The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1900-01-03

CHICAGO, Jan. 2.-The firmness of Liv-
erpool, an improved cash demand and the
decrease in the visible, with the sharp
advance in provisions, were combination
of bullish influence in the wheat market
today, May closing strong, up %@7sc over
Saturday. Corn closed 12c and oats &c
higher. Light hog receipts and better
prices at the yard were strong support
to the provisions market. May pork
closed 521kc higher, lard 1714c and May
ribs 17120G20c over Saturday.
The quietude of the holiday markets
was broken today in the wheat pit, and
the firmness which characterized the
cereal, despite the dulness of the festal
week, was turned to decided strength to-
day by an imposing array Of bullish news
and statistics May wheat opened hc
over Saturday, at 6914@695sc, principally
because Of the strength Of Liverpool, the
English grain center being Influenced by
a decrease In stocks and in the amount
on passage. Trade early was rather
light, but became better as the demand
from outside increased. Foreigners were
good buyers and commission houses had
large orders from outside Shorts and
some others saw reason for buying in
sympathy with the strength of the pro
vision market.
The announcement of the decrease in
the visible gave more impetus to the up
ward tendency of the market which al
ready was over the call figure. May as
cended to 701@70Ac and closed strong,
&@%c over Saturday, at 70Ac. At first
the crowd was unfavorable to the adj
vance, but when May reached zoe and the
visible, which had been expected to show
a moderate increase, showed a reduction
of 6SI,G00 they turned about. New York
reported an Improvement in the export
demand
Seaboard clearances in wheat and flour
since Saturday were equal to 100000 bu.
Primary receipts were S6S, 200 blu, COM
pared with 1.55S,293 last year. Minneapo-
lis and Duluth reported receipts for two
days no cars, against 9S5 a year ago
Receipts here were 5S cars, Of contract
grade.
Corn was strong sympathlzing with
both the wheat and provisions market
and supported by independent news Con-
fldence in the bull position was fostered
by the continued light receipts and small
country acceptances, despite the good
weather for moving. Liverpool was up
for both futures and the cash article
and clearances from the seaboard since
Saturday were enormous, amounting to
1,G31 900 blu. The quantity on ocean pas
sage was reduced $4,000 blu, and the WISH
BILE decreased 10000 bu. Receipts here
were 540 cars, considerably over the es-
innate. Worlds shipments were small
Shipping houses and local bull interests,
among them influential people, were buy
ers throughout. The advance was prac-
tically without check. May opened 1sc
up, at 22%Q32c and advanced to S31sc,
closing &c over Saturday, at 3314QD335sc
Provisions were exceptionally strong
starting with a jump which surprised
s even those who had been looking for an
Improvement. May pork showed an in
itiai gain of 15c, May lard 71sQ10c, May
ribs T1zQ1215c The advance was sharp.
Commission houses were in the pit with
large buying orders from outside, while
the demand from other sources was in
cessant. and there were no sellers OF
product for some time When the market
was at the top, up from zoe Oh May lard
to 421zc for May pork there was naturally
some proft-taking, but its effect was
trivial in comparison with the advance.
The advance was the combined effect of
light hog receipts. where liberal ones
had been expected, of higher prices at
the Yards and the small January deliver
tes-l 600 bbls pork, 1900 tierces lard and
100000 lbs ribs. May pork ranged from
5000 to s10.S71a. closing S21ac over Satur-
day, at $10.771z; May lard. from $3.50 to
60. 0a1k, closing 17tsc better, st SO, and May
ribs, from $500 to s5.7s, with the close
4 iT1sQl10c Improved. at S5.70sl5 721a
Oats were dull! but Arrl in sympathy
with other graina. Sce!pers who were
shorts were the best buyers. Selling was
scattered Local stocks increased $4,000.
Local receipts, 22l cars. May ranged