St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1888-12-29
THE COMMERCIAL RECORD.
Biz Bulls Take Hold of the Wheat Mar
ket and Prices Go Up Accord
ingly.
Corn Advances, Oats Sell a Trifle
Lower, the Provision Pit Showing
Much Weakness.
Financial Operations in the Monetary
Centers---The General Quota
tons.
special to the Clone.

Special to the GLOBE.
CHICAGO Dec. 2S.-The session proved
quite interesting to wheat traders before the
close. The opening was nervous, and the
price of May fiuctuated quickly, touching
Sl.O51l and 81 O4Is the first half hour.
After the latter figure was touched there
was an impression that Hutchinson wanted
TO buy wheat. and the market gradually be-
came strong. while the price of May re-
turned to Sl.O4s4. There was then some
hesitation and much scalping. Later in the
day the news became more bulllsh. The es-
innate of the Price Current, that there will
not be more than 80, OG0, 900 bushels for ex
port from both coasts, was believed
by the trade, and had its infiu-
ence Four boat loads were reportsd taken
for export on the Atlantic coast. In half an
hour from the time the market was at
stand-stlll. many of the old leading bulls
were buying, including Jones, Kennett,
Schwartz, Dupee, McDougall and others.
The price of May shot up to Sl.057s, returned
to S1.05la on realizing sales, and again went
10 Sl.O534 a few minutes before the close.
January sold from 9S7sc to S1,00la, and De-
cember sold at 81. Primary receipts, 49,
BOO bushels There was fair export move
ment of floor. There was apathy in New
York, and little change at other outside mar
kets. Receipts here were "a cars, with but
% cars for Saturday. Wheat closed fairly
strong and active, with May at S1.05l2, or l2c
over last night Corn opened steady.
showed slight declines early. and toward
The close became quite strong with
wheat There was heavy buying of May by
Lamson Bros The estimate for Saturday
was for 100 cars which helped the strength
in the pit December ruled at Sic. January
sold at 337sO34Ac, closing at the outside
price, May sold at 36S4A3714c, closing at
37Isc, or 14c higher than yesterday. Receil t.
this morning were $50 cars, with but q cars
No. 2. The provision pit was not active at
any time to-day. The weakness was due to
dulness more than anything else. There
was selling of May pork by Baldwin, which
helped 10 break the market Il little. The dis
patches from the yards had little effect as
prices there were not materially changed.
Ribs and lard sold 2I3c to 7l2c lower. Mess
pork sold at S13 256g13.37l2 for May, closing
Zoe lower at Sl327 Oats were fairly
nctive and sold a triae lower for May; re-
ceipts 90 cars.
THE ROUTINE REPORT.
CHICAGO, Dec. 2S.-An unsettled feeling
again existed III wheat, and prices ruled 58c
lower and 7sc higher than closing figures of
Yesterday and closed about I2c hlgher.
There was more outside news and that
which came to light. generally of character
favorable TO the s'bull'' interest. The open
ing was from the same as the closing figures
of yesterday TO 14c higher, but ruled easyand
after numerous small fluctuations became
heavy, and prices declined 1lsc. One thing
which resisted the decline was the report
that liberal supplies of California wheat
were arriving and ell transit TO United King
dom ports. The demand improved here,
several local traders being credited with
buying freely, and this turned the course of
prices upward, The buying was not
done by Eeo parties i6s % Whitehall nave gu re-
heads in wheat. and VINO have received the
most publicity. but by several traders who
only recently were supposed to have taken
TO the long side; Prices were advanced
lac, with only slight fluctuations, showing
the buying to have been steady. The finn
ness was stimulated some by the report that
four loads of wheat mad been taken in Phila-
dolphin for export, and rumors that the
stocks of flour and wheat in United Kingdom
points would not be as large as had been eX-
pec:ed A fairly active tIade was reported i'll
corn, and the feeling developed was stronger.
The market opened at Yesterday closing
price, and closed ls6p14c b CHER than yester-
day There was good demand both in
local and country accounts, shorts covering
10 a considerable extent Advices from
some sections of Kansas and Nebraska
points as to holders being quite reluctant
about selling their corn at present prices
and this alone lent some strength 10 the mar
Get. Oats opened steady. Then several
large traders began TO sell, which forced
prices down A0Ssc This was followed by n
rally TO opening figures, and the market
closed steady. A weak feeling prevailed in
pork during the greater portion or the day,
with a fair business reported. Prices de-
clined l56l2Oc on the whole range and u ed
somewhat irregular. Trading was mouer-
Rtely active in lard during the greater por-
ton of the day, and prices exhibited very
little change. Rather more doing in short
rib sides Prices rul, 5@7l2c lower and the
market closed steady Al medium figures.
THE GENERAL QUOTATIONS.
Wheat-No. December, closed at 99s4e;
January, opened at 997sc, closing at 81;
NAV. ST %, closing at S1.05t2; July. 9SSsc.
closing at 95S4c. Corn-No. . December
closed at 337Sc; January opened Mt 31$sc,
closing at 34lsc; May, 36Ssc, closing at
37lsc. Oats--No. 2 December opened at
25c, closed at 25c; January, Zoe, closing
AT 25lsc; May, 2ss4c, closing at 2ss4c.
Mess Pork. Per Bbl-December closed at
$3.50; January opened at Sl295. closing
at S12 so: May, $3.50, closing at Sl3.27l2
Lard, Per 100 Lbs-Deeember opened at
closing at S7.72l9; May, 81 s2is. closing
at $3.50. Short Ribs per 100 Lbs-Jan.
OPsn OTSD at So $3.50 clS GiGsng at at
6s5: May, S79), closing at $500.
Cash quotations were as follows: Flour
firm and unchanged. Wheat-No. . spring
99l2@99s4e; No. spring s4@92e: No. 2
red, 99!9@99s4c. Corn,,No. =, 33@@34c
Oats-No. >, 23c. Rye-No. =, soc. Barley
No. ., 72c o. l. Flax Seed-No. l, ST. .6OI2.
Timothy Seed-Prime, S1.50. Mess pork. per
Dbl. Sl2.90. Lard, per 100 lbs, SS.22laGl
s.25; short ribs sides, loose, $3.50: dry sailed
shoulders (boxed), S6.7566. S7l2; short clear
sides (boxed). S7.12l2@7. %. Whisky-Dis-
tillers' finished goods, per gal Sl.20. sugars
Cut loaf, S@S5Sc; granulated. 7l2c; stan
dord A, Else Receipts-Flour, 1000 bbls;
wheat. -, 600 bu; corn, $4,000 bu: oats,
$4,000 bu; rye, 1000 bu: barley, 6l,o00
bu. Shipments-Flour, $4,000 bbls; wheat,
$4,000 bu; corn, 375, 900 bu; oats, 10000
bu; rye 1000 bu; barley $1,000 bu, On
the produce exchange to-day the butter mar
Ret was dull and unchanged. Eggs dull at
1SGD19c.