St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1892-12-06
Everything Traded in on Chi
cago Change Reaches
Higher Prices.
Wheat Has a Practically Con-
tinuous Advance During
the Session. ~
Provision Shorts Kept on the
Run by the Manipu- i
latOpS. 81
Fluctuations OF Prices in
Wall Street We're Wild =
and Frequent.

CHICAGO. Dec. 5.-Everything in the prinoi-
pal speculative markets was higher today,
provisions eXcitedly so, and wheat, consider
ing the bearish news from European and
the Northwest, surprisingly so. Regarding
the latter it is said that CuQahy and Wright
have started deal III it under almost pre-
cisely similar conditions to the one they have
in provisions. They are not afraid of pres
ent enormous stocks. it is declared. on the
theory of probability of their rapid disap-
pearance and conviction that there is moth
ing back i'll farmers hands from which TO
replenish. The following are the additions
to Saturdays closing prices: Wheat Sc;
corn 1s@4c; oats, ISc; pork and lard. 5al2c.
and ribs 12I2c. At one time during the day
January pork almost showed 9 gain OF 71lac.
The advance i'll wheat was practically con
tinuous. With easy cables and very heavy
deliveries in the Northwest the market had
monetary spasm of weakness at the start,
but it was soon found that there were good
buying orders on the market, ard that there
was little for sale and prices had a quick
rally.
Brokers supposed to be for Cudahy were
found to be taxing ali the wheat that was Of
fered. Shorts soon became uneasy and be-
gan to cover. Pardridge-Logan met the de-
mand for a time-the former supposed TO be
selling for st. Louis account-but the readi-
ness with which ii was absorbed soon led to
more caution Oh the part Of sellers.
There were also free offerings on Northwest
ern account. the feeling i'll that quarter evil
IDENTITY beng leariSh on the enormous re-
ceptS. which aggregated 1881 cars today,
against 12I2 cars a year ago, and 9li cars two
years ago. The anli-option bill talk did not
have much effect nor did The increase III the
visible supply, which was considerably larger
than expected. The opening was u shade
under Saturdays closing to about the same
figure. ruled strong and advanced about sc,
closing steady within lsc of the top. aslE'
Corn was shaGe easier early, but finally
improved IL title in sympathy with the bet
er feeling in wheat and the sharp advance
in provisions. The trade, however was eX-
ceedingly dull. The large decrease in the
visible supply, 3Ol, CO.. bu-imporied some
strength to the market later in the day.
Fluctuations were within SEC range. The
close was steady, 1sc from the top.
In oats there was a good trade within
range of SEC. The feature was the error of
2Upuv0J BIZ III the visible supply statement.
AS first posted it show ed all increase of 1, 49,,
600 Blu. The trade on the whole did not be-
lieve The figures correct but there was free
selling for time. The offerings were readily
absorbed, and within short time the cor
rectiOn made decrease OF 56l.tOJ bu. This
caused Csc advance in May, which was taken
advantage OF by the longs TO unload, and
prices reacted 1s@Ac and the market closed
1Sc Letter than Saturday.
Hog products were excited on the smaller
receipts oil hogs, higher prices at the yards
and active buying by the clique ana frantic
covering by shorts. Packers seemed to be
the leading buyers. but there was also heavy
covering by speculative shorts. Later there
was a strong effort made to break prices,
which was partially successful. but another
rally in-lh long side forced prices to the
highest figures of the day. During the latter
part of The session prices again settled back
slightly, but exhibited considerable steadi-
ness toward the close. January and May de-
liveries were traded in freely, the former at
ractiug most attention.
Estimated receipts for tomorrow: Wheat
315 cars; corn, 43J cars; oats, 4J0 cars: hogs,
A, 900 head.
*Asked 80
The lead ing futures RANGED as follows: ~