St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1895-01-27
ON The DOWN GRADE
Wheat Continues to Break All
Records for Low
Prices.
OPENED WITH AN ADVANCE,
Cut Free Selling Wiped 1t Out
--Provision Market Is
Steadier.
DAY WAS DULL ON CHAN GF.
1t Was a Disastrous Week
for Railway and Indus
trial Shares

CHICAGO, Jan. &c. Wheat continued
ITS record rcaking slide for oblivion
today, oLchinc SIZE fer May and clos
Ing &c lower than yesterday. R"tfor
cables caused an carly advance, but free
selling wiped ii out. May corn closed
nc lower. Nay Gals unchanged, and
provisions slightly higher.
The wheat market opened i'll a man
ner to encourage the hope that lquida-
ton had run lis course. May. which
closed vest erdav at 80 &c. opened at 54c
bid, with sales at 541155c at the same time.
After hanging around SIC for while 1t
gradually weakened, and about IL
O'Clock it was down to 533Sc, which was
The previous lowest point. The cause
Of the recovery at the opening was an
unexpected gain OF "a in the price OF
futures Of American red winter wheat
ct Liverpool. That started some local
buying, but as soon as that ceased the
dark view of the future again FREEDOM
mated, and the decline reported was the
result Chicago receipts for The day
we're $50 cars, against 50 a year ago.
Minneapolis and Duluth received TO-
gether 300 cars, against 1876 last Satur-
day and $40 year ago. Bradstreets
made the weeks exports of wheat and
flour from both coasts 2.S40,000 Du,
compared with 8, 5G4.OO bu on the week
before and 2,947. 900 bu year ago.
Primary market receipts all told
amounted to 2l2,G00 bu. against 214.G00
bu the previous Saturday and 1867 G0 bu
on the corresponding day OF the year
before. Guesses on the visible supply
for Monday range from 100000 to 7O0.-
co bu decrease. st. Louis shipments Of
wheat this week amount to 5lS,OO0 bu.
Selling became liberal as the session
advanced, May closing at 53c, having
made low price record Of 52Ic.
Tie corn market, compared with
wheat, was firm on fair buying, al
though in the end lower than the cores
bonding time yesterday. May started
at $3.50, OF $sc improvement over night.
Owing to the heavinesS OF wheat, and
some Stacking up in the demand for
shipment, the opening advance could
not he maintained. The closing price
for May was 1890, against 4512c yester-
day.
"A lar business WAS lIdHSdCteu Ill
oats. Values at the start were some
what frmer and gradually eased of,
closing a shade lower, but within very
small fraction of yesterdays last prices.
The steadlness of the cash market and
some demand from the stock were re-
ported as the causes of the early firm
ness and sympathy with wheat in
tuenced the decline. May. sold from
29ISc. the openii e price, TO 291ac. and
closed at 2919@2938c.
The provision market was steadied by
the small receipts Of hogs. Shorts were
the buyers. The range for May pork
was from $3.50 at the opening to $1,000
and back 10 $1,000 at The close. May
lard opened at s6.75, sold down to $G.70
and closed at So. 72119 against $6.G71E,Yes
ierday. Ribs for May started AT s. 90
and left off at $3.50, which was also the
closing price on the day before.
Estimated receipts for Monday:
Wheat, q cars; corn, 1856; oats, 90; hogs,
10000 head. Hogs next week lG5 600.
Theleadlng futures ranged as follows: