St. Paul daily globe., 1893-01-27
CLOSED WITH GAINS.
Wheat and Fork the Features
Of the Day on Chicago
Change.
The Former Started Easy but
Became Firm Near the
Close.
Pork Moved Up, Touching the
Highest Point Of the
Year.
Trading on Wall Street Con-
fined Principally to Two
Stocks.

CHICAGO, Jan. 2G.--Wheat, seemingly
pegged at 1Sc, and pork, touching $3.50.
the highest point OF the year, were the
features today on the board of trade.
Everything on the list closed with gains
over Yesterdays resting priceS-Wheat
sc corn sc in the July future; oats
&c, pork 11izc, lard 121lc, and ribs
7igc.
Wheat started easy. but became firm
near the close. Cables came dull and Il
shade lower, and the Price Current re
ported the wheat we'll protected by
snow. Bradstreet's report of the avail
able supply was the most bearish factor
The trade has been expecting it would
show a good decrease. but instead Of
that it reported 1.75O,000 bu increase
east Of the r, cHieS and $4,000 bu de-
crease on lhe Pacific coast, and
added that one elevator system in
the Northwest had accumulated
4. 300, geo bu during the last month which
had not been included in Bradstretts
totals. This left the trade i'll doubt as
to whether this big amount should be
added to the 1,750,C COO bu increase or
not, and made operators feel timid and
bearish. Farnum seemed to lead the
selling, acting, it was thought. for
Wright. Partridge bought freely and
seemed disposed to cover portion at
least Of his short line.
During the last hour the crowd began
TO pay less attention To BradStreet'S re-
port, and the advance in provisions
also helped wheat some. The opening
tta.- n hOlt [. n Io,Unr N n 1rnSTnpbnJr oh-
Vanced llc, the market touching tie
closing figure Of yesterday, then de-
clined s c, or to the lowest point reached
yesterday, at which decline the market
received considerable support in spec
uative way, then improved again = C,
ruled steady and the closing was about
j. higher than yesterday.
In corn first trades were a fraction
under the final figures of the previous
session. and GpGn moderately free offer
ings sold OFF I4c. the receipts oYerrun-
nIng the estimates, and the weather be
ing bright and favorable, together with
the action of wheat, making the local
trade take the short side of the market.
Prices afterWard rallied 55Ml5c in SYM
pathy with wheat and provisions and
finally CLOSED with aSlight gain.
An effort was made in the oats crowd
to torce prices lower by bringing out
stop order holdings. At &c decline the
demand improved. and there were
many orders at 341sc fer May that
brokers were unable TO fill, owing to
tie limited offerings. Prices reacted
4 c, and the market closed quiet.
At the opening there was every indi-
cation of Il heavy and lifeless market in
provisions. Before the close OF the day
lard was run up TO about the highest
point Of yesterday. when Bloom capitu-
lated and pork sold ? &c over the high
point on the sensational advance three
weeks ago. The hogs for the day were
25.CO0 and caused an easier feeling
early. The estimate for Friday was
but 10000 and again started buying.
1t was given out 10y the wise ones in
the pit that Armour has the pork and
Fairbanks the lard, and that prices will
20 Just where they wish to put them.
For the day the buying of pork was led
by $. Z. Dunham, who took about TO-
900 barrels. Floyd bought heavily as
Il scalper In lard the Hateleys simply
stopped selling, and the shorts put the
price up very quickly. Ribs again moved
up less than other products. Provisions
closed strong at something under best
prices.
Estimated receipts for tomorrow:
Wheat, 23O cars: corn, 500 cars; oats. 1G2
ears; hogs, 10000 head.
The leading futures ranged as follows: