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Show HEAVY WHEAT RECEIPTS WITH UHET STEADY Bearish Sentiment in Opening Hour; Firm Close Through Northwest Buying. CHICAGO, Doc. 8. Large shipments of wheat from Duluth was the principal princi-pal cause of a steady fooling today in the locnl wheat ninrkot although tho price of May delivery declined VnSHi?. Corn was up 4c. Oats gained V4c. Provisions wero 12M5c to 40c higher. high-er. At tho opening sentiment in ihc wheat nit was bearish because of cas-ior cas-ior cables, tho Liverpool wheat market closing at a loss of k(q)Xc. The market mar-ket was also depressed" by receipts in the Northwest, which wore again larger larg-er than for the corresponding day a year ago. About the middle of ' the dny the market became more firm bo-causo bo-causo of buying b' northwestern houses. This, it is asserted, was caused by the hoavy shipments of wheat from Duluth today, which woro reported lo amount to 1,000,000 bushels. Later tho market eased off on selling by local longs. Tho closo was steady. May opened V6(rpVi(i lower at 7$(a)7Qic in SlUc, sold lictweon 706D79Ifec and 7i)c, and cloaod at 7970c. Sentiment in tho corn pit was bullish and tho volume of business considerably considera-bly larger. Elevator iutorests woro heavy purchasers of May aud this crcatod a general demand by 711 1 traders. trad-ers. The market was strengthened by confirmation of reports of damage to tho Argentina crop. Tho close was iirm with prices at tho highest; point of tho day. May opened unchanged to a shade lowor at 436?)44c to 44c, sold at 43 Tic, nnd then ndvnnecd to 44Vlc, where it closed. RANGE OF THE LEADING FUTURES Wheat Open. Hlsh. Low. Close. December .. .. ,n 75 74? 743 May 791 70i! 7!i 70i Corn December .. .. 42? 43t 42i 43 May 44 IU 131 44 July 4IJ 14R 442 44g Oats December .. .. 33? 34J 335 34 J May 353 3Gi 352 3GJ July 33i 33; 33J 33g Mess pork, por barrel January 15.15 15. 75 15.45 15.75 May 15.55 IS. 00 15.55 15.05 Lard, per 100 pounds-December pounds-December .. .. S.G0 S.S0 S.G0 S.S0 January S 60 8.77j S.GO S.70 May 8.65 S.S0 S.G5 8.871 fchort ribs, per 100 pounds January S.30 8. CO 8.30 8.50 May 8,321 8.55 8. .121 S0 CASH QUOTATIONS. Cash quotations wore as follows: Flour, ilrm. .winter palontB, ?3.30(?3.50: bakers', $2.I0SC.90; straights. ?3.30tf73.40; spring patents, 53.80a3.90; straights. $3.20ig'3.G0. No. 2 spring wheat. 79iff85c; No. 3, 78 84c; No. 2 red. 743f75c, No. 2 corn, 151'c; No, 2 yellow. 48ic. No. 3 oats. 31ilc, No. 3 white, 32?j)3(;c. No. 2 rye, G4iG5c. Fair to choice malting bnrloy, IS'JDCSo: No. 1 Northwestern, $1,191. Prime timothy peed. $4.35f?'4.45. Clover, contract grndef, $13.05. Short, ribs, sides (loose). 58.25 8.75; moss pork, per barrel, $14.75; lard, per 100 pounds, $8.85; abort, clear side's (boxed). $8. 758.871. Whlfikcy, basis of high wines', per gallon, $1.29. RECEIPTS AND SHIPMENTS. Hec'ptH. Sh'pmts. Flour, barrels 20,200 13.800 Wheal, bushels 55,000 fi.GOO , Corn, bushels 188.G00 88.200 Oats, bushel? 205,500 212.800 I've, bushels 11,000 9,300 Barley, bushels 75,900 21,700 CHICAGO PRODUCE. On the Produce exchange today tho butter market was steady; croamerloe, 22 530c; dairies. 20$2Ge. Eggs strong at mark, cases Included. 26030c; firsts, 31c: prime firsts, 34r; oxtras, 30c. Cheese steady at 13tf7'14. New York Tlour and Grain. NEW YORK, Dec. 8. Flour Receipts, Re-ceipts, 25,100; exports, 4000; sales, 4100 packages; markot dull, but steady. Minnesota patents, $4.104.40; Minnesota Minne-sota bakers', $3.406?)3.80; winter patents, pat-ents, $3.754.00; winter straights, $3.50 6S3.150; winter oxtras, $2.n03, 10; win-tor win-tor low grades, $2.806?3.05. Wheat Receipts, 0o,000; exports, 80,-700; 80,-700; sales, $1,200,000 bdshels futures. Snot steady; No. 2 red, 80Vj elevator: No. 2 red, 82Vjc f. o. b. afloat; No. 1 Northern, Duluth, S5V5c c. i. f. Buffalo; No. 2 hard winter, 78 c c. i. f. Buffalo. Buf-falo. Opening easier on poor cables and unloading un-loading operations. Wheat recovered on big seaboard clearings and rally in the Northwest; closing net unchanged. May, 85Vl'(S)S5:)kC; closed, SdVjC. July, 846D84c; closed, Sl'c. December, Sl-lic. ( New York Sugar. NEW YORK. Dec. 8. Sugar, raw steady; fair refining, 3 11 -32c; centrifugal. centri-fugal. .96 test. 3 27-32e; molasses sugar, su-gar, 3 3-32c; refined, steady; crushed, .$5.50; powdered, $4.00; granulated, $4 .SO. Co flee quiet. No. 7 Rio, 714 c. Clearing-House Statemont. NEW YORK, Dec. S. The statement of the Clearing-House banks for tho week shows that the banks hold $6,702,-175 $6,702,-175 less than the legal reserve require-mcnts. require-mcnts. This is a decrease of $8,151,- 300 as compared with last week. Tho statement follows: , , Loans, $l,O44,663,S00; decrease, $.V S83.500. Deposits, $982,177,500; decrease, $16,-457,200. $16,-457,200. Circulation, $53,740,900; increase, $416,500. Legal tenders, ,$(50,837,300; decrease, $2,533,400. Spccio, $17.1,954,900; decrease. $9,32,-200. $9,32,-200. Reserve, $238,842,200: decrease, $12,-205,000. $12,-205,000. , Reserve required, $245,54 4, 3 in; decrease. de-crease. $4,1 14.300. , , Deficit, $6,702,175; decrease, $8,lol,- Ex. U. S. deposits (deficit) $3.132,oo0; decrease, $8,143,300. The deficit, reported today is the largest larg-est sinco August 26, 1893, when the re; serve wns impaired to the amount ol 36,767,000. Two weeks prior to thai; date, however. August J2, 1893, occurred the greatest deficit, in tho history of the Associated banks, amounting to $16,-500,000. $16,-500,000. Tho Financier says this week: "The oflicinl statement of tho New York Associated As-sociated lwtnks last week showed a much greater deficiency in tho reserve than was expected. Though the extinction of tho fciirplus seemed during tho week to be unavoidable because ol the direct-'ly direct-'ly traceable losses of cash almost every day through the treastirj', it was thought. likely that there would be such a volume of loan contraction and consequently conse-quently a reduction in deposits, and hence of rcsorve requirements, as to minimize the loss of reserves. It. seems, however, that instead of thero being a large contraction there was only a moderate docrease in loans, so that the statement reflected in theftf' most tho entire amount oflfe cash less the decrease inll quiremcntH. mi' "The reduction of $12 iflfl ensh item was largor thnJf was generally estimated hmf bringing over from tho xrM 1 of tho unrecorded averaMi from tho transfer to San. Friday, November 30, of .431' deposits were decreased ' which amount very nearly K the sum of ( tho loss of cW 1 contraction in loans, and t statement made a good pre rfJ quired reserve against gem m was reduced $4,114,300, dedi IJ from tho loss of cash as $8,151,300 as the decrease r to ?0,702.1 75 deficiency. lS bo observed, is the laTgeB W the year, exceeding by $12 'jji1 $6,577,925, which was recoj ;'4 tembor 8. Computed uponl. deposits, less thoso of $14,27 funds, the deficiency ui ' 1 Loans wero reduced ""$3,83: f'l was probably due to tliej, ' the banks lo the urgent doi i the week by stock operato'ir modntion, tho withholding might have been attended results, through the deviH greatly unsettling condita-1' stock market. Tho loans 300 in .jxeess of deposits, mir est excess i'or any weck'jiu year.'' M |