St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1894-01-07
THE BULLS WERE ON TOP.
PRICES FORcED UP AND THE MARKET
FIRM
BEARS TAKE A BACK SEAT.

Smaller Receipts, Larger Seaboard
Clearances and Decrease In
Visible Supply Sent Wheat Up
Corn Was Generally Firm
Oats Advanced in Sympathy
With Wheat-Provisions 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 today, and after one
break of &c May closed sc higher than
yesterday. Corn closed &c higher, oats
sc higher and provisions slightly
lower.
Wheat opened higher, with May &c
up at 662sc. Beerbohm quoted French
country markets firmer, and a 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. BotIi coasts exported
8, 10000 bushels of wheat, compared
with 2.036,0 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 1922
cars, compared with 476 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 dlsappointingly
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
sc of its advance. Then the bulls
swung into line again, and 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
100000 blu, and on this the market held
firm at the close, only yielding but a
fraction to the lower quotations of the
closing continental cables, and May
finished but 81 from the top figures of
the day. May opened at 66Sc, advanced
| &c, eased off &c, advanced &c, and
closed at 6715c.
Corn was generally firm, with fiuctua-
| tons confined to range of PC. 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 &c
! from tbs top. May opened &c higher at
3S5Sc, advanced &c, lost 36c. and rallied
!. &c, to close at 3SZc.
| Oats were firmer, and advanced in
| sympathy with the larger markets and
| on some buying by shorts. May opened
unchanged at 3O}Sc, advanced 5sc, but
| lost the advance and reacted sc, to
! close at 305Ic.
! Provisions opened weak on receipts of
live hogs, 5000 in excess OF the esti-
| mate. Some buying caused a slight adj
vance, but heavy estimates for Mon
days receipts sent prices down again,
and closing prices were slightly lower.
| Compared with last night, pork is sc
lower, May lard 215c and May ribs sc
| lower.
Estimated receipts for Monday
| Wheat. 60 cars; corn, $50 cars; oats, 22L
cars; hogs, $1,000 head.
The leading futures ranged as follows