The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1899-01-06
WHEAT FILL SHARPLY

CHICAGO. Jan. 5.-0utside support was
lacking today and wave of local bear,sh
sentiment caused sharp declines in both
gain and provisions. May wheat closed
@5kc lower: corn and oats lost sc each;
pork l5c; lard 1Odl2i4c and ribs 71%GlOc.
Wheat STATED firm, but very dull, with
few orders from outside. The frmness was
only mon,Cntary. ECweve-, fer good desl
of wheat called d the closed yesterday had
fallen ir-O weak ards and was for sale the
instan; the price Showed hesitation. As iong
the market was left in the control OF local
professionals. the tendency was downward.
May. which opsncd lsc higher. at 1lSsGIlAc,
was hammered down 20 3GAe, before there
was any symptoms OF recuper2t.on. The re-
c0vscy was brought around by buying o,d RS
commencing 20 tumble in from outside
sources, induced apparently by tie threat
ened cold weather damage to winter whset
and repoI Is OF heavy export from Atlantic
ports. The foreign buying became SO PEI
sistent that shorts were forced TO cover and
May was gradually BID up to Use. Liver
Iool was I'D higher and receipts were COM
para;iyoly small. Chicago receiving l04 cars,
o. wnich only enc car g; AIDED contract Ar
rivals IN the Northwest were AL cars, COM
pared with so a week ago. and $40 for the
corresl oadins day last year
The SaipmeatS of whea; ard -four from At
lahtir ard gulf ports were heavy, aggregat-
ing 1,0lT.0c0 bu. s.. Lcuis wired that good
led wiz ter VIII l, there was very scarce and
that rs9cr,s from the country described wheat
i'll the fields looking very bad. New York
reported q gCcd continental demand for
wheat and 20 boatoads sold for export.
Under sucn .niiusnces, the market held fairly
steady, until within half hour of the
close wen buying from outside subsided.
Then some LEGAL SPECTATORS hcoded the pit
with lCrg wheat and also sold for the short
account. The market became quite heavy
under this pressure ana May was forced
down to 70asM70Slc and closed at 10Ac.
Improvement in the weather, which was
favo able for large movement in the coun-
try weakened corn. Receipts "a primary
points were large and clearances moderate.
ts,erday buyers turned sellers as the de-
mand was not sufficient to absorb the Of
ward. The want CT Skipping facilities was
also a weakening factor, much corn
bought fer expert could H.; be forwarded for
lack of cars. Receipts were 5f2 cars. May
opened &c lower at 37ssG37i2c. gradually
declined to $3.50 ard closed at 367sQS7c bid
The declines in the leading grains and
POOR cash demand caused a heavy feel ng
numerous selling orders from the country
caused sharp decline in prices. Receipts
were light. 12S ears. May began unchanged
a. 27Mc and sold off to 211sc, the closing
price.
There was more or less liquidation in pro
visions particularly by certain traders in
four As the market started out handicapped
the coarse grains prices Were forced off all
around. The demand for products was slow.
May pork opened a shade lower. AT $40. i2126
1915. and declined to Sl0.3a. May lard be-
gan unchanged al $5.S5l5.Si12 ard sod OFF TO
$40 May ribs started a shade higher, at
S5-15G5.17l5. ard declined to $5.05.
Estimated receipts for Friday: Wheat. -
IS 0GQ head.
The !eadiug futures ranged as follows: