St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1893-12-02
TWAS A CHOPPY MARKET.
ERICES SKIPPING ABOUT IN A HIGHLY
CONFUSING MANNER.
WITHIN a RANGE OF ONE CENT.

The Cod Weather a BuIIish In
f1uence-Corn. Oats and Pro-
visions Were DuII-FinenCia
Troubles in Europe and Poor
Prices for Wheat in Russia
Checked the Upward Tendency
in Wheat.
CHICAGO, Dec. 1.-The chopp1ness of
the market was the feature in wheat
today, the prices skipping about i'll a
highly confusing manner. with range
OF sc, and finally closing 4l@15c lower
than Wednesday. Corn, oats and pro-
visions were dull. Corn closed without
change as COMPARED with Wednesdays
resting place; oats are &c lower, and
provisions a trifie higher.
The tenders OF wheat on December
contracts were light. contrary 10 all ex-
pectations, not over 100000 bushels
seeking a resting place. Armour & CO..
Poole and Sherman seemed disposed to
take all there was in sight. and prices
began 10 advance from the opening fig
ures, which were about the same as
" SaAASoheAA I4US44ll. } TIC COlt weather
was also bullish influence The Gin
cinnati Priee-Current estimated the i'll
visible supply at fully 1lO, O00, 600 bushels
less than a year ago, and increasing
approximations of impairment to growing
wheat from drought and recent hard
freezing were also reported. The fiuan-
cIaI troubles IN Europe and reports from
London that wheat from Russia was
being sold at almost any price offered
checked the upward tendency of the
market and caused the loss of the first
half hours advance. The clearances
from the Atlantic seaboard were light,
and the price OF May went off to soc.
During the last hour of the session TWO
sharp turns in the market were scored
a marked advance was caused by
report from New York that Beer
bohm's second cablegram quoted wheat
and flour higher at Paris The report
was accompanied by buying orders. and
the prices went up rapidly to 69%c for
May. After holding firm near there TOR
time May sold of as rapidly as it had
advanced and touched 6S3Ic. There
was considerable difference of opinion
as TO what caused the break, but the
-
that 1t was the result Of the taking of
profits by those who had bought OH the
previous decline. Whatever the cause,
there was apparently considerable of
II, for May failed 10 rally and closed at
the days bottom figures. May opened
at 691c, sold up sc. lost re, gained
&c, lost &c, climbed &c, and dropped
&c TO close at 6S &c.
Corn was steady and dull. Prices
Kept within II of the closing quotation
Wednesday, where it opened today.
The closing prices were the same as the
opening for May. 1890. The buying OF
1O0,U0O bu OF May by walker and Wrenn
was the only feature of the oats market
Opening at 3l45c, where i. closed
Wednesday. May sold off a and closed
al the bottom figures, 3I15c.
PROVISIONS began the dav at
slight advance on a reported increase
OF J(GlOc in prices at the yards.
but later the advance there was reported
lost. and the market suffered a slight
reaction. Trading was light, but on
light estimates OF hog receipts for to-
morrow the early loss was overcome
As compared with Wednesdays closing
prices January pork, January lard and
January ribs are each PC higher.
There was no particular demand for
vessel room To 20 70 Buffalo at once. but
one charter was made to take and carry
and store corn there at 315c.
Estimated receipts for tomorrow
w heat, l35 cars; corn, 500 cars: oats,
go cars: hogs, 5000.
The leading futures ranged as follows.