St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1896-01-19
GOES STEADiLY UP.
WHEAT GAINS NEARLY A CENT,
AND CLOSES NEAR TOP
FIGURES.
FREE BUYING IN THE WEST.
APPREHENSION THAT THE sITUA-
TIOS WAS SHAPING FOR AN
OTHER WAR SCARE.
CORN WAS. FIRM IN SYMPATHY,
And Oats Ruled Somewhat Higher
-Generai Stock and Bond
Market.

CHICAGO, Jan. 1S;-Wheat advanced stead
lily today, except for about half an hour sue
ceedins the first advance it made. May
touched Ole a bushel and closed at 6O7sc, a
gain OF sc. Corn was influenced by wheat to
the extent OF &c. There was some disposition
70 take prohts On provisions and much less
Duylng on country account, with consequent
slight setback TO prices.
Wheat was decidedly the leader today, in
terest IN provisions having died away to a
certain extent. The temper of the wheat mar
ket was very uncertain at first however for
AFTER d sudden squirt at the opening from 601sc
ior May TO 6Oasc it hung back and fell again
TO 6cAc before an hour of the session had
passed The business was largely local. but
there were some buying orders from ST. Louis
as the price was going up, and selling orders
from New York when it the fence
around 6012c and 605sc. The New York selling
orders and the letting go of considerable lines
OF long wheat by local bulls brought about
the reaction referred to above. But the mar
ket soon absorbed all the wheat offered during
tne oecine, and was again up TO 60ssc by II
clock The second bulge did not stop until
6t4 4601sc had been paid and after that ex-
per1ence the short sellers evinced a DISPOSE
tlon 10 act with more circumspection than
they dld on the first rise. The all-rail pur-
chases at Duluth yesterday still lack con-
nfmatlon, but the clearances from the
board yesterday were heavy and there was
said to be some foreign buying at New York
and the same interest was said to be buying
freely for spring shipment at Western points
But the market got its chief strength from
the growing apprehension that the situation
was Shaping Tor another war scare. The
port that a British squadron was on the way
To this country caused alarm among shorts,
and there was active covering and good in
yestment buying, while there was not much
wheat for sale.
Corn was fairly active and firm in spite of
the lower provision market, from which it
has been taking its tone lately. AT no time
during the day did the price for any delivery
get below the figures it closed at yesterday.
on the day before. 1t worked up during the
first bulge in wheat to 29G29Ac, and then
back to 2824 62S7sc, getting up again on the
second rise in wheat TO 29d 291sc and closed at
that. n
In oats the feeling twas firm, in sympathy
with wheat and corn, and prices were &c
higher on May and sc up other deliveries.
May started &c higher at 1870, sold to
201sc and closed withSsellers at that price.
Business in pork was much smaller than
it was on the three previous days, but interest
was still sufficient to keep good-slzed crowd
around the center of action There was an
absence of outside support, however and
prices declined somewhat in consequence.
Prices started at9a decline of 10c in May pork
and 215c each in lard and ribs. At the close,
compared with yesterdays final figures, May
pork, l5c lower; May lard and ribs, each Ice
lower. u
Estimates-Wheat, 65 cars corn, $50 cars;
oats, 2i5 cars; hogs, 80 coo head.
The leading futures ranged as follows: