St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1892-12-22

CHICAGO. Dec. 21.-A lively rally succeeded
dullness today on change. The markets
were all weak during the forenoon, with the
exception of provisions, which latter, al
though slightly lower at the start, soon
firmed up Corn and oats were especially
weak until within fifteen minutes OF the
close when a change to firmness suddenly
caused them to recover their earlier consid-
cradle loss. Compared with last night grain
is about 1sc higher all around and PROVISIONS
15c
Corn was the leader The amount of bust
ness done exceeded even that of yesterday,
and the fluctuations were wider. There was
free selling by number of the larger COM
mission houses and for country account.
There was little support to the market, and
local bears appeared to have everything
their own way, there being little opposition
even by the old bull combination. On the
contrary, it looked as though there
was u good deal of selling by tired
'1cnIs," ana even the provision interest
Some of the prominent receiving concerns
report offerings from country shippers are
increasing materially and at lower prices, NO
| yellow being bought in parts of the state at
| 32c. There was also some little selling for
| foreign account. Buying to cover shorts
I appeared 10 be the only supporting factor
| and May, after opening unchanged at 46lsc
sold off with little reaction to 45Ac, rallied TO
4 7s@4jc, the market being largely sold, and
| fin lily closed with A@ssc loss.
| Wheat opened decidedly weak. Nearly
| everything in the way of news was discour-
| aging to holders: cables were lower. the re-
| ceipts liberal and Bradstreet reported another
large increase in the available supply-4,5H,
| O0O bu- There was general disposition 10
| get rid OF long property, but as there were
| very few buying orders here. the sales could
| only be made at concessions. There was also
more or less short selling. Another reason for
| the weakness was the sharp decline which
| took place in corn and oats, the weakness there
| bring reflected to a considerable extent in
| the wheat pit good deal of talk of the
storage capacity in the Northwest being
| nearly exhausted. and prospect of the
| Grain coming to this market was INDUCED IN.
| At the decline there was good buying by Il
| prominent local house, which has been
| trading considerably of late in wheat, but
| the same house was credited with selling
fairly When prices advanced. Prices de-
! clined early Ice, rallied SEC and closed steady
| at the top.
III oats there was q liberal trade. The
| weakness was due TO increased liquidation
| by local and outside longs" The only sup
| port came from shorts Prices for May
| opened steady declined I2c, but rallied l2c,
and closed steady at the same price to lSc
| advance over yesterdays closing. due to i'm
| proved buying and TO lighter offerings.
| The provision traders VINO sold all products
| on The decline Yesterday in anticipation OF
| 40,0JO hogs today, were busy most of the day
getting the stuff back. The realizing was sc
| general that the trade seemed 10 think the
bull operators were through with the market
The buying was led by Cudahy and Wright
Their brokers alone took more than enough
| TO absorb all offerings. and other buyers had
| to bid up for what they wanted
| Estimated receipts for tomorrow: Wheat
275 cars; corn. 80 cars; oats, $50 cars; hogs
! $1,000 head.
The leading futures ranged as follows:
Open High Low Clos