St. Paul daily globe., 1895-12-16
GRAIN SLIPS AWAY.
E.uEAT, CORN AND OATS ARE
SELLING CHEAPER EVERY
DAY
INCREASE IN THE VISIBLE.
PREDICTION THAT 1T WILL BE
Much LARGER THAN A
WEEK AGO.
a REDUCED STOCK OF CORN.
Cats Sell Mt Lower Prices Than N
A:;y Time for Thirty-Three
Years.

CHICAGO. Dec 14.-Prices of grain
took another tumble today. Compar-
ed with yesterdays closing prices the
May delivery of wheat is i2c lower,
corn Ssc and oats Sc lower. Corn and
oats appeared to have no bottom;
traders talked 26c for May corn and
loo for oats. Wheat did not seem so en-
tirely bereft of friends. The covering
purchases by shorts in provisions caus-
ed comparative strength and some ad-
vance in prices
Weakness was still the prevailing
feeling when the wheat market opened
and ii did not change materially all
day. 1t was expected that last week s
decrease i'll the visible, instead of the
heavy increase which had been looked
for, would all be explained on Monday
by an increase OF 2.OUO,0UD bushels or
over for the present week. 1t was con-
tended that 10 cargOeS were on Satur
day last still in the holds of vessels in
Buffalo h3rbor, which had been count
ed out or the visible last week because
the railroad company there had orders
TO forward il. and that a large proper
ton OF that would reappear this week
4 seaboard points. 1t was claimed
that with an increase for the week, as
expected at Minneapolis and Duluth,
OF '2ATGeG bushels. and a probable in
crease of lp0OU00 bushels at New \ Ork,
there could net be otherwise than over
2O1OOUJ bushels net increase in the Visi-
't4S- II was EOlllSN Oul, tlOMc McNtl, lllesl
arguing from just such premises a
week ago, the trade went far astray.
There was nothing disturbing in the
routine news, but in the selling, led by
Linn. the price tended downward from
start 10 finish. May sold early a 60Ssc
and was beng maintained with appar-
enJ difficulty at 60c as the session was
drawing to a close.
Receivers received today liberal re-
SponSeS to the corn offers they wired
1lg lhTS in Tha
the prospective heavier receipts thus
indicated seemed to set everyone to
selling who wished to earn dollar out
of the article. Although the stocks
bushels are of the contract grade A
year ago, when the price of May corn
was 4SlsC, the stock here was 100000
bushels and the price now is zoe per
hu&hel less. The exports for the week
were 2,S9l 600 bushels or more than .
0gJ,ON bushels in excess of the weeks
shipments year ago. The days re-
ceiDtS We're 525 cars and 600 cars are
expected Monday. May corn was very
weak and declined sc per bushel De
cember lost sc and January Ac.
There was heavy trade in oats and
the session from beginning to end was
very active. During the early part of
the day the feeling was comparatively
firm. Buying was good and all offer
mss taken up readily. Later, however,
the weakness in wheat, together with
Increased offerings, caused a decline,
and the record for 80 years was broken
by May selling al 19c. Yesterday 1850
was the closing price. The cash mar
ket was also weak. Receipts exceeded
yesterdays estimate by los cars.
Provisions showed a little strength
because the days run of hogs was 16,-
090 head instead of 22O09, as estimated.
Perhaps the principal cause of the
moderate advance with which the mar
ket closed was that John Cudahy and
some other shorts thought we'll of COW
ertng some. Compared with yester-
days closing prices May pork is 71ac
higher. Lard and ribs are each sc up.
The leading futures ranged as fol.
lows: