The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1902-01-24
CHICAGO CHANGE.

CHICAGO, Jan. pa sharp bear at
tack on corn brought on by the very
wax cash situation and slumps in out
SIDE markets sent prices in all pits down
today. Corn broke &c, wheat 11sc, oats,
1850 and pork 40c. After the subsistence
of the Danicky feeling attendant upon
heaVy forced selling there We're slight re-
actions May ocrn registered a net loss
or lesc, May wheat 13@9sc and May oats
Ic. provisions closed 212c to 20@221ac low
er.
All speculative markets were weak, but
the extreme weakness was in coarse
grains, corr leading in the depression At
the opening this cereal seemed ripe for
a break. The initial incentive was the
extremely bearish talk about the bottom
being out of the city cash market -yester-
day. 1t was reported that Kansas City
houses were making hedging sales on the
Milwaukee curb, and when this market
opened the supposed weakness showed it
SeH by heavy Southwestern selling here
May started nc to &c down at 637sG0531Ac
There was an almost entire absence of
huylng orders; cables We're weak and re-
ports mentioned corn and oats block
ace OF LOCO cars at Kansas City. st. Louis
turned permanent seller. May broke to
use, loss of &c, but at such a price
covering was profitable. There were re-
ports also of some corn being worked to
Germany, and traders taking into con-
slderation the small receipt estimate OF
sixty cars for tomorrow brought half
hearted reaction. May sold to 63Ac, but
-.
celptS were eighty cars.
wheat was naturally weak on the corn
depression, but everything else was
against the price Statisticians' reports
indicated a good crop condition and ia
Vorable- weather. Traders. were inclined
to the belief that they had been too eager
TO accept the st. Louis strength yester-
day to bolster I'D values. Gables were
hdgety and finally closed lower Foreian
reports forecasted good crops in Russia
ana India but It was the coarse grains
t mat sent Wheat backwards. The market
was SLOW at the start, and May opened
here at 12@Ssc down at 79ssc. When corn
broke May followed and sunk to 7S5ac.
reports of good export demand, with
shipments varying from fifteen to fifty
loads, helped prices late. A slight reac-
/ ton sent. May to 1850, but the. close was
weak, 1aG98c down at 791sdDz914c. Receipts
We're fifteen cars, none of contract grade:
! Minneapolis and Duluth reported 325. a
totdf Tor the three points of $40, against
34l last week and 250 a year ago. Pri-
mary receipts We're 4i4,000 Blu, compared
, with $4,000 bu last. Sea board ciea RANGES
.eoualed $4,000 -bu. The seaboard reported
T tW6nty-three cars taken for export
IN the oats pit sentiment was tinid In
| tine with the stampede in corn there was
general selling of May, and a strong
attempt was made to raid one holder who
Is long SO much that he is supposed To
control the market No oats came from
bad, Notwithstanding May selling off 1890
to 44zsc. Some support developed at the
low figure and May sold up again to
1926. The close was weak &c down at
45Ac- Receipts We're 1o9 cars.
Ihe early feeling in provisions was
strong following the influence of a good
hog market The grain weakness. heavy
liquidation of long stuffs developed and
| prices eased. The early business was con-
siderable, but late trade during dull and
heavy. May pork sold between SIC. Is and
$40, and closed 200227ae down at SIS 35;
May lard closed 71ac lower at 49, 1919, and
May ribs 21@c down at SS so
The estimated receipts for tomorrow
are: Wheat, 20 cars; corn, 60 cars; oats,
100 cars and 81, 600 head of hogs
The leading futures ranged as follows: