St. Paul daily globe., 1895-12-28
lHEAT NOT 50 WEAK
y OPENED POORLY, RALLIED,
4 DROPPED A LITTLE, THEN
RECOVERED.
N IMPROVED SITUATION.
ORTHyyESTERN RECEIPTS ARE
SMALLER, AND LIKELY TO
DROP MORE.
RISK AND HEALTHY DEMAND.
orn and Oats Also Show Greater
Ffrmness-PrOvisiO Slightly


: CHICAGO. Dec. 27.-The wheat market
aned weak and closed strong today, re-
aFsing in that respect its course on the day
sfore The advance in its price is quite in
gnificant, but there are some indications OF
material improvement in the general sur
oundings. The Northwestern receipts were
luch smaller than on the week before and
lille they may be due to the recent holiday
bad roads. the indications were regarded
favorable for a permanent reduction as
compared with their volume previous to the
christmas holiday. The corn and oats mar
cts were a shade frmer and provisions,
fter opening strong, closed at slight de-
line.
Pleasant weather. and an expression of
pinion from generally well-informed source
hat the Argentine wheat crop promised to
: urn ou- satisfactorily, caused weakness at
he opening here. May wheat closed yester-
ay at 5I3sc opened with sellers at from
nc to 571sc. and few even as low as
7c. The appearance of a few buyers who
5ere satisfied with the above-named reduction
the sellers prices, changed the feeling,
nd during the succeeding hour and half
the session the price tended gradually up
ward, and it touched 575sc about II o'clock.
'he chief reason for this light rally had its
ource in the moderately strong position of
Z he Northwestern situation. That influenced
he buying in some short wheat, and the Of
clILl-S 4tSSSHeu dS lll6'' u6IldIu- increased.
British consols were quoted IS per cent higher
han they closed yesterday, ana although the
oreign regular grain markets were closed,
.ables were received quoting the unofficial
leallng IT steady and unchanged prices.
Business was largely local, and of the
,calping character, which is the invariable
accompaniment of a lack of orders from out
,ide After touching STAG about the mid
lie of the session, the price began to work
town again, and did get to 573s I1571bc from
vhlch POINT 1t once more rallied to its pre-
nous highest point, and was bringing 57&c
or an occasional i've about half an hour from
he close. The latter rise was due TO the good
temand from country miliers in Ohio, In
hana, Michigan and Missouri for red win
,er wheat, fer which they paid from &c to
!32c in store over the May price The guam
1ty taken in carloads and lots of from 5000
ou 10 IpOOG bu would aggregate about 100 900
)u: New York likewise reported fair in
Jury Tor export, and it was being circulated
the PIT toward the close of the session that
:wenty-four boatloads had been worked there
Late advices confirmed twenty boatloads taken
It New York. and the price Of May closed
irm here at 577sc. -- > - ~.
Corn was very quiet but shade frmer
!or futures. although carloads .through-billed
could not be disposed of in the cash market
except at a reduGtiQn OF from 4 to 3sc from
yesterdays current rates. Local billed corn
was ste -dy and in fair demand at yesterdays
rates. The business alone in futures was
very small The fluctuations in price were
of an equally diminutive character. May
slosed at 277sc bid, being 1-16c improvement
for the day.
On the market for oats a fair business was
transacted and slightly ftrmer feeling de-
Yeloped. Shorts took hold fairly WELL
The receipts of hogs were only 5000 head
Instead Of the $4,000 estimated yesterday. and
that started the provision market strong. The
opening prices were, however, the highest
made today. The small run of hogs was
ascribad TO the bad state Of the roads, and
short sellers of hog products could see moth
Ing in the opening advance but good op-
srs for John Cudahy did the selling which
caused a decline following the little bulge at
he start. At the close January pork was sc
lower and May 215c lower. January and May
lard had similar declines, and ribs lost 215c
for January, while May was unchanged.
Estimated receipts for tomorrow were:
Wheat, 113 cars; corn, 165 cars; oats, ITO cars;
hogs, L. 900.
The leading futures ranged as follows: