The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1900-01-16

CHICAGO, Jan. ia formidable array
of bearish statistics and news and lack
of demand gave wheat another shove on
Its way downward today, May closing 1c
under Saturday. Corn closed 1sQMc and
oats &c lower. Provisions closed 2l9@l0c
higher.
Liquidation ruled in the wheat pit
throughout a session which brought moth
ing but gloom for such bull hopes as may
have survived recent reverses. There
was little demand against puts, but its
steadying influence very close to the bot
tom was only momentary. Throughout
there was selling of long wheat and of
lesser lines, not large in volume, but too
heavy for the invalid market Trading
was dull and the tone heavy as lead.
Early news showed a decline at Liver
pool, an increase in worlds shipments.
and In the amount on ocean passage.
May wheat thus influenced, opened %Q1Ac
under Saturday at 674QC72ac. This was
high point for the day. The close was at
the bottom, May 1c under Saturday at
66Ac, later news being as bearish in tone
as that received earlier.
Receipts were large and clearances
small, while a Liverpool cable announced
the Argentine wheat was for sale in the
English markets at prices under Ameri-
can offerings. Primary receipts were 1885,
COO against 917,G00, last year. Minneapolis
and Duluth reported III cars. compared
with SOC last week, and 7S6 a year ago,
Local receipts were Il cars, one of con-
tract grade Clearances were 1888, 900
New York reported IS loads taken for
export.
Taking into consideration the slump IN
wheat the corn market exhibited con-
siderable independence. sympathy with
the major market combined with receipts
here of ~ cars over the estimate-resulted
in fractional loss The expectation Of
a bearish government report exerted
some downward pressure, but the worst
which can be said of the market is that
1t is easy. Light country offerings as
usual were the chief support. Local bulls
were the best sellers. Some purchases
were made by the provisions people
Trsde was quiet The local stock in
creased $4,000 bu. Receipts here were
AT cars. May ranged from 1880 to $3.50,
closing 1s@12c down at 33Ac.
In the oats market the feeling was
easier with wheat and corn, the volume
of business small and the demand scat
tered. Some liquidation was actuated by
fear Of bearish government report.
Local receipts were 219 cars May sold
from $3.50 TO 24c, closing 1sc depressed at
23%c.
The provisions market after exhibiting
some tendency to weaken, turned strong
md closed firm, at an advance. Initial
figures showed small gains from Satur-
day, the result of hog receipts under
the estimate and better prices at the
yards. Outside selling Influenced by the
weakness of wheat, and some profit-tak-
ing by local longs, resulted in a decline
Of 5@g71Ac. The demand was good, some
of it from exporting people, and holders
were chary about selling at the reduced
figures, in consequence of which the mar
ket held steady. Late in the session an
influential concern purchased $4,000 tierces
of lard On the strength OF this, the
whole list went up May pork sold from
S10971k TO $11.1712, and closed 712@1Oc over
Saturday, at $11.12H@11.15; May lard from
$500 to $685. with the close at $6i5 and
Nay ribs from $3.50 TO $3.50. closing at
$5.S71kQ5.S0.
Estimates tomorrow: Wheat. As cars;
corn, $40 cars; oats, $3.50 cars; hogs, $4,000
head
The loading futures ranged as follows:
Open- High Low Clos