St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1885-12-12
The Grain Markets Getting Dull and are
Almest Entirely Devoid Of News
of Moment.
Wheat Heavy and Depressed, Though the
Close Was at Higher Prices Than
on Thursday.
Corn Weak and Without Feature
Closing Slightly Lower--Oats
Dull.
The Stock Market Still Keeping Brok
ers Pretty Lively--The Ftnan-
cial World.
Chicago.
Special to the GLOBE.

Special to the GLOBE.
CH1oAGo. Dee. 11.-Wheat dragged
heavily to-day until well along in. the fore
noon. when a partial restoration OF specuia-
live confidence started prices up hill again.
and for the remainder OF the day values
were steadier. The trade is mainly for
Nav delivery, more business being done
these DAYS in that month than III all other
months combined. May opened strongly
at S3c, an advance of 14@3Sc from yester-
dav, but the market was not sustained and
a decline of 1c occurred. The nearer fu-
lures only lost 5S@4c. The market was
bought literally, and during the latter part
of the long session quotations were not far
from level ruling at the close of business
yesterday at 92@924c for May, with other
months in their relative positions. The 10
o'clock closing was close TO the best OF the
day. There was dearth of news to-day
and prices were put up or down by the
scalpers without any great trouble. Faith
in the ability OF Europe to get along With
out American wheat was the bulWark OF
bear confidence and belief that last week
was the highwater mark IN the visible sup
DIV and that stocks would diminish rapidly
from this time forth, braced up the bulls.
Neither party was
OyERsToCKED WITH CONFIDENCE,
however. and neither seem disposed to be
yenturesOme Curiosity as to the attitude
of Northwestern millerS is not so great as it
has been 1t is well known that they are
loaded down to the gunwale with wheat,
and very few think they would attack the
value of their own property except,
perhaps, for a scalp. Their interests are
thought to be on the long side
OF the deal. They certainly talk that
way very energetically, and their visit here
at this time seems to have been made to re-
move the impression to the contrary that
has lodged i'll the collective mind OF the
trade. 4 stronger feeling manifested itself
toward the end of the forenoon session and
prices were marked to about the top, where
they were left at 1 o'clock. There was
some talk of an export movement from New
York, but private cables of all exceedingly
diScouraging tenor were freely circulated.
The markets on the afternoon board were
stronger. Wheat advanced 35c and closed
at outside prices Of the day, shorts being
the largest buyers. Closing figures were
ss@15c better than Thursday, at $3.50 for
December, S6Tc for January, $3.50 for
February, and 90 sc for May.
CORN DRAGGED
smaller scale. Year was tame and declined
s4@Tc under fair offerings and a general
desire on the part of buyers to hold off, and
tine impression prevailed that most of the
shorts had been covered and the longs I'M
loaded. Foreign and Eastern markets were
quiet and steady. Receipts here were light
(eighty-fiye carS) and only 105 cars were
predicted for tomorrow. The shipping de-
mand was light, and only for low grades.
Year opened at Ale, sold at Al S@41Ac,
broke to 4035c, advanced PC, but weak
ened and closed at 403sc, decline of &c
from yesterday. Longer futures varied nc
and closed at 3S14c for January and 401sc
bid for May, and showed no change from
Yesterday December closed 14c under yes
terday at 40}Sc.
Oats were dull for future delivery, but
steady at previous prices. No. 2 for May
closed at 315s@31Ac.
Provisions opened at yesterdays prices,
the bulk of sales being made at that but at
the close they were higher. All hog pro-
ducts were tirmer, with fairly active trade
in the whole list. 1t is generally thought
that the bulk of the winters run of hogs is
already marketed and any serious depres-
sion in products is not very likely to occur
from excessive receipts. Pork closed at zoe
advance, at S9.05 for December, S10.05 for
January, $10.0719 for February, S10.52T
for May, $1,000 for March. Lard closed
(071@c higher at S6.05 for December,
S6.12H for January, $500 for February,
S6.2715 for March. Ribs advanced 100
Zoe. closing at 4.95 for January, $5.O5 for
February, and SIS. Is for March.
PETER BERKEY, Pres. F. W. ANDERSON, Cashier.
C. w. GRIGGs, V. Pres. A. c. ANDERSON, Asst. C.
THE ST. PAUL NATIONAL BANK,
CAPITAL, 100000.