The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1897-12-02

C111CAcO Dac Wheat was firm today,
hut very dull until about twenty minutes IIoni
the close when it started on a decilne Ia,
left # 5sG&tc lower for May than II Closeu
Yesterday. Lack of export demand was APP
narentlv the weakening feature finally. ColH'
oats and provisions were all dull ana prices
changes at the close were insignificant
The misunderstanding Of an order u puy
December wheat came near to demorahzing
+ba market at the opening. A commission
firms order to a broker to buy 25,COJ Du
Dacember wheat was misconstrued and the
wheat was instead offered for sale, resulting
in some other small lots coming on the mar
tet and an almost immediate decline TO 9fc
as against 953tc at the close yesterday. Inc
mistake was soon discovered and the buying
nj not more than $4,000 Blu put the price up
again to $3.50 in quicker time than II TOOK
TO go down. May started at 9l1sc' Dut tHe
effect of the Reorganization IN DecelhDel
caused temporary depression in May TO
9O24c 1t quickly recovered and IN course Vi
the forenoon it reached 9asc.
The cold weather continued throughout the
winter wheat region and fields were still un-
covered. The St. Louis crop experts evidently
thought the trials that the plant was oelng
Subjected to were more than it could live
tbrough as several orders came from there
IN h,Jy July wheat. That future IN cohse-
ouence was relatively stronger than May.
MINNEAPOLIS and Duluth receipts once more
this week showed some falling off, compared
with the previous week. but were still dis
couragingly heavy against those OF year
ago. Those places reported 115 cars against
762 last week and 316 the like day OF 1896.
Chicago received 115 cars against only %
last year, but shipments here were z54'0o0
mn. Atlantic port clearances were equal to
nd western
primary market receipts were 1,O09OCO bu
compared with only 200 bu last year. Zero
weather prevailed in the region around Du-
luth so that it was considered very question
able If any future shipments would be made
by lake from there this season.
This was delivery day, but notwithstanding
this fact there was hardly any wheat turned
over and it is the belief that little Will oe
until navigation is closed. Liverpool opened
unchanged for all futures but May, winch
was ed higher, but it closed strong at from
ed to Id higher. March, the active trading
month, being the strongest. Notwithstanding
the rather encouraging situation, the trade
was so light and the active local traders so
reluctant to retire with any unfinished bust
ness On their hands that in their efforts to
dispose of long wheat they accumulated dur
ing the forenoon's rise the market slipped
from under them and the price of May went
down from $3.50 to 903lc about 10 minutes
from the close. New York reported but ten
loads for export This lack Of export demand
started the unloading, which was rendered
difficult by the almost utter lack OF buyers
and prices slipped down very easily. May
closed at 902sG9O1bc. December behaved bet
ter, after it's morning gymnastics, and closed
at 96Ac, an advance Of 12c.
Corn was very firm and was very little az
fected by either the early strength or clos
ing weakness of wheat. The better feeling
was due in a measure to the belief that the
reliuu dation is about over, and the spread
today narrowed some. There were no de-
lveries on December contracts. Gables were
firm and exports were good, amounting to
S91, 900 bu. Receipts were 2l9 cars. country
offerings were moderate but the weather is
favorable for the movement. Trade was I'M
important May ranged from 29A to 91sc
closing a shade higher at 291sq29Ac UP
to a short time before the close the market
for oats was firm active and higher, De
cenlber especially showing strength. Good
elevator buying, firm cash market and sym
pathy with wheat all helped in advancing The
price Deliveries were small, which was also
a factor. The late break in wheat StrRted
May liquidation, however, and the market
lost all its early advance, selling at the bot
tom at the close. Receipts were 255 cars
May ranged from 22Ac to 220221sc, the latter
being the final price. December maintained
its strength, and closed Csc higher at 20Ac.
The market for provisions was for the time
smothered under the enormous receipts of
hogs today. This feature coupled with rather
free deliveries of pork and lard in December
contracts caused lower prices early. At the
decline the demand improved and the market
slowly rallied and the market closed fairly
steady. There was moderate shipping de-
mand. At the close January pork was &c
lower at $S.15. January lard shade lower at
81. 22IR and January ribs unchanged at $420
Estimated receipts Thursday: Wheat ITO cars;
corn, 495 cars; oats, $50 cars; hogs, 1900
head.