The Saint Paul globe., 1899-01-05
GRAIN MARKET FIRM

CHICAGO, Jan. 4-Hsavy export Clear
ances diminishing receipts and predictions of
cc.d wave caused sharp advance in wheat.
May closed with gain of &c. Corn ad-
Vanced 2se and oats &c Pork lo-t 2'2c,
lard advanced 21ac; ribs are unchan nged.
The LverpOol wheat market was the cllef
Influence here at the start. Cables came Id
lower tor futures Such apparent eageraes,
abroad u emphasize the weakness in this
market caused the Sc ling out or heaFS
line nf long wheat here. May opcaed irac-
tion lower, wi;h ,ellers at from IG$ic down
10 7Glkc So much wheat was for sale that
the price forced down to 10Ac before in
tending buyers could shout bids The AT
lantc Port c.earances, however, began to
have IN l.sh feet when Phi!adell his report
ed 350tGj bu whest and Hour shipped Tor ex-
port. When other ssaoOard cities swelied Inc
total exports for twenty-foGr hours to over
1.le00G0 bu the feeling of Spectators found
sas City wired that the Gays receipts there
were not sufici Mt for local milling require
monts ard Minneapolis reported such urgency
in the demand for toiayS offerings of cash
wheat that the price advanced u
Slight premium over Nay delivery.
Chicago receipts were POS cars. of which
IL graded contract. Minneapolis and Duluth
reported asa cars received. as compared with
S5S Lass year. The general response to :n
qu-rieS concerning future country movement
of wheat in the Northwest was that the sup
ply was likely 10 be .til smaller in the lu-
ture. Atlantic pert clearanceS when finally
reported N IL !, aggregated 1900 900. Brad
the wor is visible showed an increase of only
81 eco bu, compared with FIVE times more
than that year ago.
Reports Of . Geld wave from the ncrth
when. il was claimed. would cause severe
loss to the winter wheat. had a strengthen
ing influence. The market near the end be-
came very bulljsh Shorts covered freely and
there was heavy buying for the long ac-
count which resulted in advancing May to
lls4c. That was above cal price, and realiz-
ing in privileges caused a slight reaction
near the end. May closing at 111sM1I5Sc.
Wet weather which was considered likely
To curjait receipts strengthened corn. There
was also q coed export demand. Prices Sagged
a triae early on scattered selling from the
west but the price got around 3ilsc. the
rally fcl owed. Receipts were liberal--1115
bu May opened a fraction higher at 3744D
SIssc. sold speringly at 37lsc. gradually rrse
TO Sitsc, then reacted to 31i2G379sc at the
close.
Oats ruled active and higher. The advance
receipt, unfavorable weather ard the ad-
vance in other grains. ReceiDts W . $50 cars
May opened up 4 fraction at 2l12G215sc weak
cred u 2i3sG21l2c, advanced to 277sc and
closed Al 273ic.
\ dissppointing,y heavy increase in the
stock Of hog products for December pressed
provisions early. The commission houses had
numeioG buying orders and packers wht,
We're free sellers turned buyers. the conse-
quence being recovery of practically all the
decline. May Fork opened 71A01712c lower at
6lOSo and advanced to $40. 10. May ard began
Toe down at So and improved to $5S71S
May ribs started l0c over lower at S5.05 and
rose to :5.15.
Estimated receipts for Thursday: Wheat.
10 cars; corn, 40 cars; oats, 195 cars; hogs,
Al, eco head
The leading futures ranged as follows
I;,rb