St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1895-01-26
CONTINUED FREE SELLING
Counteracted q Heavy EX-
port Business--Ppovis-
ions FirmeP.
DEPRESSING FOR STOCKS.
Gold Movements Restricted
TransactiOnS--NO Pres
sure to Sell.

CHICAGO, Jan. 25.-Under continued
free selling wheat broke again today.
and III so doing also broke the low
price record, May touching $3.50 and
closing &c lower. The failure OF Will
lam Young & Co. aided i'll the decline.
May corn closed unchanged, July oats
&c lower and provisions at slight adj
vance.
At the opening wheat sold at from &c
to &c decline, as compared with the
closing prices Of the day before. May
was offered at from 5334 to 532s C, and a
large equality changed hands at those
prices. AS on the preceding day of
the week the selling had nothing to do
with any change in the general s!tua-
tion People were selling out their
wheat simply from lack Of ability TO
hold it. A great deal of covering OF
short wheat for local heavy spectators
in the first hour OF the session turned
the market. May recovering under that
influence to 544@5i39c by II o'clock.
There was some run0r Of a heavy ex-
port business at the seaboard, which
helped to bring about the Improvement,
but that was denied little later, and
upon that the market gave in
dications of returning weakness. Fri
mary market receipts were about 2l9,-
600 blu, against POO. 600 bu Oh the CORE
spending day Of week before and 49,
900 bu on the similar week a year ago.
The Liverpool market was quoted OPEN
ing weak and I'D lower, But closing at
I'D recovery from the opening decline.
The export clearanceG of wheat and
-four from the four principal Atlantic
ports were equal to 235,OOO bu. A no
tice was posted coming from William
Young Il Co. ordering all their trades
closed. AS the house was long large
amount of wheat, the selling out
caused a reaction, and the mar
ket went soon to $500. 1t is said that
the embarrassment of the firm was
known TO many at the opening and the
selling out for its account was the true
cause for the early weakness. The mar
ket turned exceedingly weak during the
last hour, liquidation being vigorously
resumed, and May fell to $500, making
q new record soon, but reacted to So &c.
where 1t closed.
The demand for corn was good at
from &c to &c advance Or yesterdays
prices. Through billed corn was less
lively than on the day before, but to 60
to store No. yellow brought 411ac,
while 1870 was the price III store.
Thus the elevator people were paying
lie per bu premium to get the privilege
of storing the corn. Trade in futures
was only fair in amount. May opened
ci,, n
45I@45Tc, dropped back to 454c, and
up again to 1870 at the close. The de-
cline in the middle of the session was in
sympathy with the weakness in wheat.
Oats were fairly active throughout
the session, although trading was scat
tered and principally In small lots. The
early market was considerably easier,
influenced by the weakness III wheat.
The tirmness holding out in the cash
market, however, rallied prices later,
and at the close May was sc over yes
terday's last quotations, shorts buying
to some extent. May sold from 23@
29Ic to 29$4 @29Ic. closing at 293sc.
The provision market opened firm at
little Improvement on Yesterdays
closing quotations. The receipts of
hogs were comparatively small, the
estimates for tomorrow were light.
The buying was prlnclpally by
shorts, and at an advance of from sc to
re. Thus secured there were again free
sellers. The weakness i'll wheat had Its
effect, and about the middle OF the SEES
sion prices had dropped below the clos
ing rates OF the previous day. The lat
est influence upon the market was the
diminishing hog receipts which as
serted itself, having been showed under
for a while, and closing rates were 27ac
higher for May pork and ribs, and nc
higher for May lard. The receipts for
tomorrow are estimated as fellows:
Wheat, SO cars; corn. IT'S cars; oats, IS
cars, and 1000 hogs.
The leading futures ranged as follows: