The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1897-12-25

CHICAGO, Dec. 24.-Buying by the bull
clique and covering by traders not wishing to
remain short over the holidays made a strong
speculative wheat market today, May closing
&Ss@%c higher. December was a trife weaker
and declined 12c. Corn and oats firm
corn advancing &c, while oats added A@asc
to its former price. Provisions barely held
their own.
In wheat the moderate strength with which
the market closed the day before added
to at the opening. There were some indica-
lions yesterday afternoon in the active de-
mand on the curb for calls that the Letter
French party will give the market the bene-
at of their more active support today. They
were credited with buying calls TO the extent
of 1090 coo blu. May which closed yesterday
at S3%c opened today with buyers at 91s9
94Ac, and very soon it was bringing 94asc.
about yesterdays call price, 1t took only a
little more application Of the bull whip to
set the sellers Of calls and ether shorts clam
oring for and competing with each other for
the limited offerings. That resulted In an ad-
vance to 94bc, that price being reached about
An hour from the start. The only prominently
bullish feature Of the routine news Of the
day was the heavy clearances Of wheat and
-four from Atlantic and gulf ports The North
western receipts were considerably heavier
than they were yesterday or on the CORE
spending day of the previous week. The Liv-
erpool market was closed for the Christmas
holidays, but was privately reported firm at
unchanged prices. Paris noted a tTiling de-
cline. a cablegram from the Buenos Ayres
correspondent of a st. Louis grain firm esti-
mates Argentine's export surplus of wheat at
3D. eco Geo blu. Hardly any attention, however
was paid to the news. Traders did not care
to remain shCrt over the holidays in view of
fip tbn mar lypf haQ N
= netting and buying did not cease until May
had been hoisted to 941sc.
Chicago receipts were 301 cars By rail and
1O9 400 by lake. OF the carlOts 173 were con-
Kat I'd he cargo was No. / northern sprl g.
Besides the mportatons 1,C00 Blu No. l north
ern spring and 81 cars CT the same grade
were transferred from unlicensed to regular
elevators Only 10000 blu were withdrawn
from store. Minneapolis and Duluth receipts
were 7G1 cars, against 633 Friday week. The
Atlantic and gulf port exports Of wheat and
flour amounted to the equivalent of no 900
bu OF that total the flour was equal to $685.
900 Blu. Argentine shipped COCO bu Of wheat
this week During the afternoon the bull
clique sold out good deal of the accumula-
ton of the mornings buying, starting when
the high point, 947sc, was reached The result
was a gradual decline in the price, May CLOS
inc at 944 943sc.
Corn was quiet and steady early, but the
sharp upturn in cats and the strength OF
wheat started shorts to covering, and this de-
mand caused a slight Improvement in values:
part of which was maintained. In general
way trade was small and unattended with any
particular feature of interest May ranged
from 29&c to 2913c, and closed 1sc higher at
295sc. The market for oats was strong and
quite active Quite a general demand was
evident Elevator concerns and shorts were
good buyers throughout. The fact that the
December wheat clique has large long
line Of cats had a good deal to do with the
buying. There was some reaction toward the
close May ranged from 2312c to 2Sc. and
closed A@ssc higher at 234 G23$sc. Provisions
were dull throughout. EaSiness prevailed at
the opening; owing to lower prices at the
buyers to change the course of the market
and cause a recovery. For, the rest Of the
session prices were practically at standstill
At the close May pork was unchanged at
SS.97la, May lard unchanged at $4.7212, and
May ribs UNCHANGED at $457]a. Estimated re- re-
reipts Monday: Wheat, $40 cars; corn, 260
cars; oats 27O cars; hogs, SO, 900 head.
The leading futures ranged as follows