The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1897-12-08
MARKET SUMMARY.


CHICAGO, Dec. 7.-Outstde of sensation
al squirt in December wheat, which took place
shortly after the opening the grain and pro-
visional markets were dull and uninterest-
ing today. jump of &c in December on an
attempt to buy about 10000 blu streng
thened the belief that that option is very
securely "cornered." 1t closed PIC higher
May was firm all day and closed %G%c
higher. Corn and oats closed fairly steady
at substantially yesterdays prices, and pro-
visions closed a SADIE lower all around
Wheat started off in a whirl of excitement
Opening sales Of both December and May
were at practically last nights closing fig
ures-96c for the one, sec for the other. 1t
soon developed there was some December
wanted undoubtedly to fill shorts, with none
offering. On this account the price advanced
at once, December getting to 99c and May
to 9OAc In the first fifteen minutes of the
session. The alleged bull clique stopped the
advance by selling only a small lot less
than $4,000 Blu, the big premium over May be-
ing against it's policy because if allowed to
stand it would turn wheat marketings all
this way. So the price fell back to 9714c
for the one and S9ac for the other.
Before the regular session commenced, the
feeling was nominally weak because of a
decline of ed at Liverpool and A0Ac at
siderably larger than Tuesday of last week,
the arrivals today being 7O4 cars against 4S2
last year, and 1,040 last Tuesday The trade
had in mind two stirring facts, however, one
that the alleged bull clique had been big
buyer Of calls Monday afternoon and the
morning newspapers told of freight room be-
ing engaged at Boston for 1900, coo bu of
wheat for January and February shipment.
This was construed to mean that when the
line of December wheat was delivered to the
bull clique here it would ship it abroad by all
rail to the seaboard if the water route was
closed. 1t was semi-offcially given out that
the short line for December in the market
was over 1000 900 Blu, with less than 8, 600 900
bu of contract in store here today May was
well supported at S9a4c, the enormous export
clearances-an equivalent of 1882 900 bushels
of wheat-tending to create nervousness on
the part of the shorts and a report that
France would yet require $4,000, 900 bushels
Of outside wheat not calculated to allay
this feeling. Primary receipts at western
points were $4,000 bu but the shipments
were also large, SAL, 600 bu, nearly 1000 of
1t from Duluth-all at the latter point having
been sold to Chicago elevator men. Eastern
shippers and exporters.
AT II o'clock May 90c December 9Sbc.
UP to within fifteen minutes of the close the
MAJ Net ueIu very nrIn, with narrow trading
Efforts were then made to break the price
below calls and May was sent down to S95sc.
closing at S95sG24c bid. December closed at
9SAc.
Corn was dull, but firm all day. mainly in
sympathy with wheat. Offerings were more
moderate, and the demand from shorts more
general which kept prices a fraction higher
most OF the session. There was some buy-
ing in expectation of a reaction after the re-
cent decline. Receipts were LIBERAL 654 cars
The visible supply figures were corrected to
read llO9,OCo blu decrease, instead of 2109. 900
as ofhcially announced yesterday. Clearances
were $4,000 Blu. The close was easier fol-
lowing the little break in wheat near the end.
May ranged from S5s612S24c to 2S3ac. closing a
shade lower at 2SAG2S7sc. Oats were firm and
higher. The market however was extremely
dull and without interesting features The
strength in wheat and corn was sufficient
with the slack trade, to cause prices to ad-
vance Elevator concerns and commission
houses did all the buying, while the selling
was scattered Receipts were posted at 597
cars. Seaboard cearances were 267, 900 bu
May ranged from 22Hc to 221sc. and closed a
shade higher at 228c.
Provisions, though very dull, ruled firm and
little higher until ne the close Receipts
of hogs were smaller than expected and this
with fair local and outside demand, caused
slight advance. Toward the close the mar
ket became easier on realizing by local oper-
ators and the advance was lost January
pork closed 214c lower at $3.50; January lard
a shade lower at $4271RGD430 and January
ribs shade lower at $4221a64.25. Estimated
receipts Wednesday, Wheat 2+5 cars; corn,
49, oats, 315 hogs $4,000 head
The leading futures ranged as follows: