The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1898-01-11

CHICAGO, Jan. 10.-Heaviness character
lied all the grain and provision markets to-
day Wheat was affected most by the weak
cables, and closed &c lower than the final
figures of Saturday. Corn declined A@asc.
Oats closed &c lower and provisions regis
tered declines ranging from TIC to 10c.
Wheat opened weak at from u to sc below
Saturdays closing prices. 1t held firm dur
ing the greater part of the forenoon at about
the starting price. First trades for May de-
livery were made at from 90bc to 90a4c, as
against 913sc at the close S aturday The
range from that time up to the publication
of the visible supply statement from sic
down to 905sc. The visible showed only Al, 900
blu increase and as high 200, 600 bu hay
ing been mentioned as not an improbable
quantity for its increase, some buying was
induced by it, but it too limited to have
any really material effect. The early drop in
price was due primarily to I'd decline at
Liverpool, and slightly easier quotations from
Paris, helped also by receipts in the North
west much heavier than could be regarded
hopefully by the bulls. Minneapolis and Du-
luth received 534 cars, compared with 361
the corresponding day of last year. Chicago
received 40 cars, compared with 20 a year
ago. Of todays inspection only four were
contract. Worlds shipments to Europe were
officially reported at 4,S49 GOO bu; but the
comparative smallness of the figures evil
IDENTIFY had effect on the foreign markets
It, however, caused May to rally to 91@91Bc
from around 9O5sc, but the market slowly
sagged again. Liverpool Corn Trade News
cablegram said that an official Russian report
made wheat show a deficiency of So, OO0 0O0 bu,
compared with the previous years CROP rye
1850 600 blu shortage, and oats 1O4, 0O0, GOO.
That great deficiency in production of the,
country which, after the United States pro-
duces more grain for export than any other
in the world, caused scarcely a ripple of
curiosity here. The Atlantic port exports
for the day were equal to $780, 600 bu. The
English visible supply decreased 215O00 bu
The total United Kingdom stocks at the
principal ports compiled Jan. l. showed
since they were previously made up Oct l.
an increase of 440 600 blu wheat and 81 700
sacks of flour. The closing quotations in
foreign markets suggested greater heaviness
than there was any visible reason for at this
distance. Liverpool closed at a decline for
the day of from sd to Id; Paris from so to
6O centfmes lower for -four and % confines
TO 20 centimes down for wheat The market
became quite weak toward the end. Up to
within half an hour from the close May sold
around 9O3sc, but the weak closing cables
caused renewed selling, which, coming on
an unwilling market, caused further break
to 9Oasc May offered at 9O1bc at the
close.
Corn was very slow. 1t was also weak
without any fresh reason for being So sym
Iatny WIN wheat Delng apparently the only
reason for the decline. Elevator people were
moderate sellers Buying was scattered and
unimportant. May ranged from 29Hc to 29c
and closed A@a5c lower at &c. Oats were
weak from the start. The feature was the
unexpectedly large increase in the visible
2,4S5,OO blu, due to the arrival at the sea-
board Of oats started East In December The
visible figures caused general selling. in
which outsiders participated, but the Houida-
ton ceased when the explanation Of the in
crease was given. May ranged from 23&4 to
2S12c, and closed Csc lower at 231ac
Provisions were duh and heavy Liberal
receipts of hogs started the market wax.
Little support was given the market either
by local packers or from the outside. and
selling by commission houses and scalpers
easily pressed prices further down. At the
close May pork was 10c lower at So 321b. Nav
lard 71kc lower at $3.50, and May ribs NC
Wheat, IS cars; corn, 800 cars; oats, 435 cars:
hogs &c. 600 head N'
The leading futures ranged as follows.