St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1888-12-10
The COMMERCIAL RECORD.
Heavy Selling Orders From the North
west Cause Slump in May
Wheat.
Corn and Oats Active But Irregular
Provisions Also Proving De-
Cidedly Weak.
Financial Operations in the Monetary
Centers-..The General Quota
tons.
Special to the Globe.

Special to the Globe.
CHICAGO, Dec SIT was a comparatively
quiet day in wheat with spurts of activity,
and the market generally weak. Early prices
were a trife better than the close, but after
IL a. NJ there was quite decline. May
sold at S1.09$4@1 1018-1.10A, off TO
$1,000, where the price was held for a
time, as on Friday. Dispatches from the
seaboard gave better buying feeling; they
held out no hopes for further export bust
ness. Later there were selling orders from
the Northwest, and on these the price of
May went off to the lowest point of the
week, SI.0SS4 January sold down to S1.O4.
Chicago receipts were fifty-four cars. with
forty for Monday. Primary receipts, 40o, 900
bu. New York cleared l59, 900 bu more of the
Lisbon engagements supposed to be the last 8.
Sales of No. Chicago wheat at New York at
DC over December were reported. The market
here showed no rallying power toward the
close Wheat closed weak at 1:15 D. m. The
closing prices on corn futures to-day were
just shade petter than on Monday, although
they were at the lowest points of the day.
The receipts were large 500 cars, but a little
under the estimate. The weather looked I'M
favorable, and the crowd thought there was
chance for n slight advance. Scalpers
bought freely, thinking that buyers would
come in and want it. They did not come
January sold at So lSG3514c, closing at 80 18c.
May sold at STAG 73sc, and closed 37s4c.
Oats were active, but unsettled, and prices
irregular. December and January were bid
up 12@5sc by few nervous shorts. This
helped the market for May and prices ap-
preached l2c. This induced free selling by
scalpers and prices declined to opening
figures, and the market closed easy. Re
ceipts, 1S3 cars. Provisions proved very
weak to-day and most of the advance of pre-
vious days was lost. Prices were steady for
hogs early, but weakened before close. The
opening prices for provisions were steady, or
a trife under the close. Opening sales for
January were: Short ribs. $40; lard,
$9.O7; pork, $3.50. The loss for the day
was 12lac for ribs, closing at $6.97l2; zoe
on lard, closing at S7.9712, and 32l2c on
pork, closing at $l3. 37I2.
THE ROUTINE REPORT.
CHICAGO Dec. S.-With the exception of a
temporary firm feeling early in the session,
wheat ruled weak and heavy most of the
day, and prices dipped slightly below the
lowest point reached yesterday. The opeil-
ing was about 14c higher than yesterday s
closing. and advanced 14c more without any
were not large and demand moderate. But
at the advance the speculative offerings
became heavy, and prices declined
l2c. Then the market became strong
els having cleared from New York
and prices again rallied, the market adj
vancing to outside range. The advance,
however, was met with liberal offerings,
which again turned prices downward, and
declined 1ssc. On this decline it was
Iumored that considerable long wheat had
been closed out by parties who had recently
turned bulls" Later the market ruled a
trifie steadier, and the closing was about 5sc
lower than yesterday. Corn ruled quiet and
steady. with trading of light local char
acter fluctuations being limited to l4c range.
Opening sales were at slight advances over the
closing prices of yesterday, after which the
market became duh and neglected, closing a
active, but unsettled. The opening was
steady, especially for December and January
delivery which were inquired for more
freely. Holders showed little disposition to
sell and prices were bid up Loose, with very
light trading. The firmness in the near
futures caused better feeling in the May
delivry and prices advanced l2c.u This
brought in fair selling orders, and as early
buyers had been filled up, decline
TO opening prices followed and the
speculative business was reported in
mess pork. and weak and unsettled feeling
prevailed during the greater part of the ses-
sion. Opening sales were made at yester-
days closing figures. and reduction of $50
37l2c was submitted to later in the day.
Toward the close the feeling was steadier
ana prices rallied 2l20G5c and closed steady
a fairly active trade was reported in the
lard market, but the feeling was weak, and
prices suffered decline of l71aM20c Near
the close the market was steadier, but trad
ing was light. Trading was moderately act
i've in short ribs, and the market ruled rather
weaker during the greater portion of tho
change. Prices ruled somewhat Irregular,
and declined 12L2D15c. and the market
closed quiet at aboutinside figures.
TIE CT NanAL QUOTATIONS..
The leading futures ranged as follows:
Wheat-No. =, December opened at Sl.O3l2,
f closing n 4 az o2a ay 9agqaF s eds sq s
SIOe7s Corn-No. 2, December, opened at
34!Sc closing at 347sc; January, 351sc.
closing at 35c; May, 37S4c, closing at 3734c,
Oats-No. 2 December opened at 25S4c, clos
ing at 268sc; January closed a 26l2c; May,
1870, closing at S1337l2: May, Sl410,
closing at S13.77l5. Lard, Per 100 Lbs
december opened at S. 2l2, closing at
S9.07l2; January, S9.U712, closing at 81. S7l2;
May. $50, closing at $500. Short Ribs
Per 100 Lbs-January opened at $40. clos
ing at Sc zig; May $725, closing at $40.
Cash quotations were as follows: Flou
firm and unchanged. Wheat-No. 2 spring,
Sl.o2ls@1 ;o2ss; No: spring, ss@95e; No.
BarleyMHo. . hon none. N fIaxseed-No. ~ /.
$l.54l2@1. 55. Timothy Seed-Prime, S1.53
OLD. Pork-Mess per Dbl, 3,37l2@
Short Ribs-sIdes Qoose), SOLO; dry
sailed shoulders (boxeGD, S7@7.12I2; short
clear sides (boXed), S737l2G97.5O. Whisky
-Distillers' finished goods, per gal. ST. 90. Re