St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1888-12-19
THE COMMERCIAL RECORD.
The Wheat Market Exceptionally Pania,
Prices, However, Closing as
on Monday.
Corn and Oats Hold Steady, Hog Prod
ucts Generally Declining in
Value.
Financial Matters in the Monetary
Centers--The General Quota
tons.
Specie, to the Globe.

Specie, to the Globe.
CHICAGO. Dec. 1S.-The market in wheat
was tame the greater part of the session, and
few if any new features on conditions were
reported. Prices on the whole ruled lower,
without anything like a break from the close
OF last night. The situation at New York is
very dull. Buyers for foreign markets are
S010c under present prices. while the
United Kingdom is receiving wheat from all
other sources except America. Dispatches
claim that May will surely decline to S110
il that market this week on the extreme
dizziness. Primary receipts were PA, 600 bu.
There were no exports except l25cO bu from
Philadelphia. Public cables were quiet,
and private cables had no encouragement
for bulls. There was no marked trading
here up 10 l O'Clock. December was quoted
during the morning at Sl.O4A January
sold at $1,000 OJI2. May sold at S1.l0 10
SlO9s4, 10 SI1O>s, to Sl.1O, to Sl.105s. TO
SllO4. Receipts he1S were &c cars, with
il cars winter and l cars spring graded No
2, OF which cars winter and 8 cars spring
were on special track There was little
strength in wheat just before the close. May
sold up to 81 10s4 and closed at 81 l0Ss, or
exactly as on yesterday. Corn was weak and
heavy early and prices went fractionally
lower than last night. Then there was q
change Of sentiment some buying OF January
by shorts and alttle better buying all around
This advanced prices l2GLSIc from the bottom.
December sold at 33$4@34$sc at the close;
January, 3334Gl 315sc at the close, and May,
3GS403714c at the close Even better puces
were bid after the tap Of the bell. Receipts
here were SIS cars with only 25S cars for
tomorrow. The grading this morning gave
but 20 cars of No. 2. A rally was expected
by some in provisions Today after the break
of Monday. Cudahy and others still talk
lower prices, and there was no disposition
on the part of the crowd to risk much nj
stopping the decline. Receipts of hogs were
about 5000, with prices n little lower. Re-
ceipts at six packing points were %, 0U0 hogs
short Of last year. Mess pork is now about
50 PER barrel under the price of one year
ago. Sales today for January were at
$G.77l20G. So for ribs, closing AT $3.50;
S775617.S0 at the close for lard and Sl292
@l3 at the close for mess pork. Oats sold
off TO 2Sl2e for May, but recovered and
closed at yesterdays figure; receipts, $50
cars.
THE GENERAL QUOTATIONS.
Wheat-No. December opened atS1 OLA.
closing at Sl04I2; January. Slo5, closing
at Sl.U5l2; May, Sl.IO, closing at Sl.l0Ss,
COrn-No 2 December opened at 33s4c,
closing at 34ssc; January, 33s4c, closing at
34ssc; May, Bose, closing at 37S8c. Oats
No. December opened at 2o14c. closing at
25l2c; January, 25l2c. closing AT 2j5sc; Nav,
29c, closing Mt 29c. Mess Pork. Per bbl-
December, $3.50; January opened at
Sl2.95. closing at S13; May, Sl3.35, closing
at Sl3.37I2. Lard, Per 100 lbs-December
opened at $40, closing at s. %; January,
81 IS, closing at $3.50; May, $50, closing
at $3.50. Short Ribs-Pcr 100 lbs
January opened at S6.s5, closing at
ST so; May, S. 90. closing at S6.95.
Cash quotations were as follows: Flour
steady and unchanged. Wheat-No. 2spring.
SI.04L@l 0il2; No. 3spring, 90Gl9Si2c; No
= red, Sl.0lhG l.04l2. Corn-No. =, 31ls4
34stc. oats-No. >, 25ssc. Rye-No. .. sic.
Barley-No. 2,uone. Flax Seed--No. l. l.5s.
Timothy Seed-Prime, Sl.50Gl. Mess pork,
per Dbl. S13@13 l3i2. Lard, per 100 lbs
s.. l0GS Is short ribs sides, loose. $4,000
6.95: dry sailed shoulders (boxed), So 75G1
6S7l5; short clear sides boxed. s. 35G
gal, Sl.2O Sugars-Cut loaf, sdS ssc: gfanu-
lated. 7l2c; standard "A Use. Receipts
Flour 10000 bbls; wheat, $4,000 bu; corn,
$4,000 bu; oats, 2370O0 blu; rye, 10000
5000 bbls; wheat 30, 600 bu; corn 10000
bu; oats, lG4. 600 bu; rye, 4, 900 bu; barley,
14,00J bu. on the produce exchange to-day
the butter market was duh and weak; fancy
Elgin, 30@32c. Cheese - Western, 26c;
fancy diaries. 23@3Ic; good TO choice, 300
22c. Eggs dull at 2082iC.
THE ROUTINE REPORT.
CHICAGO Dee. lS.-Duung most of the ses-
sion n quiet and rather dull feeling prevailed
in wheat, though there were temporary
Fpurts of buying and selling which helped 20
liven up the market. II was the dnlest day
witnessed for some time, and the trading was
almost entirely confined 10 local operators,
and they are as far from deciphering the sit
uation as they were then. Outside business
was exceedingly light. The market here
opened easy ana $50 sc lower than yester
days closing and declined lac more under
moderate offerings. Later it recovered. ad-
and the fact TINT there was not
much wheat on sale eased off Ssc
rallied to outside prices and closed
about the same as yesterday. A fair trade
was reported In corn, and the feeling deve-
oped was stronger. with the exception of n
short period after the opening, when values
were easy. There was evidently con
siderable short" interest out from yesterday
and in covering to-day, prices were ad-
vanced offerings being quite limited at
times The market opened about Isc. rallied
under better demand and sold up S46I7sc.
and closed firm nj outside prices, ana closed
lac higher than yesterday. A large specula
tive business was transacted at a lower and
irregular range of prices. May was the only
future that received special attention, and
prices declined l2c. The decline i'll.
cluded free buying by shorts and
rally to opening prices followed
During the latter part OF the session a
steady feeling prevailed. Closing sales at
about closing prices yesterday. Quite good
speculative trade was reported in mess pork,
and the market exhibited considerable stead
iness. Prices opened 5@7I2c higher and a
further appreciation of 5@7l2c was gained.
Later the market was easier, and prices
settled back again TO medium figures, but
closed firmer. comparatively light trade
was reported in lard and steady feeling
prevailed Prices ruled 7i2@loc higher and
the market closed steady at outside figures
Only moderate trade was reported in ribs
the feeling was steadier, especially for the
longer deliveries Prices ruled 2lsQjc