St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1888-12-24
The COMMERCIAL RECORD.
Despite Heavy Selling by Old Eutch
Hay Wheat Shows a Practical
Advance.
Corn and OATS Dull and Shade Easier
Provisions Showing Some
Strength.
Financial Operations in the Monetary
Centers---The General Quota
tons.
Snecial To the Globe

GDfCldl " luC OACbCs
CHICAGO. Dec. 22.-May wheat turned On
81 .U8 to-day. as it did yesterday. The bottom
point was also the same-Sl .07l2 While
I.OsI2 was the outside price up to l p. H.
with every indication of a quiet closing
There was no development in the pit that
gave the crowd much light on the probably
future of the market. The price OF May
started at 81 .0734, and on the weakness pre-
vailing touched S1.07l2. Then there was
buying by Baker Milmine, Bodman d Co..
Schwartz. Dupee and others. On these the
price went quickly above 81 .0S; in fact, adj
yanced to 81 .OS$8 at the end of the first hour.
After reaction TO 81. 08 second bulge about
noon put the price to Sl0Sl2, the outside for
the session. Hutchinson is credited with
sales of about 500. 900 bu from 81. Oslo down
to SI.OS His selling stopped the advanced
it is claimed. Twenty minutes before the
close the market was weak at lOSl8 and ap-
parantly strong at 81 .0778. Sales for Decen-
Der at S1OI24@I January ranged
SlO2AG01.03. Receipts were 43 cars. New
York was inactive with an early decline TO
I.OsSs, and the close at Sl09 for May. There
were no clearances OF Atlantic ports, except
a few thousand bushels from Philadelphia.
Wheat closed fairly strong at Sl.OSA. or &c
over last night. There was heavy, dull feel
ing in corn the greater part OF the session.
Receipts were 316 cars, with 425 cars es-
timated for Monday. Prices ruled lower, with
closing prices at 377sc for December ana
January and &c for May. Oats were dull
and shade easier but trading mostly OF a
scalplng nature. Receipts were larger than
expected and aggregated 100 cars, including
45 cars Of contract grades. May sold at
29M29Isc and 29lsD29Bc and closed at
29ls029Ac. Samples dull and lower oW-
ing to. liberal offerings. The business in pro
visions was fairly good, without any special
feature to the trade The market appeared
strong because prices were advanced early
by the shorts who dare not stay out De-
cenber lard sold at the outside price of FRI
day. at S8.l5 early, with $3.50 bid before the
close. Nav ribs sold at 81 .676l7.12l2; May
lard, S7.95@S.05 returning TO IS. Mess
pork sold at Sl3 l5@13,30 for January,
closing at Sl3 22I2. May sold at $1,000
1861, closing at the outside. Hog receipts
were ll2, 900 with packing 27l,O0O behind
last year.
THE ROUTINE REPORT.
CHICAGO. Dec Ono specially new feat
ures were developed III wheat To-Day, and the
market ruled quiet most OF the session. The
closing and sold Off lac more, at which figure
there was moderate buying, sufficient to
cause Slight rally, which, Influenced by
rumor that six boatloads had been taken at
Baltimore for export caused shorts TO
cover, and with the aid OF little help by
local bulls prices were advanced 1c. The ad-
vance brought out fair offerings. ana is be
lieved to be mostly long wheat, some local
holders evidently feeling dis o ed To tighten
their load Prices settled back Asc,
and the closing Isc higher than yesterday.
Corn was devoid of any particular feature,
very little interest being manifested, and
transactions were chiefly among the oper-
atOrs. The feeling was inclined 10 be easier,
and trading was within lower range than
Yesterday About the only depressing in
fluence was the rather free offerings of Jan
uary and there being butlittle disposition on
the part OF the local crowd to purchase, the
market ruled easier il consequence. The
market openeda trifle easier than the clos
ing quotations Of yesterday, and
era, u lily declined A0$sc; reacted
rine. became dull and inactive, and
closed L0SSc lower than Yesterday. In
oats there was only moderate inquiry from
local or outside traders, and II quiet or rather
steady feeling prevailed, but price changes
were insignificant. A moderately firm feel
ing prevailed in mess pork and prices were
higher. Opening sales were made at 7l2c
advance aud further appreciation OF lOfI
I2l2c was gained later. Near the close the
feeling ruled easier and prices receGel l2l2c
and closed quiet. Quite good business was
done in lard, aud there was considerable
strength early III lnt uiN. IIlccS were du-
vnnced 5GG7Iac per 100 pounds, but the
market weakened and tho advance was lost.
Trading was moderate in ribs and the feel
ing was steadier Prices ruled 2l2W DC higher
and the market closed steady at inside fig
uIes.
THE GENERAL QUOTATIONS..
Wheat-No. December opened atSl OLE,
closing Mt 81 OILS; January. Sl.02A, closing
at 81 OPS May. Slo724, closing n Sl.0Sl4
Corn-No2 December closed ut 33Ssc; Jan
- "a .1A gfttu nt
ing at 37c. Oats--No. . December
closed at 255sc; MAY, 29lsc, closing at
29lsc Mess Pork. Per bbl-December
closed at Sl3.22l2; january Sl3;l3. clos
$3.50. Lard, Per 100 lbs-December,
opened at IS 20, closing at S.. 80; January,
81 91l2, closing at S7.92l2; May, S7.95, clos
ing ut SIS. Short Ribs, per 100 lbs-Jan
nary opened at 5000. closing at G;92l2;
May opened at S7.07l2, closing at S7.05;
Cash quotations were as follows: Flour
firm and unchanged. Wheat-No. > spring,
$LO201. OILS; No. 3 spring, S5093c; No.
. red, Sl.O2GDl.0 2ls. Corn-No. ,, 33l2c.
Oats-No. ., 25l2c. Rye-No. ., 5Ol9c. Bar
ley-No. ., none. Flax Seed-No. l, 81 80.
Timothy Seed Prime 81. 470l 4S. Mess pork,
per Dbl, Sl305@l3.25. Lard, per 100 lbs,
$3.50; short ribs sides, loose. S69Od6.95:
dry sailed shoulders (boxedl, S6.75@6. S7I2;
Whisky-Distillers' finished goods, per gal,
ST 20. Receipts-Flour, 5000 bblS: wheat,
$4,000 bu; corn, $4,000 bu; oats, ~
600 bu; rye, 1000 bu; barley. 6l,000 bu.
Shipments-Flour $4,000 bbls; wheat,
10000 bu; corn, 263, 900 bu; oats, l29,-
600 bu; rye, 5000 bu; barley, 1000 bu.
On the produce exchange to-day the butter
market was dull and weak; fancy creamery,
2S@30c; good to choice, 23@24l2 fine
diaries, 22@23; good to choice, 2OQ22c;
Eggs dull at zoe.
r. M. NEWPORT & SON,
Investment Bankers,