St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1890-12-20
WHEAT CABLES FIRM.
They Are the Strongest Re-
ceived for a Number OF
Months.
May Closes One-Half Cent
Over Ending Prices Of
Thursday.
Wall Street Business Falls
Away to Holiday Pro-
portions.
Bulls and Bears Awaiting the
Outcome Of Financial
Legislation.

CHICAGO Dec. 19.-There was nothing OF
Interest to wheat spectators in this morn
ings budget of news except the cables, but
the tone OF those dispatches was decidedly
strong. The market opened firm ct 1Sc to
Ac improvement on the closing prices of the
preceding day, Notwithstanding some elabor-
ate preparations TO keep it down. which had
evidently been made prior TO the opening.
Partridge had fringe of brokers arrayed
around the pitt who apparently had each
%, ZOO Blu to get rid of on the jump at start
ing time. Item after item of bullish news
kept dropping in up to IL O'CLOCK. and prices
appeared to struggle hard for freedom from
the enthrallment of the bear operators, but
up to that time were only successful
to moderate extent the highest
point reached having been S1.0Oss up to the
time referred to. The call price was the first
obstacle the advancing prices struck after
having wIestled for time and overcome the
early opposition of Partridge. The selling
against calls was likewise left behind, as in
dicated by the quotation of $1.005S referred
to above. Partridge, at the price last named,
again urged on his cohorts to the attack and
Hutchinson apparently came to the conclu-
sion at the same time that wheat was sale
'1or turn" The opening of the sluices of
two such dams had the effect of causing re-
came to hand in the course of the session
continued to maintain very bullish tone and
were, in fact, the strongest received in
months. The latest mail advices from Eu-
rope suggest as one of the canses OF this I'M
provement i'll the dispatches the fact of
France having recently become an active
competitor with England for the cargoes of
California wheat on passage. There was
report from Kansas City that some carloads
of wheat, which were en route to this market,
ho6 n6 IN M %
being able to get dc more from the local
millers in Kansas than could be obtained
here. There were reports of damage to Rus
sian fall-sown wheat, by winter-kiil1ng. New
York wired the placing OF considerable
quantities of spring wheat in the United
Kingdom ON cable offers made the previous
afternoon. Duluth was stronger and 1c
hi"her for cash: Liverpool was I2d to
I'D higher. and New York led the markets of
tbs country in starting the advance. Bust
ness was dragging IN character until IL
O'Clock, and there was lack OF orders from
outside, bnt those and local dealings in
creased later, and fairly active trade was
done in the last hour of the session. May
closed at S1.i' 1a or l2c over the closing on
change yesterday. The corn pit was not
very interesting 10 either spectators or
spectators. The fluctuations in the most
active delivery were confined to range of
about I9c. 1t was remarked, as a point in
favor OF the bulls, that No. 3 corn in the cash
market was selling now within about 3l2c of
some early, Kenneth-Hopkins taking one
lot of $4,000 bu for him. Hutchinson
bought few fives and tens. but was evil
IDENTITY contented to have the market remain
within the lines of puts and calls. The pro-
vision market was fairly active and good
deal firmer. The packers are evidently in
disposed to kill the goose which is laying the
golden eggs and come to the support Of the
market. They are not likely to spoil the
prices of futures SO long as hogs are forth
coming in great plenty. Hutchinson sold
loo, 0Ou lbs of short ribs on the call;
ately. Cudahy was a seller of pork, the
Anglo-American people were buying lard.
The leading futures ranged as follows: