St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1894-01-10

Out, But That Cereal Also
Gained Il Fraction-Oats Re
manned Firm-Pork Was Firm,
But Prices We're Down at the
Close.
CHICAGO, Jan. 9.-After advancing
I$ic today on the government crop re-
port, wheat became irregular under the
pressure of heavy sales, but, aided by
light receipts. good clearances and
higher English cables, May was lie
higher at the close. May corn is sc
higher; May oats unchanged, and pro-
visions rather lower.
Wheat started with May l3lc higher
al Csc on the government crop report.
The yield, as reported. was about what
previous reports had indicated, but was
less than many operators had expected
the final report would show. Tins was
strong bull feature, but the
most important was the reported area
seeded TO winter wheal last fall,
which shows a decrease of about 800,
600 acres as compared with the area
harvested in 1898 and about 4,100,C COO
acres less than that harvested in 1892.
The demand for time was good, and
prices advanced until re Ilizing carried
prices back again. Partridge was a
free seller, and threw wheat at the
heads CT the bulls 10 such an extent
that he succeeded il still further fore
ing down the market Brokers who
were supposed to be acting for John
Cudahy did some liberal selling also.
But the slide down was stopped before
prices had lost sc by the small receipts,
good exports and better foreign
markets. Chicago, which year ago
got IA cars, got but 13S today.
Minneapolis and Duluth together
reported I'll cars compared with 34S Il
year ago. Clearances of wheat and
flour aggregating as, 900 bushels were
reported from the four Atlantic ports.
London cables were higher, and Liver
pool firmer With all this in their favor,
the bulls again took heart, and gobbled
offerings until the loss in price was
more than reGained. But the high price
was tempting to holders, and, with free
selling. the market again took down
ward shoot Of almost 1c. and, although
steady at the finish, May closed but &c
above the bottom figures of tie dry.
May opened at Csc, advanced sc. de-
clined Sc, rallied 5le, and declined &c
TO close at 6725c.
Corn felt tie influence OF the early
strength in wheat, and opened firm.
with May sc higher, at SOC it adj
vanced sc, TO $3.50. and then the bull
enthusiasm gave out. Receipts were
heavy and the demand was light. May
gradually declined until il had lost lie,
and then, with a rally of sc at the
finish, closed that much from the bot
tom figures Of the day, at 3S$1c.
The ,>ts market opened nrm III SYM
pathy with wheat and corn, but in-
1tuenced 10y the later weakness i'll the
larger grain markets, lost its advance,
closing prices being at the days bottom
figures. May opened sc higher at 81 \ C,
and declined 35c 10 close at yesterdays
last figures, 800.
Provisions opened firmer, III sympathy
with Wheat and cUru, but the free re-
ceiptS of hogs and lower prices at the
yards, combined with the rather free
offerings of a prominent commission
house, sent prices down. and the early
advance vas lost. Compared with clos
Ing prices yesterday. May pork is TIC
lower; January, 1870 lower. May lard
Is unchanged, January 1Oc higher, May
ribs are as before. and January PIC
lower.
Estimated receipts for tomorrow
Wheat, % cars; corn, $40 cars; oats, 120
cars: hogs, $500.
The leading futures ranged as follows: