St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1895-01-09
BULLS LOST nerve.
After a Rise of Half q Cent
Wheat Took a Small
Drop.
TOO HEAVY REALIZING.
Other Grains Show Little
Change From Opening
Figures.
SPECULATION AT LOW EBB.
First Prices in Stocks a Fpac-
ton Higher--Reaction
Follows.
SPECULATION AT LOW EBB.

CHICAGO, Jan. S.-After selling up
&c OH the expectation Of decrease in
the worlds visible, small receipts and
fair exports, wheat lost its advance on
realizing today, May closing unchanged.
May corn and oats also closed un-
changed and provisions finished slight
ly higher.
There was nothing very encouraging
for the bulls Ill the early news regard
ing the wheat situation, and yet the
sentiment had turned in favor of the
holders With the English markets
easier, Liverpool quoted from I'd to
I'D lower, and the Northwestern re-
ceipts, although light. still slightly in
excess Of those of last year, the market
here was firmer at the opening and
gathered more strength as the trading
progressed. The total of the receipts
at primary markets was $1,000 Du.
against POI, 900 OIL the similar week
a year ago; export clearances were 2l4,-
GIL bu of wheat and the equivalent of
172,000 bu i'll the shape of flour.
The exporting countries of the
world, including the United
States and Canada, put afiOat
100000 bushels last week. CONT
mental markets were quoted firm and
somewhat higher at the opening and
were shade lower at the close. Liver
pool also sold firm and with an upward
tendency according to a private cable
gram. Some business for export was
Il /
at New York. but kilograms from New
York said that spot wheat was hard to
get, and was bringing &c premium over
May for No. 2 red. which restricted
business. The most favorable item to
the bulls was the expectation of large
decrease in the worlds visible. These
constituted the principal items of the
days news, upon which the heavy
scaIpers alternately bought and sold.
Business OF any other sort was light.
The price of May, which hung around
5Sc, size and 5S1sc for half an hour at
the start. gradually improved to $500,
but by 1915 O'Clock had worked down
again to 5S1zc. There was free realiz-
ing near the finish and May sold down
to 5Sc, where it closed.
Corn was very dull, and for the most
part worked up or down, according as
wheat was strong or weak. 1t opened
a shade under the value it closed at yes
terday, at 473s9471ac for May, and after
declining to 41$gc for second or tWo,it
improved by about the middle of the
session to 47%c. Later in the day, when
wheat became weak, corn followed the
funeral in a morning coach, and re-
turned TO about the starting point. The
receipts were 554 cars, but for tomorrow
$50 are all that are looked for, and the
latter expectation prevented the market
going q ute as far in a beariSh direction
as wheat encouraged it 10 go. The
closing price for May was 4719c, which
was bid.
Oats were only fairly active and fell
off shade in value owing to quite Tree
offerings and continued disposition on
the part of buyers to mold back. Later,
however. the developing strength Ill
corn was very forward in creating a
similar feeling in oats. The demand
improved considerably with great
many orders from the outside. The
market remained firm right up to the
close. MAY started at 30%@309lc; sold at
3035c up to gle and closed at 30$1c bid.
Provisions were in the main firm, sus-
tanned by good speculative buy
lug The opening was at slight
declines on the liberal hog re
ceipts, and after narrow fluctuations
May pork showed a gam at the hnisn or
re. May lard showed loss OF 212c.
and May ribs closed unchanged.
The leading futures ranged AS follows: