St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1894-01-13
DULL AND NARROW MARKET
LOVER CASLES AND EXPECTED M
CREASE IN RECEIPTS.
PROVISIONS WERE QUIET.

Influences in the New York Spec
ulaCive Mind Were the Pros
pect of Coming the Ire asury
Silver Seigniorage. the Issuing
OF Bonds, and the Gold Export
Question.
CHICAGO, Jan. 12.-Extreme dizziness
and narrow fluctuations were the feat
nreS of the grain markets today. Lower
cables and an expected increase in
Northwestern receipts sent wheat down
after an early advance, but good clear
anceS and some buying caused a reac-
lion, and May closed but sc lower than
yesterday. May corn closed sc higher.
May oats unchanged, and provisions
slightly lower all around.
Wheat was quiet, and fluctuations
were confined TO range of &c. May
opened sc lower at 66c. On rather free
offerings al the start there was a slight
drop, but there were buyers for the
wheat thrown on the market, and prices
advanced. The advance could not
be long maintained. however, in the
face of the diScouraging early
news. Cables were generally lower.
The mild weather was against the mar
ket and aided in the decline Receipts
here were light, Chicago getting but ~
ears against 3I4 year ago. Northwest
ern receipts were also less than last
year, but this news was more than Off
set by rumOrS that receipts in the North
west Will increase largely for the next
week. Trades were very few, but such
as were made showed steady decline
until May touched 653lc. Then there
was reaction which almost 0veIcame
the previous loss. The advance was
caused by the export clearanceS, which
from the four principal Atlantic ports
amounted 10 400 900 bu in wheat and
Hour Closing cables came weak and
lower, and they, with the rumor of ali
excess of 30,0JOC00 bu over the require
ments of the importing countries TO the
end of the present season, prevented
further advance, and May closed mid
way between the top and bottom figures
Of the day at 66c. May opened at &c,
lost sc, sold up sc, lost &c, reacted &c
and closed easy at the opening figures.
Coma very moderate speculation
trade occurred in the corn market, which
held fairly steady all day Speculative
offerings were less free, while the de-
mand, especially for the near deliveries,
was considerably increased. There APP
peared TO be gOud-SiZeu buying orders
in the market for May around 3S16c,
parties who sold at higher figures being
anxious to buy back. May opened an
changed at 3S15c. and, after advancing
&c on buying, reacted to the opening
figures, and then advanced sc to 3S14c,
where it closed, fluctuations having held
within i C range.
In oats there was a fair trade and a
weaker feeling early, prices Teceding
slightly on free off rings, but later re-
acted 15@35c OH buying by Capt. Phil
lips, and closed steady. Receipts were
POP cars, with 200 ears expected tomor-
row. May opened IS lower at 301Sc,
lost sc, advanced sc. and reacted &c
10 close at 3514c, fluctuations having
been confined TO Il &c range.
Provisions were quiet. The general
Zone was weak in response to the de-
eline in live hogs at the yards and es-
.imated liberal receipts for tomorrow.
The filling of few orders at the OPEN
ing caused slight advance, but as soon
as this was done the market Sagged off,
1Ork and lard being carried down by
ihe break in ribs OH the packing insti-
hutton that had bought the day before
yesterday selling out. A nrmer feeling
prevailed later. especially for lard, but
here was not much doing, and shortly
before the close the market became
weak and lower. and so closed. Com
pared with last night, May pork is IOc
over, May lard sc lower and May ribs
nc lower.
Estimates receipts for tomorrow
Wheat, 50 cars; corn, $40 cars: oats, 200
:ars; hogs. 24,JO0.
Theleading futures ranged as follows: