St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1896-02-14
WENT up ONE CENT.
s~
MANY CAUSES CONDUCE TO DECID-
ED STRENGTH IN THE PRICE
OF WHEAT.
BIG FOREIGN CLEARANCES
AND GENEROUS BUYING ORDERS
FROM NEW YORK AND
ARoAD
-.s--5s -s-.c;--
STIMULATE THE LOCAL MARKET.
Northwestern Receipts Fall OFF,
Corn, Oats and Provisions Show
Substantial Gains.
BIG FOREIGN Z LEARANcEs
THE LOCAL MARKET.

CHICAGO, Feb. 13.-Wheat was steady to-
nay. There was general disposition to buy
Ind the effect was shown in a gain in the
price of May wheat of 1c over Tuesdays clos
Ing prices. Corn and oats advanced about Nc
each; provisions are up sharply and show
substantial gains. 10, ,-s-o+ r.
Wheat showed decided strength and sold up
nearly lie from the close Tuesday. At the start
The feeling was somewhat easier and there
were sales at 4c below the close Tuesday, but
there was a good class of buying, and with
rather moderate offerings the price was grad
ually advanced and before noon the gain was
over lie. The early cables seemed weak, but
The second reported some Improvement, New
York sent. generous buying orders and a fair
foreign demand was reported and the clear
ances from that port were reported at 1885,.
900 bushels in wheat and flour. The local
talent was largely on the buying side and
nearly all of the big spectators were said
to be taking the wheat very freely. The fall
Ing on in the receipts at Minneapolis and Du-
luth for the past two days, 1872 cars compared
with $50 cars last week, and the fact that
much of the growing wheat is unprotected
by snow and liable to injury from a sudden
freeze, made shorts nervous, and; taken in
connection with the strength displayed, caused
a. good deal of covering. The liberal local
shipments by rail and action of the West
ern Freight association in cutting the rates
on wheat to Kansas points one-half, or IL
cents per 100 pounds was also instrumental
i
rumored that the big Clique of operators
which has been operating to depress the mar
ket for days had secured satisfactory
lines and was now working for an upward
movement.
May opened somewhat irregular about nc
lower at 6512@652sc, but turned strong and
went up gradually to 661a@665sc, reacting
under heavy realizing to 66Ac The market
kept strong during the last hour. mainly on
predictions Of cooler weather, and there
active buying, largely to cover shorts May
sold up to 667sc, but eased off and closed
steady at 665sc.
Corn was quiet but strong influenced by
the strength in wheat and was also helped by
the storm which is expected to cut off re-
ceipts.
May opened unchanged at 29%c, advanced
to 31Ac and reacted to 3O1sc. The market
held steady and firm during the last hour
May closing at 30Ac.
Oats were quiet but firm and closed a
shade higher. Sympathy with wheat was the
main cause for the advance May opened
unchanged from 20Ac to 21c, sold up to ZINC
and closed at 21B@21Ac. Provisions opened
firm at slight advance and gradually worked
higher. The strength displayed by wheat and
the small run of hogs gave the market an
unexpected frmness. For May, pork closed
at s1O.32h. against $40 on Tuesday. Lard
left off at $50, against $500 on the last pre-
vious trading day, and ribs at $5.371s. COM
pared with $500.
Estimates for Friday: Wheat, 200 cars;
corn 326; cats. 1853; hogs, 10000.
The leading futures ranged as follows: