St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1894-01-04
SLIGHTLYIBETTER MARKET.
SEVERAL EVENTS TEND TO BASE
PRICES A LITTLE,
WHEAT AGAIN GOES UPWARD.

Corn and Oats Follow Suit, But
Provisions Suffered Heavily
From Increased Movement of
Hogs Visible Supply Shows a
s. Rather Mixed state of AZ.
fairs.
CHICAGO, Jan. 8. - After a weak
opening, caused by heavy foreign cables,
wheat advanced today on liberal export
clearances, light receipts and light for
eign shipments. aud closed &c higher
than yesterday. May corn gained &c.
May oats sc, but provisions suffered
heavily from the increased movement
of hogs.
Wheat started at decline, May open
ing sc lower at 64$4c. The cause of
the early depression was the discourag-
ing aspect or the foreign markets and
the consequent liberal offerings. The
export clearances put all end to the de-
decline and started an energetic adj
vance. ClearanceS from the seabOard
included 453, 600 bu of wheat and $4,000
barrels of flour, equal to 100000 bu
gone begging at the opening immedi-
ately found takers, and May soon scored
an advance of &c. Receipts were mod
crate. Chicago got 1876 cars. compared
with us cars a year ago, and Minneapo-
lis and Duluth reported 35l cars, as
against $50 on the corresponding day
last year. Smaller Eastern, European,
South American and Australian ship
ments caused further tirmness. which
continued until BradstreefS visible was
received. 1t showed an increase of
$4,000 bu east of the Rockies, a de-
crease of 2S3, 900 bu west, an increase i'll
the stocks atlOat for and in Europe of
352, 900 bu, and all increase of 256.-
900 bu in the entire visible sup
ply of the wcyld, exclusive of
Australia. On this showing the
prices declined for a time, but
at the close a slight rise in the price of
wheat and flour was reported from
Paris and reports were circulated of
heavy shipments from st. Louis of
wheat for export. This resulted in
rally which LANDED May at the end of
the session but sc below the top figures
of the day. May opened at 64$4c, ad-
vanced sc, lost sc, advanced &c. lost
sc, advanced &c aud reacted sc to
close at 65@sc.
Corn was helped by the strength in
wheat. Depressed by heavy receipts,
May opened Sc lower at SS15c, but with
the bulge i'll wheat advanced &c to
$3.50. Bradstreet'S increase in The WIS.,
ible supply Of corn caused reaction of
&c, tut with the closing strength in
wheat, Nav advanced sc and closed at
3S1ac, but sc below the top figures of
the day.
Oats were quiet but firm, influenced
by the strengthen wheat and corn, by
Bradstreets small increase in the visi-
bic supply ana by decrease in the
stocks of contract oats in store. May
opened sc lower at 308c. declined 8c,
advanced &c and reacted &c to close at
3O$5c, but Is c from the top figures of the
day.
Liberal hog receipts started the pro-
vision market at decline and liberal
offerings caused Il further decline. A
little buying caused temporary Teac-
ton butfree selling started prices down
again and loss ali around was scored
at the close. Compared with last night
May pork is &21 e lower, May lard 1870
lower and May ribs l5c lower.
Estimated receipts for tomorrow:
Wheat, 81 cars: corn, 420 cars; oats, 12O
cars; hogs, $1,000.
The leading futures RI ntrpd &C fOIIouc.