St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1894-01-25
FIRM TOWARD the CLOSE.
Bg.LS EECoURzGEDBY sRADS TREET'S
FiSfBLE G<'fPLF SR3WiRG.
NHEArrIAFzRET WAS MARROW

Stock Speculation Was Fairly Ac-
tive and the tendency of Prices
Was Upward-Strong Tone
characterized Dealings in the
Grangers-St. Paul in Good
Demand.
CHICAGO, Jan. 24.-Wheat was COM
paratiVeiy steady during the greater
part of the session and firm toward the
close. The hopes of the bulls, which
yesterday were completely buried under
q blanket of SHOW. rose agaiu when at
noon BradStreet'S visible supply showed
that the country elevator stocks, out
side of those included in the official
visible supply, had been drawn upon
last week to the extent of 37l,OJO bu.
The close was at &c above last nights
dgSres. Corn shook off Il long depreS-
sion and rose $4c. retaining all but sc
of that at the close. Oats We're also
firm, and gained &c for May. Provis-
ions were dull and easier.
The wheat market was narrow. There
was not an important piece of news up
to midday. There was very fiat con-
dition of trade as far as outside orders
were concerned. Scarcely a messenger
approached the pit with dispatches.
The volume of trade was the lighteSt in
weeks. The trade had counted on some
activity ard strength following the cold
wave, but the cold was pre- .eded by
such general snowfall that all talk of
damage was at all emu. The movement
was in no way different from previous
days. The Northwestern points had
liberal receipts in view of the snow
storm. After the depression ctuSed by
light export clearanceS, there was some
recovery on account of the buliish re-
port of Bradstreet on available stocks.
being decrease of 767. 000 bu on both
coasts The May price started at 65Bc.
touched 5000, went TO 64c. weak
ened to $3.50, and again firmed to the
best price OF the day at the close, CLIO
Csc.
There was good strength in corn
While wheat WAS showing no Sign of
bull market, corn moved up &c easily
on its merits. The May opened frac-
ton up at 3Sh4c and went to 3S33s, re-
acIed little and again held strong at
3S9Sc. The receipts were very light as
estimated at $50 cars. At the same time
the shipments held up well for mid
winter. But more than all this was the
export movement. Baltimore cleared
nearly 100000 bu alone. The Atlantic
ports and New Orleans cleared very
close TO around 100000 bu. About
the only bear item was the increase of
2.646, 000 bu III available stocks. This
was expected. Before the close there
was renewed buying, anu the May price
went to 3S$4c.
There was liberal trade in oats, and
frmer feeling, due to sympathy with
corn and owing To the small receipts.
There was good covering by shorts, and
also realizing by parties who bought OH
the recent break, but the offerings were
readily absorbed, and prices advanced
re for May and closed at about the top.
In pork, dizziness and weakness were
the features. The packers were the
principal traders. Opening sales eX-
hibited decline OF sc from yesterdays
closing prices, followed by drop of
SIC. A reaction of Tee followed Oh a
little buying, but it would not hold, the
market easing off &c for the lack Of sup
port. A few orders were filed late,
which advanced the market to S13. 1215c
for May. Lard opeIed BE lower, ana
fuctuated within range of 2t5c, closing
weak at S1..73. May ribs dull and
lower, with IA range of So; closing was
firm at $751;.
Estimates for tomorrow: Wheat, ~
cars; corn, 80 cars; oats, 80 ears; hogs,
$1,000 head.
The leading futures ranged as follows: