St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1894-02-01
TWAS A DULL MARKET.
TIE GRAIN MARKET YESTERDAY WAS
VERY DULL.
WHEAT WAS MUCH uNsETTAED

May Corn and Oats Unchanged
and Provisions Slightly High
er - Wheat Went Up and
Down, Finally Closing Slightly
Lower Than the Close of the
Previous Day.
CHICAGO, Jan. S1.-The feature of tho
grain market today was the extreme
dizziness ana the narrow range of prices.
Wheat went down under weak cables.
reacted ON little buying, declined
again on poor exports and closed sc
lower after tluctuating within sc
range. May corn and oats are I'M
changed, and provisions Slightly higher
all around.
Wheat began the day with a tired
feeling and at decline of &c from yes
terday'S Closing price for May, at 63@5c.
Cables were unsatisfactory Liverpool
was lower, and private cablegramS were
diScOuraging. There was rumor that
the Austrian government was contem-
plating increasing the duty on flour to
z francs. AdvieeS also received that
Argentine wheat is being offered freely
on the other side. But with all the
beariSh news, the market held up
steadily. The receipts in the North
west were only moderate, and the re-
ports that millers' supplies of wheat are
getting low are attracting some atten-
ton. Stocks in country elevators. too.
are decreasing, which fact is being
watched by spectators, thinking that
the result of light deliveries at country
Elevators will soon be evident by
smaller receipts at Duluth and Mime
apOlis. A little buying caused by an
advance in cash wheat at Minneapolis
sent prices up to yesterdays closing
figure after May had dropped sc under
the opening price. There was not sui
ficient demand, however, to maintain
the advance, and on the export clear
anceS another decline followed. Fluc-
tIations were narrow, however, and
May closed but sc from the days top
figures at 63$4e. May opened at 6S5Sc,
declined sc, advanced sc. reacted15c,
advanced Is C and closed at $3.50
In corn only a moderate speculative
trade was witnessed, the market cover
Ing a very narrow range, with opera
tIOns confined to room transfers. A
comparatively steady feeling existed,
and the undertOne was rather more
firm. Receipts were slightly under the
estimate, and this helped to sustain
prices. The market opened a little
easier with wheat on the bright wealth
er, and sold off a fraction further when
good demand sprang up for May
around So and the price rallied
15@4c, ruled steady and closed at the
days top figures.
There was steady market for oats.
with fair trade. There was moderate
selling by longs. but not enough to ma
terlally affect prices. The available
supply decreased $4,000 bushels, which
helped hold uD prices. May opened &c
lower at 1890, advanced 18c, and closed
at the top at 2yBc.
Some strength was developed in the
speculative market for provisions early
on little support accorded to it by two
prominent commission houses and a
packing Institution, one of which was
rather free seller yesterday. Prices
were unchanged at the opening, and
then advanced steadily for a time with
only slight reactions. A fairly steady
feeling prevailed later on an improve
nent IN the demand for shipment and
the report that there would be falling
Oft III the receipts of live hogs in the
near future. There was, however.
very little doing except a squirt of activ-
ity just before the ehd of the session.
the market advancing to a moderate
extent and closing near the TOD figures
OF the day. COMPARED with last night,
May pork is 121sc higher, May lard nc
higher, and May ribs re higher
Estimated receipts for tomorrow:
" heat, 10 cars; corn, $50 cars; oats. 95
cars; hogs, 20 goo head.
The leading futures ranged as follows: