The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1900-01-06

CHICAGO, Jan. 5.-Wheat, depressed by
the poor export business, the decline III
outside markets and good crop news
closed weak, May sc under yesterday.
Provisions slumped on heavy 1eanZlne,
Nav pork closing 10@121ac, May lard, 713W
10c and May ribs 5@71ac lower. Corn CLOS
ed u and oats &c under yesterday
The wheat market opened easy on the
absence of any stimulating news, May
shade under Yesterday at 6912@699sc rms
was the high notch for the day, for there
after the price went under puts and stay
ed there, buying against those privileges
causing only the feeble upward motlohs
The poor export business was one rea-
son for selling; good crop news from
Argentina and elsewhere announcer. ne
weakness of Northwest markets, MIME
enolis showing a greater falling off than
Chicago. and selling orders from that sec
tiop-W also q factor In the weakness.
On the decline considerable long wheat
was let out With this assay OF gloomy
news, the fact that receipts were more
liberal and clearances small aoded puI
little to the encouragement OF the puiis,
one hundred bushels cash wheat was SOLD
for the seaboard, but in view of the large
stocks, the transaction was contemp-
tuously labeled retail business and FOR
gotten. May slumped as far as posslple
and then closed weak, &c under yester-
day at 6Ssc. -.
Primary receipts were 501,S2i bushels,
against 655, 1858 last year, and Atlantic port
clearanoes in wheat and flour equal 10
100000 bushels.
receipts here, 76 cars none of which
graded contract. Minneapolis and Duiuth
reported 453 cars. compared with o55 cars
last year and 442 cars q year ago.
The strength exhibited early by the pro-
vision market was overcome later by
heavy realizing, prosecuted throughout
the session with great animation. Recelpts
of hogs were 600 head under expectations
and better prices at the yards was the
cause given for the slight gain recoroeo
at the opening. A good demand from new
quarters and some conservative purchases
by others caused further advance. Under
pressure of profit-taking the gain was all
lost and the market turned weak. May
pork ranged from $10.7272 to Sl0.95Q1O.9l12
closing 1O@l21kc under yesterday al
B1077]a. May lard from $5s212 to So.Ott2,
with the close 7@10c under at $685., and
May ribs from $572h to $5.S2, closing 81
nc down at S., 721z@5.I5.
Corn, steaded by provisions for time
later succumbcd to the influence of wheat
and the reaction of provisions and closed
rather easy. Country offerings were re-
ported a little freer, and primary re-
Deipts light, ASS cars here. Clearances were
fairly large. Scattered lots Of long corn
were let out on the decline. Trade was
dull throughout the session May solo
from 327sc to 331ac, closing Ac down al
B2M@33c.
Trade in oats was small and prices a
shade lower IN sympathy with the other
grain markets, although there was
fair demand for cash to be loaded on
boats and held until opening of naviga-
ton. Local receipts were 1853 cars. May
ranged from 2Sa4@2S7sc to 24c and closed
easy, &c under yesterday at 1890.
Estimates tomorrow: Wheat, 90 cars
corn, Al cars; oats, 165 cars; hogs, 25,oo'
head.
The leading futures ranged as follows;