The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1896-12-30
OF ANY CLOUDS IN THE MONEY
Sky.
NEARLY TWO CENTS ADDED.
VARIOUS CAUSES CONTRIBUTED TO
HELP OUT THE STRONG BULL
MOVEMENT.
COARSE GRAINS RELATIVELY FIRM
Corn and Oats Made Fractional Adj
vances While Hog Products Were
Weak and Declined

CHICAGO, Dec 29.-Wheat today advanced
nearly &c, the market showing more strength
than it has for some weeks Foreign and
domestic statistical news was all very strong,
and altogether smothered the effect OF the
troubles in the financial world may have had.
Corn and oats were relatively strong, closing
&c and nc higher respectively. Provisions
on the contrary were weak and declined TIC.
Wheat was strong from the start. Opening
quotations were from nc to pc higher, partly
because of the Liverpool opening advance of
ed, and partly of the feeling that local f1nan-
cial trouble was over. Opening transactions
for May were over range of from S2Ac to
S215c 1t soon began to gather additional
strength, and got high as S23zc in about an
hour from the opening. Various causes con-
tributed to this advance not the least of
which were reports on the Russian winter
wheat crop, showing a decrease of SO,OOO,0OO
bu from last years figures. To lend strength
to such figures, Boston and other Atlantic
ports reported large clearances. Later
Liverpool quotations, however, came
34d lower for January, and bank failure was
reported from Minneapolis and another from
Roanoke, Va, the effect of which upon
the wheat market was temporary reaction
to $3.50. 1t did not take long to recover
from its easier feeling, and about II O'Clock
l. was bringing 83Ac. Closing cables had in
the meantime been received showing moderate
advances at Berlin and Paris, and a recov-
cry at Liverpool of I'd more than it had
lost. While Bradstreet's worlds visible
showed the heavy decrease of 2555, 900 blu as
compared with 1000 blu decrease on the cor
responding week of the year before, it was
disappointing, inasmuch as an even heavier
decrease had been looked for.
After dropping hack, however, to S3c, the
first impression regarding Bradstreets was
soon corrected and on the wave of buying
which followed the price of May rose to 8334c.
July relatively stronger even than May,
rs was seen in the narrowing of lie per blu
In the spread. Yesterday the discount of
July from May was SIC; today is was re-
duced to 41sc per blu. During the last hour
the volume Of trading increased and the
ering by shorts. The strength was main
tanned to the end, the closing price for May
being S37s@84c.
Corn was sustained to some extent by the
strength of wheat. Trade, except during the
last few minutes, when shorts made small
scramble to cover, was very quiet May
opened unchanged at 253sc and gradually
advanced to 257sc, closing firm at that figure.
The market for oats a dull one with
prices confined to a narrow range. The firm
ness in wheat caused similar tone, and at
the close values showed a gain of 1A6Ac over
yesterdays final quotations. May opened at
20c sold at 1890, went up to 201sc and closed
with sellers at that price. Atlantic port
clearanceS were heavy, amounting to 283, 600
blu. Provisions took little comfort from the
strength in wheat and corn. The hog mar
ket was weak, and that was enough appar-
emily to give a downward direction to the
products. At the close May pork was about
TIC lower at $7.62G7.S5; May lard about sc
Estimated receipts Wednesday: Wheat, 16
cars; corn, 24O cars; oats, 210 cars hogs, 35-
900 head.
The leading futures ranged as follows: