St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1896-01-01
COSTS MORE
UPWARD TENDENCY TO PRICES
On THE LAST DAY OF THE
YEAR.
BULL NEWS MUCH STRONGER.
GOOD BUYING AFTER A DROPPING
. PERIOD OF SHORT DURA-
4 TION.
CASH CORN SELLING CHEAPER
pig CIearances of Wheat at New
eTork-ProvisiOns Drop ON Heavy
Hog Receipts.
CASH CORN SELLING CHEAPER

F CHICAGO Dec. 31.-Wheat bid the old year
goodbye with its bull hat cooked on the
Side of its head and its nose in the air in
aerision at the discounted bears. 1t
tlosed with gain Of &c after an early decline
of 1ac. Corn and oats did not change their
Ealue materially for future deliveries. but
fhe cash stuff was weaker. Provisions sold
pm on increased receipts Of hogs.
Wheat was unsettled, showing decided
weakness early in the session and selling
OH Zee, but made sharp reaction later
end went up &c from the low point, but eased
AiVerpool cable, which quoted that market as
opening higher, but losing all the improve
ment But trade was dull and the financial
outlook unsatisfactory. The longs, in view
OF tomorrow's holiday, and uncertainty at
tending the market, began to liquidate and
even up which was an important factor in
bringing about the early decline. Later,
however, the trade began to consider the
zeal bull Of the day, and good buy
ing followed; The worlds shipments 900 last as
bushels, l. 600 bushels less than the
estimated weekly consumption. There was
no contradiction Of yesterdays report of the
big decrease in the English visible and
there confirmatory reports of wet
Australian harvest. Another strong factor
Kork-nearly 100000 bushels-and then the
Efforts got nervous and began to buy, not
being willing to stand short on the
holiday, when there was SO much
that was bulish in the air. New
York sent heavy buying orders and all do
mestic markets were on the up grade. May
sold from $3.50 off to SOC. then up to 60c,
OFF to $3.50, closing at 59as159%c.
The business in the speculative depart
ment of the corn trade dull, but prices
were held steady by the firmness of wheat
The cash branch Of the business was heavy
and depressed by the anticipated effect of
the reference to tariff rates, which the rail-
roads expected to observe from the be-
\ ginning of the new year. Through billed
I carloacs we're sold at from &c to lie under
yesterdays rates. and local billed was 1ac
lower December corn closed &c lower for
the dav: January lost 1sGAc, and May I'M
changed.
900 hu. and all from unlicensed elevators.
The trading in futures was moderate only,
and mainly in the way Of evening up trades
previous to the holiday. May moved over
only 3-ffc, ranging to the Bottom, opening at
19c, selling I'd to 1870. off to 1870, and clos
ing at 199191ac, as against 19c on the day
before.
Provisions which advanced yesterday be-
cause of the days run OF hogs being small
being disappointment Of a totally differ
emit cha~acter, the run OF .cSY reported from
the yards being 81 900 head. in place of
$4,000 head. as expected. Trade of the
recent moderate volume; and without espe-
cfal si~7tfcanee In the natter. of individual
operations : Compared with yesterdays clos
ing rri, IS. the following declines have &C.
January and May lard, each. TIC, and in
Banuarv and MAY ribs. each. SC.
Estinated receints for tomorrow: Wheat
go cars; corn, 40; oats, $50; hogs, $4,000
head
The leading futures ranged SIS follows: