St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1895-01-13
BEARS UNDER COVER. /
Small Visible Supply Induced
Shorts to Seek Shell
MARKET WAS SLUGGISH,
But With Fipmness in All the
CePeals--Provisi0ns
Strong.
STOCKS QUITE IRREGULAR
h Oh
And Market Unsettled--H
Liquidation in Chicago
asssfr Gas.
STOCKS QUITE IRREGULAR

CHICAGO, Jan. Il. Cold weather,
light receipts and Bradstreet's state
ment concerning the smaliness of the
visible supply set wheat shorts to Gov
erlng today, and May closed &c higher.
May corn closed sc higher. May oats
&c higher, and provisions at slight
advance.
The wheat market opened rather
sluggish and with very little change
from the closing price of the day be-.
fore, but very soon number of buyers
started up. and the price rose buoyantly
and readily from 5S15@5S1c at the
opening to 5S5l@5S5sc in the course of
the next forty minutes. The statement
DyBradstreetS confirming to some extent
the views expressed Thursday by the
Cincinnati Price Current with reference
to the smallnesS OF tue visible supply
OF this year, as compared with that
of the year before was the principal
cause of the firmness. The other int1u-
enceS were of a mixed character. For
eign markets were quoted about steady,
and the expert clearances for the last
tWenty-four hours from the Atlantic
ports and New Orleans were the lighteSt
that have been recorded for very long
time-only 5.02S bu of wheat and not
enough flour to bring the total up to
100000 bu. Receipts, however, were
light, and the small exports we're as
cribed to accidental circumstances.
Bradstreet's gave the weeks clearances
from both coasts at ,5S7. 0C0 bu i'll wheat
and flour. Primary market receipts
amounted to 245,00O bu, against $685.
Oh the corresponding week before. The
severely cold weather, which, in Mis-
souri, and Kansas, where the wheat
plants have no snow protection, was ac
companied by high winds, helped in
the decentralization of the shorts which
took place. The market ruled strong
all day, and May closed at 5S9E(@5S34c
bid.
Corn opened firm and continued so.
The strength OF wheat helped it, but its
improved tone came in some degree also
from the better condition of the grain
and the consequent greater confidence
inspired thereby among those who wish
to store it. The cut in rail rates to tie
East, it is expected, will wake up the
shipping movement and remove the
dead load of The daily receipts from
the shoulders of the local crowd. May
opened at from 4779c to 4Sc and grad
ually worked up to 1890, closing at 4S4
@4s3sc Liverpool was quoted firm and
I'd higher.
Not very much attention was paid to
the oats market. yet fair business was
transacted for Saturday. There were
some buying orders on hand, and that,
together with the influence OF the neigh
boring markets. caused firmer feeling.
May sold from Sic TO 3l4 &c and closed at
31B@31Hc.
Provisions were barely steady at
slight advance at the opening, but be~
came firmcr later, and closed fraction
ally higher than yesterday. Hog re-
ceiptS were $4,000 head, and $4,000 are
estimated for Monday. A better de-
mand was reported 10 exist for cash
property. and the packers were evil
IDENTIFY disinclined TO sell ahead at
going rates. At the close pork had Sc
cured an advance of nc, lard 21ac, and
ribs sc.
The leading futures ranged as follows: