St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1886-12-04
IN SPECULATIVE PITS.
On the Chicago Board of Trade Yesterday
the Wheat Market Had VERT
able Boom.
The Temper of the Market Was Very
Bullish During the Afternoon
Session.
More than Usually Heavy Buying
Both for Local and Outside
Account
Financial Transactions In wan
Street. @ eneral Market
Quotations.

CHICAGO, Dec. 3.-The wheat Market
took on veritable boom to-day before the
ssOse of the afternoon session, the temper
q the market turning very bulllsn WIN
'shorts' covering freely The buying was
more general. both local and outside account,
than on any previous day since the upturn
Of the prices began. The starting price Ior
the Nav option was S5%c per bushel. or
sc higher than at the close last night
Public adyices from abroad were favorable.
Early private cables also quoted cargOes six
pence higher. but noted that holders were
selling more freely with increasing ship
ments of Indian wheat. Later private ca
bles were not as encouraging and quoting
an easier feeling at Liverpool. The ofer-
ings were very free at the opening and May
fell off to S51Ic. ruled steady and then
began to advance on good buying, induced py
reports of large purchases for export. Prices
advanced to S5$lc at the O'Clock al
iournmeht and on the afternoon board con-
finued to advance until the option mad
touched S63Lc. the highest point reached
bv the option since the present
advance began. The excitement in the pit
was very pronounced after the price had
passed sec. and the volume OF trading on
the short afternoon board was equal to that
OF the entire morning session. One oper-
ator was credited with the purchase OF
9. OOO. 600 bushels for May delivery, but the
buving appeared to be very general. The
closing prices were about the best OF the
day. The receipts at primary points show
a falling off with clearingS from three sea-
board points of 214.000 bushels. Corn
ruled active and steady on the regular SEES
sion. but became strong with wheat closing
&c higher than yesterday. The shipping
demand was light. butrecelpts were smaller
than expected. Oats ruled quiet and closed
at Yesterdays figures. Provisions were not
so active. Mess pork opened 215c per DBL
higher, fell back 2O@30c. rallied again to
nearly the outside figure and closed steady.
Flour was fairly active and firm at former
quotations.
THE QUOTATIONS.
The leading futures ranged as fol-
lows: Wheat-December opened at 1s19c,
closing at 7O7sc; January opened at t9c
closing at 7T56c; February opened at 1870,
closing at SO5sc; May opened at S574c' CLOS
ing at $3.50. Corn-Decemoer opened at
3sIIc. closing at 3S55c: January opened at
381%c. closing at 3Sslc: February opened at
SS15c, closing at 39$4c; May opened at 1926,
closing at 44c Oats-December opened
at 271sc, closing at 27ci January
opened at 271sc, closing at 2l1sc;
Nav Opened at 3l3sc, clOSlnS at o12sC.
Pork-December opened at $1,000, closing at
SlO.S5; January opened at SlI.15. closing at
SIIl21S; February opened at S11,121a, clos
ing at SI1.22I; May opened at S1l.55, clos
ing at SlI52%. Lard-December opened at
Sc. IL. closing at $6I5; January opened
at ST. 221&, closing at $500: February opened
at $3.50. closing at $3.50; March opened
at SC.3T15. closing at $685.. Short Ribs-Jan-
uary opened at $3.50, closing at $500;
February opened at S5.65, closing at $3.50:
March opened at 1910, closing at So15-
Cash quotations were as follows: No. spring
wheat, 7S5Sc; No. 8 spring wheat, l2@Ioc;
No 2 red, 790791<c; No. 2, corn, 3Sssc; No
oats 27c; No. ,, rye, 541lc: No. barley, 53c;
No. L fax seed. 917ac. Prime timothy. 81. ID
Mess pork. 21O.S5. Lard. 10. Short rib sides,
loose. S.. 5O25.65; short clear sides. noXed.
S5.Su05.S5: dry sailed shoulders, boxed, S4-6o
@4.75. whisky, S1IS. Sugar unchanged.
Receipts-Flour, g, coo bbls; wheat, az, OOO bu;
corn, $4,000 bu; oats, $4,000 hu; rye, 2,OOObu;
barley, $4,000 bu. Shipments-Flour IS.U0O
Dbl; wheat, I0,00O bu; corn, 10000 bu; oats
$4,000 bu; rye, 1000; barley. 10000 bu. On
the produce exchange butter ruled firm; good
to fine creamery, 2lG26s4c; good to extra
dairy. 200251ac. Fresh eggs, 2l022c-
PETER BERKEY. Pres. +. W. ANDERSON, Cashier.
" .GRIGGs, Wires A. c. ANDERSON, Asst c.
THE ST. PAUL NATIONAL BANK
CAPITAL. 100000
Corner Fifth and Jackson strestI