The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1899-01-13
NHElTC CLOSED LOWER
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close Day.

CHICAGO Jan. l2.-The reports OF heavy
crop of wheat of 600; quality in the Argen
tina, broke the confidence OF the holders OF
whca, he-e tcday and robbed the market oil
its gain made c.riier in the session May
COS rg lsc loss. Corn and oats eft on
shade higher Pork declined sc and ard and
rits 2I.c each.
There was enough bu.iish feeling among
traders carried oN- from YESTERDAY to start
wheel strong, although The general situation
beio.e tus-neSs began suggested downward
CouIs>. LiN erpooi cables cam on y IA N ga
e., ard P.ice Current spoke OF the prospects
for winter wheat more eGcourag.ngly. ohe
point Of the early news concern ng dones-
TIC receipts was Interpreted taioi ably
Northwest receipts we've quite moderate,
40 cars, against AL for the same day last
week, and SS2 for the c-rresponding day last
year. Chicago received las cars. OF which
shade lowec at 70?s97lc. and as the market
began 10 show strength, shorts tooA frlSht
and covered. AS there was very little 1ol
sac competit On soon he.ped the prices and
A private message from leading local
trader who is abroad reported Russia
canceing rye sales and declared that France
was a buyer of wheat. This had very bui
iSh effect. and, as a New York syndicate that
was reported long. 100000 Blu bought in
every little dip, the price held steadily with
IN &c OF the TOP the greater portion OF inc
Session. The aggregation OF the Western PIT
mary market r5ce pts 5000 bu, nearly
double that for the same day last year
The clearances of wheat and -four at the
Atlantic Seabord, which acted a as st,mulant
TO declining prices yesterday had a dspress-
ing effect today only 100000 In the United
States were reported handed. Reports re-
ce.Ved late in the day said that the Argeh-
tine wheat crop would be of large proper
tons and the grain OF good quail ty- AS the
expeetat on of a deficit in the future has
been one of the sustaining influences here
of late this piece had weakening effect
and May declined TO 70Ac, with buyers at the
closing price
Dangerous Weather and bullsh news from
the country concerning the demand for feed
ing and reduced stocks in first hands
strengthened corn. May opened shade h gh-
er at S7lsQ37Ssc. and as buying orders Were
quite numerous. the price during the inst
hour and half was forced slowly but per-
s stenty up 10 37sc Receipts were 754 cars
Export c,earances were small, 2S6, Coo bu. but
the demand here from the East was good and
some sales for shipment were exported Raj,
road ears also were less scarce, although ship
pers still complain D. OF being unable TO pro-
cure all they wanted. When wheat in the
last hour began TO drop. followed. get
ting very heavy near the end. Selling orders
began pouring into the pit and May sagged
to 97isQ &c, and closed at S7A@3sc
Light offerings and small receipts, 131 crs,
strengthened oats. There was good export in
duiry and few speculative orders were SUI
tcient to send prices upward May opened a
shade lower at 27asG27&c and advanced to
CSC. where 1t held steady during the greater
pcr,iOn of the session. Near the end how
ever cats yielded with the other grains and
MAY sagged off to 275sG27a4c and closed at
27}4 g279sc.
light run of hogs and a good export de-
mand for meat products started provisions
strong. Prices were well maintained until
wheat and corn began to show weakness.
Then provisions became cutie heavy and the
early gain lost. May pork opened
shade higher at $40 291hGl0.2A. advance to
SlO-2'le, then sod off to and closed at SO 17ia
Nav lard began unchanged at S.. 80. sold at
S5.S2E weakened to s5.75, and closed a;
&.57ls- May ribs started unchanged at s5.12%
lose to $5.15, declined to S507ls1l5.10 and lsft
or at s. 10.
Estimated receipts for Thursday: Wheat.
Ii6 cars; corn, 700 cars; oats, 175 cars; hogs,
S0.0G0 head.
The leading futures ranged as follows: