St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1896-01-25
GOES STILlt HIGHER.
WHEAT CLOSED WITH ANOTHER
ADVANCE OF A CENT AND A
HALF,
AFTER A VERY NERVOUS DAY.
TALK OF WAR AND COLD WAVE
\ FAILS TO HOLD 1T FIRMLY
DOWN.
CORN AND OATS FEATURELEss.
Provisions Close ListIess, After
Strong and Active Open
AFTER A VERY NERVOUS DAY.
CORN AND OATS FEATURELEss.

> CHICAGO, Jan. A.-The trading in wheat
today was rather small, and fluctuations mar
row, until about half hour from the close,
when big covering orders caused a jump of
cent and half, May closing that much high
er. Corn and oats upheld by wheat, and
closed &c higher each, and provisions closed
with slight gains.
Wheat during the morning was quite nery-
Gus, though the fluctuations up to noon had
been only about half cent There were a
good many disquieting rumors put afoat con-
corning the gravity of political complications
growing out of the reported treaty between
Russia and Turkey and an effort was made to
create something of a war scare, but the fact
Z that consols were higher than yesterday, and
! as Liverpool showed but little advance these
rumors fell fiat. Then cold wave was said
to be working its way into the Southwest,
and the winter wheat was said to be in dan
ger Another rumor was started that for
eigners were heavy buyers at the seaboard,
and that Partridge taking the long side
OF the market, having fully covered his short
line.
But the undercurrent was so weak that all
this did not prevent a gradual weakening.
There was little disposition to take the long
side and the buying seemed largely from
shorts to secure profits. The moderate bust
ness up to about 12:30 o'clock was followed
by twenty minutes OF considerable excite
ment, and lively advance in that time OF
114c. May opened slightly lower at 62h@
up to 1890 O'Clock it had many fluctuations
from 62Ac to 62Ac. Then it rose rapidly from
around 621Ac to 64Be No end of theories were
advanced TO account for the latter jump. The
truth seemed to be that some of the recent
heaviest trading bears had been buying wheat
quietly all forenoon, and the scalping crowd
had got short August Brosseau, who had
STOOD pat all forenoon, on short line of
over 1,OOO,O coo blu, put brokers in the pit to
buy 1t in just the market started on it's
bulge, and that touched off the latent bull
| no nPin with hi ri
to 624c before the close. The latest price was
6216@62hc. The transactions in the last 20
minutes of the session were simply enormous,
and probably LOCO 600 blu average during
every minute of that time.
Corn was quiet and appeared 10 need all the
assistance it got from May. May opened un-
changed at 2912c, dropped to 29Ac, and on the
hnal bulge in wheat wound up at 29c bid
The trade was light and the pit was practical
~ deserted during the greater part of the
session.
There was but little activity In oats, and
the market was practically featureless, with
\ eighth higher at 265sc, sold at 2O1bc ad-
9vanced to 20Ac and closed there.
The provision market strong and active
Tor few minutes at the beginning of the
session, but listless and heavy thereafter, al
though closing at a shade over yesterday
and closed with net gain for the day of PIC
Lard rose &c, and rested at the same price as
on the day before: ribs advanced 1Oc, and re-
tatned &c of that up to the close
Estimates: Wheat So cars: corn ASS cars.
oats, 205 cars; hogs, 16 0G0 head
Open High Low Clos
Articles ing est. est. ing.