wheat
turned weak. corn followed, closing at medi-
UNI figures and about asc better than yester-
day s closing. Oats followed wheat and corn
and closed A@lac higher. Hog products
were higher. The receipts of hogs were
about as estimated. and prices were higher
for the best grades. There was sharp de-
mand for products early, and q further adj
vance: Later this was satisfied and prices
settled back, the close showing a small ap-
probation i'll values. Estimated receipts tor
tomorrow: Wheat 126 cars corn, 100 cars;
oats, ia cars; hogs, $4,000 head.
The steady drop of from to 10 cents that
has occurred during the last week or SO has
brought good many buyers into the market
some to cover short sales which show salts
factory profit, and some as scalping vent
ure on the bull side, under the belief that
after such sharp break some reaction may
be reasonably looked for regardless Of what
the future course of the market may be-
This condition of thyesl gave the market
a strong start. and asd ccrowd was appar-
entity short the first display of strength sent
them covering.
The leading futures ranged as follows: