St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1885-12-24
Prices Hold Thair Own Fairly Well,
in Spite of Numerous Bear
Points.
The Grain Market Closes Firm-Pro-
visions Rule Steady, With But
Little Trading.
A Heavy Decline in Live Stock Re
ceipts at Chicago Results In I'M
proved Prices.
A Very Dull Day in Wall street,
Money in Good Demand at
Chicago.
Chicago.

Special to the Globe.
CHICAGO. Dec. 23.-There was a good
attendance on change, but the markets
were dull and of holiday character. There
was very little action, indeed, in any OF the
pits. but what fuctuation did occur, small
as it was. favored the holders. May, for
instance. kept all day within arrange of &c,
but the close was about the top for the SEES
sion. All sorts of queer arguments are be-
ing used in these quiet holiday sessions to
influence the course OF prices. Whatever
comes along. whether 1t IS hot day or
blizzard, the shipment of gold, the lowering
OF the rate of exchange, war abroad, peace.
anything, is set down at once
as having a legitimate and necessary
effect on wheat. Day before Yesterday the
rImored shipment of gold from New 1ork
was used as bear argument. To-day
somebody discovered a very good reason
why it should be bull argument, and so it
is with all petty and inconsiderable influ-
ences which happen just now to be abroad.
The crowd is pretty we'll convinced that for
the next fortnight there will be more in the
market for the commission men than for
ANYBODY else. Sensible traders are keeping
out of the pits There was report that
100, 900 sacks of flour had been ordered for
Europe. 1t was
RECEIVED SUSPICIoUSLY.
In pork and corn there was no gossip at all.
1t is predicted by the brokers who stand
in the pit all the time that pork will sag
down a little next week and then advance
after New Years. AT the morning ses-
sion wheat was irregular and lower. Local
traders had the whole control. Advices
nfhnr 1anintc
were unfavorable to the holders. and the
amount Oh passage to the United King
dom shows an increase. Trading was al
most exclusively OF scalping nature. Re
ceipts at eleven leading points were
smaller than on yesterday, and add
I'D 316. 900 bushels. The ship
ments were Il, 900 bushels. Toward the
close there was fair amount of trading in
the way Of covering. and prices were the
highest of the day. but &c lower than at
o'clock yesterday. January opened at SO &c
and closed at S415@84Ac, aud the range
was S33k@S4Ac. May sold at S994 @903sc,
with S93Sc start, and 901a@903sc the clos
ing. December closed at 81 sc, and Febru-
arv at 643lc March sold at S419c. On
the afternoon board, however, the purchases
of short wheat by number OF large oper
ators put the price up sharply. McGeoch
is said to have bought half-million bushels.
The close was: January wheat, S42sc;
May, Ole.
CORN SHOWED MODERATE LIFE
and increased weakness. particularly in
year, owing to large receipts, prospective
increase tomorrow of 615 cars and i'm
proved grading, even so per cent being
contract" Sales ranged at 365s@375sc
and closed at $500. Longer futures were
quiet at 36H @3696c for January and 1913
@39Ac for May and closed at outside prices,
January being 16@Ac and May &c lower
than at 1 o'clock yesterday. Oats were g
@15c lower and moderately active
in a speculative way. Rye was
dull and suffered decline of
&c, closing rather firm at the reduction.
Barley was easier, but fairly active. Pro-
visions were exceedingly dull, and there
was scarcely any trading in cash stuff.
Prices kept steady. Mess pork took a 10-cent
range, and for February sold at S9.S5@9.95,
opening at S9.95 and closing at So 80;
March closed at SO. and May at S40.22H.
Lard for February sold at 81. S5@4. 80, and
the opening as well as the closing price was
S4.S715.
PETER BERKEY. Pres. f. W. ANDERSON, Cashier.
CIV. GRIGGs, v Pres. A C. ANDERSON, Asst. G.
THE ST. PAUL NATIONAL BANK,
CAPITAL, 100000.
Corner Fifth and Jackson streets