St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1888-12-16
THE COMMERCIAL RECORD.
Contrary to General Expectation Wheat
Shows Decided Strength on
Saturday.
Corn Extremely Heavy, Oats Quiet But
Steady, Provisions Slumpy at
the Close.
Financial Matters in the Monetary
Centers--The General Quota
tons.
Special to the Globe.

OpCCIoi ~ tue
CHICAGO, Dec. 15.-Every one acted as if
they expected break in wheat as usual On
Saturday. There were some indications of
1t early, and the price Of May went s4c below
last night. A few operators took advantage
of the general expectation of a break, and
this not only prevented decline, but made
a showing OF strength towards the close
Receipts at Minneapolis were 10000 bu,
and at primary markets about 100000 bu.
Philadelphia cleared 10000 bu, other
Atlantic ports nothing. At New York the
market was fat and the close I2c lower, at
SI.I1A for May. Duluth weakened l2c early
also. In this market, Mitchell Helmholz,
Norton & Worthington. and Swartze Dupee
were prominent among the buyers. with Jones
Kennett on the selling side. At l p. In. the
price was Ac over the close last night. De
cember was nominal at 81 0434 to 81 .05 Jan
nary sold at 81 0514 and SI05ss; Nj y sold at
$1.l0A 10 1.10I2 to Sl.09ssGI.U9A to
S1.10I2 to SI.10 to S1.I012. The estimate
for Monday was IA cars. The strength
which began TO develop in wheat about
l p. M, increased just before the close and
May went quickly 10 Sill and closed at the
figure, or S4c over last night. The strength
was caused by short selling early, with ex-
pectauon of a break which aid not come.
The crowd bought TO get Corn was
dull heavy market. Receipts were 351 cars.
with but % cars of No. .. There were no
special feature to the market. Oats were
quiet and steadier for May, and prices adj
vanced Ilc December was easier and de-
clined 1sc, but at closed at 26c. Ar
rivals were 220 cars and Withdrawals
from store, 4GIO bu. The pro-
vision market decidedly weak and prices
touched the lowest points for many weeks.
The cause of the weakness was traceable to
the yards, where there was a slow market for
hogs early. and prices 5Gll0c lower. Re
ceipts Of hogs were about 10000 this morn
ing, but the receipts for the week exceeded
last year by about 5000. Receipts at six
packing points to-day were 10000 against
10000 one year ago Later the estimate for
Monday for Chicago was 10000 hogs and
10000 for next week, January lard opened
SC lower al So 30, sold at $3.50 and back to
$500. January lard opened 10c lower at
$7.72 sold NJ s.. 20 and back TO S7.72. Pork
opened at S13.2j for January and Sl367
for May sold down to $3.50 and $l347
and rallied to SI3.17I2 Tor January and
$3.50 for May.
THE ROUTINE REPORT.
CHICAGO. Dee. I5-Whcat was rather dull
MOST Oh the SeSslOIs anu iStIiiE M
settled. Fluctuations were again confined
within moderate range and closed higher.
TIE opening was about the same as yester-
Digs closing, and after slight advance be
came weak and prices declined s4c, then
rallied l3Sc, fluctualed and closed about SEC
higher than yesterday. No special features
were presented, and the little outside news
was without effect. The market was a spec
ulatiye one. Shortly before the close
there was a sharp rally 10 outside fig
ures Influenced by shorts covering and pos
sibly buying by some parties, who were IN
terested in seeing higher prices. At any rate
there was considerable wheat absorbed in
the entire session, and operators were not
disposed To stay short" over Sunday. II
was estimated that the visible supply would
show 100000 10 100000 bushels increase.
Corn ruled quiet and dull most Of the ses-
sion, though mt times it was moderately ac-
tive The feeling was easy early and steadier
later. Market opened at about the closing
prices of yesterday. iluctuated within hl9
SIC range and closed about the same as yes
terday. Receipts were liberal. and this, to-