The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1898-01-19

CHICAGO, Jan. 1S-For the third day in
succession wheat Influenced almost en-
tirely by Liverpool. The sharp advance in
that market a result of unfavorable Argen-
tine and India news caused an opening ad-
vance here of nc in May, and that advance
was also shown at the close. A feature was
the buying of July by the bull clique brokers
and an advance of PC in that option. Corn
and oats were dull and shade lower. Pro-
visions made small advance and had the
best trade in a week.
Wheat got a good send-off from the early
cable news. May was wanted at from $3.50
to sic at the opening, against 907sGD91c at
the close Of the previous day. The Liverpool
quotations advanced ed per Genital
over night, and the reason given for it COM
prised several items of considerable impor-
lance. The poorer crop prospects in India
were mentioned the chief item. Heavy
rains in Argentina were reported to be I'M
favorable for wheat. and the continent was
said to be takeing the arrived cargoes off
coast in the United Kingdom. London car
goes on passage and off coast 3@4d higher
The only discord in the foreign music was
that Paris reported 5 centimes reduction in
the price of -four and 10 centimes in wheat
Minneapolis and Duluth receipts were $50
cars, against 366 the week before, and 26S
the similar day of 1897. Chicago got 62 cars,
TWO of which were contract. Advices from the
Northwest were to the effect that with splen-
did roads farmers were delivering very little
and country elevators were being gradually
emptied by inducements being offered in the
way of premiums for cash wheat over flu
lures Considerable activity was impaired to
the dealings in July by the buying of that
future by Allen-Greer against sales for May
The operation was supposed to represent the
taking in of spreads for group of st. Louis
spectators. July opened at Sic and was ad-
Vanced to S2Ac by the undoing of the St.
Louis spreads, and May, which did not get
above 91%@91%c, dropped back to 91asc,
while July was making the rise. Bradstreet's
report of the worlds visible made a decrease
OF So, 600 bu in stocl,s east of the Rockies
and 100000 blu decrease in and afioat for
Europe. The reduction the corresponding
day week Of last year was 1900, 600 bu The
market weakened that showing of small
reduction in Europe, Notwithstanding the
diminishing worlds shipments during the last
lew weeks. The Liverpool market closed
with some of its early advance wiped out.
and that also helped to undo the bullish SEN
tment that had ruled the proceedings I'D to
IL CLOCK. Primary market receipts were 346
DO bu, against 205,3S3 blu the year before
Atlantic seaboard clearances of wheat and
nour were equal to $4,000 bu. July sold at
to 9l34c, rallied and closed at 91A@911kc.
Corn was dull and prices late in the day
were inclined to drag. The market early
was firm at a slight advance, due princi-
paiiy to sympathy with wheat. The exceed
fngly light business and the big visible in
crease, 22S7, 600 Blu, caused some decline, and
the market closed weak. New York reported
fair shipping demand May ranged from
2Sssc 10 2SAq2Ssc, and closed kc lower, at
ZoA Q2S1sc Oats kept within a very mar
row range. The market was firm during the
early part OF the session, but reacted later
ana closed easy. Sympathy with wheat and
the visible increase of 769 O00 blu were factors.
Elevator people were fair buyers of Nav
Many ranged from 234 @23Mc to 23skc and
closed shade lower at 2S5sc
A good trade was done in provisions espe
elally during the morning A small run of
t hogs encouraged buyers and the higher open
ing prices caused covering by heavy shorts.
Packers We're good buyers. There was some me-
S Sef the from the high points realizing
higher at SO. 45@9.471h; May lard a shade
nfgaer, at %.15, and May ribs, TIC higher,
M " nea % cars; corn 215; oats, 100; hogs.
The leading futureS rapood -.