St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1896-01-17
COULDN'T KEEP IT
GRAIN AND PROVISIONS OPEN
HIGHER, BUT NOT TO STAY
THERE.
WHEAT AND CORN RECEDE.
INCREASE IN PRICES ABROAD
CAUSED BY A REDUCED
SUPPLY.
CONsOLs BREAK THE RECORD.
Provisions Make Strong Advances
and Retain Part of Them, With
Large Business.
CONsOLs BREAK THE RECORD.

Il CHICAGO, Jan. 16.-Everything started on
1.-The jump today. taking the cue from provi-
sions, but the high jinks ended with the first
hour of the session. The grain markets cut
loose from the lead of provisions for the latter
persisted in holding on to some of the ad-
vance. Wheat, corn and oats dropped all of
the advance, and about nc all around be-
sides. Pork closed 171ac, lard 121hc and ribs
15c higher.
Wheat opened active, first quotations for
y being at G0G60Bc, or trife higher than
the closing yesterday. rise of from A@1sd
in Liverpool at the opening was reported, with
another advance in the course Of the day
bringing it up from I'D to Id, the gain being
due TO improved demand and light offerings,
|, IT was said. The European political outlook,
sf judged from value of English consols was
eminently peaceful, those securities being up
to 10TH, the highest price they ever
q quoted at. Export clearances from the Allan
= tic seaboard were equal in wheat and flour to
435, 900 blu. But there seemed to be good deal
of apprehension in regard to the business and
financial outlook and operators complain
ing of the difficulty in making loans at the
banks, which tended to check the speculative
impulse. Minneapolis reported that stocks Of
wheat there had increased 100000 blu in three
days. and would probably show increase of
300, 600 bu for the week. Paris quoted firm, at
shade higher, for flour and wheat as before
-Derln came IL marks higher for near months
and ~ marks higher for the more remote
The price worked back in the course Of
an hour and half to 59z@60c and from about
IL o'clock to within forty-fve minutes of the
close the trading done for the most part at
one or the other of those prices, or at the
split between. 1t rose to 60kc again on some
buying, thought to be for foreign account and
closed at $3.50.
Corn opened strong, and trading was brisk
for an hour, but following the other mar
kets 1t became dull, and easier feeling was
the predominating feature during the remain
der Of the session. May opened 1sc higher at
Csc, dropped back to 2SBc and held to that I'M
'til about an hour from the close, when it slid
en- another 1sc to 28Ac, and showed no dispo-
sltion to get up again. The biggest estimate
for tomorrow caused further reduction, and
the latest trading at 287sc, the lowest
point of the days range.
fair general business was doing in oats
The market was higher early in sympathy with
corn and wheat, and declined later for the
same reason. The close was 1sc off from yes
terday on May and &c on July. May opened
fractionaly higher at from 20l201sc, sold to
1870 and closed at that.
Provisions opened with a boom, which
reached it's lOudest reverberation about thirty
minutes from the opening. The hog receipts
Scontinue small, and prices fuctuated rather
wildly. While the early advance was not all
maintained to the end enough of it was to
send the shorts home anxious. Compared
and business were immense. May pork opened
at from $1O.1212 to 5000, advanced to so 10 and
closed at $l0.1112. May lard started at $5.S5,
and rose rapidly to $5.971a, selling off again,
and closing at $5.921a. May ribs opened at
from sos TO $5.10, improved to $500 and closed
at $5.121a65.15.
Estimates: Wheat 62 cars; corn, 725 cars;
oats, 200 cars; hogs, $4,000.
The leading luiures ranged follows: