St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1888-12-08
THE COMMERCIAL RECORD.
Bears Are Afraid to Break the Wheat
Market, Hence Only a Frac-
tional Decline.
Corn and Oats Only Moderately Active,
Provisions Alone Showing ANY
Decided Strength.
Financial Operations in the Monetary
Centers---The General Quota
tons.
Special to the Globe.

Special to the Globe.
CHICAGO, Dec. Wheat opened with
weaker feeling but there was no decided de-
cline. After the price OF May got Ice under
last night, there was fight for about two
hours before May got moro than Ac either
way from S1O9l2. When the hesitation
ended it was in favor of the bulls, and the
price at l D. m. was at 81. 097S, exactly where
it closed last night 1t becomes more apDar-
ent every day that prices will hang heavily
where they are until some new influences
are felt. The movement here and elsewhere
for twenty-four hours were not significant.
Primary markets received about the usual
amount There were no export clearances.
Receipts here were 50 cars with only lew
cars of No. .. At New York, prices
were 1ac off at the opening and
trading was reported exceedingly light.
January sold early at $1O4A@l.o4l2'
May opened at S1.09&4, went TO S1o9l2 to
$110s4 to 81 .G94, the bottom Tor the morn
ing, to 81 09l2@1 0998, held there for time
and went to l.C97S at o'clock. and again
weakening before the close. The little bulls
are filed up and the bears, who were able to
break the market. did not think it safe to do
so, and the dav was uneventful. During the
last ten minutes May wheat sold back to
SI.O914 and rallied to S1.09l2, where 1t
closed. Sac under last night. The corn pit
was moderately active at times, but dull on
the whole Receipts were about as exrected,
346 cars, with nearly 10 per cent graded No.
9. IAN Improvement over yesterday. The out
inspection was small, only 10000 bu.
Sales for the month were at 3olsc, ana
down to 34S4c. January opened at 3oAc
and closed at 35c. May sold at $3.50
and 377sc, closing at the inside. Trading IN
oats was fair, but the feeling generally weak
and prices averaged lower, but changes were
small. Receipts were 202 cars and inspec-
ton better than yesterday. AS on the prevl-
DAYS of the week provisions were active,
being strong early and weaker toward the
close. Short ribs opened sc higher, lard 7l2c
higher. and pork 1920 higher Sales for
Sanuary early were ribs. S7.15@7.20; lard,
IS. 22@9. %; pork. S13.65@13.95. On the
call there was selling by Armour d Co. and
others, and prices went off sharply. Pork
reacted to S136712, the close last night, and
rallied to $3.50 at the close. Ribs closed
212c higher as 81. 1913 for January, and lard
2Iac higher at So. 10 for the same month.
There was no general selling on the advance
in prices.
THE ROUTINE REPORT.
CHICAGO. Dec IA dull feeling existed in
wheat during most of the session, and fuctu-
ntions were confined within narrow limits
The opening was shade under the closing
figures Of yesterday, selling off Ssc, then raj
lied S4c, declined lie and closed Csc lower
than. Yesterday. What little business that
was transacted was almost entirely local;
outside orders being fewer than usual and
the market governed by local operations At
interior winter wheat receiving points the
receipts were very light, smaller than last
week and also below the arrivals for the
same day last year. Corn was only moder-
ately active, most of the trading occurring
early in the session, after which
the market became quiet and life
less, the operators giving the pit
but little attention. The feeling developed
on the whole was easier, and transactions
were attn lower range of prices. Opening
sales were trifie under the closing prices OF
Yesterday, after which prices fuctuated
within Ssc range, and closed 1i@sSc lower
than Yesterday. Oats were weaker and un-
settled. and prices averaged lower. fair
voFuine of business was transacted on the
declines there being sufficient buying orders
ta absorb all the offerings, and several round
lots changed hands. On the rallies offerings
were liberal. and q reaction followed. The
marked closed easy at almost inside figures.
UDite an active business was reported in
mess pork, though prices opened somewhat
irregulary The market opened rather
strong at 1CM12l2 advance, and fur
ther appreciation Of 5@7i2c was gained dur
Sng the early part OF the session. Later
ally settled back 17l2@20c. From this point
mn advance of Zoe was gained, but not sup
ported to the close. Trading was moderately
active in lard. Opening sales were made at
TIs0IOc advance and u further appreciation
of 2ls05c was gained. Later there was lit
tie more pressure to sell, while the demand
slackened and prices declined 10 @1212c and
the market closed quiet. A moderately
active business was transacted in short ribs.
Prices ruled 1G@l2l2c higher. Later the
market ruled easier, and prices settled back
7Isi0I0c and closed comparatively STEADY.
THE GIN2RAL QUOTATIONS..
The leading futures ranged as follows:
Wheat-No. ., December, closed at S1.03A;
January, SIO4la closing at S1.04sS May,
ST .u9si. closing at ST. 9la. Corn-No. 2 De
cember opened at 35l8c, closing at 34S4c;
January, 354c. closing at Soc; May, 3778e.
closing at 375sc, oats-n No 2 December Open pen
closing at zoe; May, 29ssc closing at 29Ac.
Mess Pork. Per Bbl-December closed at
SI3.65: January, $3.50, closing at $3.50:
May,Sl415, closing at $1407l2. Lard, Per 100
al. $50: January, S.. -, closing at s.; 10;
May, Ss22Ia, closing at IS OPP. Short Ribs
Per 100 Lbs-January opened at s. 10. clos
ing at 81. 12l3; May 81. 80, closing at SI21l2 ;
Cash quotations were as follows: Flour
firm and unchanged. Wheat-aNSo, 2 spring
pred, S1.03@1. 03A. Corn-No. 2, 34S4c
Oats-No. 2. 25g4@257Sc. Rye-No; 2, Ole
Bariey-No. p, none. Flaxseed-No. l.
Sl.54 Timothy Seed-Prime, $1.51. Pork
Mess per Dbl, S13.75. Lard-Per 100
los SIS. 2J09. 80. Short Ribs--Sldes Qoose)
$7.1O07.20; dry salted shoulders (boXed)
$7@7. 12l2 short clear sides (boxedl 81. 32la
@75O. WhisKy-Distillers finished goods,
per gal. Sl.20 Sugars-Cut loaf, s@e5sc;
graduated, 7l2c: standard "a" 7Ac. Re
eceipts-Flour, 1000 Dbl; wheat, 27.ooG bu;
corn. 10000 bu; oats 164. 600 bu: rye, s.
900 bu: barley, 10000 bu. Shipments
Flour 1000 bbls; wheat, 5000 bu: corn,
$4,000 bu; oats, 1900 bu; rye, 1000 bu;
barley, 81, 0G0bu. On the produce exchange
to-day, butter market was easy; fancy Elgln
creamery, 32@33c; choice, 2S@30c; fancy
dairy, 24@ zee; air to good, 10000; eggs,
O1GO0n