St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1892-01-15
AGAIN The SEESAW,
A Nervous Feeling and Rapid
Fluctuations in Wheat at
Chicago.
Weakness Toward the Finish
Forced Prices Below We'd
nesday's Close.
Corn and Oats Held Up Well,
But Hog Products Took a
Tumble.
Material Losses in q Few
Stocks on Wall Street.
Material Losses in a Few
Stocks on Wall Street
Market.

CHICAGO, Jan. 14.-Wheat was rather nerv-
Gus and subject TO numerous fluctuations
during the day. In the earlier part of the
session the market was strong most Of the
time. but toward the close the feeling was
one of weakness, accompanied by decided
decline, which left prices at the close con-
siderably lower than yesterdays last figures.
The early news was nearly all of q bullish
character. The receipts showed a decided
falling off at nearly all points here, in the
Southwest and in the Northwest A tele-
gram stated that at forty-six stations in the
Northwest the deliveries yesterday were less
than 5000 blu. While much of this is proba-
bly, due to the severe weather, it had never
theless, bullish influence on the trade.
Cables were little more favorable, Liver
pool being quoted l2d up on futures, but
other foreign markets showed very little i'm
provement.
Domestic markets were generally strong
and New York had liberal buying orders
here. The continued severely cold weather
in the West augmented the fears for the
safety OF the winter wheat crop, and sensa-
tiOnal story published in morning paper TO
the effect that there are 30,000,0 600 bushels of
unthreshed wheat in shocks and stocks i'll
the Northwest most of which will be ruined
by in-driving snow. had some publish infu
ence.
In addition to this, the Cincinnati Price
Current said that the crop estimate of the de-
partment of agriculture, issued few days
ago, made the aggregate too great. There
was very little wheat for sale, the liquidation
having been apparently very complete. and
the Duying was fair. both to cover short sales
and FOR q scalp on the bull side. Partridge,
Clifford Lester were the most active sell
ers, and let go some big lines.
There was recession after the opening on
later foreign advices quoting weakness in
prices, which caused free selling; shorts took
advantage of the situation to buy, causing
rally; but i'll the afternoon 1t was rumored
that Russia was preparing to remove the
wheat export prohibition, which caused
another break. Then the market rallied again
on free buying, but broke once more to III
side figures and closed easy. May opened
excited and ragged, Oils to 9!14c being paid
at about the same time i'll different parts of
the pit; broke to 9laSc, frmed up, weakened
to 91l2c, rallied to 92lsc, broke to and closed
at9llec.
Corn was quiet and steady, with the feeling
inclined to firmness. though there were no
material changes in values. The receipts
were about forty cars below the estimate, and
contained only five of the contract grade but
the colder weather in prospect led 10 the
hope that the grading would speedily i'm
prove. There was little significance in the
individual buying, and. as u rule, trade was
slow, and the market WITHOUT much feature.
Fluctuations were confined to a range of Ae,
closing at the bottom and close to yesler
days last figures.
Oats were Qniet steady and withou feature.
Hog products opened without change, and
pork made slight advance in the early trad
ing In sympathy with wheat; but the heavy
receipts of hogs and free selling caused a
weak feeling to follow, which prevailed dur
ing most of the remainder of the session,
The close shows a loss in value compared
with yesterday OF 20c IN pork, &c lard and 7l2
@10c in ribs Estimated receipts for tomor-
row: Wheat, IA cars; corn, 200 cars: oats,
40 cars; hogs. A., 900 head.
/ The leading futures ranged as follows