St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1894-01-18

CHICAGO, Jan. 17.-HeavinesS was
the feature in today'S wheat market,
and May closed g lower after weak
opening ana a decline on free offerings,
areaction followed with fair buying, but
Bradstreet'S increase in stocks caused a
drop in which the gain was lost. May
corn closed 1sc higher. May oats sc
higher and provisions lower all around.
Wheat opened weak, with May &c
lower at 64Ssc. and further loss of sc
was soon scored. The weakness was
caused by unfayorable market advices
from abroad and general lack of sup
port. Northwestern receipts larger
than last years were also responsible to
some extent for the decline. Some of
the larger traders were "bearing" the
market, and their free offerings were
against prices. At the decline, how
ever, the,e was some pretty fair buying.
COttrell. Champlin and some of the
minor shorts covered a good deal of
wheat at the low prices and
a recovery followed. Prices held
fairly steady until Bradstreet's
report OF stocks was received.
which again hal "bearSh" effect and
helped 10 carry prices back TO almost
bottom figures. Bradsreet's reported
an increase of l,045,0O0 bushels east of
the Rocky mountains and decrease of
2S4,000 bushels west, leaving net increase
76l,0o0 bushels. Australian stock in
creased 100000 bushels. Stocks afloat
for and in Europe decreased 1854, 900
bushels, making net increase of 1.27L000
bushels. The export cleaIances were
fair and aggregated 526. 900 bushels. of
which 279.0U0 bushels was in flour and
$4,000 bushels was wheat shipped from
New Orleans. The clearances, with a
little buying at the end of the session,
caused slight reaction. and May closed
steady 4 C above the days bottom fig
ures. May declined sc after opening,
advancing 12@}5e, eased off $6@1ac and
closed at 6415c.
There was not much doing in the corn
market, ruling very quiet with the trad
ing at no time active. a very steady
tone was displayed, but the range as a
whole did not vary materially from that
of yesterday. Present receipts are a
little more moderate, todays arrivals
being 333 ears, and IomorroW'S placed
at 367 cars. and had a tendency to steady
values. May opened sc lower at 3735c,
declined Sc. advanced &c and reacted
115c 10 close at size.
There was fair trade IN May oats,
but the other months were quiet. The
feeling at the opening was unsettled,
owing TO the break in wheat, and first
sales Wfre at &c range and at 15G914c
below yesterdays close. \ better teel-
ing developed later; prices advanced
sc and closed steady at about the top,
with May at 2915c.
Provisions opened weak and slightly
lower on the run of live hogs al the
yards being i'll excess of the estimates,
with reported liberal receipts through
out the West. The packers were the
principal sellers, the offerings being a
little more free, but not large. On some
coverings by a few shorts" prices
firmed up TO a limired extent, to break
away again Oh increased offerings. Sub
sequently the market became irregular,
especially for pork, fuctuating fire.
Quently within Il moderate range, in re-
Spouse TO tie corresponding action of
wheat, with the tendency downwards
The buying of pork later ON by prom
lnent broker, and the filling of a few
orders that came in. caused d temporary
reaction, but the tone of the market was
weak, as 1t eaSrd of again to limited
extent and closed near the inside prices
OF the day. Compared with last night.
May pork IS @115c lower, May lard 15c
lower and May ribs 15c lower.
Estimated receipts for tomorrow
Wheat, l33 cars; corn, 367 cars oats, 100
cars; hogs. 81, COO head.
The leading futures ranged as follows