St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1895-01-31
BULLS HAVE HOPES.
Encouraging Features Caused
Quite a Rise in Mar
kets.
A STOP TO LIQUIDATION
Aided in the Advance--Pro-
visions Show Little
Change.
RAID ON WHISKY TRUST
Caused by Appointment Of
Receiveps-- Other Stocks
Generally Firm.
RAID ON. WHISKY TRUST

CHICAGO, Jan. 3d. ENCOURAGED by
the hope Of speedy relief of the pres
eat strained financial condition board
Of trade Spectators today ceased their
heavy liquidation. and the grain mar
ketS closed higher. May wheat gained
| &c, May corn and oats each 3sc. Pro-
visions finished with but little change.
Wheat got weak start, and for a few
| minutes it locked as if there might be
repetition Of yesterdays unloading Of
the bull holdings. Long wheat did not
come. however. The Liverpool market
was shade steadier at IA advance, but
on the other hand the Northwestern re-
ceipts for the day were heavier than
they were Oh the corresponding day of
The year ago, and the Berlin market
was quoted at l mark decline. An inn
preston that congress would have to
| do something in line with the press
idenrS recommendation was largely
helpful. The total receipts at
primary markets was only 16S,0OO
bushels, compared with 23l COO bushels
a week ago and $4,000 year ago. The
advices from st. Louis, Kansas City,
Detroit and other markets Of less ills
portance were that country mlllerS
were drawing literally from the stocks
at those places. 1t was reported, also,
that very much heavier purchases for
export were made yesterday at the sea-
board than had been given out; the
New York takings, it was said, ha wing
amounted 10 3, 240, 900 bushels. At Chl-
cagO 100 carloads of No. Q red were re-
ported to have been sold late yesterday
afternoon for rail shipment to the sea-
board. When, later in the day, it was
wired from New York that Secretary
Carlisle had placed. or was about to
arrange for the placing OF S100.000,00O
of bonds at once to relieve the present
depleted state of the treasury, the mar
ket became firm and sold up to $3.50 for
May half hour from the clese. The
opening price was at frcm 1914 to 52225c,
as against 521sc bid at the close yester-
day. 1t advanced to 53c. sold off again
to 521ac, improved to 535sc, as already
mentioned, and was quiet but steady at
533s C at the close.
Corn was weak for a few minutes at
the start. due to the slumpy beginning
made by wheat. The former was the
first TO show retu n of confidence, and
rested firmly ii da} after the first half
hour Of the Sc. sio !. The opening price
for May was very Irregular, there being
sales simultaneously at 1890 and 1870,
principally, however, at the lower quo
tation. 1t gradually hardened until,
just as the market was closing, 44@
44115c was paid. 1t closed with 44c as
the general trading price. The re-
ceipts were light today, and estimates
small for tomorrow. The general inn
preston among the pit traders was that
liquidation by country holders had
ceased, and that the chances in the near
future were in favor Of buying Oil soft
spots.
Oats started firmer and remained so
during the entire session, excepting at
one time just after the opening. when
the price fell sc under. The market
closed with high prices prevailing.
Business throughout was active.
The parties who yesterday put forth
their best efforts to raid the market
Bartlett-FraZier and Patton principally.
The general buying was also good, and,
Notwithstanding the fact that commits
sion houses continued to pour in couG-
Try long stuff, the market was strongly
held. Sympathy with the neighboring
cereals was greatly influential in Great.
ing some tirmness. May started at from
2S5Sc to 2S%c. sold down to 2S15c and up
to 29c, where it closed.
The provision market was over
whelmed al the beginning by the news
from the yards. Instead of $4,000 hogs
as estimated, $4,000 Was given as the
days run and $4,000 as the probable
receipts tomorrow. The opening prices
for pork, lard and ribs were from sc to
15c below the closing price of the day
before, but the rates at the beginning
were at the bottom. or nearly so, of the
days range. Packers bought at the
decline, and took i'll enough 10 cause a
recovery of all about the early loss. In
the end pork and lard, compared with
the closing prices of the day before,
were unchanged, and ribs 215c lower.
Estimate cars for Thursday: Wheat,
80; corn, 1902; oats, 100; hogs, $4,000.
The leading futures ranged as follows:
IOpen-l High Low Clos