The Saint Paul globe., 1899-01-31
MAY SLIGHTLY LOWER

CHICAGO, Jan. 30.-Speculators in wheat
today were very much in favor OF lower
price for that commodity. They sod freely.
both when wheat was strong and when,
through their own efforts. it became some
what weak. The market however, stood the
pressure remarkably vel, and at the close
only lsc decline had been effected In May.
Corn ana oats each left off sc lower. Pork
lost 7lsc, lard sc and ribs 212Q9c.
Wheat started very irregularly at 1sc above
to 14c below SStul days cosing figure, for the
May future. The very cold weather had some
influence upon those who were 50 wiling
to pay advance. and lower quotations from
Liverpoo, with an expected increase In the
visible Appealed to those who were willing u
sell. The later were in the majority and
May. that rtarted all the way from 7l3s 70
7Sc, dec inel quickly to 77&c At this hgure
the selling pressure s,ackened and as there
was fresh focd of crop damage reports, to-
gether with enormous c.earances at the sea
board, cary sellers hastened to cover, send
ing May up to 773sQ7Sc.
Chicago receipts were 96 cars, against co
a year ago and Minneapolis and Duluth got
7I6 carloads, as compared with S4S last yeal
and AIS the corresponding day a year ago.
The worlds shipments of wheat and -four to
Europe for the week amounted to 7,150,00o bu.
with tendency on the part of Russia to In,
crease her output. The amount on ocean pas
sage was 4S0,000 bu more than it was a
week ago. and the result of the weeks do
meStc stock taking was an increase of 310,-
COO bu in the visible. The total of the lat
5000 600 bu smaller than at the CORE, ,ponding
paIiod of the previous year. Primary West
ern market receipts aggregated 949, 600 bu,
against coo year ago. The clearances OF
wheat and flour from Atlantic ports, excu-
sive of Galveston. was loss, 900 bu Liverpoo.
closed %d%d lower for futures and Paris
showed q decline of 10GD15 centimes. The
government crop report expected after the
close of the session, caused some selling in
anticipation OF its containing something bear
ish. Beerbohm's, late in the day, sent
cablegram saying the correct worlds ship
ments of wheat and -four should be called
5000 coo. On receipt OF this piece of news
holders began TO lose confidence again and
season of free LIQUIDATION set in. under which
May declined to 76%c and closed at 76%c.
Cold weather was a bearsh argument in
corn. Some heavy shorts were supposed to
be covering in a cautious way on the de-
clines The selling became pronounced near
the end. May opened ls0DAc higher at $3.50
SS%c, declined to 9Sc and c.osed at 3SQ3SNc,
buyers.
Longs continued to take profits in oats
and this. coupled with the easiness of The
other markets. caused decline. May opened
a shade higher at 2S5sc, touched 2S5s@2s&c
and declined to 2S1s@2SAc at the c,ose
The declining tendency OF the grain mar
kets near the end Of the session had a de-
pressing effect in provisions and induced sell
ing enough to wipe out an cary advance. A
small run of hogs and higher prices at the
yard were the Strengthening influences. May
pork opened &c up at $1065 sold at S10.671h
of to Sl0.5O and closed at $1052h, buyers.
May lard began 212c higher at 5.971k, declined
to s5S714 and c,osed at $50, sellers. May
ribs started DC better at $3.50 weakened to
S.1712q520 and closed at So 20G5. .221h
Estimated receipts for Tuesday: Wheat, 1870
cars; corn, 1000 cars; oats $40 cars; hogs,
10000 head
The leading futures ranged as follows: