St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1891-01-18
BULLS EASY SELLERS.
The Wheat Market Heavy
Throughout the Greater
Part Of the Day.
Public and Private Cables
Both Somewhat Easier
in Tone.
Wall Street Entire Stock List
Higher and Decidedly
Stronger.
Activity in the Lead Trust a
Strong Feature at the
Opening.

CHICAGO, Jan. 1.-THE opening OF
the wheat market gave some indications
of a steadier feeling On the part or the.
bulls, but with the first attack made
upon them they changed about. and the
bears stopped the decline by buying IN
considerable lines of shorts. The news
of the day made the laborS of the bulls
uncomfortable onerous, and the task OF
the bears correspondingly easy. The
bulls have for some time acted upon the
principle that it is foolish to waste
time. temper and good whiplash on
balky horse, and if reasonable april
cation of the goad fails to make MIN
draw in the wished-for direction 1t IS
wisdom to unload the obstinate brute
and go the other way. The bulls
parted with the bulk of their
purchases when they saw the
discouraging nature OF the 1nel
with which the wires supplied the
fires of speculation to-day. The cables,
both public and private, were easier IN
tone, but did not advise any appreciate
chonge in price. The weekly exports
from both coasts, as reported by Brad
streets, was not much over half the
amount set afloat for foreign ports on
the week before, and about 100000 bu
less than on the corresponding week
last year. The farmers deliveries IN
England during the week were heavily
in excess of the movement there III the
preceding week. The export clearances
were about the only item in the days
news upon which the bulls could build
an argument, or, as one OF them eX-
pressed his feelings, (which grief
could call its own," quoting from
the song, "The Heart Bowed Down
With Weight of Woe" There was
a rumor of fifteen boatloads of wheat
sold for export to-day at New YORK, and
six boatloads at Baltimore, but only
eight boatloads at New York could be
substantiated up to the close of the ses-
sion. The sender of the New Z DIRK dis
patch which claimed the larger num-
Der of loads sold was said to have sold
puts on this market yesterday on 10000
Blu, and was anxious to retain the SOU
he received for the privileges without
having any of the wheat put to him.
The market was heavy for the most
part, and would doubtless have de
clined more than it did had Mr.. Pard-
ridge not seen fit to cover large guam
tity of the short wheat. The corn
market was governed early by the trad
ing against privilege. but in the
last half Of the session the pre-
vailing feeling was one OF weak
ness. There was no trading in
seller the month, and July was
the only delivery in which speculation
was INDUCED in to any extent outside of
May. Oats opened steady. The trad
Ing was light and mostly in small lots:
The provision market was weak and
prices lower, with the selling prlnci-
pally on behalf of the packers. John
Cudahy disposed of about 100000
pounds of short ribs early, and Helm
holz was free seller about the same
time There was no conspicuous feat.
ure outside of the general feeling OF
weakness, induced by the attitude of
the manufactures of the product. The
receipts of hogs were rather. in excess
of the estimates. The best prices were
made early in the session and the low
est were also realized in the first half,
q gradual and very slow recovery tax
ing place later, which, however, still
left a considerable gap between to-day's
and Fridays closing quotations. Pork
shows loss of 719c, lard of 2119@5c. and
ribs Of 5(@719c.
The leading futures ranged as follows: