The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1896-12-24
CHICAGO WHEAT KARLY
FIRM CONSIDERING THE LIMIT
ED VOLUME OF TRADING.
EARLY CABLES CAME HIGHER.
LIGHT NORTHWEST RECEIPTS
ALSO HELPED In CREATING A
BULL SENTIMENT
CLOSE FULL CENT ADVANCED.
Only the Holiday Character of the
Market Prevented Much Great
er Gain.

CHICAGO, Dec. 2S.-Wheat today exhibited
remarkable strength, in view of the holiday
character of the trading Liberal clearances
were again a big factor in the lie advance
which took place Foreign news was also in
fluential. Corn advanced Ac and oats closed
shade over yesterdays prices. Provisions
showed some weakness , and small declines
took place. The opening strength Of wheat
was principally due to the frmness Of the
early cables, although the continued light
ness of Northwest receipts helped in a meas
ure. Liverpool opened at Ad per Genital ad-
vance, and another I'D advance was reported
by subsequent dispatches Berlin also report
ed IA marks advance. The opening price
for May was at an improvement from 7kQ9sc
on the closing price of the day before and
that was bettered little several times dur
ing the forenoon. The dullness of speculat-
i've trade seemed to be the only thing in the
way of a much heavier advance than was
secured during the first hour and a half.
May wheat opened at from SO% @S0%c, ad-
Vanced to S1Ac in a short time and kept be-
tween that price and 807sc for an hour and a
half. 1t became stronger in the last half-hour
or the forenoon, and about u o'clock it rose
TO SlBc. Minneapolis and Duluth received 373
cars, against 81 ON the corresponding day
OF the week before. Chicago received % cars.
The Atlantic port clearances were heavy, at
4OV,VVu Du ln-WneaC ana hour together. Tn1S
latter item was responsible for the advance
to size, which marked the high point of the
days trading. The inquiry for wheat for
rail shipment east was in evidence even in
commission houses, who are not regularly in
the shipping business That heavier trade
was not done was due solely to the fact
that 112c premium over December was asked
for good samples of No. 2 spring. and May
price or over for No. 1 northern spring. The
market was weaker during the last hour, and
after selling at 81Ac, broke gradually to size.
The closing price was S1A @S1%c.
Corn was moderately active and frmer The
market was helped materially by the strong
feeling developed in wheat and by the f1rmer
cables. Shorts were good buyers and the
offerings were light There was an easier
feeling during the last hour, but prices were
well maintained. May opened &c higher at
25Ac, advanced to 25$sc, and closed with that
price asked. In OATS outside of the covering
OF small unimportant short lines, early in
the day, the market was quiet and feature
less. Prices were confined to a narrow range
and ruled steady to a shade irmer in sympa-
thy with wheat May opened a shade higher
at from 197sQ20c sold at 201sc, and closed at
197sq20c bid. Trade in provisions was again
chiefly in the way of changing January trades
to May. Packers were willing to sell mod
erately and were more pressing than buyers
resulting in some lower prices in the end
May pork closed PIC lower at $7.S71a; May
lard about sc lower at So. 9715; May ribs about
&c lower at $S.975R. Estimates: Wheat 10
cars; corn, 800 cars; oats, 300 cars hogs, 50 900
head.
VIC