St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1894-01-19

CHICAGO, Jan. 1S.--Wheat was
stronger today and closed with sc gain
for May. Reports of the probable gov
eminent bond issue. fair clearances,
good buying and the expectation of
cold wave contributed to the frmness.
Corn closed with May 14c- higher. May
oats are &c higher, and provisions
Slightly higher throughout the list.
Wheat opened with May sc up, at
G43Sc, apd soon advanced to 6454c. The
main cause OF the strength was the re-
port that the government would issue
S50, 900. O00 of bonds. Cables, TOO, were
steadier, which was somewhat of a sur
prise, considering the weakness in
the American markets yesterday.
The export clearances were fair.
showing some increase in wheat, and
the receipts in the Northwest were only
fair, being smaller than last year. The
short interest bought fairly; there was
some buying on Eastern account, and
the market showed more SteadineSS with
an apparently stronger undertone. A
rUmor that the crop estimates of several
of the principal states were lower than
expected caused a temporary reaction,
which sent May down to 6415c, but the
general news Of the day was apparently
OF too bullish nature to long diScour-
age the buying. An advancing cold wave
added 10 the lrmnesS and the buying
continued free until The end of the SEES
sion, May closing but sc from the top
figures OF the day. May, after the open
ing, advanced sc. lost 14e, advanced
S4c and reacted sc TO close at 6455c.
In corn there was a strong, steady
market, with operations not on a very
large scale, prices covering $s@15c
range. The STRENGTHENING factors were
the action of wheat and the smaller ar
rivals, which induced considerable local
buying, the selling being scattered and
generally in small lots. Offerings con-
tinued on moderate scale, while the
demand appears to be improving, one
good-SiZed line being taken on during
the early part of the session. Receipts
were under the estimates, and tomor-
rows estimates were hight. May opened
Sc higher at 3Sc, and, after losing &c,
advanced &c and reacted &c. to close
al 3Sl5c. but sc from the top figures of
the day.
There was liberal trade in oats
within a small but higher range. With
liberal selling, and also good buying by
operators who recently sold at low
prices, the finish was at nearly the top.
May opened &c higher at 1921 c, lost 1155e
and advanced 4c,to close at $3.50.
Provisions opened weak and lower on
receipts OF live hogs 1000 in excess of
the estimate. There was some activity
for short time, prices advancing to
over yesterdays closing prices. the
market being supported by two or three
packing houses and few buying orders
coming in. The strength in wheat also
contributed to corresponding feeling in
this market. Further strength was sub
sequently developed OH continued buy
ing by the packers in quiet way, and
covering by those who sold early in the
session, with closing figures near the
outside prices OF the day. Compared
with last night, May pork is 719c higher,
May lard &C higher and May ribs sc
higher.
Estimated receipts for tomorrow:
Wheat. 133 cars: corn, 800 cars; oats,
los cars; hogs, $4,000.
The leading futures ranged as follows: