St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1890-01-28
WHEAT is kWFULLY WEAK.
Prices Touch the Lowest Point Reached
Oh the Recent De-
cline.
a Slow Recovery and the Closing
About the Same as Sat
urday.
Financial Operations of the Money
Kings---The General Quota
tons.

CHICAGO, Jan. 27.-TheTe were influences
enough TO stir up the whole market again to-
day. and the trading of the day showed that
the leading operators were pretty well di-
vided. and the market looked more interest
ing TO an outsider than for weeks. The mar
ket opened steady n about the bottom figures
of Saturday. The first influence looked for
was the decrease in the visible supply. EST
mates were all the way from no decrease to
100000. but the estimate generally accepted
was 100. 900 to 20, 600 bu decrease. Among
the first figures received were Buffalo and
New York together, giving a decrease in
stocks of over 100000 blu. This was pointer
for the bears. About the same time consid-
cradle capital was made out OF a statement
coming Tram New York that the
agricultural bureau at Washington
called the present condition of winter
wheat 102 against 96 last year and in
creased the acreage , per cent. Here was
another point for the bulls. This lost part of
its force later when it was found that the fig
ures originated in New York. not Washington,
based on data Dec. l. not Jan. l, as expected.
To the official visible supply, figures made a
decrease of 500, 600 pu. a third bear point
was in the absence Of export clearances. A
fourth bear influence was the cables. The
pool quoted spot and futures tending down
early and closed with spot halfpenny lower.
Hutchinson bought early, but stopped while
Partridge, Cudahy and Eggleston ard others
pounded the price down Ac on the early
news. Then he was buyer the rest of
the day. Cudahy was the heaviest
seller on the second break, and Smith
& Co. and Baldwin and Farnum on the third.
break when the bottom price was reached.
AT the bottom Lindbloom, Durham & Co.,
Schwarts-Dupee and others bought freely
and turned the mark up Ice. The action in
May was 79ss@19l2c to 7912@79Ssc TO 79A
@79SSc TO 79ssD79l2c to 79l8@JT914c to 1880
TO 79c TO 1880 to 79Ac to 79lac at O'Clock.
The day closed with the wheat market quite
firm ana at pretty close to best prices. The
market did not break as anticipated on the
heavy selling and the bear news and there
was good deal of buying back to cover early
sales. Receipts were 80 cars winter wheat,
81 cars spring. 373 cars corn, and 155 cars
oats. Withdrawals from store were 479 bu
winter wheat, 17,419 bu spring. 6,27S Blu
corn, and Ii. 451 Blu oats. The visible grain
supply statementas compiled by the secretary
of board of trade shows decrease of the week
of 100000 bu and 1876, 600 bu oats and an
increase of 61S,000 blu corn. Estimated
receipts for tomorrow are 20 cars wheat,
5U0 cars corn, 27S cars oats and $4,000
hogs. Corn was more active than usual. but
fluctuations in prices were as narrow as ever.
Harvey, Irwin-Green and others were sellers
of property; Hutchinson and u. c. Moore
were the buyers. There were 81 900 bu
cleared Saturday from New Orleans and
5000 bu from the Atlantic ports. Oats
were quiet. Provisions were dun, but prices
were shade firmer than on Saturday. May
pork opened al SIO.15 and sold all day be-
tween this price and SOTO. The firmness
of the hog market at the yards was the cause
of the advance over SATURDAYS prices