St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1891-12-31
News Is Scarce and Trading
Slow On Chicago Board
Of Trade.
Fractional Gains Were Made
on a Featureless But
Firm Market.
Oats Alone Failed to Show
Improvement in Closing
Figures.
Closing Out OF Deals for a
New Start Is the Order
on Wall Street.

CHICAGO, Dec. 30.-Trading in wheat was
very slow today, ana the market was almost
featureless, though prices were generally
firm and higher than at the close yesterday
afternoon. There was very little in the way
of news to affect values. Outside orders were
slack, and local traders were not inclined to
open any considerable new lines of business
before the close of the current year. In fact.
the strength shown was chiefly the result of
purchases to even up deals preparatory to
beginning the new year with squared &C
coInts.
The early cables brought no encourage
ment. Some Of them quoted London and
Liverpool dull and unchanged. while others
announced the markets weaker. A Havre
dispatch said the market there was glutted
with California wheat Another telegram
said that the worlds wheat shipments to
Europe during the past twenty-one weeks
were A.. 900, 900 bu in excess of requirements
On the other hand the receipts at Duluth and
Minneapolis were light, and a cold wave,
which might cause damage to winter wheat,
was reported in the Northwest with the tenn
peratures extending from 10 TO 10 deg. below
zero.
il was this. doubtless, which made the
shorts somewhat uneasy at the start and
caused considerable courage with some ad-
vance around the opening. But the buying
was not large. and when the demand had
been supplied the market again relspsed into
dizziness and weakness. This was aided by
later report in regard to the cold wave, say
ing that 1t would not probably extend as far
south as the winter wheat belt. Bfadstreet's
reported an increase in the available supply
OF wheat east of the Rockies of 1,73l 600
bushels and decrease of 654,000 bushels on
the Pacific coast; net increase, 1077, 900
bushels.
During the latter part OF the session trade
was iifeless. the pit being scarcely half full.
The closing public continental cables re-
ported Berlin somewhat lower. but Paris was
III confines higher on wheat though lower
on flour. Some private cables quoted prices
higher and this induced more covering by
shorts in the last hour and advance, which
left the market firm at about the best figures
Of the day May opened at e5sSc touched
95s4c, receded to 9j4c. advanced TO 96c, weak
ened TO 9jSsc, rallied and closed firm at
957sc
Corn was very doll and almost without
feature, fluctuations in that cereal being con-
fined TO range of ssG,sSc throughout the
session. the close at the top figures
Of the day and at an advance of lsQAc
over yesterday. The receipts were heavier
than estimated but the grading was lower
than usual, amounting to only q carloads out
of 1913. Early in the session the market was
weak on offers by receivers and longs, but
during the last hour it frmed up in sym2a-
thy with the trmness i'll wheat.
Oats continued dull and featureless within
anarrow range of values, as has been the
case for some time past.
Hog products were weak early, owing to
heavy receipts OF and lower prices for hogs
but later IN the session there was rather
brisk demand for shorts, and the market
grew strong, with an accompanying advance,
which lett prices higher than at the close
yesterday. Estimated receipts for tomorrow:
Wheat, 165 cars: corn, 175 cars oats, 12S cars
The leading futures ranged as follows: