St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1895-01-14
BEARS UNDER COVER.
Small Visible Supply Induced
Shorts to Seek Shell
MARKET WAS SLUGGISH,
But With Firmness in All the
Cepeals--ProvisionS
Strong.
STOCKS QUITE IRREGULAR
And Market Unsettled--H
Liquidation in Chicago
Gas.
STOCKS QUITE IRREGULAR

CHICAGO, Jan. u. - Cold weather,
Fight receipts and Bradstreet's state
ment concerning the smallness of the
visible supply set wheat shorts to COW
ering today, and May closed sc higher.
May corn closed sc higher, May oats
&c higher, and provisions at a 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 5S18@5S4c at the
opening to 5S24@5S5sc in the course of
the next forty minutes. The statement
byBradstreets 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 frmnesS. The other intiu-
ences were Of mixed character. For
eign markets were quoted about steady,
and the export 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,O2S bu OF wheat and not
enough flour to bring the total up to
100000 bu. Receipts, however, were
light, and the small exports were as
cribed to accidental circumstances.
Bradstreet's gave the weeks clearances
from both coasts at 2, 5S7. 900 bu in wheat
and flour. Primary market receipts
amounted to 245,O0O bu, against 36S,000
on the corresponding week before. The
severely cold weather, which, in MIS-
souri, and Kansas, where the wheat
plants have no snow protection, was &C
tompanied by high winds, helped il
the decentralization of the shorts which
took place. The market ruled strong
all day, and May closed at 5S9z@5SIc
bid.
Corn opened firm and continued So
The strength of wheat helped it, but IT'S
improved tone came in some degree also
from the better condition of the grain
aid the consequent greater confidence
Inspired thereby among those Who wish
to store it. The cut in rail rates to the
East, 1t Is expected, will wake up the
shipping movement ana remove the
dead load Of the daily receipts from
the shoulders of the local crowd. May
opened at from 417sc to 4Sc and grad
ually worked up to 1890, closing at 1914
@4SS5c. 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 tirmer feeling.
May sold from Sic to size and closed at
S1T@3l4c.
Provisions were barely steady at
slight advance at the opening, but be~
cams fEmer later. and closed traction
ally higher than yesterday. Hog re-
ceipts were $4,000 head, and $4,000 are
estimated for Monday. A better de
mand was reported TO 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 re, lard 272c, and
ribs DC.
The leading futures ranged as follows:
Open- High Low Clos
ARTICLES. ing. est. est ing.