St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1894-01-08
the BULLS WERE ON TOP.
PRICES FORCED UP AND THE MARKET
FIRM
BEARS TAKE A BACK SEAT.

oInaileH neCcapLS, Larger > caOoaEu
Ciearances and Decrease in
- Visible Supply Sent Wheat Up
Corn Was Generally Firm =
Oats Advanced in sympathy
With NEUTRALITY-SUSPICIOUS. Firm.
CHICAGO, Jan. 6.-Smaller primary
market receipts, large Seaboard clear
anceS and the expectation of decrease
in the visible supply report for Monday
sent wheat up to-day, and after one
break of &c May closed &c higher than
yesterday. Corn closed &c higher, oats
sc higher and provisions slightly
lower.
Wheat opened higher, with May &c
up at 663sc. Beerb0hm quoted French
country markets frmer. and cold
wave was reported as preparing itself
10 come upon the exposed winter wheat
fields. These influences accounted for
the firm opening of the market. The
weeks clearanceS were very salts
factory to the bulls, and started a
further advance. Botli coasts exported
3,195,00J bushels of wheat, compared
with 1866, 900 on the previous week, and
3,00S, 900 bushels on the corresponding
week last year. The receipts were
light. and added further strength to the
market. Chicago received but 81 cars,
compared with 276 year ago. Mime
apoliS and Duluth reported total OF 322
cars, compared with 4,G on the CORE
spending day last year. Baltimore re-
ported that 100000 bushels Of wheat
would be shipped from there before the
middle of the month, and the market
held firm at the advance until the New
York clearances for the day were an
nounced. They were disappointingly
small, and started prices down.
A cablegram from Paris stated
that the cold weather in France had
done little damage. and this further
forced down prices until May had lost
&c of its advance. Then the pulls
swung into line again, and a rerction
set in. The marked decrease in Mon
days visible supply report was gener-
ally expected. The bulls expressed the
opinion that the decrease would reach
1,500. 900 bu, and OH this the market held
firm at the close, only yielding but Il
fraction to the lower quotations OF the
closing continental cables, and May
flashed but 11se from the top figures of
the day. May opened at 665sc, advanced
&c, eased off &c, advanced re, and
closed at 6715c.
Corn was generally firm, with fluctIa-
tons confined to range of 56c. Re-
ceipts were under the estimates, and
prices held firm until the break in
wheat, when. in sympathy with wheat
and affected by heavy estimates for
Mondays corn receipts, 1t declined, but
rallied at the finish, to close but sc
from this top. May opened sc higher at
.i3S5Sc, advanced &c, lost 35c. and rallied
&c, to close at $500.
z Oats were firmer. and advanced in
sympathy with the larger markets and
on Some buying by shorts. May opened
unchanged at 303sc, advanced &c, but
lost the advance and reacted sc, to
+ close at 303lc. GU
Provisions opened weak OH receipts Of
Irate. Some buying caused a Slight ad-
vance, but heavy estimates for Mon
days receipts sent prices down again,
and closing prices were slightly lower.
IS Comparedwii last night, pork is SC
Hover, May lard 21zc and May ribs Sc
lower.
p Estimated receipts for Monday:
Wheat, 60 cars; corn, $50 cars; oats, 220
cars; hogs, $1,000 head.
The leading futures ranged as follows: