The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1903-01-03

| CHICAGO, Jan. 2.-Bearish foreign
| news was the main cause for lower prices
| IN wheat today, and May closed 7sc lower.
May corn was off &c. with oats down 4
Q3sc May provisions closed from TIC
| to 1O@1212c lower.
| Wheat ruled quiet, and with a good
deal of long stuff on the market and but
little Ie-t demand; the tendency was toward
lower level. Liverpool cables were
weak and Northwestern markets were
also easier and receipts liberal and con-
| slderably IN excess of those of the cor
| responding time last year Advices from
| Argentina reported favorable harvesting
weather, and a report was current that
offerings of wheat from Russia were more
! liberal on rumors of the speedy reopen
ing of navigation on the Danube Offer
| 1ngs continued very free during the en-
tire session and the market declined
gradually, closing easy. May opened Sc
lower at 761sc and sold between 751
| 1873. and 1878 @76Ac, closing %c lower
Figures of the Day.
Exports of wheat and flour for the
week as reported by Bradstreet's were
! 3,336O00 bu, compared with 4,S16 600 bu
the same time last year. Clearances of
wheat and flour were equal to 712 600 bu.
| Primary receipts were 955,000 bu, against
| 1856, 600 bu year ago. Minneapolis and
Duluth reported receipts of 807 cars,
Which with local receipts of A carS-none
of contract grade-made total receipts for
the three points of S51 cars, against 673
cars last week and 355 cars year ago.
| frmness prevailed at the start on unfa-
yorable weather throughout the West.
Commission houses and shorts were good
buyers of January and that month was
nearly 1c higher at one time, and strength
IN the current month acted as a support
ing influence to the May option. Large
estimated receipts for tomorrow were a
bear factor, and when wheat commenced
to go down, the corn market affected
| symgpathetically and prices receded to a
trifie under Wednesdays close. May
/ closed lower a
between 42$4 Optic and 1880. Local re-
ceipts were 305 cars, with 4 of contract
grade.
Oats Easy and Quiet.
| Oats were quiet and easy, the weakness
in wheat being the principal depressing
factor, although there was considerable
day. The support came largely from
shorts with a profit. The close was easy
with May A@2sc lower at 333sc. after
| selling between. 33asc and 23Ac. Local
The chief feature in the provision mar
ket was the marked gain in January pork,
which resulted in an advance of from
! 25c to 2715c to 50@51Ac at the opening,
sales being made at ST. rs to SIS. The
| strength of this month helped the entire
list. but realizing by local longs caused
a break and the close was easier with
| January pork 35@311 c t1~
May pork was TIC lower at SIG 80; lard
10@121hc lower at 50 1000. 421a, and ribs
down 71zc at SIS. 571h as. so.
The estimated receipts for tomorrow
are: Wheat, 100 cars; corn, S65 cars;
oats, $50 cars and 10000 head of hogs.
Open Board of Trade Ambitious.
arrangements which have just been
completed between the Chicago open
Board of Trade and the Western Union
| Telegraph company bid fair to make the
former institution a formidable rival of
the larger one across the street. On next
Mo Monday 0non morning Pob 4G the quotations Of
the Western Union wires an hour
the Chicago Board of Trade. 1t is un-
derstood that the open board and the tel
egraph company have entered into a con-
tract covering ten years, the telegraph
company paying a Remuneration On Il
graduated scale, nominal rate for The
first few years, to be increased each
twelve months.