St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1891-12-08
ANUIHER SMALL GAIN
On Chicago Change Wheat
Was Decidedly Dull but
Firm.
Good Buying Orders, With
= Very Cautious and Slow
Selling.
9I
Most Articles Traded in Are
II Small Fractions Better
in Price.
More Animation Than Usual
" on Wall Street, but Insig-
nificant Changes.

CHICAGO, Dec. Wheat, while decidedly
dull, was nevertheless quite firm. Cables re-
ported some advance in the English mar
kets, with New York and other domestic
markets inclined to firmness Shorts were
disposed to cover ana the bears were less
aggressive. There were pretty good buying
orders here from New York and st. Louis,
but the selling was slow and cautious The
active local trade was bullish, with Mitchell,
Lindblom and Baxter the leaders. But III
the absence of decisive bull news during the
forenoon, it was hard to advance prices
much.
One of the strong factors was the report
that the government would embrace the
condition of winter wheat in its report,
which is expected next Thursday and there
is a general feeling thai il will be quite I'M
favorable and liable to start prices upward
Hence the desire on the part Of the shorts to
cover. Uncertainty as to what the visible
supply report would show had a tendency to
restrict trade during the morning. The gen.
erOus fall of snow over the winter wheat belt
Is regarded as a much needed protection to
the plant which is less able to stand the
rigors of adverse climatic conditions than
usual.
The receipts at Duluth and Minneapolis
were much smaller than they had been esti-
mated. giving testimony TO the severity of
the storm IN the Northwest. The export
clearances were moderate, and late cables
steady, without material change. The mar
ket remained firm. with.a slowly advancing
tendency till the visible supply figures were
posted. when there was n sudden and sharp
advance, because n decrease OF nearly 1,600,-
600 bushels was shown. whereas an increase
estimated by some as high as 200 001 bushels,
was looked for. May opened at y1l2@97s4c,
against 81 5sc Mt the close on Saturday. sold
slowly up to 9s1sc, held steady for time, and
then jumped to 99lsc, segged off and closed
at 9j5sc.
Corn was strong early. then sagged OFF, but
reacted later. The receipts were over 250 cars
in excess of the estimates. the inspectors
working Sunday. The grading, however.
continues poor; out of 631 cars inspected
only 81 ears grading correct. But the clear,
crisp weather was looked upon as indicating
an improvement in this regard.
The clique was not doing anything to sus-
tain values and was rather OH the other
side, and sold freely on all the hard spots
1t is for It's interest to keep prices down for
1t will have less corn to take care
OF, and, if there is a squeeze, it is
for the clique's interest to have it
develop near the close of the month. The
market developed more strength after the
noon hour, mainly on a sharp advance IN
New York, which started good buying here.
led by CasLerMartin- December and year
opened unchanged at 47sse. advanced to
4184c, broke to 47lsc, reacted to 477se and
closed at 415Sc. May opened at 43c, advanced
to and closed at 43ssc.
Oats were quiet and steady. with very little
change in prices.
Hog products were dull but inclined to
receipts. Pork sold at SI1.12I29H.25, closing
at Sill. 20, against Sll.15 at the close Satur-
day. Lard and ribs followed pork
The leading futures ranged as follows: