The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1898-01-01

CHICAGO. Dec. 31-The December wheat
deal, like the proven bal March weather came
in like lion and today went out like a
lamb" There was no excitement attendant
upon the closing session. December winding
up at 95c or &c above yesterdays close.
Speculative business in May was light but
firm, that month closing at ss414c advance.
Corn and oats were lifeless and closed at
substantially unchanged prices. Provisions
very strong and closed 1GG25c higher.
1t was typical holiday market in wheat.
Notwithstanding the fact it was settlement
day and the session marked the close Of one
of the most gigantic deals IN actual wheat on
record there was not trace Of excite
ment, either In the cash article or in the
speculative futures. May was quite firm at
the opening, starting iac higher al 929s G9234c.
few small sales were made a moment or
so later at 9213d923ac, but the market ad-
vanced at once TO 93c, around which figure
1t hung for some time. The feature Of the
early frmness was the surprising strength
shown by Liverpool. which market showed
kd advance in the face of PC decline here
yesterday. Some of the strength, too, was
carried over from yesterdays war scare on
the curb. After a little show of activity
around the opening, the a!ket began to feel
The effect OF the holiday spirit and became
exceedingly dull.
Local receipts by rail were 1O7 cars, of
which 40 were contract, and 3 300 bu contract
wheat We're received by canal The total
addition to contract stocks in regular houses
was 172G00 blu. and it is calculated that
the entire amount of that grade ap-
plcable on contracts is 5000 600 blu. Min
neapolis and Duluth received 5O7 cars. against
701 the corresponding day CT last week. There
were no shipments of wheat from Argentina
this week. Beeibohm estimated that in con-
sequence of having Imported earlier In
the season in excess of immediate consump-
tive requirements, the weekly needs of for
eign wheat and -four in Europe for the
mainder Of the season would be $4,000 blu
and the same statistical authority calculated
that the available surplus in exporting coun-
tries to the end of the crop year would
not come within Zoo GOO blu a week of sup
plying their requirements. The exports from
the Atlantic ports were again surprisingly
liberal. Without the returns from Baltimore
the clearances today were equal to 5S7, 900
bu. The market became stronger on this
May advancing to 93Ac. There were COM
parattvely liberal offerings at that price and
about l o'clock the price was down to $3.50
92Ac. There strength again developed and
IN the last few minutes trading, the price
advanced to $3.50, where it closed.
Nothing Of a sensational character devel-
Oped in the December deal. Allen-Grier were
&c discount for the latter when any one
could be found willing to make the change.
The price of December held between 941ac
and CSC all forenoon against yesterdays close
at 94lIc During the afternoon December
sold as high as 95Ac and closed at 95c.
Corn was exceedingly dull, traders showing
almost no interest in the market, the re-
suit being range in prices of only hQHc.
The feeling throughout was firm, principally
through sympathy with wheat. Short sellers
OF yesterday were the principal buyers today.
May ranged from $3.50 30c Oats were slow
though showing more life than corn. The
feeling was mostly caused by the evening
up of short lines. decline followed, due
to the general duilness ard a little realizing
by scalpers, the market closing steady and
unchanged. May ranged from 23Ac to 2312c
and closed at 235sc..
Provisions were fairly active and very
strong throughout. Opening prices were
higher, with wheat and on the better hog
prices. Heavy commission house buying kept
prices on the advance all day. offerings by
holders with profits, the only important
selling, being readily absorbed Armour was
a buyer in the last hour. At the close May
pork was 25c higher at $9.22R, May lard 10c
higher at S4.S7l2 and May ribs, 1215c higher
at $4.67lA. Estimated receipts Monday:
Wheat, 230 cars; corn, go cOrs; oats, 440
cars; hogs 5000 head.
The leading futures ranged as follows: