St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1893-12-29
RATHER FIRNER Market.
Trading ~ WHEAT WAS a LITTLE
BETTER yesterday,
AND It GAINED a FRACTION

Over the Prices of the Previous
Day-Corn, Oats and Provisions
Also Went Up, and the Market
Seemed to Gain New Life al
Every Point-shipments Less
Than Average Requirements.
CHICAGO, Dec. 2S.-Wheat reacted
Today after an early decline on free sell
ing which placed the low price record
for May at new figure, 6435c. The re-
action was on good buying here and in
st. Louis. and the closing prices were
&c higher than yesterday. Corn gained
35G0IIc, oats like amount and pr0yi-
sions closed higher for pork and ribs
and unchanged for lard. Yesterdays
weakness in wheat continued at the
opening today, aud May started 15c eff
at 6435c. 1t tluctuated between that
figure and G4Nc for time and then
began to slide down. Liverpool quoted
a decline in futures, and q pri-
vate cabiegram from there told of
''anXious sellers" Chicago receipts
were twenty-five cars over the estimate,
and Northwestern receipts were some
what heavier. Minneapolis received
2G3 cars. and Duluth 50, making total
OF $50. compared with 800 on Thursday
of last week. With this news offerings
were free. and the market continued to
weaken until the foreign shipments for
the week were given. They caused
temporary reaction. They were given
at 3, 100000 bu from the Baltic, Aus
tralia. Argentine aud other ports, aud
at 1920 bu from India. With last
weeks shipments of 1852, 900 BIZ from
this country this made a total Of 6,552,-
900 bu-about 100000 bu less than the
average weekly requirements of the
Importing countries. The sellers
took one more fall out OF the
price after this bulge, and then
shorts began to take the offerings
freely and the market frmed up with
rapidly advancing prices. Later in the
session St. Louis reported purchases Of
wheat IN that market to 90 back to
country mills, and that they only re-
CURED higher water to send off a good
deal Of wheat which was already placed
tor export. Prices heid firm at the ad-
vance, and May closed Is i: from the top
figures OF the day. May opened at 643gc.
advanced sc, lost &c, then sc, adj
vanced re, sold down &c, advanced
re, and reacted sc 70 close at G515c. In
sympathy with wheat and Influenced by
heavy receipts, more than was expected,
corn started at a decline. May opened
sc lower at 3Sc, and after selling &c
lower reacted &c oil light estimated re-
ceiptS for tomorrow and the later
strength in wheat, and closed but &c
from the days top figures. at 3S14c.
Oats experienced an active session.
The market opened easier. with May
sc off at 29Bc. 4 determined raid by
shorts sent the price down H0%c, but
free bidding al the decline caused a
reaction. and May closed at yesterdays
closing figure, soc, while December and
January each gained 4 c. closing prices
being at The top figures Of the day.
The provision market opened easier
on decline OF sc i'll prices at the yards,
decrease in the packing holding clos
ing prices al top figures Of the day.
Compared with last night January pork
is &c higher, January lard unchanged
and May ribs &c higher.
Estimated receipts for tomorrow:
W heat, 70 cars; corn. $40 cars; oats, 100
cars: hogs, >, 900 mead
The leading futures ranged as follows: