St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1894-01-12

Stock Market Remarkably Dull,
and Only Professional Traders
Participated in Yesterdays
Trans& ctions-Heavy Tone Pre-
vailed, and the Entire List
Lower-Bond Market Weak.
CmCAGo Jan. ll.-Free selling and
weaker cables sent wheat down 11Sc
today. After an early advance sone
buying caused a reaction. and May
closed sc lower than yesterday. May
corn and oats are each Is &tL.c lower.
Provisions with free realizing lost con-
siderable OF their yesterdays advance,
and closed lower ali around.
Wheat opened higher, with May &c
up to G63lc. BaldWin-Farnum were
vigorous sellers at the start, and prices
soon declined. At the decline, however,
Logan Il Co., SchWartZ-Dupee and
others began taking short wheat. AMI
Murray, Nelson < Co. bought 100000 5u.
supposedly for Armour. The sealpers
Immediately climbed into the buyers
band wagon, and reaction occurred
which carried May 10 sc below the
opening figures. The advance could
not be long maintained. however, in the
face OF the lower cables, and the prices
Rgaih began to decline. Chicago re-
ceIpts We're light. but Minneapolis and
Duluth were heavier than last year.
During the remainder of the session
there was plenty of wheat for sale, and
the decline continued with few reac-
lions until the close.
available supply of wheat, showing
only 1900 bu on the Pacific coast, in
stead of 200 coo bu as reported. and
making the net decrease 372, 600 bu.
This caused temporary advance. as
did also the export clearanceS, which
amounted in wheat and Hour to $50. 900
bu. Closing cables were lower, and
May closed but sc from the bottom fig
ureS of the day. Nav opened &c higher
at $3.50. declined 3sc, advanced &c and
declined l1sc, rallylng &c to close at
&C.
Corn opened firm, with May I'M
changed at 3S35c. Alter reacting &c. it
advanced &c on covering by shorts. and
held Steady until wheat broke. That
and liberal estimates for tnmorrow'S res
ceiptS caused a reaction of &c. Cables
were lower and held prices down, May
closing al IS sc at the bottom figures of
the day.
Oats experienced a fair trade. May
opened sc higher at 30}5c, then weak
ened ON lair selling and, in sympathy
with wheat and corn. declining &c. \
little buying rear tie finish caused a
rally OF re. bur May closed but 3 cfron
The day ) lowest cures at seize.
Provisions opened strong and imme-
diGteiy advanced OH the filing Of few
outside OIders. There was, however, a
disposition to realize by those of the To-
cal operators who had bought at or near
the inside prices of yesterday, with 4
liberal break as Il result. This was con-
trIOuted to, to some extent, by the Cincin-
nall Price Currents estimate that the
pork backing for the season ending
March l would exceed the figures for
the same time last year by about 100000
Subsequently, moderate buying by the
general trade sent the market up again,
and part OF the early decline was re-
covered. Later the market ruled weak
and lower on free realizing. the absence
OF support and HE break IN wheat, clos
ing near the inside prices of the day.
Compared with last night, May pork is
35c lower, May lard 15c lower and May
ribs 1870 lower.
Estimated receipts for tomorrow:
WHEAT, ~ cars; corn, 500 cars; oats, 206
cars; hogs, $1,000.
The leading futures ranged as follows: