The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1896-12-01
WIDELY FLUCTUATING MARKET
THE RESULT IN THE PIT AT
CHICAGO.
BULLS FINALLY WON OUT.
NET OUTCOME FOR THE DAY AN
ADVANCE OF THREE QUAR-
TIERS.
EVERYTHING STRONG AT START.
Lack of Interest, i'm the Main, Re-
spOnsible for Midday Weakness
Coarse Grains Weak.

CHICAGO, Nov. 30.-Wheat spectators had
all kinds of statistics by which to govern
their action today. There very fuctu-
ating market with the bulls finally in the
ascendancy, the May option closing at an ad-
vance of &c. Corn and oats were weak,
closing Nc lower each. Provisions were
strong and advanced 21k010c. Everything
favored higher prices at the opening of the
market. The Liverpool cable was higher,
Notwithstanding the weak close here last
week. and Paris cable quoted that market
excited and advancing on the cold weather
and bad crop prospects. The worlds ship
ments were about 1,5000 600 blu less than the
week previous Chicago got only IL cars
against 514 year ago, while Minneapolis and
Duluth reported only 400 cars, compared with
no a week ago, and 1,542 the corresponding
day of the year before. The combined effect
of such news was that May wheat, which
closed Saturday at S3s@S4c, opened at from
S5GS53sc, and maintained itself substantially
between those figures for over an hour. Then,
for various reasons, chiefly having reference
to localspeculative conditions, the extra bull
lsh feeling all ooZed out, and by II o'clock
the price had dropped to SAC. The chief rea-
son for the weakness was simply lack of
business Outside support almost
tirely lacking, most of the trading being OF
local nature. The visible supply was some
what of disappointment the decrease being
only 1,057,00 Blu, instead of 15G0, 900 bu as
had been generally expected After the price
had worked irregularly down to S92zc, re-
vulson of feeling occurred. The strength of
the closing cables; the fact that the official
returns of the worlds shipments to Europe
made them only 7,417 900 blu for the week
and engagement of 100000 blu of wheat
for immediate lake and rail shipment to Eng
land, all helped to turn prices upward. May
advanced to S5c, and was bringing S4szc when
the session closed.
Corn was a small and uninteresting mar
lat of
the opening, did prices touch the closing
pected to increase the receipts as well as
the grading. Prices followed wheat in its
downward course, but failed to advance on
the later recovery. May opened unchanged
at 271sc, sold a shade higher, declined to 265s
26Ac, and closed weak at 267sc Oats opened
firm, with wheat, and also under a good de-
mand Later prices fell off and the market
ruled very weak from then up to the finish.
Liquidation of December was the principal
cause for the decline and the break in wheat
and corn also had material effect May
started shade higher at Fps @224c, sold be-
tween 223sc and 21Ac closing easy at 217sc.
Provisions were strong at the opening and
that feeling characterized most of the session.
much smaller run of hogs than expected, and
this was sufficient incentive for a still furth-
er advance. Some decline followed, in sym
pathy with grain but the market closed
steady May pork closed 10c higher, at
$S.2715; May lard, 212c higher at $4.371a; May
ribs, TIC higher, at $4.2215. Estimates:
Wheat, q cars; corn, 272 cars; OATS 220 cars;
hogs, q, 600 head.
The leading futures ranged as follows: