St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1891-12-05
At the Opening on Chicago
Change Sentiment Was
Bullish,
But Toward the Close Firm
: ness Vanished, and Fig
e ureS We're Low.
Hog Products Make the Only
c Gain Recorded During
the Day.
Wall Street Trading Lacking
in Feature and Dull in
? the Extreme.

b CHICAGO, Dec. AT the start this morning
The sentiment in the wheat pit seemed to be
decidedly bui1iSh: prices were not advanced
much, but more confidence was expressed,
the buying more generous and short sellers
more cautious. Part of this strength was
carried over from yesterday, when the mar
ket closed firm. The feeling was aided by
stronger cables, Liverpool being quoted I2d
higher. and Berlin better in the public cable
though private advices were less encourag-
ing. The smaller receipts iii the Northwest,
the fear OF cold weather following the recent
rains and the general firmness in domestic
markets were also STRENGTHENING factors.
For time there was a general disposition
to cover short wheat, with selling both re-
stricted and cautious There was a rumor
that Partridge was short big line estimated
all the way from 100000 bu to 5000 900 bu,
and Efor time the feelngSAeemed to be
that an attempt was being made TO run him
in. Pardrdge denied that he was short any
considerable amount, but served notice on
the crowd that he was bear at present
prices. and proceeded To show his sincerity
by selling freely. So the attempt to run him
In IL IL was contemplated, was soon aban-
doned, and the market turned weak. This
encouraged other bears to sell short and,
private cable adyices being weak, the down
ward movement was continued
the news of the bomb throwing in Russell
Sage Office in New York became known. but
II did not succeed. In the last hour there
was an advance. but the market grew weak
again near the close of the session, and closed
weak at the bottom figure. Ream bought
considerable wheat early in the session. but
1t was presumably 10 cover shorts MAY
which is .he most active future. opened at
gd3sc, sold up to 9SIse, receded gradua " TO
@Ssc. frmed up TO 97l2c, broke TO 97Ikc.
rallied to 9tl9c, went off TO and closed at 9sc
loss of s4c compared with yesterdays clos
ing price.
December corn opened decidedly strong
and higher, but the advance was all lost with
something besides before the close There
were several reasons for the early strength:
the price at Liverpool was penny higher:
the inspection into stores showed only 81 cars
OF contract grade out of a total of 467; stocks
OF contract corn are very light. and the big
engagements made during the last few days
indicate that 1t Is going out faster than it
comes III. Hence shorts deemed il prudent
TO cover; The early frmness in wheat and
pork was also strengthening factor i'll corn.
But the advance led to pretty free selling
led by BartlettFrazieT and other bulls.
December opened 1T IS5sc. against use at
the close yesterday, sold up to 4SS4c broke TO
41s4c, fluctuaied narrowly for time broke
again near the close TO 47ssc, and closed at
that figure. The fluctuations in the more
distant futures were less marked MAY sold
early at 4;Ssc. and closed at 427Sc which were
the extreme prices in that month
The leading futures ranged as follows: