The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1896-12-15
VISIBLE WHEAT Shy
DECREASE FOR THE WEEK MIL
LION MORE THAN WAS EN-
PECTED.
! MARKETS OPENED LOWER
ON THE SUPPLY SHOWING THERE
WAS A TWO CENT RE-
CONERY.
NET CHANGE A SUBSTANTIAL. RISE
Nav. After Touching Eighty Closed
Firm at a Fraction Under
Eighty-TWO.

CHICAGO Dec 14.-Wheat looked for time
toadv as if il were again going below the
SOC mark. But the surprising decrease III
the worlds visible supply changed the aspect
of affairs May closing at an ADVANCE Oh
nc for the day. The other markets were dull
and steady. corn advancing sake, oats Ac'
and provisions 21aG712c. Wheat had weak
opening and during the first hour solo a
full sc below the close Saturday. But the
season Of weakness was brief. Black sea
shipments OF wheat for the week amounted to
about & 100000 bushels. The shipments from
s. this side =7ere 223 00O bushels making
total of nearly Il 900 900 bushels. This in
itself was sufficient to cause a weak open
ing. but Liverpool again showed indifer-
ence although this was probably the result
of the Black sea figures. The consequence
was that May wheat, which closed Satur-
day at S034 GS07sc. opened today at S01sqSO9sc,
and sold almost Immediately at soc. Ihat,
however. was the lowest price OF the day.
One Of the first things to arrest the decline
and change the tone of the market was direct
cables from Argentine reporting unfavorable
weather and stating that the yield will be
poor The visible supply soon began to at
tract attention, and one early feature OF II was
considered so buliish as to completely obilter-
ate the effects of the enormous worlds exports
Buffalo stocks were generally expected to
show an increase of 900 bushels, and
they actually proved to have decreased 1884,,
0G0 bushels. That of course, caused In imme-
date revision of the estimates on the visible,
and caused the price to rise persistently until
about II 80 O'Clock 1t up to 617sc, OF
within &c of &c per bushel advance from the
lowest point made at the opening Northwest
receipts had but little influence today. Mime
apolis and Duluth reported $40 cars, COM
pared with 1,04S last week and 1923 last year.
Chicago received 45 cars against SO last week.
and 221 last year The decrease in the
worlds visible supply was finally reported at
crease of over 100000 bushels. The de-
crease was a million bushels more than ex
pected, and lent additional strength to the
market. After reaction to S1Rsc May adj
vanced again to S21sc, where it was quoted at
the close.
Corn was steadied by the enormous business
done at he seaboard late Saturday, 100 loads.
The opening was weak, in sympathy with
wheat, but soon recovered the slight de-
cline. Trade at no time active, and
fluctuations were narrow in consequence. May
opened a shade lower at 2524 0257sc, and adj
Vanced to 26Q26lsc, where it closed. Oats
were rather easy early on account of the
liberal receipts and a heavy cash market.
Under liberal covering by shorts, induced by
the frmness of wheat and a visible decrease
OF 600 bushels, the market advanced and
closed firm at top prices. May opened &c
lower at 202sc and advanced to and closed at
2O$4c BID. Provisions were firm at the OPEN
ing at a slight advance, due to the much
smaller receipts Of hogs than expected. The
weakening of prices at the yards caused the
market to fall off somewhat but the weak
ness lasted but short time. Reports of ex-
tens1ve hog cholera in Iowa caused q sec
ond advance, and the market closed steady at
opening figures. May pork closed TIC higher
at So; May lard, 21ac higher at S4.10; MAY ribs
212c higher at $4.05. Estimates: Wheat
o. cars; corn, 3l5 cars; oats, $50 cars; hogs
n. GOO head.
The leading futures ranged as follows: