St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1884-12-23

ing the amount Of grain still in farmers
hands, but who is prepared to say that there
decreased acreage, or that - per cent. of
the grain in the hands Of tae farmers has
been marketed The government statistician2
Wen, have not spectators been betting their
money on the government figures for two
years, and have they not all lost monevs
There is really nothing apparent in the ma; RAJ
situation to encourage buyng. The visible
supply, although the largest ever known. has
not yet stopped increasing. The demand
from abroad hes not increased at al. The
receipts may or may not have ceased.
The government ststistician has nos been sue
cessiul enough with his statistics 10 rive his
guesses as to the acreage OF wheat in the
ground or as TO the amount OF grain in far
mer's hands any weight. To-day wheat WAS
quiet and strong At the opening, a shade be-
low Saturdays last figures, but
some OF the longs began unload
ing, and prices receded about Jlc.
About noon better foreign news began TO ar
rive, and New York was strong, with a good
export demand, which turned the tide here.
and after liberal buying by those whoincliued
TO take on small lines for scalp the fore
noon session closed strong at nearly outside
prices. In the afternoon the opening was
steady, and, under good demand, an ad-
vance Of kc was established, the close being
at 721Ic for January. about 4 under outside
prices for the day. There was considerable
long wheat sold out during the day, bat this
was all absorbed, and. considering tho liberal
offerings, good deal OF strength was mani
Tested. Mimine S Bodman sold good deal
early.and later Boynton sold 100. 900 bushels
of May, while Adams was also observed
among the sellers Wagner was making
changes from January to MAY. giving out
that Armour was bis principal. Mccormick,
Kennett & Day bought about 25. 900 bushels
of February, and Weber & Woodbury. we're
also purchasers.
81 do not believe that the bulge is perma-
nent," said Jack Kitchen, ''for the reason
that the trading is all local. It's easy
enough to advance the figures for Saturday,
and last week the local crowd were all selling,
and they've just now turned. Monday the
crowd may have all turned sellers again.
There'll be no permanent advance until out
siders are in here's
The corn market is as near a stationary
affair, so far as speculative trading is con-
cerned, as it well could be aud exist at all.
The old state of things continue AMI prom
ises to do so until the crop movement fair V
sets in and all fear of monkey-work is over.
Liverpool was easier and 4 penny per GENITAL
lower. Our receipts were 292 cars against
l50 Saturday, and thirty-two Of them graded
No. year, and the different options started
in rather firm. bat weakened little. When
wheat firmed up again, and it frmed up, the
total range on the deferred options being
confined TO Nc. Year was a little more
active, huctuating between 36L@37c, and
closing at S6s[c. Eldredge was the most
prominent buyer, his purchases aggregating
about $50, 600 bushels.
There has again not been very much doing
in provisions, though the trading was a de-
cided improvement on the last two days, and
and the feeling stronger, pork advancing
l71fc for January, and 221<c for February
from Saturdays closing, though about sc of
the advance was afterwards lost Lard closes
2Hc higher than Saturday. There was fair
consumptiTe demand and in speculative
business, some buying by local operators for
long account as well as little covering By |
shorts. The better feeling was largely due |
to sympathy with the advance in the market |
for hogs. One packing establishment sold |
to some extent against its production, but |
offerings were not heavy, the advance not
being great enough to tempt packers to sell !
freely. The feeling at the close was strong,
and there seems to be general impression
that prices will go higher.
AT tue stock yards business was fairly ac-
tive. The receipts of cattle were light and |
values shade 6rmer on best. Receipts of
hogs were considerably below the cores
ponding day of last week, with an active
market and sharp upturn in prices. The |
best packing grades sold up to $4.35@4. 40 |
aid other sorts down to S4.iO@4.l5. The |
bulk at S4.259s4.SO The quality did not
show up as W ell as last week.