St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1894-01-17

CHICAGO. Jan. IG.-Wheat again
broke the low record for May today,
touching 644c. Weak English cables
and lack of confirmation of the bond
issue rumOr were responsible for the sc
decline, but good export clearance and
some buying caused reaction, an
May closed but sc lower than yester
day. May corn is unchanged. May oats
sc lower. and provisions slightly lower
after an early advance.
Wheat opened weak, with May sc
lower, and Immediately began decline
which ended with May at 6S1Ic, The
early decline was attributed To the fact
that there was 20 confirmation of lhe
bond issue by the government and the
decline and weak tone OF the English
markets. Private cables also repeated
that the English markets were weak,
owing to cheap offerings of wheat from
Argentine The shipments from East
ern European, Battle, South Amer
lean and Australian ports were
smaller. While this might nat
urally be considered a bull feature,
it attracted only little attention
in the way of price making
factor Local stocks showed an increase
1888, Geo bu, against 6,992.0J0 bu year
ago. The export clearanceS were mod
crate, and aggregated 81, 900 bu IN
wheat and flour, of which 223, 900 bu
were in flour. The bear traders sold
freely, but the wheat was absorbed, and
the buying, combined with the fair eX-
ports and higher prices at Paris, caused
a reaction. May closing steady, sc
above the days bottom figures. May
opened at G5lsc. declined sc, reacted
&c, and closed at 641sc.
In corn there was a very moderate
business, the market ruling rather quiet
all day, with price changes limited to
Ease range. There was somewhat
Steauier tone, and values averaged a
tritle higher. Offerings were not free,
some of the long lines being llQuidated
while the demand was considerably i'm.
proved, few of the prominent shorts
covering. Exports were large, and re-
ceipts were under the estimate, helping
corn to resist the influence of the weak
ness in wheat. May opened unchanged
at 57$4c. sold up sc, lost &c, AMI re-
acted Is C 10 the close at 37$4c.
There was a liberal general trade in
oats early, and aspeciclly around the in
side figures. \ good deal of long stuff
came out, but it was all taken by shorts,
and as other grains reacted oats fol
lowed. closing but sc from the days
top figures. May opened unchanged at
29I5c. and after losing or the weakness
i'll wheat &c, reacted 35c to the close at
$3.50, -
Provisions opened strong and higher
on hog receipts One-third less than the
estimate and an advance in prices at the
yards. An early decline was caused by
the weakness in wheat and free selling,
but good buying caused a reaction.
Selling on the runOr that tOmorrow'S
receipts will be largely in excess of the
estimate caused a break at the finish,
and the closing prices were at the inside
figures of the day. Compared with last
hight, May pork is &c lower. May lard
21zc lower, and May ribs sc lower.
There was d good Inquiry for vessel
room TO load corn for Buffalo at 2$$sc and
for Kingston at 3$lc, and several char
tiers have been MADE.
Estimated receipts for tomorrow:
Wheat, 102 cars; corn, $40 cars; oats,
115 carSr hogs, $4,000.
The leading futures ranged as follows: