St. Paul daily globe., 1893-01-18
BROKE AT The CLOSE.
Wheat SIumped II Cents in
the Last Fifteen Min
uL6S.
CLIQUE Brokers Fail to Come
to the Support OF the
Market.
Large Receipts Of Hogs Help
TO Depress Provision
Prices.
Stock Market Was Firm, With
Less Urgency to the
Demand.

CUCAGO. Jan. IA grand slump OF
lt.ciu fifteen minutes occurred IN the
wheat pit Just at the close today. The
final price. compared with last nights
figures, showed a net loss of 5sc. 1t was
found on the last rally that the clique
brokers. instead OF whipping up The
market as on former quick spurts. had
amy quantity of wheat for sale. The
crowd adjusted itself quickly to that
fact. jumped on the market and brought
out perfect deluge OF offerings. Corn
is isc and oats &c lower. Provisions
were at no time strong and closed weak,
pork at 22}sc, lard 20c ana ribs 221zc de-
cline.
Wheat started Il shade higher land
sold up q tute, but soon turned weak.
The early strength was principally due
To the decrease OF about 100000 Du IN
rue amount on ocean passage ana the
S0q, 600 bu decrease in the English ViSi-
bic. The receipts in the Northwest
We're also light, only 2ZG cars, against
84s ears the same day last week. Shorts
we've rather nervous. ana there was
good covering for a time and not much
tor sale. SchWaTZ-Dupee led the buying,
taking. it was estimated, fully l,UOO.OOO
Du. while Logan. Hately and w alker
IL Co. were also good buyers around the
opening figures: bur, after the market
had advanced. the realizing became
generous, cables began to come weak
tr and some OF the early buyers COM
meuced to let 20. and there was grad
nal decline. Pardridge was free SELL
er through Baldwn-Earnum. Wright
also sold very generally.
rlr
ing The last hour on the small estimate
for tomorrow-lI5 cars-and the Blk eX-
DOrts-I91, 600 bu-in wheat and flour.
The market had been oyersold during
Che previous weakness, ana on these
strong features there was an attempt 10
cover. which sent May up, but prices
weakened later on heavy realizing. ana
The close was about at bottom prices.
The ODenIng was about the same tO15C
higher than Yesterdays closing, ruled
firm and advanced &c more. then de-
cIued @{c, rallied sc, declined 49, C,
and the closing was about sc lower
than Yesterday Tor May and lie lower
[ur July. lt is said that the heavy long
lines have been largely reduced IN the
la5t two days 4 canvass today among
what may be called the active, every
day large operators i'm the wheat pit, to
tGa number OF 70, is said to show thar
Pardridge is short 5,500,0OO Ou on the
board OF trade and 100000 Du on the
open board
There was less animation displayed
no corn, the market keeping within
closer limits. with the volume OF Dusi-
mess smaller and more of local char
Gcttr. The sentiment at the start was
eair.y firm, though initial trades were
Hr @ fractional decline. but sold up &c
soon afterwards when good deal OF
realizing TOOK place; and, wheat turn
ing down. assisted the decline OF 95c.
AT +Sc for NAV, the demand was quite
brisk. and Ihe ear lots for tomorrow
coming I'm light started the crowd to
Uuyiug. under which the early break
was fully recovered, but the advance
9vas not maintained. and at the close
ghe market had fell as095c.
In oats the trading was largely IN the
way OF closing ont spreads by parties
VhO bought oats and sold corn some
time ago at l2C difference. AS the diff
ference has Widened to l27sc they were
anxious TO close up. The mdrketOpened
steady bur weakened s5(alac, and, after
ral.ying L-c. IJ TeCeded and closed al
JCsS of asc.
The dullness and weakness in pro-
visions would indicate that the mani
Vu.aturs on the bull side on the way I'D
,ve largely realized and gotten out OF
The market, leaving the late local buy
ars and the country holders to get out
MT their leisure. This they appear
Go be doing now. With $4,000
n0rs at the wards. the prices
were posted at 50lOc decline. The es-
Innate for Wednesday was larger, at
LOCO hogs. Products opened easier.
made q good rally OF 5MlOc all around