The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1897-01-15
FIRM WHEAT DAY
PRICE OF MAY FIXED SQUARELY
ABOVE THE EIGHTY-CENT
MARK.
ACTIVE FOREIGN BUYING
WITH HEAVY SEABOARD CLEAR
ANCES THE FACTORS OF THE
DAYS RISE.
ACTIVE FOREIGN BUYIf
COARSE GRAINS FOLLOWED
Sharp Fractions Gained by Corn and
Oats and Good Advance by
Provisions.

CHICAGO, Jan. 14-Wheat today again
got squarely above the soc mark, the May OPP
tion closing with 7sc advance. Enormous
Eeaboard clearances and active buying by
foreigners were the principal factors in the
strength which prevailed all day. All the
other markets were correspondingly strong,
corn advancing sc, oats about the same and
provisions 10q2Oc. In wheat the only weak
spot was at the opening, and was caused as
usual by the Liverpool market, which opened
%d lower. although this was only in line with
yesterdays decline here. The price of May
here began over a range of 79l2c down to
79Ac, as against 793sq79Ac, yesterdays close.
After touching the lowest it rose &c, and
even after that there were several drops OF
&c or so. The seaboard sent the final bullish
news. St. Louis became an anxious buyer.
On the first symptom of the latter purchasing
local sellers dried up, and not until the May
price was well over soc could they buy much.
Local receipts were II cars, against As
year ago. Minneapolis and Duluth reported
277 cars, against 209 cars last week, and 423
on the corresponding day of the previous
year. Closing continental markets were
steady to firm. New York wired the foreign
ers were doing considerable buying there,
and some very bullish news from Australia
was put afoat the substance of it being that
from an exporting country, sending out about
A2,OOOVOO 0u every year, she had changed to
an importing country and would want $780,
600 this year. The export clearances began
early In the day to affect local speculation
sentiment. Boston COMMENCED proceedings by
reporting $780, 600 blu cleared; then came New
York with exports OF go, 900 Blu, and in the
end the quantity sweled to the eQuiva-
lent Of $4,000 blu in wheat and flour together.
That includes So 900 bbls of -four from New
port News. This was the active influence in
the last hour. May finally sold up to S05sc,
and closed firm at S01A@805sc.
Corn opened firm but unchanged at 241A@
245sc for May, and under the encouraging in
fuence Of a strong provision market and the
advance in wheat it got up to 247sG25c near
the end Of the session, and closed at that.
The most remarkable feature of the days
movement was the enormous clearances from
the seaboard, which, inclusive of 223, 900 bu
from Newport News, amounted to 954 900 blu.
Oats were active firm and higher. The
feature was the buying by several of the
large shorts. Selling was moderate and scat
tered, principally among elevator people and
professional bears. May opened a shade lower
a. 1sG12c, sold at 1870, advanced to 19c and
closed at 19q191sc bid. The first sale of July
this year was made today at 1910. Later
sales were as high as 1873 zoe. Provisions
opened with full continuance of yesterdays
strength, and held 1t throughout the session,
which was the most active experienced in a
long time. Receipts ran much below the es-
innate, and this with the marked strength
displayed by the grain markets, was very in
nuental in starting the shorts to covering.
Foreign orders were also prominent. At the
close May pork was 2212c higher at IS. is;
May lard Toe higher at 4.15Q4 .171ac, and
May ribs 1Gc higher at 81 20. Estimates:
Wheat, u cars; corn, $40 cars; oats, 165 cars;
hogs, 10000 head.
The leading futures ranged as follows: