The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1896-12-14
WHEAT UP A CENT.
UNDER A FLOOD OF BULL NEWS
THE CHICAGO PRICES AD-
VANCED.
MAY SOLD AT ElGHTY-0NE
ON THE CURD A FEW MOMENTS
AFTER THE MARKET HAD
CLOSED.
EXPORTS THE HEAVIEST IN YEARS
Half n Million Bushels Delivered
on December Contracts, Failed
to Break the Market.

CHICAGO. Dec. 12-Wheat started strong
today and remained so, closing at adj
vance OF 1c per hushel. Foreign news, espe-
cially that relating to the poor Argentine
crop outlook, was the leading motive for the
advance Corn and oats were easier, de-
clining about sc each. Provisions made
small advances In wheat Liverpool again
supplied the motive power, which set the
market moving. The public cablegram re-
ported the market over there firm at I'D
advance. Private cablegrams used language
a trife more emphatic about the advance.
The market here started strong on that
informal on, and, except for little hesita-
ton, Immediately following the opening ad-
vance, it remained strong throughout the
session. Northwestern receipts, though small
compared with last years figures, were I'M
comfortably large in view of the oft-repeated
reports that a good share of the crop has al
ready been moved. total of COS cars were
reported against ,022 last year. This caused
the slight hesitation at the start. but was
soon lost sight Of in the food Of bull news
Argentine prospects were gloomy as ever,
according to the cablegrams, and the ship
ments from that country apparently bear this
out. Only $4,000 bushels were shipped to
the continent from Argentina, and not a
bushel to the United Kingdom. The ex-
ports from both coasts for the week were
heavy-4, 222, 600 in wheat and four-said to
be the largest known for many years. This
was encouraging to holders. as at this rate
our surplus would be exhausted by April
and several months of scarcity would follow
Armour delivered out from 500 900 to 60O, 900
bushels of wheat on December contracts, but
the market absorbed it all readily. May
opened at from S014@S012c compared with
79AQ193sc at close yesterday. 1t was prin-
cipally at S012c that first trades took place
but 1t found too many sellers around that
Tor minute or two and dropped back to
SOf1c. 1t soon rallied from that and went
up to SO1sc, sticking close to that price up to
the end OF the session 1t did not again go
below S012d803sc, and was bringing S024 q
S0sc at the close. On the curb a few min
utes later 1t was said TO have sold at 81c
Corn got no benefit from the rise in wheat
except for few minutes at the start. May
opened at 26c, sold at 261sc, sagged to 25$4 q
25sc, and rested worth 25B, or Lice less
than on then day before. Quite q business
than on the day before. Shorts took advan-
tage OF the situation, and under liberal Of
ferings the market declined, but rallied with
wheat and a good demand which sprang up
later May opened about 1sc higher at 2O$4
Q20Bc, declined to 20A@2Ossc, and finished
at 2O1zc bid. Provisions were dull but firm
May pork closed about 7lac higher at $7.J2la
May lard about 212c higher at $40715: May
ribs DC higher at $4.0215. Estimates Wheat
u cars; corn, 245 cars; oats, $50 cars; hogs
10000 head.
The leading futures ranged as follows.