St. Paul daily globe., 1890-12-25
WHEAT WAS FIRMER.
The Leading Cereal Gets a
Brace From the Sudden
Cold Snap.
Trading, However, Is Neither
OF Large Volume Nor Very
I Animated.
Nearly 100000 Bushels In
4 crease in the Stocks East
Of the Rockies.
Fluctuations in the Corn Mar
. ket NarroW--General Mar
ket News.

CHICAGO, Dec. 24.-The wheat mar
ket was tirmer at the opening. The
only explanation of the change i'm feel
ing since the previous afternoon was
the somewhat colder weather. which is
considered bad for the wheat plant in
the absence of snow. Another and,
perhaps. more influential factor was the
Impression, which would naturally be
uppermoSt in the IN n Is of tile local
spectators under the circumstances of
the recent material decline. that shorts
which have been put out around the
bottom of yesterdays decline would be
considered dangerous to the holders in
the event of anything occurring to ell
courage any buying. The cables were
weak. The trading to-day was neither
voluminnus nor animated. The holiday
incubus was heavily settling upon the
back of trade, and its progress in conse-
quence was labOred and slow. Fluctua-
tons were narrow and in frequent out
SIDE business were scarce, and the days
events in the outward circumference OF
the world was not of q nature to change
the present aspect of affairs. Brad
streets announced that the stocks of
wheat east of the rockies had Increased
$4,000 bus during the past week, and
that, indicating a smaller movement
from first hands than had been gener-
ally looked for, was the cause of the
only little squirt which occurred during
the day. here was some good buvlng
OH the advance referred to, some OF
which. by Bigelow q Co., was said to be
on orders from the Pacific coast.
The May future opened at 9T$4c.
touched 911sc, with one or two small
lots even at 98c. This showed an all
vance since yesterd ay's close of 1Sc to
3sc. There was decline to 915sc.
another advance to 9811sc, a dip 10 97asc,
and then the Bradstreet and Pacl ti,.-
c"ast buying influences already referred
to caused an advance to 9SIc. The
price held around 9Sc for some time, but
dropping shots from the bears gradually
turned the market downward in the ab-
sence of any adequate resistance by the
other party. The decline was very
gradual anJ not vely material, and
around S19c there were enough buying
or .erS to hold the market III the near
vicinity of that quotation, and i'll the end
to give All upward Inclination TO prices,
Which left the price of May at 991sc.
] he corn market was hrmer On the COW
ering OF shorts by few of the local
shorts. Iuttle, Baxter and Champlin
were good buyers, and Hutchinson was
the principal seller. The fluctuations
were narrow, but the price was stead
ily maintained at some advance over
the closing prices of the previous day.
May opened at 5l56c, with one or two
transactions at 51119c. The highest price
nadp to-day was 5l$4c and the lowest
515sc, ana it was 5l5sc bid as the mar
kei was being adjourned over Christ
nas. There was light trade in oats.
Prices sawed up aid down, but were
confined to a range of ne. The start
was at 1896 for the May future. Thence
tie price declined to 435Sc, adj
vanced to 441sc, and closed s6c
higher than yesterday at 43Mc. Hutch
inSOn was firm seller. there was
fair amount of activity in the provision
deal. and prices were stronger and
higher. The receipts of hogs were not
up to general expectations, and the
prces as reported from the stockyards
was higher. This gave the market its
first impetus, and as Armour and some
Ot the other packers were buyers, the
lucal shorts thought best to cover their
outstanding trades. Baxter took in a
considerable line of pork on the call.
The advance was general in all The
speculative articles. The closing quo
tatiOns show an advance Of 25c to 2715c
III pork, lUc 10 l2c In ribs, and 30 to TIC
i'll lard.
The leading futures ranged as follows.