The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1897-12-07

CHICAGO Dec. 6.-All the grain and pro-
vision markets were quiet and comparatively
narrow today May wheat opened lower
and advanced but broke badly on very lib
eral seeding estimates, and closed CSC lower.
Most of the statistical news favored lower
prices Corn and oats were unchanged at
the close, while provisions showed small
advances.
At the opening and for short time after,
wheat was in a weak condition, opening
at S9AGS93sc, as compared with Saturday S
closing price of S91kc. 1t sold off slowly un-
der fairly liberal offerings to sS7sc. Early
news almost altogether favored sellers. Liver
pool which opened Ad lower, showed
AQ19d decline at 80 p. m. Worlds ship
ments were very large, amounting to $685.
600 blu, fully ,0O0 blu more than expected,
though all the increase was from America.
In the last twenty-five weeks America has
furnished three-fifths of all the wheat shipped
by exporting countries The trade was also
figuring on q visible increase OF 100000 blu,
against a decrease of $500, eco bu last year.
The opening weakness was added to by the
liberal Northwestern receipts. Minneapolis
and Duluth reported a total Of 1,Sl5 cars,
against / 44O last week and 1,048 a year ago.
Chicago receipts were PSI cars After the
market had dipped to SS7sc, there was
quick rally on covering by shorts and the
market went to S915c without much effort.
1t had been expected that in case OF break
below sec big line of long stuff would come
out but in this the crowd disappointed.
The visible showed a larger increase than
expected, aggregating 1,1S9,0O0 blu, bringing
the total stocks to "a 0G0 bu. year ago
they were sc, 312, 900 Blu. But so firm was
the market that even the excessive increase
fell fiat in so far affecting prices was con-
cerned. The arrival here of 2S4,000 blu by
lake from Duluth, PSI cars by rail and the
re-inspection of 70 cars from private and
public elevators, all of contract grades, did
not dampen the ardor of the buying. The'
amount on passage increased 1,6S5,O0O bu,
bringing the amount to SO, $4,000 Blu. A year
ago it was 81, coo blu.
At l o'clock May had sold as high as S9%c,
the market being helped a great deal by
rallies at New York and st. Louis. The mar
ket held very steady at that price for some
time, became suddenly weak and dropped
to SS34c This was due to the Orange Judd
Farmer report which gave the area of win
ter wheat sown as IA per cent larger than
the crop harvested in 1897, although the
condition of the plant was put at only 81
per cent There was an endeavor on the
part of early buyers to realize on their pur-
chases, but a lack of supporting orders either
from outside rendered this difficult, and
decline to SS%c resulted. Just at the close
an effort was made to buy some December,
but SEC had to be paid, cent above Satur-
days close. May closed nervous at 8S7sc.
There was not much done in corn. The
market opened a shade lower with wheat,
but became steady after a Slight decline and
held well throughout the session, notwith-
standing the break in wheat, closing at near
ly the top price of the day The trade was
almost entirely professional. Receipts were
1894 cars. Liverpool was A0%d lower. The
large out inspection of 256, eco blu, and liberal
shipments of 3S9 Geo Blu, had a Strengthening
tendency May ranged from 2S5sc to 2SAQp
2S3sc and closed at 2S12c. The market for
oats was a very narrow one, with small
offerings and equally restricted demand. The
market was weak early in the day, follow
ing the course of wheat, but soon steadied.
AS in corn, trade was almost altogether
professional. Receipts were 519 The
bu, and local stocks increased IS eco bu. May
ranged from 22Ac to 217sc, closing unchanged
at 22Q221sc.
Provisions ruled strong and higher on
moderate amount of business. Receipts of
hogs were 5000 less than was expected and
the market was influenced by that principally
Shorts were little anxious about outstanding
contracts and purchased to some extent Part
of the advance was lost on selling by Gu
dahy's brokers' but the close was steady jan
uary pork sc higher at $S.32B, January lard
PIC higher at $4SO and January ribs 21hc
higher at S4.25. Estimated receipts Tues
day. Wheat, 20 cars; corn $40 cars; oats
$50 cars; hogs, 80 0G0 head.
The leading futures ranged as follows: