The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1897-01-21
NERVOUS SESSION RESULTED IN A
NET GAIN OF FIVE
EIGHTHS
CASH DEMAND HELPED OUT.
CHICAGO STOCK WEAKNESS THE
MOST IMPORTANT BIT OF
BEAR NEWS.
LIVERPOOL THE EARLY FACTOR.
Decline Abroad Not Commemorate
With the Previous Days slump
in Local Market

CHICAGO, JAN, 20.-Wheat was helped to-
day by The good cash business here and at
st. Louis and closed at sc advance after
webbing about nervOusly all through the
session. Bad weather kept corn and oats
steady, the former closing at a slight advance.
Provisions were strong, and closed 212Q10c
higher. In wheat Liverpool was again the
factor at the opening. That market opened
Ad lower, which was not at all commensu-
rate with yesterdays local decline, and later
cables showed this loss recovered. Opening
quotations for May were at 7913079&c, COM
pared with yesterdays closing prices of 791ac
and sold at once to 1875 q SOC. Although the
Liverpool market opened at Ad decline, May
wheat here started a shade frmer than it
closed yesterday. The opening business was
at from 1872 to 1880, and before it sold be-
lew the lower OF these prices, it brought 1sc
more than the higher. 1t then gradually de-
chned again to 7912c, and even to 1850 for a
few seconds. Later, under the influence of
what heard from st. Louis about the de-
mand for cash wheat there, and the quantity
sold yesterday forenoon at the same place.
the price had a sudden rise to S01sc, before
the sellers again outnumbered the buyers.
The first decline after the comparative
strength at the start, was owing to reports
Of a renewal Of yesterdays weakness at the
local stock exchange. The chief interest GEN.
tered around the amount Of wheat sold at
st. Louis to Southern millers. The last re-
port concerning it was that, during yester-
days session, so, 600 blu were sold and before
the close OF the session, $50, 900 more. In ad
dition 10000 were sold today, making a total
Of 420,0 600 blu, and, as 1t was reported, all Of
It to millers in the South.
Chicago also did good cash business, two
prominent brokers reporting sales Of LIE, 600
blu. Chicago receipts were q cars, against 20
last year. Northwest receipts were also
small, Minneapolis reporting 155 cars, and
Duluth 81 cars. total of ZIP, compared with
21S last week, and 265 last year. The closing
public cablegrams did not differ materially
from those received earlier in the day. Vir-
Elnta and Georgia millers were making in
Quiries in Minneapolis, with a view 10 pur-
chases Of spring wheat, aud an actual sale of
10000 blu at CSC per bushel, delivered at a
oils as having been consummated. This and
the cash business made a strong feeling to-
wards the close and May. which in the mean
time had declined again to 1870 advanced
Corn was fairly active and steady with
but few sales in large lots. Some weakness
developed early in sympathy with wheat, but
the unfavorable weather and some covering
OF shorts, caused by the strength to wheat
near the close, gave an up-turn to the market.
Clearances were lIberaE66O 600 blu. May
opened sc higher at 24Ac, sold between 240
A1sc and 243sc, closing steady at about the
latter price. Oats were firm early in sym
pathy with wheat, and with some country
buying. Heavy offerings by the short con-
tingent caused some decline, which was re-
covered later when covering set in. Trad
ing was confined almost entirely to scalDing
May opened shade higher at 1850. sold 1-16c
higher, declined to 177sc, and closed at $50
1850 bid. In provisions the smaller receipts
OF hogs than expected caused a firm opening
and some Improvement in prices. There was
a good foreign inquiry and although the
market was extremely dull, 1t received enough
support to advance prices still more. At the
close May pork was about 1Oc higher, at
$8O212; May lard about 212c higher, at $4O7h
Q4l0, and May ribs about sc higher at S4.12b
gallo Estimates: Wheat, 20 cars: corn 215
cars; cats, rs cars: hogs, 20 900 head
she leading futures ranged as follows: