The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1899-01-14
NO CHANGE IN WHEAT

CHICAGO. Jan 1S-,Ieavy liquidation by
iccal SPECTATORS exertad a bearish influence
in wheat today and an early rise OF %c was
wiped out May closing unchanged. Corn
left off 1sQAc lower and cats closed q shade
higher. Pork lost 1OQ12lsc and lard and
ribs 712c each.
Unexpected strength at Liverpool, where
the market was quoted Sc higher, notwith-
standing the weakness here yesterday, start
ed wheat strong. I his advance, which was
wholly independent of any known conditions.
made shorts somewhat nervous instead of
May wheat being pressed for sale at 1OAc, as
1t was yesterday afternoon. There were BUY
ers ANXIOUS to get 1t at from !lAc to 7lssc.
Local professionals who almost toa man have
sold wheat snort a week, placed very
little confidence n the opening rally and sold
Wheat at the advance. On further rise
to n$Q115c during the next half hour they
sold again, and in the next nalf hour had
the satisfaction OF a decline to Tic. The
sellers, other than those who were short,
were not numerous during the decline re-
ferred 10 apart from those who had the pro-
lection of Gals fer the day ut from 7l1sc to
n$sc, and the market was quick to react
ON any moderate demand. Receipts at Chi
cago we've l0l cars, OF which IA graded con-
tract. Mnnea! OILS and Duluth reported sos
cars, against 4l2 tor the same day last week
and 364 a year ago.
The aggregate of Western primary receipts
was $4,000 bu, compared with $4,000 blu
last year New York early in the day wired
that the fol eign demand tor wheat and corn
had improved, and there good amount
reported disposed OF at Kansas City fer di-
rect export by way Of Gulf. ports. This held
the market fairly steady, until renewed re-
ports fTom Argentine claiming that the
weather was all that could be desired, and
that the eXportable surplus was being en-
larged, started longs selling on a more elab-
crate scale. The persistence of the bears
was finally rewarded by a further decline,
May getting down to 109sc about half an
hour before the c.cse. The market was pre-
vented from further decline by New York
reporting 10 boat loads being disposed of for
-a1r- n
Continued we weather and the wheat RAJ
ly strengthened corn at the start. Heavy
receipts were against the price. however
and as the market was given little support
free selling against calls soon caused a
feeling of depression to set in. Receipts here
We're $50 cars and at Western primary mar
kets l0S2,0e0 bu May opened nc higher at
S1l2dS79sc, he'd steady at 379sc, then slump
ed off to SIC. and closed at 371sc buyers.
A good cash demand, light receipts and
speculative buying helped oats. Top prices
Were not maintained. however the mar
ket eased of in sympathy with corn. Re-
celpts, 131 cars May began Il up, at 2Slsc,
sold at 2Slsc. declined TO 27Ac, hen irned
up TO z77sc at the close.
Further taking of profits by the recent
bulls in provisions caused another slight
decline in prices. The market was burdened
throughout the session by a poor shipping
demand fer meats and lower prices for hogs
at the yards. May pork opened 2i2c lower,
at S10.15 declined to So 05 and closed at
SIC. 05G10.0712. The range in lard and ribs
was inoonsequental.
Estimated receipts for Saturday: Wheat,
1856; corn, 760; oats. 1870; hogs. 1900 head.
The leading futures ranged as follows:
Open High Low Clos.
ing. est est. ing.