St. Paul daily globe., 1891-12-19
A HOLIDAY MARKET,
Excessive Dizziness Prevails
in Trading on Chicago
Change.
The Leading Cereal, However,
Gets a Fractional Lift in
Price.
Corn Was Quiet and Lower,
Especially the December
Option.
Heavy Realizing on a Very
Strong Market in Wall
Street.

CHICAGO, Dec. 1S.-Wheat was excessively
dull today, with little outside business, with
local operators doing next to nothing and
the market had decidedly holiday appear
ance. Al the start there was some weakness,
as the general disposition was to sell on the
hrmness created yesterday. and the was an
early decline of about l2c, but later, on the
stronger and higher cables and there liberal
movement from the seaboard, amounting TO
$4,000 bu, this decline was all recovered
But trade was devoid of animation and the
advance held with difficulty
Some of the private Liverpool cables re-
ported the advance to be all lost, and there
was little or no disposition here to give the
market any support. The movement in the
Northwest was again moderate, but the
weather in the winter wheat belt was re
ported pleasant, though there was still some
talk about Injury from freezing and thawing
Dispatches from Berlin quoted that market
lac higher, with Paris also higher Schwartz
QVpee apd Lamson Bros were the leading
sellers. but even they did not do much.
Pard ridge is still talking quite ,bearish but is
not doing much in the way of selling. The
general impression is that he has covered the
bulk of his short line. He is said to have
sold puts freely last night.
The London Financial News estimates that
exporting countries will have to ship for the
hSAt scFeu mOulHS du average OF l,UUUUUJ Du
per day in order TO supply the European
wants During the last hour the market
showed considerable strength cables were
generally quite firm and shorts were good
buyers, with selling somewhat restricted.
May opened at 965Sc against $3.50 at the close
yesterday, receded 10 96l2c, advanced to 967sc,
eaSed off some, rallied TO 97Ssc, broke to g7c
grew strong near the end. advanced to aud
closing firm at g7I2c.
Corn was quiet and lower for December
There was not much call for that month. the
shorts having apparently all gotten under
cover and the clique had more for sale than
was wanted and hence lower prices ruled.
The longer futures were generally firm; the
improved grading of the past few days was
maintained. December started l2c lower, at
5Ol2c, sold off to 4Sl2c and closed al 49c. jan
uary started at lsc up, at 44l2c, sold to 4ic and
closed at 44isc. May fluctuated between 42s4
aud 4:Ssc and closed at 426sc, an advance of
Isc
Oats were firm and very steady.
Hog products lower. The receipts of live
hogs were a trifie above the estimate but
prices were quoted sc higher. There were
free offerings, however, ana with no one
seemingly disposed 10 support the market
lower prices ruled There was feeble rally
during the last hour, but the gain was lost
again. There was rumor that Charley
Wright was liquidatng his long line of pro-
visions. The break in prices was the most
serious experienced for some time. amount
ing to 35G37l2c for pork, 1Uc for lard and Is
q pc for ribs. Estimated receipts for to-
morrow: Wheat, 200 cars; corn, 800 cars;
oats. I60 cars.
The leading futures ranged as follows: