Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1883-10-28
WHEAT RISES 2 1-2.
Germ and All Other Cereals Show
Substantial Improvement.
PROVISIONS ALSO STRONGER.
chigan Central and Canadian Pacific
the Features Of Wall Street.
CHICAGO.
Especial Telegram to the Globe. J

was the most exciting for several weeks,
the chief interest centering in wheat,which
bulged beautifully. Regular No. was
active and higher, November closing about
21Io higher than at l O'Clock yesterday
December 24c higher, January 21ac
higher, and Mey 2$8o higher. There was
some strength developed yesterday after
noon, and this morning there was short
and speculative inquiry, under which
prices advanced irregulariy about &c from
the opening, eased OF d tride, but the gen
eral feeling was strong and the closing
quite strong. There were some warlike
rumors, which, though without much ap-
parent foundation, helped to strengthen
the market. The market was influenced
largely by shorts covering. The receipts
were smaller and shipments fair. while
foreign advices were little
more encouraging and New York was
better. The rush of the shorts to cover
at about II o'clock nearly precipitated q
panic, and the transactions were very
heavy. Bloom and other active shorts
were taking large lines, one of them no
less than a million bushels. It was sad
day for the bears, and few of them are left.
A great many traders have joined the bull
side, and it looks like an advancing mar
ket for the balance of the month. About
100000 Bushels of December were sold,
and the entire transactions nearly equalled
the entire stock on hand in Chicago. On
the curb December cold at $3.50, and bets
+Io - o. QeI/o
on Monday. After Change closed thou
sands of buying orders were received
from the country. It was a
big day for the bulls all along the line. All
the other speculative markets tailed along
after wheat and substantial advance was
recorded in almost everything.
Corn opened higher than yesterdays
closing, wavered little during the early
part OF the session, but when wheat be-
came strong and active, corn became
strong in sympathy and sold up irregular
ly &c, eased off trihe, but at the close
November was about e : higher than at 1
O'clock yesterday, December 1c higher,
year 1o higher and May sc higher. The
demand was largely from the shorts,
though the frmless also developed some
speculative demand. It ruled more active,
chiefly on speculative account, and tbs
the fee'jug was stronger. Shipping de
maud fair. TIE receipts were smaller
and shipments larger, but the
principal cause assigned for the improve
ment was that the advance in wheat and
provision circles induced the short inter
est to cover. Besides, there we're some
large purchases made for November, in
Guiding some large lots, and this frighten-
ed the short interest.
Oats were made active and stronger.
Prices were ruling strong for the day with
the better in other markets bringing in
more buying orders and helping to a slight
advance for cash and all months for the
futures No. cash was called for, and there
was sufficient call in the sample markets
TO take all that were on sale, although II
was impossible to obtain yesterdays out
side prices.
Rye was quiet, but prices
changed very little. Trading
was chiefly speculative and partially in the
way Of changing contracts from one
months delivery to another.
B rl9y was holding steady and Gales were
quite ready at firm prices, and all other
grades to the sample market and doing
we'll for the plump and bright grain. No.
cash sold readily for fresh cars to hold
above for round lots. No 3 was selling in
the sample market entirely. The lower
grades were all worked off, but at low
range of prices, and the quite poor stock
is shipped to the east and probably for
feed.
In provisions irmer feeling was mani
tested, and trading on speculative account
was moderately active. Prices were ad-
vanced on all the leading descriptions and
the appreciation was fairly sustained to
the close. Foreign advises indicated
weaker feeling in lard and more strength
in bacon, the former being quoted Cd low
er and the latter Sd higher. Eastern mar
kets were stronger and prices more favor
able. The receipts of product were light
and the shipments quite liberal in the
aggregate.
The market for mess pork exhibited q
fair degree of activity and the prices were
ffrmer. The offerings were rather free and
the Inquiry active, more particularly for
January and February delivery. Prices
were advanced 15@25c as the
whole range, and the improve
ment was moderately well maintained
The shipping demand was only fair in
the way of filling small orders. Only 8
moderate demand prevailed for lard, and
the offerings were not very large. The
market was stronger, however, and prices
ruled 591Oc higher per 100 pounds and
closed paratively steady. The demand
for shipment was meagre. There was a
little more business transacted in the mar
kpt for short rib sides. and the market was
stronger. Prices ruled frmer and log 2Gc
higher per 100 pounds and closed compgr-
atively steady. Shipping demand mod
crate.
The quantity of No. 2 spring wheat be-
ing moved from the Northwestern ele-
ve5or, in this city, to the Pacific house
has been overstocked. The quantity
50 far agreed for is about 10000 bushels.