The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1902-01-19
Minneapolis and Duluth seai S1 ms5f.t,
CHICAGO CHANGE.

CHICAGO, Jan. 1S.-Eyidence Of renew
ed confidence, as shown in good buying
orders, gradually brought the grain mar
ketS toaay under bulllSh control. Aided
| by good conditions, good advances were
mace all around after q quiet opening,
and May wheat closed $4Q5sc higher,
| May corn 1Q1lsc higher, and May oats
1Ac up. Provisions closed 21hI5c higher
At the outset wheat had comparatively
small business, but showed a decided I'M
pfoYement in tone under the influences
of improved spot and spot and future
cables and dry weather damage reports
A good deal Of short covering was IN
dueed- by the rapidly rising bullish sentl-
ment, and business grew brisk. May
opened 14c and A0asc higher, at S012c to
SeasQSO72c, and steadily advanced. There
We're reports of light rains in the South
west but not sufficient to help the suffer-
ing country.
Kansas City reported one-fourth of the
winter crop ruined. The Southwestern
ly st. Louis, where May was selling at
SS34c when it brought only Sic here. Re-
ports were current of renewed foreign
demand for spring wheat and confrma-
ton Of sales of this hitherto neglected
variety came from Buffalo Some pro-
fessional bulling at length set in and on
the prediction of freezing TENT o. atuI es
in the winter wheat country. st. Louis
houses began to buy. May closed strong,
A03sc higher, at SIC. Local receipts were
81 cars, none of contract grade; Minneapo-
lis and Duluth reported 531 cars, making
a total for the three points of 563 cars
against sos last week and 460 a year ago.
Primary receipts were 631 900 blu, COM
pered with $4,000 bu year ago. Sea-
board clearances in wheat and flour
equaled 344, COO Blu.
Corn ruled firm and advanced steadily
on covering by shorts. Cables, especially
at the close, were improved, and helped
the situation. Professional buying early
helped the market, following the better
tone in wheat. A good outside demand
soon sprang up. The Northwest and st.
Louis did some buying, Influenced largely
by apprehension over threatening wealth.
err The cash situation remained rather
dull, shippers reporting a small move
ment. This, however, had little effect on
the growing bullish sentiment, and May
corn advanced to a strong close, 1011sc
higher, at 64Sz @64Bc. Receipts We're bull
ishly small at 81 cars.
Oats had a very strong market, and
ruled higher throughout the session. Of
fer1ngs were scarce, and tinid shorts,
frightened by professional bulling, sour
ried to cover, sending prices upward May
which opened the highest option of the
pits sold up to 461ac, and closed strong,
1Ac advance, at 1890. Receipts were 1872
cars.
Provisions were rather dull, but ruled
firm on light offerings and the grain
strength. Packers did most Of the sell
ing. The hog market was improved and
was "a strong incentive. Some outside
demand started fair advance. The close
wa was 5o, Irm; May pork closed nc up, at
$It.l212: May lard higher, at 1915, and
May ribs, 5Q71ac advanced, at S.. 7215
Inc estimated receipts for tomorrow
are: Wheat IS cars; corn, 100 cars; oats,
$50 cars, and $1,000 head of hogs.
me reading futures ranged as follows: