St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1891-12-23
A MARKED CONTRAST.
Dizziness in Trading, With
Weakness in Prices, Ruled
at Chicago.
Operators Did Nothing But
Even Up on Deals Now
Running.
Depression in All the Cereal
Pits Credited to NearneSS
Of Holidays.
Decided Strength and Heavy
Advances the Order on
Wall Street.

CHICAGO Dec. 22.-Dullness and weakness
were the leading features in the trading in all
the pits on the board today. The near ap-
proach of the holiday season and the disin-
clination on the part OF operators to do more
thaneven up the lines which they already
had out were responsible for this state of af-
fairs. This Is intensified by the fact that
at the close of business Thursday the board
will adjourn until the following Monday, and
operators deem it imprudent to have out IN
protected lines in the meantime. either short
or long, as the entire situation might be rev.
olutionized in the interim.
Wheat was dull ana weak almost from the
opening to the close; nearly all of the news
favored the bears, and the extreme narrow
ness of the market tended TO depression.
The opening cables were I2d lower for Liy-
erpool, AMI domestic markets showed a down
ward tendency, New York taking the lead in
this direction. Longs were more discouraged
than ever and sold freely, while the buying
was slow and cautious, concessions being
necessary in order to attract BUYERS. Lester
had rather heavy line of ORDERS his pur-
chases early aggregating over 10000 bu.
These were by some supposed 10 be on New
York orders for foreign account and by
others for COttrell.
Schwartz & Dupee and Lindblom let hi M
have most of it. Milmne and Bodman were
! also free sellers in the early hours. but when
| that little squirt of activity was over the mar
| ket became tired. Aside from the bearish
| cable quotations, some of the private ad-
| vices making Liverpool 14d off and very
| dull, the leading bearish news was the in
| crease of !, 032, 900 bushels i'll the amount on
passage and an increase of 1,113000 bushels
| i'll the English visible supply.
| The Mark Lane Express, in It's review of
| the British grain trade. however, gave the
| bears some comfort. 1t said that the reduc
| ffOTl of in nf Nuh dfIrfr fla
| past week was due to the quality or the re-
| ceipts and that there was a shortage of To-
| 100000 bushels in the supply, owing to the
cutting off of Russian wheat, but that Amer
| lea was expected to make this up.
The northwestern receipts were moderate
| and the exports from New York were of ike
| character; cold wave was reported in the
! Northwest but it was said that warm wave
was following ii closely. There were some
| attempts to check the weakness by the circu.
| lation of crop damage reports, but they had
| little or no effect 1t was supposed that Pard
| ridge took advantage of the slumpy condi
| ton of the market to cover much of his line
of shorts at profit Late continental cables
| were all weak and lower. MAY opened al
9S5sc, against 97c at the close yesterday,
| touched 96s4c moment, sagged off without
| material reaction to 96c, reacted slightly and
| closed steady at 96Ac.
| The receipts of corn were about 200 car
| loads in excess of the estimates and the late
| improvement IN the grading was continued
| ms. togetner WIN the weakness WHICH ruleC
in the other pits caused depression. Long:
were disappointed al the failure Of the an
| their holdings over, while short selling wa:
also free and at times aggressive. The weak
| ness increased as the session progressed
| under increased liquidation by longs, anC
| the close was about at the bottom figures OF
the day. December shows a loss of 2l4c, Jan
uary a loss of lie. and May a loss of l2c.
Oats were dull and without feature.
The light receipts of hogs, together wi
the higher prices at the yards, lent tempo