The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1897-01-26
HALF-CEQT LOWER
CHICAGO WHEAT OPENED FIRM,
BUT CLOSED AT A NET
LOSS.
OULLNESS LARGELY TO BLAME
DECLINE WOULD HAVE BEEN
GREATER BUT FOR IMI'END-
ING CROP REPORT.
sULL1.H NEWS ITEMS OVERLOOKED
Comparatively Small Decrease In the
Amount on Passage Regarded
as an Important Factor.

CHICAGO, Jan. 25.-The opening of the
wheat market today was at a slight ad-
vance, the close at a 13c decline since Sat
urday The loss would perhaps have been
somewhat greater if it had not been that
some of the traders at almost the last moment
decided it unwise to leave the floor short
with a government report to be encountered
tomorrow. Other markets were dull and
heavy, but show trihing changes in prices.
Wheat opened very quietly. May, which Sat
urday closed at S01kc, started this morning at
S0Ac, or about Lice higher, the extreme
limit, at which a few buyers were found.
The slight improvement here noticed was
because of 14d advance at Liverpool, together
with the severe cold, which so suddenly
supplanted the previously prevailing spring
like weather But the extreme dizziness,
coupled with the rather unsatisfactory tone
of the days statistical news depressed
the price to 1850. The demand for cash
wheat entirely lacking, and in the alb
senee of such demand, the small worlds ship
ments and domestic receipts and a consider
able reduction in the visible supply were
disregarded. A comparatively small decrease
in the amount on ocean passage was regard
ed as an important bearish factor, and an
increase of 900 blu in Liverpool stocks
for the week were also considered of much
greater consequence than 249 900 blu decrease
in the entire stock Of the United Kingdom.
The receipts here were 80 cars, compared
with 50 g year ago. Minneapolis and Duluth
received 1877 cars, against S13 week ago and
724 cars on the corresponding day Of last
year. The worlds shipments of wheat and
flour were 4.059,000 bu, compared with week
ly requirements Of 100000 The visible de-
creased 1,164, 600 bu, compared with 465 900
Blu decrease a year ago. The export clearanceS
from Atlantic ports since Saturday were only
155, 900 bu in wheat and -four together. The
price here got down TO 9A079%c, but firmed
up again near the close, due to an indis-
position among some few scalpers to go home
short with the uncertainties of the Wash
ngton agricultural report hanging over them.
The closing price was 791a9799sc.
Corn was inactive and nearly featureless.
The price held about steady during the first
hour, but when wheat got easier after the
visible increased 10000 May opened a
shade higher at 24c, fuctuated with a &c
margin and closed easily at 237sc. Oats were
quiet, with nothing of any consequence to
report fol the market Trading rather
limited and entirely of a local scalping nat
ure. slight decline noted, due to SYM
pathy with wheat May opened a shade high
and closed at 17Aq17Rc bid. Provisions were
very slow. There was momentary strength
at the opening the moderate hog re-
ceipts, but the market soon flattened out and
greater part Of the day prices tended down.
ward. Near the close, some covering by
shorts produced a reaction and most of the
early loss was recovered at the close. May
pork was TIC lower at $S.0212; May lard a
shade lower at $40. Estimates: Wheat A
cars; corn, 4S0 cars; oats, 325; hogs, q 900
head.
The leading futures ranged as follows.