St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1895-01-28
On The DOWN GRADE
Wheat Continues to Break All
Records for Low
Prices.
OPENED WITH AN ADVANCE,
But Free Selling Wiped 1t Out
provision Market Is
Steadier.
III
DAY WAS DULL ON CHANGE.
1t Was a Disastrous Week
for Railway and Indus
trial Shares.
DAY WAS DULL ON CHANGE.

CHICAGO, Jan. 2G. Wheat continued
its record breaking slide for oblivion
today, touching 5255c for May and clcs-
Ing sc lower than yesterday. Better
cables caused an early advance, but free
selling wiped 1t out. May corn closed
&c lower. May oats unchanged ana
provisions slightly higher.
The wheat market opened i'll MAN.
ner to encourage the hope that liQulda-
lion had run its course. May. when
closed Yesterday at 50 sc. opened at 54c
bid, with sales at 81 Is C at the same time.
After hanging around SIC for while it
gradually weakened, and about II
o'clock it was down to $500, which was
The previous lowest point. The cause
IF the recovery at the opening was an
unexpected gain of "a in the price OF
futures Of American red winter wheat
ut Liverpool. That started some local
huving, but as soon as that ceased the
lark view Of the future again FREEDOM
mated and the decline reported was the
result. Chicago receipts for the day
were $50 cars, against 50 year ago.
Minneapolis and Duluth received to-
Iether 22O cars. against 1856 last Satur-
day and 149 year ago. Bradstreets
made the weeks exports of wheat and
-four from both coasts 2,S40,0O0 blu,
compared with 9, $4,000 bu on the week
before and 2,947, 600 bu year ago.
Primary market receipts all told
amounted TO 2l2,000 bu. against 2l4, 600
blu the previous Saturday and 1861 bu
an the corresponding day of the year
before. Guesses on the visible supply
for Monday range from 100000 to 700.-
QUO bu decrease. st. Louis shipments OF
wheat this week amount to $4,000 Du
Selling became liberal as the session
advanced, May closing at 53c, having
made low price record of 52Tc.
The corn market, compared with
wheat, was firm OH fair buying, al
though in the end lower than the CORES
bonding time yesterday. May started
ht 4555c, or 58c improvement over night.
Owing to the heaviness Of wheat, and
some Stacking up in the demand for
shipment, the opening advance could
not be maintained. The closing price
for May was $3.50, against 451ac yester-
hay.
pats. Values at the start were some
what frmer and gradually eased off,
closing a shade lower, but within very
small traction 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
huenced the decline. May sold from
k9Xc, the opening price, 10 2915c. and
closed at 1913 1293sc:
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 to SlG.G5 at the close. May
lard opened at 81. IS, sold down to 500
md closed at $6.72114 against Sc 6713 yes
gerday. Ribs for May started at IS 60
and left off at $3.50, which was also the
closing price on the day before.
Estimated receipts for Monday:
Wheat, 81 cars; corn, 1856; oats. 90; hogs,
$4,000 head. Hogs next week 10000.
Theieadlng futures ranged as follows: