The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1899-01-10
WHEAT RULED STRONG

CHICAGO Ian. s.-Decided covering by
shorts today and heavy clearances at tne se I
an advance Of &c. Germ gained &c, and oats
Is@Hc: provisions, after sharp advance ca
iy, c,oged 1t substantially unchanged prices
Wheat opened astonishineiy strong &c ems 1a u
ular session Saturday. A sharp upturn on tue
curb Saturday afternoon. However, oemi u
strated how susceptible the price WIS I, a.,
confidence of short sellers In the
wisdom of their post on. May Serted
1se higher at 70ss@70l4c and in the Efforts oil
ket May was advanced still further, reacnng
T07sc Up to this time the news had nostang
in it to suggest a reason I such bu'iis n IS,
and that II was not until the return CT me
clearances Ct wheat and -four from Atlantic
ports was published that bulls got anyth ng
from the days statistics to jus lily them In
their attitude toward the market. CAc5go
receipts were 2l9 cars, of which graded
contract Minneapolis and Duluth received
ISL carloads, compared with S3o for the
corresponding cay year ago. P1mary West-
ern market receiptS aggregated 999U0o bu,
whereas 522 600 bu comprised the total Tor
the same day last year. The visible supply
that thought likely to show de-rea
of coo bu, found to have lncrea-ed
465 eco, against Al. 600 the prev Gus year. That
acted as a curb TO the bull enthusiasm
thst WAS prevailing and May reacted t. 7G&c.
The days Atlantic port cleaTances OF wheat
and flour equaied 1,0S5,000 lu The quaint
on ocean passage increased 1,040,C0o bu- Last
weeks shipments were enormous, being plac-
ed between 1850, eco and S,000,t01 bu, OF viii h
over so per cent came from this country. Tie
demand fer export at the seaboard was re-
ported ia rly good. Outside orders became
numerous about this time, and a good deal
of buying here for the long account sent the
price of May Up again to f1Ac. The majority
of traders held call privileges around tn Sc
figures and in endesvor ID secure those
profits May saggod off TO 707sc at the close.
Light offerings and the strength in wine at
helped corn For a time hid pg was so spir-
tied by the oid-time bulls that May. whit h
opened ls@Ac higher at 3714 @37asc, was 70. C
ed up TO S71z @37Ssc. Receipts were-very large,
however, and the visible supply showed an
increase of 1903, 600 Those influences con-
buying had subsded somewhat, Nav grad
uaily decl ned to SIC, and closed at 371sc.
Oats followed corn, showing r. myth ca ly,
bat weakening later. There was a go de-
mand from outsiders during the fore part of
the session, but this dropped eff when the
2SS cars. May opened 1sc up to 27ss@271sc
rose to 9 '72zc, and closed at 271ac.
The favorable character of the new props
ed German meat inspection bill strengthened
provisions early. Commission houses appear
ed TO be -el supplied with buying orders
on the advance, 10, c4cx.-s sod freely. After
the commission houses haG procured all they
wanted there was still long mes ior sale, and
the advance all lost. May pork opened
5Ql0c higher at sl0Q10.05, advanced to $10.12A,
then declined to S995d9.971a, the closing pr.ca.
May lard began sc up at $50, sold at 5.72h
Qo.75, then sold off to $5.671a. May ribs s art
ed 212c better at s. 021a rose to S5.07b thsn
weakened to 81. SIG at the close
Estimated receipts fer Tuesday: VIII a, 125
cars; corn, 500 cars; oats, $50 cars; hcgs, 30
Geo head.
The leading futures ranged as follows: