The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1898-01-14
MARKET SUMMARY.

CHICAGO Jan. I3.-Wheat today closed at
almost exactly yesterdays final figures Early
weakness caused by a sharp decline at LN-
erpool was overcome later by support from
the Letter crowd and covering by shorts.
Corn and oats, after dull sessions, closed at
substantially unchanged prices. provisions
closed about TIC lower all around.
Weakness was again the most obtrusive
feature of the opening proceedings in the
wheat pit May was for sale at from 9Oc to
9O1kc against $3.50 at the close the day be
fore There were substantial reasons for the
opening decline. The Liverpool market was
sd lower to begin, and little later, ana
still before trading commenced here, the
decline had deepened to a loss of from 1lsd
to I'D per GENITAL. Paris was likewise some
what lower at the opening. The Northwest
ern receipts were 332 cars, against 31S week
ago and III the corresponding day of the
year before. Chicago got 80 cars, against Z
last year. Three carloads of today's Chi
cago receiDts were of contract quality. The
explanation CT the extreme weakness al Liver
pool was that Argentina was offering wheat
very freely. London also cabled that car
goes on passage were very weak. A rise Of
Ac per blu that followed fifteen minutes Of
free selling partly due to fear of COM
plications wi Spain, arising out of the riot
ing said to be prevailing in Havana, and
which caused few timid shorts to cover.
The price of May declined in few minutes
after the opening to S97s@90c, ard then
gradually hardened in tone until 903sc was
realized for or two 5, 0S2 bu lots. Business
was very light and for an hour or more the
alterations in price were merely between Of
ferings at 904c and buyers at the same. The
closing quotations from foreign markets gave
Liverpool at from 5sd to Id decline; Paris
flour unchanged for January, and 10 cen
times higher for March and June. Primary
wheat receipts aggregated 100000 Blu, against
100000 blu a year ago. Shipments from At
lantic and Gulf ports were equal in wheat
and -four together to 900 bu. The effect
of the generally discouraging news was that
prices in the afternoon began to tend down
ward again, with buying support from only
those who had puts, to protect their pur-
chases. Some buying orders from members
of the bull clique changed the complexion CT
the market in the last half hour. May had
previously declined to 90c, but 1t was well
supported at that figure, not only by the
Letter crowd, but also by shorts. The mar
ket gradually rose to 903s@904c, but reacted
to 9G1ac a few minutes before the close, and
was at that figure when the session ended.
Corn was firm in spite of the dulness of
trade, and the early wheat weakness. There
was some country buying, sufficient to take
care OF the oherlngs and buying by those
who had sold calls and found the market
against them was fac,Or later. The range
of prices was narrow. May ranged from 29A
@2S7sc to 29c, and closed a shade higher, at
29Bc. The market for oats was very dull.
There was some tendency for a time toward
eas.ness, though for we'll defined reason,
but this sentiment ultimately queled by
the influence of corn and wheat. There was
nc important trading either way. May ranged
from 233lc to 2S12G239sc, and closed I'M
changed at 1885 @23Ac.
Provisions gradually weakened on increased
offerings from local traders by English
houses. Figures showing heavy increase in
packing for the week had a bearish influence
At the close May pork was 71Ac lower, at
Ss421@; May lard, TIC lower, al $4.T1a, and
May ribs, TIC lower, at s4721a. Estimated
receipts for Friday: Wheat, 80 cars; corn,
40; oats, 20; hogs. $4,000 head.
The leading futures ranged as follows: