St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1890-12-11
WHEAT HOLDS STEADY
With Moderate Fluctuations,
Devoid Of Any Sensation
al Breaks,
Receipts at Minneapolis and
Duluth Smaller Than a
Week Ago.
Wall Street Shows Up With
No Very Pronounced
Bull Movem ent.
1t Is Conceded That the Pres
ent Is a Good Time to
Buy Securities.

CHICAGO, Dec. 1O.-The feature Of the
wheat business was its comparative quiet
ness and its moderate fluctuations There
was noticeable paucity Of offerings on q
slight decline which took place in the earlier
part Of the session. and Mr.. Hutchinson was
good buyer on any soft spots during the
day, but both he and Partridge were reported
70 have been sellers whenever the market
showed strength enough to take their offer
lngs without sagging under them. The gen
oral tone was one of firmness, and 14c i'm
2rovement over yesterdays closing prices
was established at the close of to-day's ses-
zion. Corn was steady and generally firm
although closing Ac lower than 1t did
yesterday. There was a good business
done III provisions, without a very great
change in prices The wheat market
opened very quiet and without change in
price since the previous afternoon. There
was nothing in the dispatches received prior
to the opening 10 disturb either of the parties
70 the deal. The present condition of affairs
appeared to afford fair fighting ground for
the holders OF opinions upon each side The
movement of wheat at country points in The
Northwest was again reported to have fallen
OFF considerably but q miller from St CIond
MIMI, who was here. said that the reduced
deliveries were more the effect of reduc-
ton OF Sc in the price than any scarcity of
the article, and that the reduction referred
to had been adopted by the elevator
men for the express purpose of choS-
Ing oil the supplies which they
found very great difficulty In find
Ing money to pay for the wheat The re.
celptS at Minneapolis ana Duluth, although
smaller than week ago, have not yet shown
as great diminution as is reported in the
farmers deliveries, and for the past three
days the carloads arriving at the above places
have been IN excess of the receipts at the
rnGVa fNfNfl Il
at Minneapolis and Duluth to-day amounted
together TO 495 carloads, compared with 377
cars last year. OF the shipments from MIN
neapolis TO other points it was reported from
mere to-day that they usually ran in the pro-
portion OF 20 per cent 10 interior millers and
the remainder to Chicago. The local re-
ceipts to-day were lis cars. compared with
Ioo cars year ago. Bradstreets fig
nres giving the movement fer the past
week at all the principal points east of the
Rocky mountains. were perhaps the most en-
couraglng circumstance to holders in the
day S statistical reports, showing as it did a
reducuon OF 10Y, 900 Blu in the total stocks
since the previous week. There was stock
failure reported from New York which gave
monetary shake to the returning conf
uence May wheat opened at 9S5Sc, with
GALES at 9Sl2c; at the same time it advanced
TO 9Ss4c. but barely touched that price. and
immediately sagged off to 98L2c 1t fiuctu-
steQ Tor some time between 9Ss509SI5c and
Bessc, then declined to 9Shc, only a sale
Of TWO at the latter price, however,
snu tnen advanced gradually until it
reached about forty-lve minutes from the
ciose and 1t was well maintained between
9ess@9S7sc during the remainder of the
SESSION. december was nominally kept at a
olscount OF sac from the price of May. The
opening price of May corn was 547sc, which
showed no change since the previous after
noon. There was sale or two at 55c. but in
The course OF few minutes there were sell.
a md =
1t one period of the session. After again adj.
RANGING to % 7Sc it worked off once more to
s1sse, which later price was bid as The mar
let closed. Oats were slow and easier and