The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1901-01-08
BOARD G TRADE ACTIVE
SPECULATION WAS MORE BRISK
THAN 1T HAS nEGN IN
SOME TIME
WHEAT DECLINED AT CLOSE
Corn and Oats Both Gained Frac-
tiOnaIIy, While Provisions
Closed ? lie Higher
to 1Oc Lower.
WHEAT DECLINED AT CLOSE

CHICAGO, Jan. Speculative fever
ran not IN nearly all the grain and pro-
vision markets today. and the trading
was the heaviest in some time. A strong
realizing movement broke wheat halIy
near the end of the session, May closing
at decline of 1AG12sc. Corn held part
OF an early advance, closing nc higher.
oats advanced 1sc, and provisions closed
Zs2c higher to 10c lower, the decline being
IN pork. 1t was evident from the wide
range of opening prices in wheat that
opinions as to the future course of the
market varied greatly Initial prices for
May which closed Saturday at 791IGg79$Sc
ranged from 70 to 79l2c. For a time
sthe volume of business was tremendous
Immense buying orders, many OF them
from the outside, We're n the hands of
brokers, but local longs with big profits
at prevailing prices were more than will
ing to sell, and from the start the ten
dencE was onward The crowd appar-
emily believed that Wall street influences
We're at work, and big commission houses
We're closely watched. Soon after the
- opening a marked element of wea Lness
developed from the liberal receipts and
the weakness of the Northwest markets.
but the appearance of any large buying
or selling order in the hands of a promi-
nent broker seemed to have more effect
on the crowd than any statistical news.
After touching 7S5sc, the market eradu-
! ally Steadied, and under heavy buying
by prominent commission house, which
started scramble to reinstate lines by
early professional sellers, an advance
took place which carried the market to
the highest point of the day, 79slc After
that nothing of interest transpired.
though price changes were frequent, I'M
til near the close, when local longs food
ed the market with their realizing, and
prices Slid off with amazing rapidly
The close was 7Sc, the lowest point of
the day, with the market exhibiting con
s.dera Bile nervousness. Local receipts We're
ia cars. two of contract grade. North
west receipts We're 5l3 ears, against 4:5
last week and SOC a year ago Total pri-
mary receipts were $3.50 bu SeabOard
shipments of wheat and -four aggregated
G0S,OGo blu. Worlds shipments last week
70 were only 600 bu. The visible sup
ply decreased $4,000 bu.
Light receipts, poor grading returns,
unsettled weather and light country ac-
ceptanCeS made the market for corn in
dependently strong. There was a good
demand for the cereal al day, and though
late in the session the marked weakness
of wheat had some effect, part of the
early advance was maintained, the mar
l1et closing steady. Commission house
buying was a feature Of early trading.
Liberal local receipts were responsible
for considerable selling by local scalp
; CrS. Receipts were 54S cars. The visible
supply increased ], 4S9 600 blu. May rang
ed from 3S$sQ39asc, and closed Ac higher,
Oats We're fairly active. and at times
the market showed real strength. a
feature was the outside demand buying
from that source being steady all day.
Receipts We're 36S cars. May ranged from
255sc to 254c, and closed 1sc higher, at
2JSsc.
Provisions were fairly active and. IL
regular. Sharp advances were scored at
the opening. the firmness of yard prices
causing good general buying. Reaction
followed quickly, pork especially suffer
ing from liquidation. Packers were sell
ers on all bulges. The close was irregu-
lar May pork Ice lower at $3.50; May
lard unchanged, at 1921, and May ribs
PIC higher, at $102l2.
Estimated receipts for Tuesday are:
Wheat 100 cars; corn 10 cars; oats 135
cars: hogs 600 head.
The leading features RANGED as follows:
IOpen-l High lLow-lClos-