St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1892-12-23
ALL WANTED WHEAT.
Great Excitement Reigned
for TWO Minutes on Chi
eago Change.
Wheat Shorts Caught Nap
ping and Then fastened
to Cover.
Corn and Oats Closed Higher,
but Provisions Show
a Decline.
Wall Street Speculation
Showed a Fair Degree
Of Activity.

CHICAGO. Dec 22-For about two minutes
today the wheat pit on the board OF trade
displayed more animation than 1t has at any
time since 'Old Hutch" carried through his
big corner few years ago. Brokers yelled
and struggled to get into the JAM hats were
smashed and coats nearly torn off in the
frenzy that animated the crowd. while the
roar that went up effectually stopped ali bus
mess in the other pits. All the turmoil re-
suited from the fact that number of shorts
in wheat were caught mapping. There was
talk of an outb reak in Paris and feeling
that the complications might involve other
countries There was no confirmation OF
these reports, but they served to increase the
nervous feeling among shorts, and in the eX-
element the price went up lac. The price
at the close was lac higher than 1t LETT OF
YESTERDAY Corn is 14c higher, oats are SSc
up. but PROVISIONS show declines of about
2Jc in pork, from sc to 15c in lard, and from
212c to &c IN ribs
Wheat opened quiet, and the first sales
were at some advance over yesterday close.
Then came"free selling by scalpera, who had
bought on the bulge yesterday afternoon.
The feeling was quite weak for time, ana
the market went off Ssc. Later 1T was ru-
mored that the clique was buying ana the
feeling became stronger. Then came reports
of liberal exports from the seaboard over
zoe 900 bu-the Cincinnati Price Currents re
port that the receipts were pretty sure to tall
off materially in both winter ana spring
wheat regions. As-the clique's brokers kept
right on buying, the shorts began to exhibit
increasing nervousness and began to BUY
everything that was offered, prices steadily
advancing 12@34c. and then rapidly S4@lc
more, eased off 580154c, ruled steadler and
the closing was 14c from the top. The houses
which are supposed TO represent the Dull
clique were free sellers at from l1l2c up TO
to 7e1sc, and it was calculated that between
those prices the buying fever was SO great
that they were enabled to dispose OF about
5000 900 bu of their long wheat.
Corn at,the opening was dull and easier
at about Yesterdays final quotations, with
room traders inclined to take the pear slde,
and under moderate offerings SOLD Off 12@asc,
but rallied soon afterwards. selling up lOl4 8c
influenced by the action of wheat and the
liberal purchases by some OF the houses WI
sold freely last week. The market then
reached Csc, ruled steady and closed at A0
Csc gain.
Oats were governed chiefly by corn, The
market opened l8c lower for May and
prices, then advanced 5Sc on shorts"
covering but receded A@34c and closed with
net gain of 18D$8c.
There was quite little excitement in rye
but there was more shouting than business III
it, big crowd collected around McDermld,
seemingly all anxious to buy, but not more
than 20,00J bu changed hands Tor May at zee
advance over Yesterdays price. The excite
ment Gained down as rapidly as 1t had come
up. The longs did notappear anxious TO sell
out at the advance.
The provision market opened weak aud so
continued. Further liquidation by the longs
was The feature.
Estimated receipts for tomorrow: Wheat,
POS cars; corn, 1888 cars; oats. 1874 cars; hogs,
%. 1000.
The leading futures ranged as follows: