St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1890-12-02
Grain MARKET DULL,
Nc Particular Significance in
Any Of the Early Deliv-
cries.
RumorS OF Failures Still Con-
tinue to BRIGHTEN Timid
Operators.
The Wall Street Stock Market
Exhibits q Weak
Temper.
Regarded as a Natural Conse-
quence Of a Too Rapid
Rise.

CHICAGO, Dec. 1.-The grain markets
opened weak ana dull, closing active and
strong. Wheat. corn and OATS after opening
lower than they had closed on Saturday, re-
covered the loss and wound up with substan-
tial gains. Provisions could not overcome
the enormous receipts of hogs and are low er
at the close to-day Than on Saturday. 1t was
1879 o'clock when trading commenced, as
is customary on the first business day of the
month. The deliveries on December con-
tract, which occupied the time previous to
the opening, had no particular significance.
Outside markets were easier and stocks
started in weak and generally lower. These
were the early occurrences, under which
prices started at q decline of about Ac from
Saturdays closing quotations, May opening
with very free sellers at Sl.Ous4, and scarcely
any buyers, until 1t was offered at
Sl.O0l2. At the latter price. however,
the entire crowd took the buying
side, and the price went up instantly to
Si.Uu5s. Rumors of failures among the opef-
ators III stacks still continued 10 fHghten
those who cannot perceive monetary panic
or crisis is no longer among the probabilities.
The majority of the foregoi items being
somewhat encouraging to thuse who were
long caused corresponding encouragement
10 the shorts, and the latter became good
buyers. The bulls did not fail 10 whip the
market up, and by o'clock the prices mad
been advanced over &c per bushel from the
lowest point of the earlier dealings: Decem-
Der was III bad favor at the opening of the
session. and sold as low as 9l7se, ana during
the greater part of the time maintained
spread of Size, ana sometimes of 65Sc from
May. Trading, which WAS rather slow
up to noon, became much more active
on the advance. but it was large
" local i'll character. Commission houses
generally complained of outside business
being light. There was slight reaction in
IL. fd.v IA sal
left an advance of about 84c over Saturdays
closing figures. The market for corn was
weak when trading started and for long
time business in the pit was dull and huct u
atiOns very narrow. The business passing
was described by one of the traders as "a
mere see-saW between Hutchinson and Bloom
for sixteenths." Bloom was the seller and
Hutchinson the buyer, and as the strong
tone of the wheat market in The END gave the
latter the long end of the plank. he and no
difficulty III raising the price early over its
lowest price at the opening. The first sales
were lrregularly made at from So to 5-a5c,
with at least one sale at o234c; but there was
a recovery in a very short time TO 53s4c. and
between that price and 53Ac the bulk of
the early trading was done. There
was a good demand from the Eastern
sellers when wheat commenced TO harden.
AID the price in the last hour advanced
10 53s4c, leaving off with buyers
at 53l2c. Oats were moderately active. and
Il shade easier early, but advanced l2c on
DuylnG by q large TRACER, VINO afterwards
tnfned seller. and prices receded ssc. and the
market closed steady at Slight advance
over Saturday. Pork-Trading was muder-
ately active and prices iuctuated consider
ably within q small range. Opening sales
were made at Ice decline and a further re-
ductIon of 2I2@5c was submitted to. Later
prices rallied I212@l5c but settled back
again slightly, and closed steady. Lard-A
fairly active business was transacted and
prices ruled somewhat irregular. within a
small ran e. Opening sales showed reduc-
ton of 2l2G5c, and a further depreciation of
sc was submitted 10. Later prices rallied
medium figures. short Ribs-Rather more
interest was manifested. At the opening
the feeling was easy. aud sales were made at
Sc decline, followed by further reduction
of 2l2c Later prices rallied 2l2@15c, receded
slightly, aud closed rather firm.
The leading future ran"p'' rs follows: