St. Paul daily globe., 1892-12-28
.s.3.lOHTS TURN BUYERS
Wheat Active and fervously
Strong, Closing at a Good
Advance.
Shorts We're Disposed to
Cover, but offerings We're
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
lac, closed with net gain OF l3c. Other
grain was stagnant. Provisions, influenced
by light receipts of hogs, left off ll@'2E2c
higher than before the holidays
The big faiure at Minneapolis made an ap-
prehensiye feeling among shorts i'll wheat
and caused general disposition 10 cover.
while the offerings were smaller than usCal.
Gables were higher, and adyices from
Kansas ana Nebraska and some areas In
Missouri reported a good deal OF wheat
i'll those states bare of SNOW, with
the mercury from 5 TO 10 deg below zero.and
more or less damage feared. mere was u Ge-
crease OF 612.UUU bu III the amount OF Wheat
and -four on ocean passage and the report
sent out by beeTbohm Saturday OF only o.
CU0 0OJ bu weld in the United klnEuom,
against ECO. .gJV bu last year, was also very
Dul!ish factor. indian wheat shipments last
week we're only "A $50. bu- against -J9,O55 bu
for the same week last year. Coupled with
these conditions was prospect that the IN
crease in the visible supply would be smaller
than expected.
calls mad been sold for today at '9c. There
was safety in selling against them at that
price bv those VINO had bought those priv
ileges That was the only class of selling
which the operators dared to indulge IN
freely, however for some time The increase
of i,5l4,0oJ bu in the visible had no lmme-
diate effect but was felt later, e3 tradlnS
slackened and prices relaxed. the oI IenlnS
was abont 5sGtSic per bu higher. ana a1ler
slight fluctuations prices were advanced 28c
more, then receGed 48c'aDd closed steady.
Corn was depressed while wheat was soar
Ing. The liberal receipts Stree the last seS-
siou-775 cars with 5Ju cars predicted for TO-
morrow, together with en increase OF 4O3, eco
bu in the visible, were not looked upon as
favorable for any ADVANCE. The weaSest
feature OF the situation was the pressure OF
through billed No 3 corn ut 36l2c aud is
being finally sold as low as soc. With the
present clear dry, frosty weather a large.por-
ton f.what is now 80. 8 viii probably grade
No . before long. The continually growing
elevator stocks Is. another weak spot IN the
armor OF the bulls Futures opened sDaGe
under Fridays closing prices and gradually
sold off Csc, ruled steatier, and closed with
14G13sc loss.
= LII oats. there was moderate trade and
steady market The offerings we're not
large end the demand limited, there being no
particular incentive for operators TO take
either side. Compared with Friday nlght
prices are l5o up.
They very hight receipts of hogs-oulv 29.0C0
since Friday. and talk OF the ImproDabllty
of receipts increasing much for some time
caused a spirited opening to the provision
ma2ket.and at quite an advance over fridays
closing prices. PORK started at an advance
OF I5cI lard was 1Uc higher and
ribs started with gain OF lt4a0
20c. The first prices were about
the highest of-the day, except for May pork,
which climbed i2l2c over The opening quota
ton. The closing quotations showed the
following net gains as compared with me
resting prices Friday: January pork. 15c;
May, &c; JanuHry lard 2Oc, and MAY, 2l2c;
january ribs. y G. and May 2.I2e: Helmholz
was a free seller Of pork early, Deing credited
with the d!SpesaI of l59ett 5bls. when was
astribed to Wright.s account Wright bought
ribs 10 offset his sales of pork. af
Estimated receipts for tomorrow for past
sevGnty-,wo hours. on most roads: Wheat $50
cars; corn, so cars: oats: $40 cars: nogs
$1,000.
The leading futures RANGED as follows: