St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1893-01-05
Effect OF A REPORT.
Grain Markets Rather I'm
hinged by the Government
Crop Bulletin.
Wheat Lost a Fraction, but
Corn and Oats Ad-
Vanced.
~,
Provisions Strong, the Bull
Clique Being Still in Alb
solut9 Control.
Stock Speculation BulliSh
During the Greater Part
Of the Day.

CHICAGO. Jan. 4.-The announcement
chat the government crop report for
January would be issued this afternoon
rather uRhiuged the grain markets
With regard to wheat there was 10 de-
Cided opinion formed concerning the re-
port, but traders in corn and oats COLI
Guided that as regards those articles it
must necessarily help the bulls. Corn
is c higher, and oats from g to &c
higher. Provisions were strong and
showed the bull clique to be still in alb
golute control At the close pork was
zoe higher, lard and ribseach l715c.
In wheat there was more doing than
yesterday. he opening was about l4Q0
35c lower tnan Yesterday, and prices
eased oil another &c Or so, then became
steadier. but agmn fell back. Later a
stronger feeling developed ana prices
advanced &H sc, became easier, and
the closing was about midway between
the high and low points OF the day.
There were pretty free offerings during
the early part of the session, which
caused tile weakness, but the advance
I'm corn and provisions helped the mar
ket and assisted in establishing the
4clGL uAA W. ltCNs a. tttltNI1 FtAC Aftf VI tlBtO
the receipts in the Northwest were
lighter than they have been OF late, but
toward the close came moderate selling
by some Of tie prominent local oper-
HtOrs, and some long" wheat was
also reported 10 have been sold. Local
stocks of contract wheat were reported
at 5, 49, COO bu. against 5,4I2,0O0 Blu the
preceding week.
The sentiment developed in corn was
quite the reverse OF that which has pre-
vailed for some days past. higher prices
ruling, which were fairly we'll sustained
ND to the close. The better tone was
due largely to the action OF provisions
and to a prospective "bulliSh0 govern
ment report The opening was weak at
IA re decline from the final figures Of
yesterday, the receipts of TEA
cars Overrunning the estimates
considerably, having that influence,
but the demand soon improved
and sold up with little reactions a full
lie, receding later 25c, ruled steady ana
closed with 5G2sc gain. A prominent
local speculatOr was credited with mod
crate purchases. and many OF tie small
erShOTts provided for outstanding con-
tracts on the advance.
A large trade was transacted in oats,
largely 10 sympathy with other grains
and also to the belief that the govern
ment report would be hultiSh. Less dis
position to sell existed. and the shorts
showed more uueaS.ness and bought
freely. Prices advanced &c, and the
market closed steady at nearly the TOD
figures, with gain OF 35Wl@c.
The report ct the stock of provisions
on hand was the stimulating feature.
the aggregate supply being less than So
per cent of the stocks on hand one year
ago. This feature made shorts some
what uneasy amt encouraged more or
ders on outside account on the buying
side of the market. At the same time
local manufacturers and some of the
leading local spectators we're also
inclined TO purchase rather
freely of the more deferred
deliveries. Reports from Liverpool in
Dictated a light stock on hand, with a
further advance of Is in lard and bacon.
The receipts Of products were rather
light, and the shipments of all kinds
we're quite large and prices were adj
Vanced sharply, with considerable com
petition for the offerings. At the eX-
IRENE figures reached there was a little
more pressure to sell, and prices settled
back slightly.
Estimated receipts for tomorrow;
Wheat, $50 ears; corn, 800 cars; oats,
lao cars: hogs. $4,000.
The leading futures RANGED rs follows: