St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1896-01-14
lost IT'S STRENGTH.
%HEAT GOT FAIR START, BUT
WAS UNABLE TO HOLD
UP.
VISIBLE ON THE DECREASE,
\ sUT RECEIPTS ARE KEEPING TOO
LARGE AND THE PRICE GOES
DOWN.
GEARS IN FULL POSSESSION.
torn Not Especially Active-Provis-
ions Grow Weaker Us the Hogs
Become More Numerous.

CHICAGO. Jan. 13-The continued large
Northwest receipts, with immediate pros
pects of a decline, gave a decidedly bearish
lone to the close in wheat today, May clos
Ing at SOC fiat, loss of PC from Saturday.
Corn and oats closed weak and Ac lower,
while pork lost zoe, lard 10c and ribs TIC.
Wheat started weak. and the first impulse
was to sell the market off on the higher con-
Bols and the more pacific political news. and
The first trade was at $3.50, or Ac under the
close of Saturday. But Liverpool cables
quoted wheat firm on poor crop prospects in
India, and there were reports here from Cal
lfornia that dry weather was threatening the
crop there. This with the expectation of a
large decrease in the visible, set the trade
10 buying rather freely, and brought about an
early advance. In an hour from the opening
May had risen to $685. 6D59%c. The Black Sea
ports shipped only 49, 900 blu last week, and
the total shipments from all countries, includ-
Ing those from this country and Canada,
were 5,6SO,OO0 blu. against estimated weekly
requirements of 100000 blu, - shortage for
the week Of 1000 900 bu
The visible supply figures began early in the
day to indicate a larger decrease than had
been generally expected. Minneapolis in
creased only 10000 blu, Notwithstanding her
: heavy receipts last week. and the increase at
Duluth was only 114,00O blu, and New York
showed a decrease of 922. 600 blu. The total
decrease as finally ascertained was $4,000 blu.
The Atlantic port exports Of wheat and flour
amounted to GOO bu, and it was reported
from New York that 81, SOC, 900 in gold had
pOme in there by a steamer of the French line.
But as the shorts had covered very generously
during the last week. there was little or no
covering, and with heavy deliveries in the
Northwest and at primary points generally,
the selling became liberal both on short ac-
count and in liquidation, and there was a
steady decline. The local bears had full con-
troll near the end, and decline to 597s059c
was the result
Corn showed no marked activity The lib
eral deliveries good roads in the country
and the weakness in wheat had a depressing
effect May sold from 281ac to 2S5sc, split to
RS140282sc, closing quiet and easy at 28Ac.
Oats were quiet. Sympathy with the other
markets was the only cause of the weakness.
May opened &c higher at 1870, slid at 1890,
declined to 1890 and closed easy at the bottom
figure.
On the big hogs receipts provisions were
weak at the opening, and increased in weak
ness as the session progressed. Some little
reaction took place near the close leaving
The last prices little above the bottom of the
hays range. Pork for May reacted at a de-
PINE OF zoe; lard. 121ac lower and ribs have
lost TIC of their Saturdays closing value
Estimates-Wheat, 100; corn, 257; oats, 31s
ears; hogs, q, 600.
The leading futures ranged as follows: