St. Paul daily globe., 1892-12-28
-.s35IORTS TURN BUYERS
Wheat Active and Nervously
srrClg, Closing at a Good
Advance.
Shorts We're Disposed to
Cover, but offerings Were
Smaller.
Corn Was Depressed. While
Provisions Showed Ad-
vaneed Quotations.
Wall Street Trading Dull, but
the Market Was Very
Strong

CHICAGO, Dec 27-Wheat was active today
and nervousiy strong. The price jumped up
1Ac closed with net gain OF l2c. Other
grain was stagnant. Provisions, influenced
by light receipts of hogs left off ls0'2l2c
higher than before the holidays.
The big failure at Minneapolis made an ap-
prehensiye feeling among shorts III wheat
and caused a general disposition 10 cover.
while the offerings were smaller than usual.
Cables were higher, and adyices from
Kansas and Nebraska and some areas In
Missouri re ported a good deal OF wheat
i'll those states bare of SNOW, with
the mercury from 10 10 deg below zero.and
more or less damage feared. There was de-
crease of $4,000 bu il the amount or wheat
and -four on ocean passage and the report
sent out BY BeeTbohm Saturday OF only Co.
coo. co. .bu yield in the United Kingdom.
against =, CO... 900 bu last year, was also very
pul!iSh factor. indian wheat shipments last
week we're only l41050 bu- against -J9,OJu pu
for the same week last year. Coupled with
these conditions was prospect that the in
crease III the visible supply would be smaller
than expected.
calls mad been sold for today at zoe. There
was safety in selling against them at that
price by these who had bought those priv
e lleges. That was the only class of selling
which the operators dared to indulge in
freely, however, for some time. The increase
of lola eco bu in the visible had no lmme-
date effect, but was felt later, e3 tradlng
siackened and prices relaxed. The opening
was abont 5s0Sic per bu higher. ana atter
slight fluctuations prices were advanced 5Bc
more, then receded sscapd closed steady.
Corn waSdepresSed While wheat was soar
Ing. The libefsl receipts s1lfce the last ses-
siou-775 ears with $40 ears predicted tor TO-
morrow, together with an increase or 4O3,uGO
bu in the visible, were not looked upon as
favorable for any advance The weakest
feature OF the situation was the pressure OF
tnr1uCh billed No. 3 corn at 36l2c and is
being finally sold as low as Soc With the
present clear, dry, frosty weather ltrge.por
ton OF what is now no. ; viii probably grade
No. 2 before long. The continually growing
elevator stocks Is. another weak spot In the
armor OF the bulls. Futures opened saade
under Fridays closing prices ard gradually
sold off Csc, ruled steadier, and closed with
1461ssc loss.
= LII oats: there was a moderate trade and a
steady market. The offerings were not
large end the demand limited, there being no
particular incentive for operators 10 take
either side. Compared with Friday night
prices are Iao up.
TheYery light receipts of hogs-only 29.0G0
since Friday. and talk OF the improDability
of receipts increasing much for some time
caused. a spirited opening tothe provision
maTketand atquite an advance over fridays
closing prices. PORK started at an advance
of 15e,i slard was luc higher and
ribs started with gain of 15l2@
20c. The first prices were about
the highest of the day, except for May pork
which climbed i2l2c overt the opening quota
ton. The closing quotations showed the
following net gains as comparedeWith the
resting prices Friday: January pork. 15c;
May, sc; January lard, 20c, and May, 2l2c;
JanuaTyribs. 3fe, and May. 2.I2e: Helmholz
was free seller of pork early. being credited
2withthe disposal of I5,9setf 5bls. which was
'aseribsd to Wright.s account. Wright bought
ribs To offset his sales OF pork. SA9
8 Estimated receipts for tomorrow for past
sevcnty-two hours,on most roads: Wheat, ESQ
cars: corn, 80 cars: oats. $40 cass: nogS
1000.
me loading futures ranged as follows: