The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1898-01-04
MARKET SUMMARY.
FINANCIAL

CHICAGO, Jan. 3.-There was more inter-
est displayed in the annual board of trade
election, which took place today, than in
trading in any Of the grain provision pits
o. Wheat was weak on statistical information
OF that tendency, and closed 1@1Ac lower
Corn lost &c and oats &c of their former
price Provisions were stronger, and closed
9hQ5c higher.
May wheat opened at 92c, which showed
ko decline since Friday. Liverpool showed
]9d decline to begin with, and Northwest re-
ceipts did not by any means suggest an i'm
mediate falling off in volume. Those were
the features in the early news, which appa-
rently created desire to sell at the start
Gnd also eXtinguished for the time being any
inclination to buy. The result was that in
the first thirty minutes trading Nav de-
rhned to 9112, and, even at that price. showed
very little tendency to react for some time
Trading at the best was rather slow. the
interest of traders being conferred on the an
nual election. Chicago receipts were liberal
and the visible supply statement was expected
to be an additional discouraging factor. Min
heapolis and Duluth receipts since last Fri
Jay morning were 912 cars against O26 for
the similar time last week. Chicago received
E4S cars, against 725 a week ago, and 176 the
corresponding day of 1897. The exports from
ali countries last week amounted to 7 72e OOO
bu, against $685. 600 blu the week before
Aliu o'Z1z'VVo the corresponding week of last
year The quantity on ocean passage was
neither increased nor decreased last week
New York reported some foreign buying or
ueIs at Ihe opening, but not enough to have
an influence on prices. There were bids here
lot No. l northern spring wheat for export
Out the holders Of all wheat of that descrin
ton now in Chicago held their property at
prohibitory prices. The visible supply state
ment was even more bearish in its figures
IMAM had been expected. The increase. in
stead OF being about 1,2500OO blu, as looked
ior' was 100000 blu, making the total 3d.
s16'OO0 bu A year ago the visible increased
only 2O8,OOO Blu, but the total was 81 81 600
about the only distinctly buIlish item in the
3ay staustlcal news was the clearances from
Atlantic ports, their amount being equal in
wheat and flour to 1861, 900 blu. Of that New
OFieans contributed in shape of -four Is, 900
Dds The announcement Of these figures in
9ecteu little hrmness into the drooping
market, and May, which in the meantime
had dropped to Gle, reaching that figure about
II O'Clock, recovered slowly to 9112c. 1t de-
cIned again to size, but in the last few min
where it closed.
Corn was heavy at the start and became
still weaker as the session progressed clos
Ing practically at bottom prices. The down
ward tendency of wheat influenced corn, but
the immense receipts 913 cars, were in the
~AAehllA lSSpoLSlule lot lne QecIlne. Tlere was
some country selling both through receiving
houses and elevator people. Buying was scat
tered: May ranged from 295sc to 29c, and
closed 5sc lower at 290291sc. Oats were weak
all day. Longs and elevator concerns were
quite free sellers. The heavy receipts, 1863
cars, had great deal to do with the iiqui-
oation, and sympathy with wheat and corn
was also evident. There was some recovery
Prom the bottom commission house buy
ing, presumably against sales Of corn. May
ranged from 2214c to 22asc, closing Nc lower.
nt frodn In ,ri1tA
The market was decidedly strong and high
er at the start, due to the small hog re-
reipts and higher yard prices. Local longs
and packers sold freely at the opening ad-
vance, and caused a considerable reaction,
but near the end there an increase in
buying orders, and prices took another up
turn. The market closed strong May pork,
1Oc higher at s9.9212; May lard 71ac higher at
34.95, and May ribs &C higher at $4721A. Es-
tmated receipts Tuesday: Wheat $50 cars;
corn, 1,075; oats, ATS: hogs, $4,000 head.
fol