The representative. [volume] (St. Paul, Minn.) 1893-1901, 1895-01-16


CHICAGO, Jan. H-Wheat was easier
despite the Increase in the visible supply,
and closed &c lower for May, influenced by
liberal selling. May corn closed &c lower;
May oats Nc lower, and provisions finished
with but little change.
Wheat started easy in tone at nc decline
Trade was not brisk, but the preponder-
ance of orders from outside was to sell,
and the local crowd observing that were in
hurry to square themselves with The ap-
parent drift of outside opinion. The news
of the day, with the exception of an in
crease in the 100000 bu in the quantity
on ocean passage, for the United States
and continent was builisn. May, which
opened at 52laclo23sc, declined in the first
hour to 5SlsG5SAc, ana showed hut little
inclination to react until after the publ
cation of the visible supply statement,
which, being construed bulishly, caused
recovery to 5S3sd5S1ac, which was,
however, followed by decline. The visi-
bic supply increased 1,271,OOO blu, which
was about as generally looked for by
conservative bulls. Outside of the regular
market news was a despatch 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 259,OOO blu, against
263.OOO blu on Monday last and 1870 bu a
year ago. Chicago got 80 cars, Minneapo-
lis 22l, and Duluth 80. The two last places
fell short 30 cars of their receipts at the
corresponding time last year. Clearances
from the Atlantic ports and New Orleans
amounted in wheat and flour to 24O, 900 bu,
or which $1,000 was wheat. The foreign
markets were firm. London quoted whea t
and flour at Cd per quarter and Sd per
sack respectively higher. Paris was a
shade higher for wheat and flour, and Ber-
lin reported an advance of 1@1N marks.
Mlllers in Ontario, Canada, were reported
as bidding Tic f. o. b. at Buffalo for some
Manitoba wheat which is held in bond
there, originally intended for shipment for
Europe. The market showed tendency to-
ward recovery near the emu. May closed at
5Sasc.
The corn market was without special
features of it's own. 1t followed in a lazy
way the course of wheat. but it's fiuctu-
atoms were confined within a narrower
limit. The cut in railroad rates to the
East continued to be commented upon
hopefully by those who desire to see prices
advance. Receipts at Chicago were 2l9
cars. of which only three were contract
grade For tomorrow the estimated re-
celpts are 415 cars. May opened at 4SAc,
ana 4ossc was paid for a limited quantity.
After that the market ruled weak. having
declined to 4Sc, it was with difficulty raised
1sc over that again, but only to go still
lower near the close. Also being quoted
WITHIN few minutes of the end. May
closed at 4Sc
In oats business was quiet. Early in the
day some little inquiry existed which, with
the influence of corn could be credited to
the slight strength noticeable then. Later,
however. the disposition principally to
SELL and as corn also weakened oats did
likewise, remaining during the greater
part of the rest of the session. May start
ed at 31lsc sold to 314c, and declined to
301sc, where 1t closed
Provisions were dull but steady. Hog
receipts exceeded the estimates, but prices
at the yards We're higher and that made a
speculative market. Fluctuations were mar
and there was little trading either
way. May pork closed 21ac higher, and
May lard and ribs unchanged.
The leading futures ranged as follows:
Open High LowCios-