St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1892-01-24
WHEAT Up A TRIFLE.
A Gain of Nearly a Cent at
Chicago for the Leading
Cereal.
Several Bullish Items Affect
Early Trading to Soma
Extent.
Pardridge's Activity Affects
the Market--He Was a
Big Scalper.
No Features Of Special Inter-
est Reported in New York
Stocks.

CHICAGO. Jan. 23-Wheat was higher to-
day. The opening was sac up and Isc more
was gained. There was a recession to yes
terisy's closing price ut one time, but the
market strengthened again and closed with
an advance OF Asc. There were number of
more or less bullish items of news 10 affect
The early trading. The chief one was the
published statement that the German reichs-
tag had voted to reduce the duty on wheat
until April /. This was subsequent
~ denied by Il German exporting house
IN New York, and assisted in the sub
sequent depression of prices. The report
that Minister Egan had been recalled
from Chilli was also a oullish feature.
Bradstreets reported the weeks clear
ances from both coasts ST / $1,000 bushels.
and the available supply al Is ,0UO.O00 bushels
more than al this time last year. Local
StatiSticians figured that the visible supply
would show a decrease of 1000 bushels
Some of the early private cables were
higher and reported a better feeling abroad.
and domestic markets nearly all showed an
upward tendency 1T the start. The offerings
of wheat were moderate, and, with good buy
Ing by many strong and influential concerns,
shorts soon becalne nervous and covered
freely.
Partridge was the central figure in it and
his buying and selling was very intluentlalln
fixing values As has teen the case for sew
aral DAYS. his dealings were IL the nature of
8 big scalp. as he bought on the breaks and
sold on the bulges. He was a free buyer on
the curb his purchases had much TO do
with the bullish opening. Then he turned
an aggressive seller. ard assisted in beating
the value down When his object had been
gained he turned again and covered at a SUBJ
stantial profit.
May opened at 9.Ssc. sold at 92l9c. sagged
off slowly to 9l5sc, recovered to 92c, went of
again TO 9l5sc during the last hour but on
report that l0t 0G0 bushels had been taken for
export through Baltimore at about May
prices better late continental cables and
good buying by early short sellers. with Pard-
ridge in the lead. there was a rally to 9alsc;
price to 91S4c again. but the market again
to let their trades stand over on account Of
the strained Gillian situation, and the close
was firm al 9214c
Corn was fairly active and firm. due partly
to a reaction after the break of the past two
days and partly TO the heavy exports. which
aggregate 3.S9l, 600 bu for the week. The
close shows an advance of lsc com pared
with yesterday. though at one time an ad-
vance OF Ssc was shown
Oats were duh and easy, and closed 1sc
lower.
Hog products were firm md higher, the re-
ceIpts al the yards being less than was ex-
ps2ted, and prices were 5G10c higher: this
gave products a strong send-of. There were
several recessons nd rallies and the market
closed with an advance OF I&l2e in pork. so
.42c in lard and sc in ribs. Estimated re-
eeipts for Monday: Wheat 125 cars; corn,
325 cars: oats. go cars; hogs, 1900.
The leading futures ranged as follows: