St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1894-01-14
WHEAT SENT DOWN AGAIN i.
POOR EXPORT DEMAND AND A VERY
LIBERAL SELLING.
STOCK BUSINESS WAS LIGHT.

+ AStrong Bank Statement, Coupled
With a Desire on the Part OF
AHss the Short Interest to Cover,
Ran Prices Up Sharply-The
Wall Street Market Closed
Strong.
CHICAGO, Jan. 13.-The poor export
demand and free selling sent wheat
down again today. May closed with
loss of &c. May corn closed &c lower,
May oats sc lower, and provisions I'm
lshed with pork slightly higher and
lard and ribs little lower.
Wheat started waS with May &c
slower at 65s4c,and under heavy pressure
WeSell began decline which continued
\ With few reactions throughout the ses-
EysiOn.
The weakness was attributed to the
smaller clearances,t the exports of wheat
and flour from both coasts being re-
ported about 100000 bushels smaller
thau the preceding week. The clear
.ances of wheat from the At
lantic ports, however. were little larger
than the proceeding week. The
receipts at primary markets were little
smaller than during the proceeding
week, and operators look for small de-
crease in the visible supply. estimated
at from $1,000 to $780, 900 bu. The report
credited to Beerbohm that the exporta-
ole surplus of wheat was 29,50O.O0O bu
IN excess of the estimated requirements
mr. frin olC i,nh
what of weakening effect on values.
Gables were not encouraging. Export
clearances were small yesterday, and
aggregated 100000 bu of wheat and
Hour, of which no. 900 bu was in flour,
ana $4,000 bu was wheat shipped from
New Orleans. New York reported only
II loads for export, and no shipping
business was done here.
The speculative offerings were fairly
large, and exceeded the demand. Do
mestlc markets were quiet and easier.
Receipts at Duluth and Minneapolis
were Psi cars, against 23S cars yesterday,
5 aud 3l9 cars for the corresponding day
year ago. Local receipts were 100 cars,
and year ago were 157 cars. Kenuett-
hopkins, Schwartz-Dupee, Baldwin,
Farnum and other big traders sold per-
slstently, and May closed but g from
the bottom figures OF the day. May
opened at 65$4c, lost nc, rallied sc, lost
, &c, and rallied sc to close al 65114c.
Corn was moderately active at times,
with the feeling manifested easy, and
. slightly lower prices occurred. The
action of wheat, together with sales by
several prominent operators, were the
principal factors i'll creating depression.
The lack of outside speculative interest
was instrumental in bringing about the
easier Saptimapt ptS uprn thar
heavy, estimates for Mondays receipts
were liberal, and May closed but &c
above the days bottom figures. May
opened &c lower at 3S1sc, advanced &c,
lost sc, aud reacted g to close at 3Sc.
Pressure to sell caused weaker feel
! ing in the oats market. May opened sc
lower at 301Sc and, after advancing &c
on little buying, declined 3sc and
closed at the days bottom figures at
E29Tc.
+ G1he provision market opened active
and lower on the receipts of live hogs
| being 5000 over the estimates, and lower
prices for them. On somewhat limited
offerings the feeling was very steady at
the decline. except that ribs were weak
and comparatively lower than anything
else. On some support to pork by a
prominent packing institution, the de-
cline was recovered. Pork continued
to be more active than anything else,
and. after scoring All advance over yes
/ terday's final figures, reacted to the
opening figures of the day. on the sup
qport being withdrawn and the offerings
a1ittle more free, with lard and ribs
ruling steady. Subsequently a little
bidding sent prices up again, the mar
keJ ruling firm, finally reacting to
limited extent, and closing steady. Com
pared with last night. May pork is sc
higher, May lard loo lower and May
ribs &c lower.
Estimated receipts for Monday:
Wheat. 125 cars; corn, 500 cars; oats,
200 cars; hogs. $1,000.
The leading futures ranged as follows: