St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1895-01-06
RISE OF ONE CENT IN WHEAT
Set a Lively Pace for the
Other Markets--Ppo-
visions Strong.
LITTLE TRADING IN STOCKS.
Tendency During the Greater
Part Of the Day Be-
ing Upward.

CHICAGO, Jan. 5.-The wheat market
showed more bullish vim during today's
short session than it has for month
back and at the close had gained clear
l cent per bu on yesterdays final price.
Wheat set the pace for the other mar
kets, with the result that corn is &c
higher for the day and oats &c higher,
with the speculative articles in hog
products also up a trifie. New 9ork's
buying of wheat through numerous
commission houses and August Bros
seaux's heavy purchases gave the mar
ket it's first upward impulse.
The wheat market perceptibly needed
something to keep it up at the opening.
The Scalpers seemingly had the entire
crop for sale at from 573sc down to 5719c
during the first ten inmates OF the SEES
sion. The market received at critical
moment all the support it required, and
soon the scalpers were as unanimously
trying to buy as they had previously
been DESTROYS of selling.
Receipts wers lighter than ever and
foreign stocks small and their markets
steady. Chicago received Al car loads.
Minneapolis reported receipts Of 122
GERS and Duluth of 62 cars, Or 1S4 to-
gether. compared with G22 on the CORE
spending day a year ago. The United
Kingdom stocks of wheat and flour were
given by Beerbohm's at 100000 blu, as
compared with 29000.00O bu at the cor
responding period of the year ago. One
item of the news was to the effect that
the Argentine wheat crop is anyWh re
from 20 per cent to 35 per cent smaller
this year than last and of inferior quail
ity. Several cables gave further con-
frmatiOn to the above effect, and heavy
buying orders based, it is said. upon
the Argentine crop failure were re-
ceved from New York.
The market, from being very weak,
became very strong. May. which opened
at from 5719@5736c. was governing
around 5S}sc near the close. a great
deal of business was done. May closed
at 5S12c.
Corn opened very weak, but screwed
its courage up when the bold advance
in wheat was under way. The opening
price for May was 4735c, and from that
down to 474c, as compared with 4715c
at the close yesterday. 1t rose i'll SYM
pathy with wheat to 48c, and closed at
471sc.
Oats were active throughout the ses-
sion and quite heavy business was
transacted Early in the day Counsel
man and Bartlett-FraZier offered stuff
freely and broke the market from 30$4c
to 3O15c. Then the disposition to buy
began to improve. Wheat and corn
commenced to advance, and the shorts
in oats became alarmed and bid freely.
The price started to go up and CON
,inued to do so until 3136c was reached,
at that price the market closed.
Provisions were very steady, and in
the end rather weak. The strength Of
wheat helped to sustain the hog prod
ucts at the slight advance viii CHI
marked the opening prices. May pork
started with an advance of 215c, and,
after dropping for a while, picked up
| again, and closed with that much gain
| for the day Lard and ribs pursued
| similar course, and each rested at 212c
over the closing price of the day before.
| The receipts of hogs were only $4,000, as
! compared with $4,000 estimated.
| The leading futures ranged as follows: