St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1885-12-23
The Minneapolis Millers Playing a Slow
but Careful Game With Local
Scalpers.
Wheat Gets Above 81 Cents for May and
Not Far From the "OalP'
Price,
But Bear Argument From New hofh
and the Scalpers Knocked Oh d
Cent Later.
A Oufet Feeling in Monetary Circles
Nothing of Importance in
Wall Street.
Chicago.

Special to the Globe.
CHICAGO, Dec. 22.-The story OF the
markets to-day can be quickly told. Whea'
opened &c above where it left OF yesterday
and advanced &c. Public cables had
better tone, though private advices were
the same as they have been for ten days.
The s.yisibIe supply" statement, showing
an increase of only 400, 900 bushels. was an
announcement to the bulls, though it was
observed that the crowd was bearish. BY
far the largest buyer was Bliss, who bought
in his short wheat and went heavily the
other way. Hutchinson was also good
buyer and these two operators never let
prices drop more than 3s@19c. They came
to the support of the market whenever II
manifested signs of weakness. The temper
was Just bullish enough to keep the smaller
shorts coming one after another into the phi
to cover their contracts and even up.
THERE WAS NO RUSH.
IF there had been there would have been
a sharp advance, but they dropped III pretty
steadily. If they had not the figures would
have been quite certain to drop. 1t was a
natural holiday market, just such as quite
naturally appears at this season, when hall
the world has sort of craze for settling up.
for getting out of the world of speculation
and drawing a few breaths free from any
cares of the world of chances. The l
O'Clock closing was at just about opening
prices. The market was quoted as slug
gishly firm and there was general complaint
of duIlness. This afternoon the announce
ment that 81, 900, 900 in gold would be eX'
Dorted between now and Sunday was con-
strued as bear argument, and New York
houses and hegvy local scalperS broke the
market during the afternoon about lie. The
close was S3$lc for January. S44c for Feb
ruary and 9O@9OBc for May.
CORN SHOWED LITTLE LIFE,
and the market during the morning was in
active. Liverpool was slow. Receipts
were Iarger-7O1 cars-and the percentage
of contract grades small. The latter scared
shorts into buying, and prices advanced 5sc.
On the bulge more long corn came out than
the BUYERS wanted, and a &c break fol
lowed. The last sales were at about inside
prices of the dag, and as compared with l
o'clock yesterday. showed no change.
Year ranged 3715@375sc. and closed at
37Zc. January sold at '361 @371sc, and
closed at 3695c bid May closed at 39Ac.
Low grades were dull and re lower.
Estimated receipts tomorrow, $50 cars.
Provisions were lifeless and fluctuations
we're within narrow range. lHe uoiludy
iullness has settled down upon the pro-
vision trade like huge wet blanket. The
market was firm, however, and an advance
in pork of 5@71Sc noted. Lard and ribs
also made slight gain. Light receipts
kept prices steady and rather firm. mess
pork and short ribs closing shade higher
than yesterday. There was scarcely any
thing done in the way of filling outside
orders. Mess pork for February sold at
$9.90@995 and closed at $9.S715. March
closed at s9.971S and May at 5000. Lard
for February sold at 500 and closed at VI.
March closed at S6.0715 and May at Sc. %.
Short ribs for February sold at S4.S7H and
closed at 81. s719. March closed at 81. 95.
PETER BERKEY, Pres. f. W. ANDERSON, Cashier.
@. W. GRIGGS, v. Pres. A. c. ANDERSON, Asst. Z.
THE ST. PAUL NATIONAL BANK,
CAPITAL, 100000.
Corner Fifth and Jackson streets.