St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1895-01-15
ALL WANTED TO SELL )
Movement So General as to
Cause Quite a Decline
in Wheat.
BULLS WERE STAMPEDED
In Spite Of the Decrease
Shown in the Visible
Provisions Steady.
STOCKS WERE IRREGULAR,
A Sharp Break in Gas Trust
Shares Being the Fea-
ture Of the Day.

CHICAGO, Jan. 14.-Wheat was easier,
despite the decrease in the visible sup
ply, and closed &c lower for May, intiu-
enced by liberal selling. May corn
closed &c lower, May oats &c lower,
and provisions finished with but little
change.
Wheat started easy in tone and at &c
decline Trade was not brisk, but the
preponderance of orders from outside
was to sell, and the local crowd, observ-
ing that, were in hurry to square
themselves with the apparent drift OF
outside opinion. The news Of the day.
with the exception of an increase of
100000 bu in the quantity on ocean
passage for the United Kingdom and
continent, was builiSh. May, which
opened at 5S19@585ac, declined in the
first hour to 5SA(@5S1l. and showed
but little inclination to react un-
til after the publication of the
visible supply statement. which.
being construed bullishly, caused
recovery to 56350561lc, which was,
however. followed by another decline.
The visible supply decreased 1,27l, 900
bushels, which was about as generally
looked for by the conservative bulls.
Outside of the regular market news was
dispatch copied from the New York
World stating that owing to Scorching
winds in Australia wheat was being cut
for hay. Receipts at primary markets
amounted to $4,000 bushels against
100000 bushels on Monday last and 49,
600 bushels year ago. Chicago got 80
Minneapolis 23l and Duluth 800. The
two last-named places fell short 50 cars
of their receipts at the corresponding
time last year. Clearances from the At
lantic ports and New Orleans amounted
in wheat and flour to 240.00 bushels, of
which IS, 900 bushels was wheat. The
foreign markets were firm. London
quoted wheat and flour Cd per quarter
and 81 per sack respectively higher
Paris was a Shade higher for wheat and
flour, and Berlin reported an advance
from = to ID mark. Millers in Ontario
and Canada were reported as bidding Tic
f. o. b. at Buffalo for some Manitoba
wheat which is held in bond there, orig
inally intended for shipment to Europe.
The market had tendency toward re-
covery near the end. May closed at
$500.
Corn market was without special feat
ures OF its oWn.lt followed in Il lazy way
the coarse of wheat, but its fluctuations
We're confined within narrower limit.
The cut in rail rates to the East contin-
ued to be commented upon hopefully
By those who desire to see prices adj
vance. Receipts at Chicago were 2l9
cars, of which three only were of the
contract grade. For tomorrow the esti-
mated receipts are 4l5 cars. May opened
at 4S14c. and 1890 was paid for limit
Ell quantity. After that the market
ruled weak as a rule. and having de-
clined TO 4Sc, it was with difficulty
raised a. over that again. but only to
go still lower near the close, 4719c being
quoted within Il few minutes of the end.
May closed at 4Sc.
In oats business was quiet. Early in
which, with the i tiuence of corn, could
he credited TO the slight strength notice
able then. Later, however, the dis
position was principally to sell, and as
corn also weakened, oats did likewise,
remaining SO during the greater part of
the rest of the session. May started at
Bis C, sold to 81 &c and declined TO 30Tc,
where it closed.
Provisions were very dull but steady.
hog receipts exceeded the estimates.
but prices at the yards were higher,
andthat aided the speculative market.
Fluctuations were higher, and there
was little trading either way. May
pork closed 2Hc higher, and May lard
and ribs unchanged.
The leading futures ranged as follows: