St. Paul daily globe., 1895-12-15
WHEAT, CORN AND OATS ARE
SELLING CHEAPER EVERY
DAY so
INCREASE IN THE VISIBLE.
PREDICTION THAT 1T WILL HE
MUCH LARGER THAN A.
WEEK AGO. 70
A REDUCED STOCK OF CORN.
Oats Sell at Lower Prices Than mt
Any 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 12c lower,
corn sc and oats 5sc lower. Corn and
traders talked 26c for May corn and
15c for oats. Wheat did not seem so en-
tirely bereft of friends The covering
purchases by shorts in provisions cauS-
ed comparati tive strength and some ad-
vance in prices.
Weakness was still the prevailing
feeling when the wheat market opened
and 1t did not change materially all
day. 1t was expected that last weeks
decrease in the visible, instead of the
heavy increase which had been looked
for, would all be explained on Monday
by an increase of 100000 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 harbor, which had been count
ed out of the visible last week because
the railroad company there had orders
to forward 1T, and that a large proper
ton of that would reappear this week
at seaboard points. 1t was claimed
that with an Increase for the week, as
expected at Minneapolis and Duluth,
of 2,DO,OOO bushels. and a probable in
crease of 1,000,G00 bushels at New York,
2,0OO.OO0 bushels net increase in the visi-
bic. 1t was pointed out, however, that
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 to finish. May sold early at 603sc
and was beng maintained with appar
ent difficulty at 6Cc as the session was
drawing to a close. ~.
Receivers received today liberal re-
sponses to the corn offers they wired
to dealers in the country yesterday and
the. prospective heavier receipts thus
indicated seemed to set everyone to
of the article. Although the stocks
here are only 100000 bushels, AGO, 600
bushels are of the contract grade. A
year ago, when the price of May corn
was; 4S1sc, the stock here was 1,6OO,O
bushels and the price now is 20c per
bushel less. The exports for the week
were 2,391, 600 bushels or more than q
OQo,0GO bushels in excess Of the weeks
shipments a year ago. The days re-
ceipts were 525 cars and geo cars are
expected Monday. May corn was very
weak and declined 3sc per bushel. De-
cember lost 1sc 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
ings taken up readily. Later, howeverS
the weakness in wheat, together with
increased offerings, caused decline,
and the record for SO years was broken
by May selling at 19c Yesterday 1880
was the closing price. The cash mar,
ket was also weak. Receipts exceeded
yesterdays estimate by 10S cars. ~
Provisions showed a little strength
because the days run of hogs was 1b,-
600 head instead of $4,000, 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 well of coV-
ering some. Compared with yestef-!
days closing prices May pork is ne
higher. Lard and ribs are each SC UP.
The leading futures ranged as fol-
:.