The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1897-01-02
VARIED ITS COURSE
WHEAT MANAGED TO SCORE AN
ADVANCE TO CLOSE THE
YEAR.
OPENING PRICE THE LOWEST.
SHORTS WHO WISHED TO SQUARE
ACCOUNTS WE'RE IN THE
MAJORITY.
FEW ORDERS FROM THE OUTSIDE.
Trading Dull as the Result of q
Short Session and the Inn
pending Holiday.

CHICAGO, Dec. S1.-Wheat today varied in
course on the end OF the year, and managed
to score a small advance, although trading
was OF q holiday character. Both foreign and
domestic news was encouraging as rule
Corn. oats and provisions do not show any
substantial change in prices. The Liverpool
wheat market apparently reluctant TO
extend its sympathy to the full measure of
yesterdays decline. 1t opened ed lower than
1t closed, and recovered one-half of that a
little la,er in the day. The opening here was
at a decline of 3s012c from the previous
days closing price, the reason for such ad-
d.tonal heaviness being not very clearly ap-
parent. Rain in India was said to have in
6uenced some of those who sold at the open
ing decline. Business was not enlarged by
orders from any outside source. The short
session today, and the holiday tomorrow led
to general evening up, and, as it turned out,
the shorts, who wished to square accounts
over the pending interruption OF business,
proved to be in the majority. The market
was helped somewhat by the report that
100000 bu at Buffalo had been ordered for
ward to the sea6oard by rail- presumably for
export. Minneapolis and Duluth receipts
were 261 cars, against 339 week ago, and 401
the corresponding day Of the year before.
Chicago received 81 cars, compared with 101
last year, and $4,000 bu were inspected out
VI STORE Export CledTaQCeS OIL wheat ana
-four from the Atlantic seaboard were liberal
at the equivalent of 400 600 blu in wheat and
-four, which includes Il, 1858 barrels of -four
frow Newport News. May wheat opened at
from S29sQS 2%c, as compared with S27sQS3c
yesterday afternoon. The lowest quotation at
the start the bottom price for the day.
A subsequent rise to $3.50 was brought about
and the closing price was s3Ac, showing NO
ssc gain for the day.
Corn was quiet and a fraction weaker
early, but strengthened later IN sympathy
with the better tone Ia wheat, and the close
showed little change In a general way the
market was about featureless. Atlantic port
clearances were liberal enough to be a fac
tor, amounting to 672, 592 bu. May opened
unchanged at 251ac, sold between 253s0255sc,
cleslng steady at 2512Q253sc For a short
session the oats market was quite active and
business moderately heavy. The parties who
sold short yesterday were heavy buyers today,
and caused the firm feeling which was promi-
nent throughout. May opened unchanged at
1850, sold to 1880, and closed at 1870 bid.
AS for several days back, the business in the
provisions pit consisted almost entirely in
was some little straight selling by packers,
which, in the absence of much demand had
TO be offered down a little to find buyers.
Inc net result was a slight decline. May
pork closed a shade lower at SL77kl7. 80;
May lard, 21Rc lower at S5.95; May ribs a
shade lower at So os. Estimates: Wheat II
cars; corn, 26e cars; oats, 225 cars; hogs,
20, 600
The leading futures ranged as follows: