St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1894-01-29
4 GOOD DEAL OF POUNDING,
BUT WHEAT STOOD Up md MADE A
SLIGHT kDgAECE.
P00R BusuNESs D0NGIN STOCKS.

Hardly Enough Transactions TO
Constitute a Market-A Few
Shares OF New England, West-
ern Union, Sugar and St. Paul
Dealt In - Firm Opening
Prices.
CHICAGO, Jan. 27.-Wheat stood up
against good deal of pounding in the
pit and a vast amount of tongue ham
mering on the outside today. ami was
Still in good shape at IS c advance when
time was called at the close. Corn
acted weak. and lost about slice per
busheI Of its former value. Provisions
averaged iirmer and closed at slightly
better prices.
There was no Indication that any
thing would occur to lift the wheat
market out of the rut of the last two
weeks. The routine news of the session
was mostly bulish. The receipts at
most points were light, the exports bet
ter than expected; the weather and
crop news was favorable 10 buySrS.
Ofsetting this was the whipped
condition of the bulls, the doubt
about the increase in stocks and
the adverse prospect in France. The
public cable was sd lower for Liver
pool partly owing. no doubt, to the
French resolution asking the Sudden
Increase in the duty Oh grain. The de-
crease OF H., 600 bu in and atioat for
Europe was Disappointing. The increase
in Australian stocks was nearly 2,00d.
600. Chicago stacks of wheat will i'll
crease again considerably. On the other
hand, local receipts were but 81 cars;
Northwestern receipts but 149. against
5l4 cars year ago. Reports covering
Indiana, Illinois, Missouri, Kansas and
Nebraska say that high winds have
caused bare fields and damage reports
TO wheat likely to follow. This was
confirmed 10y reports to the Modern
Miller, 81. Louis. The dispatches indl-
Gated that fifty boat loads of wheat
worked for export all points yesterday,
but there was no enthusiasm and only a
narrow market. The May price started
at G3$4 4G325c, with an up turn to 63Isc
Tor uUmeut, dip to 63%S163$4c, and
10 little change for all hour following.
The wheat trade got no help from any
quarter late in the session and closed at
'ip low point at 6328c, or sc over last
night.
4Grre was enough reaction in corn 10
entirely wipe out the advance or We'd
nesday and Thursday. The early sales
were 3S$sc .>then off to 3Sc with no rally
better tnan 3S1sc to the last half hour
HE receipts were on tire increase again
and tlle Il I'm
cut rates naturally acted against the
market. This was especially true when
the estimate for Monday was raised to
$40 cars. On this the break to 3Sc oc-
CURED. January was quoted at 3S&c,
July 3S%l and the feeling was quite
heavy. Dispatches reporting only 10
and and 20 cars day loading on sew
eral hundred miles OF road in Iowa,
where the average loadings are 30 to 15
cars day, had little influence with the
trade, Ill view Of The big estimate for
Monday.
The iIade in oats was unsettled, prices
being slightly higher for a time, but
afterwards easing off. The close was
steady at the same as yesterday for
May.
In the pork market the offerings were
somewhat free and prices started at 215c
decline from yesterdays closing, tol-
lowed by further drop Of sc without
any support. Two or three orders then
came in, when the market reacted to
tie opening price. Some strength was
subsequently developed on the packers
buying, with d brief spell of activity,
prices advancing re, but ultimately
declining to that extent, one Of those who
had bought Offering the market down,
followed by an Improvement of nc.
At the close the figures were the same
as those at the same time yesterday.
Lard was featureless, and the market
closed steady at 500 for May, an ad-
vance OF 213c over the close Of yester-
day. Ribs, on very light buying, ad-
vanced 715c for the day, May closing at
S6.10.
Estimated receipts for Monday:
Wheat, - ears; corn. 80 cars; oats, 50
cars; hogs, 81, 900 head.
HE leading futures ranged as follows: