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

CHICAGO, Dec. n.-Wheat was quiet to-
day in marked contrast to the violent fuctua-
tons of the past three sessions. The close
showed an advance of 11ac for December over
yesterday. Corn and oats closed firm after
a dull day and provisions were in good
demand at an advance of loo for pork and
2l2c for lard and ribs. The speculative trade
in wheat was light, but the feeling continued
nervous. The December clique was thought
to have picked up most of the offerings, pos
sby enough to replace the amount sold yes
terday at much higher prices, to check the
feverish advance which had been started on
the action of the shorts. But while Decem-
Der sold higher, the more distant futures were
lower, May selling at one time 12c below
the close last night and January nearly &c
off. But both recovered some. The heavy
movement of wheat which is under way for
this market tended to relieve to some extent
the apprehension of the shorts and there was
less urgency in the demand from that inter
- est. 1t was currently reported that wheat
was coming in good volume from Mime
apois and that 900 bu of Duluth No.
northern on the way to Buffalo had been
stopped by Geographic orders and turned back
to Chicago, where the price would net the
owners DC per blu profit. 1t is known that
there are large amounts Of wheat elsewhere
only waiting for the price here to reach
figure which will warrant putting 1t on the
cars for, Chicago, and the bears hope to see
it come in such flood as to seriously en-
barrass the clique to take of it. 1t was
the belief that such would be the case that
encouraged the selling. Joe Letter is cred
tied with the statement that however much
wheat the clique might get it would all
be promptly shipped but the bears look upon
: this as a bluff. In December very little
was done, but any offer to sell depressed the
price lie a bu, and a bid for 10000 Blu was
sufficient to correspondingly advance it. The
opening of December was $1O4 and it first
after that advanced to $1.O5 and afterward
dropped to $1.G3 and the last trade was at
! $l.C41a. January was in about similar con-
diton to December. 1t was extremely sensi- |
tive and orders to buy or sell were in some
Jcases impossible of execution within from
SIC to PC of the Immediately preceding tran i
sacton The range at the start was from
Sac to 935ac, after which it sold again at
9424c and down to 9S1ac at the close. While
December in the end showed 12c gain for the
day, January shows 17sc loss.
Corn opened easy at nc decline for May
and 3sc for December. May closed at same
price as the day before, December 1-l6c low
err May ranged from 2S3sc to 2S9sc closing at
the latter. The days receipts were $50 cars
fair business was transacted in cats, not
withstanding the narrow range of prices May
opened at 22Ac, sold at 22$sc and closed at
22%c, Ac off from yesterday: Receipts were
1872 cars. Provisions were hrm ana trading
was a little more general than for some
days May pork rose 10c to SS.5I12, and |
closed at that. May lard rested at $4.o212, an
improvement of 212c and May ribs at $iS5
showing also 212c advance. Estimated re
800 cars oats, All cars; hogs, 600 head.
The leading futures ranged as follows: