St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1885-12-16
SOME LIVELY ACTION.
Prices of Speculative Properties Take
on a Livelier Turn at All
Points.
Wheat About Steady, Corn Doing Nothing,
Pork Shade Easier Re-
ceipts Heavy.
A Midwinter Dizziness Turning All
the Markets--Bear Arguments
Predominant.
Lake shore and st. Paul Vigorously
Raided by the Bears Excitement
in Wall street.
Chicago.
Special to the Globe.

CuICAGo. Dec. 15.-The wheat and pork
crowds and the little group which repre-
SCENTS all that is left of the MOB WHICH
month ago was trading in corn have all
completelv taken on their holiday phase.
1t is the rule for speculation to drag in the
month of December and for prices to de-
cline. The holiday drop" and the ''Janu-
arv bulge have occurred so frequently year
after year that the two phrases have become
fixed in the vocabulary OF speculation. The
big traders seldom try TO support prices III
December. and unless they intend to help
along the traditional bear move
ment, keep out of the mar
ket altogether. They all appear
to be out of grain at Chicago, and 50 the
market is going its usual way. There nave
been OF late. beside the dizziness of the
holiday season. many other influences help
inc along decline i'll wheat. Gables have
day after day come in ''bearish." To-day
they iudicate-they never do more than
indicate anything-a decline OF prices at
LIVERPOOL of a penny. The visible supply
will apDarently never cease increasing.
The addition of over 100000 bushels to
the svisible" of over 5.600.000 bushels is
enough in itself to make holders change
their minds The movement from tirst
hands is big enough to show there is a
lack aud
''OUT OF SIGHT"
supply that everybody is getting around
to admit will compel lowering OF prices.
There was only one thoroughly Self-Satl
fied-lOOking man on the floor, Mi. John
Cudahy. His stubborn fight against the
advance in wheat has been to himself most
satisfactorily indicated. Wheat was quiet
and heavy to-day. but there was an element
of stubbornness running through the trad
Ing that prevented any serious break IN
prices. though until late the tendency was
downward. The increase in stocks III sight
of over l. 100 900 bushels was rather more
than had been anticipated and to
that fact was attributed the weak
opening, the market being 35@13c
lower than yesterday. An advance of q a
&c was the first move made on the checker
board and this was followed by decline
of $4c. January touching S4$5 GS413c,
February 81 5sc and May 9015c. Offerings
were very large and every bulge was sig
nal for fresh selling. The heavy battalions
were on the short side of the deal to-day,
and the scalpers seemed to be of one way
of thinking and their operations to be on
the theory of declining values. The mar
ket news was largely against the bulls.
Depressed cables were a prime source OF
taurine anguish, and swelling stocks, and
the
FEEBLE NOTES OF ENCOURAGEMENT
that blew in from the Northwest were
drowned out by the tidal waves of adverse
intelligence. Thrice has the signal for an
advance been sounded by the Northwestern
miliers and as many times has it been dis
regarded. The crowd here is working
the short side Of the deal now, and II, as Is
earnestly asserted. the mlilerS are long IN
in this market. then must they be dancing
to music furnished by the Chicago opera
tors. 1t is claimed on one hand that the
BOYS are after the millers, while on the other
hand the tiat-footed statement is made
that the millerS do not own bushel
of Chicago wheat, either cash or
for future delivery. The probabilities
are that neither statement hits the bulls
eye of fact, but it is quite possible that
causes more potential than operations of any
individual or clique are influencing prices at
this iuncture. About Il o'alock prices be-
gan TO creep upward. and the last half hour
they advanced sharply to the level of yes
terday's closing quotations on news OF
threatening complications growing out of
an attempt to settle the quarrels of the agi-
tated provinces situated between Russia,
Turkey and Austria The shorts were the
best buyers on the advance. This after
noon the market was steady, closing at near
the best prices of the day at size for De-
cember. S5c for January, S555c for Febru-
airy and 81 &c for May.
CORN EXHIBITED MORE LIFE
and fair business was transacted. Re
ceipts were larger, but not up TO eXpecta-
tions-39S cars. There was also a marked
improvement in the percentage of contract
grades. New York was quiet and Liver
pool a shade lower. Offerings here were
liberal and year declined sc early, but re-
acted on buying by shorts and advanced
1 c from the bottom, and closed steady re
higher than the same time Yesterday. Sales
We're at 39i, (040ltc. 1t closed at 40c.
Longer futures We're easier early, but
stronger later. January closed &c higher
at IS :, c and May sc better at 404c. The
shipping demand was moderate and only
for low grades.
Provisions were about the most active
thing on change. Prices were shade
lower under the influence of large receipts
of hogs. but there was a good deal of
strength and a fairly active speculation
along with a moderate order trade. Mess
pork for February opened at S1O.05 and
sales were at S10@10.05, closing at
S1O.02}s. March closed at S10.12]5 and
May at S10.40 Lard for February sold at
S6.12i zG61T% and closed ~ S6.1215;
March closed at Sc 20. Short ribs closed at
S4.9O for January, 5.O2 for February and
S5.0115 for March.
PETER BERkEY. Pres. Fw. ANDERSON. Cashier.
W Y fras q