St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1892-01-25
WHEAT UP A TRIFLE.
A Gain of Nearly a Cent at
Chicago for the Leading
Cereal.
Several Bullish Items Affect
Early Trading to Some
Extent.
Pardridge's Activity Affects
the Marketable 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 s4c up and lsc more
was gained. There was a recession to yes
terday's closing price at one time, but the
market strengthened again and closed with
an advance of hsc. There were number of
more or less bullish items of news to 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 L. This was subsequent
ly denied by 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 bullish feature.
Bradstreet's reported the weeks clear
ances from both coasts at 4;522,O10 bushels
and the available supply at IS 100000 bushels
more than at this time last year. Local
statisticians figured that the visible supply
would show decrease of 600 bushels.
Some of the early private cables were
higher and reported a better feeling abroad
and domestic markets nearly all showed an
upward tendency at the start. The offerings
of wheat were moderate, and, with good buy
ing by many strong and influential concerns
shorts soon became nervous and covered
freely.
Partridge was the central figure in it and
his buying and selling was very influential III
fixing values. AS has been the case for sew
big scalp. as he bought on the breaks and
sold on the bulges. He was free buyer on
the curb q, his purchases had much to do
with the bullish opening Then he turned
an aggressive seller, and 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 92ssc, sold at 9211c, sagged
off slowly to 919sc, recovered to 92c, went off
again to 914sc during the last hour. but on a
report that 100 600 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 92lsc :;
break on weak closing cables brought the
price to 91Ec again. but the market again
frmed up by covering by shorts who feared
to let their trades stand over on account of
the strained Chiliau situation, and the close
was firm at 92Ac.
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 1891, 900 bu for the week. The
close shows an advance of lsc compared
with Yesterday though at one time an ad-
vance OF sBc was shown.
Oats were dull and easy, and closed Isc
lower.
Hog products were firm and higher, the re-
ceipts at the yards being less than was eX
pected. and prices were 5010c higher; this
gave products strong send-of. There were
several recessions and rallies and the market
closed with an advance of l2l2c in pork. so
1l2c in lard and sc in ribs. Estimated re-
ceipts for Monday: Wheat, 125 cars; corn,
325 cars; oats. 800 cars; hogs, $1,000.
ba 10 di,p F,t,,rao papoad oc Fa1lo,yy.