The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1899-01-08
WHEAT WAS WEAKER

CHICAGO, Jan. Liquidation by outsid-
ers today, together with heavy foreign mar
kets, weakened wheat Under the influence
oil immense exports for the week the market
ruled strong the greater portion of the ses-
sion, but finally succumbed to the persist
ent selling and May closed 1sc lower Corn
advanced 9sQ@c; oats gained Nc; pork lost
&C; lard and rios improved 21ac each.
Wheat gave Signs OF revival at the start.
May opened ls4Ac higher. The weeks snip
ments to foreign countries were enormous,
amounting IN wheat and -four to $3.50, O0) bu,
compared with 3,e41, 900 blu the correspond ing
S Meek year ago. Bradstreet's made some
pu,hsh comparisons between the present mar
ket supply OF wheat in the world with what
" was IN former years, and the much smaller
s sh,s now IN store, which created favor
ape impression. Vast quantities of Ing
wheat had been sod in the last two days,
ana the market IN consequence was Very
susceptible to bullish influences. Shorts were
inclined TO cover. and May vas BID up an
otner traction, reaching 703sc About this
Tune outside orders began tumbling into the
PIT, and as there was no individually alb eut
the puytng,' May sigged quickly to 69Ac.
receipts were 11S cars, Of which graded
contract Minneapolis and Duluth repor.ea
6ls carloads, compared with sos the weak
before and 357 for the corresponding 6ay a
year ago. The export clearanc. Of Wheat
ana hour from Atlantic ports were on lie 8
n Hy scale amounting to only 423,00o blu.
Continental markets were lower and LIVER
POOL showed I'D decline. The domestic Wis
lp-e supply last Monday was 27C00,cOO blu.
against, SO, 600, 900 bu year ago, and a COED,
sized decrease was expected to be SHOWN
Monday as having taken place during this
week. This expectation STRENGTHENED the
market and under its sustaining influence
may gradually worked up to 7O1s0705sc.
ABOUT half on homr from the close outside
selling orders again became numerous. and
as the weak-hearted bulls were lcath to sup
port the slight advantage they had gained.
May was allowed to sip off to 69Nc once
more. In the last-few minutes trading there
was few slight fluctuations but Nav finally
closed at 6s7s@70e, buyers.
Ldght country offerings and a good ship
ping demand strengthened corn. Receipts
were largeIo4G cars-but, under agg1e sive
tanned throughout the. session. May opened
Ac higher, weakened Cor a moment to $500
S sss then a advanced to S71sc. That figure
privileges resulted ina setback to SIC. sci
ers, at the close ~
good cash demand and light receipts
helped oats: Elevator interests bought free
ly, and. with the exception OF q sliaht DIP
early ON some commission house selling, the
market ruled strong and prices were well
maintained. May ope1ed, &c higher at 271s
aaAe, soid "a at 27ssc, edvanced to z7lac, and
AS consequence of yesterdays heavy nqui-
cation, provisions Opened weak. Larger re-
celpts at the yards was also pressing
factor. At the decline there was a good in
vestment buying, and prices rose little all
around. May pork opened shade lower at
S9.yoqlo, Declined ito IS. SO, rallied to s10.0'h
and closed at s9.9 May lard began trifs
down at 5.60Q5 .623k, sold off to $5.571h, then
rose to $3.50, the closing price. May ribs
started unchanged lat IS, sod at &. 02iA
weakened to 81 IS, Them ffrmed up to S., self,
ers at the close.
cars: corn, zoo cars; oats, It's cars; hogs,
$4,000 head.
The leading futures ranged as follows:
Open. High Low Clos