St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1893-01-24
FAVORED The BEARS.
Weakness Ruled the Grain
Pits on Chicago Change
Yesterday.
Bearish Influences Force a
Decline in All Cereal
Futures.
Provisions Strong on Light
Receipts OF Hogs at the
Yards.
Stocks We're Active, but the
Final Changes We're In
significant.

Chicago. Jan. 23.-The grain mar
kets were weak today and the provision
market strong. Compared with Satur-
days closing prices, wheat this evening
is of sc per bu. corn 150e@Sc, oats and
rye each sc. Pork ana lard are each
25c up and ribs l5c. Business in all de-
partments was dun.
Wheat started n shade higher on some
good buying by prominent local oper-
ar0rs anu the destruction OF a st. Louis
elevator with 1,O)0,00J bu Of wheat. 1t
was expected that the st. Louis event
would result in a certain decrease in
tIc visible. But later it was found that
The burning grain would be included in
The stock. not having been destroyed
until the statistics had been made up,
and there were other indications that
the visible WOlld show some increase.
I'D was also reuorted that the anLi-Optlon
uill would come to a vote tomorrow and
was pretty sure to pass. This helped TO
cause Weakness-TeSulted in Il decline.
-cLWaZ-Dupee and Partridge led the
selling. The opening was about the
same rs Saturday sc!UsIng. and prices
then advanced lie, became dull and de-
Ciued C. held steady at tie decline,
and closed within shade OF bottom
Corn opened ~~t Nnr 'ir'" 20d S0lO up
traction. but then turned heavy and
weak Trade >,aa aloN. and when
wheat became soft corn was inclined 10
weakness. Bryant, SchWarZ-Dupee and
other leading houses began TO sell, and
prices had quite slump. The big re-
ceiDtS expected tomorrow were de-
pressing IactOr but the chief weakness
came from reports OF an increased sup
ply of railway ears and au expected
.rter movement on that account from
country stations. 1t was reported that
HE Chicago division of the Wabash.
which previously could spare no cars
for east-bound gram, distributed 80 cars
.0 various stations Saturday. ana the
santa Ec road notified receivers here to
send them no more foreign cars, as Ghey
lOW had sufficient Of their own.
The cat market was inclined to be
firm. ana acted so until corn commenced
TO break. 1t then weakened and de-
1lined from the high point of the
Iay.
Provisions were remarkably strong
On only a moderate amount of business.
Che receipts OF hogs were only $4,000
head. compared with estimates of d.
200, and for tomorrow only 2l,000 are
OOked TOR. Such continuous light re-
eeIpts. Notwithstanding the present
prices being paid at the yards, makes
hose inclined to take the bull side OF
5he provision deal rather aggressive.
she nigh prices are very tempting to
those VINO prefer to act upon the short
side. and thus help to supply the bulls
with victims The offerings were eX-
-eedingly nght and it took very little
buying TO give the market a boost. n.
E. Beam and John Cuddhy were cred
ted with being The chief buyers. Capt.
Baylor bought good line OF ribs. and
5. Z. Durham was the most prominent
among the buyers OF lard.
Estimated receipts for tomorrow:
~ heat. $40 cars; corn, $40 cars; oats,
b. cars; hogs. 2I.JOO head.
The leading futures ranged as follows: