The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1900-01-17

CHICAGO, Jan. 16.-Frantic efforts to
dispose of holdings on the board Of trade
greeted BradStreets announcement of a
heavy increase In the worlds visible to-
day. May wheat declined I1ac without
check and closed weak, 1Ss1115c under
yesterday. Corn closed shade higher.
and oats unchanged. Provisions, affected
by the wheat break and heavy realizing
closes weak, May pork 12k@15c, May lard
l212c and May ribs 712@10c lower.
Twoydays business-or lack of it-has
cost May wheat 23sG21ac on the local
board of trade The slump of yesterday
received new impetus today from the in
crease In the visible of 100000 A mod
crate Increase would have occasioned lit
tie agitation, but the magnitude of the
weeks gain announced by Bradstreets
about noon had a bomb-like effect in
SCATTERING bull expectations.
The market had opened rather heavy, in
sympathy with Liverpool decline, May
opened at 66A@6612c. Foreign houses and
a few locals sold moderately, and some
wheat had come cut on stop orders Thee
offerings had been we'll taken and at the
decline the market steadied and advanc-
ed, possibly in sympathy with corn May
had touched $3.50. Business up to noon
had been quiet. Then came the eXplos on
from Bradstreet's Holders joined the
crowd of sellers adding concession to
concession to rid themselves of an arti-
Gle the supply of which was evidently
SO much greater than the demand. The
close was at the bottom, May 13sQ112c
under yesterday at 651A@65$sc.
1t was explained that the unexpected
magnitude of the increase in the visible
was due to a correction of Odessa S
stocks. Primary receipts were $50, 900
bushels, against 900 last year. Mime
apolis and Duluth reported 296 cars, COM
pared with S65 last week, and 4SS year
ago. Receipts here We're 80 cars, none of
which graded contract. Clearances were
only ITO bushels. Seaboard exports of
wheat were Cos 900 bushels. New York
reported IS loads taken for export.
Corn was steady throughout the session,
and the close, in view Of the wheat break,
fairly firm Trade was fairly active the
greater part of the session. Supporting
Influences We're light receipts, small coun-
try offerings, and the announcement that
the government report, which was eH-
pected to be bearish, will not be issued
this month. Corn that had been let out
on this expectation was taken in again,
occasioning an advance, which, however,
was lost later. in sympathy with the
wheat break. Local receipts, 49l cars.
Cash business amounting to $4,000 bushels
was done late yesterday. May sold from
s3Ac to $3.50. closing shade over yes
terday at S914d33asc.
Oats dragged, but were fairly steady
with corn. Receipts here were 3l6 ears
and clearances 49, coo bushels. May rang
ed from 237sc to 241sc, closing unchanged
at 27ssc.
The provisions market was Irregular,
with the tone easy most Of the time or
heavy realizing, the receipts Of hogs over
the estimates weakened prices at
the wards Predictions of future liberia
receipts were freely made May pork
ranged from s1O95 to s11.1O41l.1z14, and
closed 121a@15c under yesterday at $lOs5
May lard from s6.O21a to $61Od6.121a, clos
ing l21ac down at $6.O21a, and May ribs
from So. so to $5.S5G5.S712, the close 712Qlo(
depressed at $3.50.
Estimates tomorrow: Wheat, 20 cars
corn, 100; oats, 125; hogs, A,Oeo head.
The leading futures ranged as follows:
IOpen-LHigh- Low Clos
to-