St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1888-12-17
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.

Special TO the GLOBE.
CHICAGO, Dec. l5.-Every one acted as II
they expected q break in wheat. as usual on
Saturday. There were some indications OF
II early. and the price of May went s4c below
last night A few operators took advantage
Of the general expectation of break, ana
this not only prevented a 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 fiat and the close l2c lower, at
Sl1l4 for May. Duluth weakened l2c early
also. In this market, Mitchell HelmhoiZ,
Norton d Worthington, and Swartze Dupee
were prominent among the buyers, with Jones
kennett on the selling side. At p. m. the
price was Nc over the close last night. De
cember was nominal at 81 04s4 to 81. %; Jan
nary sold at 1O5A and S1.O3as; May sold al
81 IO14 TO S1.l0l2 to S1.095sG1U9S4 TO
S1.10i2 to SI.10 to S1.10l2. The estimate
for Monday was Al cars The strength
which began TO develop in wheat about
p. m. increased just before the close and
May went quickly to Sill and closed at the
figure, or s4c over last night. The strength
was caused by short selling early, with ex-
The crowd bought 10 geteyen. Corn was
dull heavy market. Receipts were 33l cars,
with but % cars of No. 3 There were no
special feature TO The market. Oats were
quiet and steadier for May, and prices adj
vanced Ac December was easier and de-
clined lac, but at closed at zoe. Ar
rivals were 22O cars and Withdrawals
from store. 4.61O 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 slow market Tor
hogs early and prices 5G1l0c lower. Re-
ceipts Of hogs were about 10000 tins 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 80, 900 hogs and
10000 for next week. January lard opened
Sc lower at So 80, sold at SGs5 and back to
$500 January lard opened l0c lower at
1912, sold at 81. 20 and back to S7.72. Pork
opened at Sl3.25 for January and Sl3.67
for May, sold down to Sl3.10 and Sl347
and rallied to SI31Tl2 tor January and
$3.50 for May.
TIE ROUTINE REPORT.
CHICAGO. Dec 15.--Wheat was rather dull
most of the session, and the feeling un
settled. Fluctuations were again conilhed
within moderate range and closed hlgher.
The opening was about the same as yester'
DAYS closing, and after slight advance be-
came weak and prices declined age, then
rallied 2sc lluctuated and closed about Csc
higher than yesterday. No special features
were presented, and the little outside news
was without effect. The market was spec
ulative one Shortly before the close
there was sharp rally TO outside hg-
ures influenced by shorts covering and pos
sibly buying by some parties, who were IN
teresied 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. IL
was estimated that the visible supply would
show 400 900 TO 100000 bushels increase.
Corn ruled qmet and dull most of the ses-
sion, though ut times it was moderately ac-
tive. The feeling was easy early and steadier
later. Market opened nj about the closing
prices of yesterday. iluctuaed within AGD
NC range and closed about the same as yes
terday. Receipts were liberal and this, to-
gether with the free selling of May and Janu
airy by n large local operator, chiefly the
former. had n tendency 10 create weakness.
Oats were moderately active early. there
being fair supply of Luying orders received
for May AT 29c, but although opening sales
were at the figure few transactions were
made, owing to the disincination of a ma.
jority of holders to sell. Prices
closed steady December was weaker. and,
although veay duh declined Isc. Consider
able interest was manifested in mess pork,
and an unsettled and weak feeling prevailed
curing the greater portion of the session.
Offerings were liberal and the demand quite
brisk Opening sales were made at 06GI2Isc
decline, and further reduction of l2l20
l5c was submitted to. Later the market
ruled steadier, and prices were advanced ia
7l2c. ana the market closed quiet. \ weak
feeling prevailed in lard Prices ruled IT.
re, uar Opening sales were made at 5M7l2c
decline. and further reduction of zig
was submitted TO. Toward the close. prices
rallied slightly, and The market closed rather
quiet. Quite large speculative business
was reported IN short rib sides. Sales at the
opening were made at 5@7iac decline and n
further reduction of 2l2@3c was aceeded TO.
Al the decline the demand improved and
prices rallied 2l2@5c, and closed compare
lively steady.
THE GENERAL QUOTATIONS..
Wheat-No. = December opened at 81 .04ss,
closing at 81 05ii; January. Sl.05ss, closing
atSl.U64 May. Sl.lul4, closing at 81 l0Is
Corn-No, , December opened at 3Ihc,
closing nj 33a4c; January, 344c, closing at
34isc; May, 37l4c, closing at 37lsc. Oats
No . December, 26c; January opened at
29Ac. Mess Pork. Per December Sl3.1 :;
January opened at Sl3.25, closing at
Sl3l May, Sl3.67ts, closing at Sl3. 52l5
Lard, Per 100 lbS--December opened at
SI.STL9, CLOSING al -, january, S1.G1le
closing at S7.75; May, S7.S7i9, closing at
S7.S2l9. Short Ribs-Pcr 100 lbs
January opened at $3.50, closing at
$3.50; May, S702, closing at 81
cash quotations were as follows: Flour quiet
and unchanged. Wheat-No. > spring 81 %
GG1O5A; No, ) spring, 92093c: No. red,
Sl.056Dl .05l4. Corn-No. >, 3334c 0ats-No
>, zoe. Rye-No. ., 5ll2c. Barley-No 2
none. Flax Seed-No. l, Sl.51l2. Timothy
Seed-Prime, $3.50. Mess pork. per Dbl
Sl3.12isQl325. Lard, per 100 lbs
SIS; short ribs sides, loose. So 95GI7:
dry sailed shoulders tboXedl, S6.756l6 SLY /;
short clear sides boxed, S7.256IZ. 37la
NEUTRALITY-SUSPICIOUS. finished goods, per gal
Sl20. Receipts-Flour, 1900 bbls: wheat
5000 bu; corn, 231, 600 bu; oats, 200, 900
bu; rye, 1900 hu; barley, $4,000 bu
Shipments-Flour 3 1000 bbls; wheat {, 900
bu; corn, 2lI,000 bu; oats, lbs, 600 bu ::
rye, 1000 bu; barley, IS,o01 bu. On the
produce exchange to-day the butter market
was easy; fancy Elgin creamery, 81 132c
choice Western, 266l27e: fancy dairy, 2369
21c; good 10 choice lS020c. Eggs duh.
r. M. NEWPORT & SON
Investment Bankers.
1872 153 and 154 Drnke RLock 81 PAM