The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1898-01-18
MARKET SUMMARY.
FINANCIAL.

CHICAGO, Jan. 17.-Wheat, though dull.
was firm all through today's session, and
showed 2s@12c advance at the close. Firm
ness at Liverpool. a large visible decrease
and a growing disbelief in a large Argentine
exportable surplus all contributed to the
strength Corn was weak and closed a shade
lower. Oats showed a slight closing advance,
and provisions left off unchanged to DC
higher.
Influential news of any kind scarce
at the opening in wheat. The unexpected
frmness developed at Liverpool was the most
prominent feature. The course of that mar
ket attracted a great deal of attention, and
was directly the cause of the opening ad-
vance here and a fruitful source of comfort
to the bulls throughout the session. Open
ing prices for May ranged from 90Ac to 9O7sc,
against Saturdays final price of 901ac. A
little realizing by scalpers caused a momen-
tary drop to S05s@90a4c, which proved the low
point of the day. Then moderate but steady
buying carried the price slowly upward, and
about noon 9l1sc was bid. Liverpool showed
from Sg1d advance at the opening here, al
though 1t had started at slight decline, and
that advance was in the main held to the
close. New York house reported bids re-
ceived from Mannheim, Germany, and Ant
werp, Belgium, for wheat at prices &c above
what they were willing to pay a few days
ago. Argentina wheat is usually shipped
heavily to those countries, and 1t was in
ferred that offers from the South American
country were falling off, That was given as
the explanation of the strength at Liverpool
also. Receipts at Minneapolis and Duluth
today were 535 cars, against 534 the Monday
previous and 313 a year ago. Chicago re-
ceJved q cars, only three of which were con-
tract. The visible decreased 1,O25, 900 bu,
leaving the total at 37S3S, 900 bu, against
1,4l3,0OO bu decrease, and total of o. 459 900
bu at the similar time last year. The big
decrease lent additional strength to the mar
ket. Worlds shipments of wheat and -four
last week were officially reported at 7,OO7, 900
blu, without any from India The previous
week they were 4,S50,G0 blu, and a year ago
4,I32,G0O bu. The days domestic exports of
wheat and flour from Atlantic ports equalled
$4,000 bu. During the last hours trading
little realizing was done sufficient to cause
a reaction to 90B@91c, the market closing
steadS at that price.
Corn was very dull. The market during
the morning inclined to frmness in sym-
pathy with wheat. Later in the session mod
crate selling pressure developed and in the
almost total absence of support prices were
easily depressed. The close was weak. Nav
ranged from 291sc to 2S7sc, and closed a shade
lower at 2S7s@29c. Oats were fairly active
for while after the opening. and a firm
feeling existed, the buying being chiefly in
fuenced by the wheat ffrmness. There was a
good demand for New York account The
market became quite dull toward the close
but prices held steady. May ranged from
2 2A to 2S9sc, and closed a shade higher at
Trading in provisions was of moderate vol
ume and mostly at advance Cudahy was
good buyer during the morning and this
and few outside orders caused some adj
vance. Realizing quite free later and q
reaction took place. At the close Nav nori-
was DC higher at $40, May lard UNCHANGED
at $40 and May ribs 21Ac higher at $4.76.
The leading futures ranged as follows.