St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1894-01-15
WHEAT SENT DOWN AGAIN.
poor EXPORT DEMAND AND A VERY
LIBERAL SELLING.
STOCK BUSINESS WAS LIGHT.


the Short Interest to Cover,
Ran Prices Up Sharpiy-The
Wall Street Market Closed
Strong.
CHICAGO, Jan. 13.-The poor exp ort
demand and free selling sent wheat
down again today. May closed with
May oats g lower, and provisions TN
ished with pork slightly higher and
lard and ribs little lower.
Wheat started weak with MAY &c
lower at 65$4c.and under heavy pressure
to sell began decline which continued
with few reactions throughout tine ses-
sion.
The weakness was attributed to the
smaller clearances,th exports of wheat
and flour from both coasts being re-
ported about 100000 bushels smaller
than 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 a small de-
crease in the visible supply, estimated
at from 100000 to 10000 bu. The report
credited to Beerbohm that the exporta-
Die surplus of wheat was 29.500.OO0 bu
in excess of the estimated requirements
OF Importing countries, also had some
what OF weakening effect on values.
Cables were not encouraging. Export
clearances were small yesterday, and
aggregated 100000 bu of wheat aud
flour, of which 10000 bu was in flour,
and $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
mestic markets were quiet and easier.
Receipts at Duluth and Minneapolis
were PSI cars, against 23S cars yesterday,
and 3l9 cars for the corresponding day a
year ago. Local receipts were 120 cars,
and year ago were 157 cars. Kennett-
hopkins, SchwartZ-Dupee, Baldwin,
Farnum and other big traders sold per-
siStentlY, and May closed but &c from
the bottom figures of the day. May
opened at 6594c, lost &c, rallied 11s5c, lost
re. and rallied sc TO close al 65Lc.
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 in creating depression.
The lack Of outside speculative interest
was instrumental in bringing about the
easier sentiment. Receipts were rather
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, and reacted g TO close at $50.
Pressure to sell caused a weaker feel
ing i'll the oats market May opened &c
lower at 3015c and, after advancing &c
OH a little buying, declined 35c and
closed at the days bottom figures ut
29Ic.
he 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
port being Withdrawn and the offerings
IL little more free, with lard and ribs
ruling steady. Subsequently a little
bidding sent prices up again. the mar
ket ruling firm, finally reacting to
limited extent, and closing steady. Com
pared with last night. May pork is sc
higher, May lard 10c lower and May
ribs Sc lower.
Estimated receipts for Monday:
Wheat. l25 cars; corn, 500 cars; oats,
200 cars; hogs, 1900.
The leading futures ranged as follows: