Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1883-11-23
The Bulls Score Another Triumph on
the Chicago Board.
WHEAT AGAIN ADVANCED A PEG.
Corn and Oats Also Strong and Higher
in Sympathy.
PROVISIONS MORE BU0YANT.
The Speculation on Wall Street Princi-
paliy ManipuIatiye.
CHICAGO.
Especial Telegram to the Globe.l

CHICAGO, Nov. 22.-The bulls are again ioy-
full on change to-day. The markets were firm
er and higher under the influence of warlike
news. The demand was Principally from the
shorts, who " q scared into buying By the
light receipts i fears of foreign complica-
tons. The MAJ It was as it has been, almost
entirely local. " neat was active and irregu-
lar, being weak and lower early and selling fully
z C below the closing price at l O'Clock yester-
day, but then hrmed up, influenced by sympathy
with the strong feeling in corn and provisions
and gradually improved about * C from the
lowest point earlier IN the session, and at the
close December was about &c higher than at
O'Clock yesterday, January - higher. The
weakness early attributed to free sales by
longs, who had profit In former purchases,
and were disposed to realize. Later the reasons
above given caused the reaction and set the
shorts and spectators to buying. Rumors that
France and China had at last become engaged
In actual war also impaired a good deal of
strength to the market, and was perhaps the
principal reason for the advance. The visible
supply showed an increase of 100000 bushels.
Hobbs, Baker, Lindblom, Spence and Ream
sold heavily, while the Adams crowd and
Hutchinson's brokers were ready takers of all
offerings. Wheat is believed to be worth every
cent that is asked for it. Every possible bear
influence has been laid upon it, but like
elastic it gives way only to
come back again. The shorts are
afraid to go many minutes without it, and un-
derneath the surface of things there seems to be
a bed rock belief that though the supply be
great it will nave its outlet in due time. There
are no more bull arguments left, and probably
no other are needed besides the prices which
hav pft for nd
rule the market during the next four months.
The bulls Only need good leader now-one
that will not desert them on every
rally of cent. On call offerings
moderately large and the demand active Prices
comparatively easy. Trading was principally
in January and May.
Corn was active and decidedly strong, cash
for November, closing go higher than at l
O'Clock yesterday, DecenI ser and year &c
higher, ia uary Il C hIghe-, and May &c higher.
The early sales were at about The closing figures
OF yesterday, ruled strong, influenced by I'M
favorable weather for receipts and for
the drying out OF thu new crop, and
Immediately began to improve. Later was
news and tho boom" IN wheat gave the market
additions, trnness and the market advanced ir-
regularly about &c on the uear futures and / &c
ON May, changed some and closed rather firm
Light receipts also had some influence in
strengthening prices. On call cora was moder-
ately active and prices easier. Trading was
principally on May.
Oats was much stronger market and a more
active trading with the generally bullish ten
dency ofall markets bringing free buying orders
and something of an advance. No. cash was
sought after, but few cars were IN
TO the sample market Samples were sought
after for shipment and to home dealers, and bet
ter prices were obtainable on track or free on
cars than could be obtained in store. December
oats about $500, 600 bushels oversold, and it
is expected that the price will be from 2d4c
over May. On call oats were in good request
and prices frmer and about &c higher. Trading
was chiefly in January and May.
The rye market was more active and strong
with cash selling early IN
the day at the same prices while all futures sold
higher later IN the day aud held up we'll. Sam
Piles were slow and dull for all the lower grades.
On call thore was an active demand and
prices were higher. Trading was principallyin
May
The trade in barley was quiet November
wasalmost nominal, but the market was devoid
of both demand aud offerings. The same may
be said OF the market fer future deliveries.
Sample lots were far sale, and the best grade
continued 20 sell the most readily.
In hoGr particularly .dul market was
quoatUh.e, and there Is no present prospect
for traders 10 get together, with home dealers
only taking @liic,eut for their daily wants, but
there is difference az about 4Uc iper barrel be
tween h9lde-5 Of grades and the exporter and In
order to soil. holders would have TO allow big
reduction OF ct - loss to the miller. Rye -four
dull, buchVhsat q 'ur slow. Bran and milIstuffs
were in light supply and holding firm.
More life and increased business, accompan-
led with material advance IN prices in all the
speculative descriptions were the prominent
features in the market for hog products The
demand from shorts was quite active, and
tho offerings were unusually large at the sdyan-
eng scale. The shipping demand was moder- |
ate, and business checked to some extent by the |
extreme views of sellers The receipts of hogs |
were not as large generally anticipated, and |
prices ruled higher, which exerted considerable |
influence on the course of the |
market for product. Liverpool dispatches |
showed steady feeling in that quarter, and the |
Eastern markets were stronger and prices slight
ly advanced. The receipts of product were |
higher, and the shipments were liberal of all |
kinds and widely distri suted.
Speculative trading was active in the market |
for mess poek, hut chiefly IN the longer de-
lveries. The offerings were FREQ and the de-
mand active, particularly from the shorts.
Prices ruled somewhat irregular, within
range of 3uuSoa, ard closed
comparatively at outside figures. The shippiag
demand was fairly active ia the way of hiliny
small orders. january pork ranged upward SOC
a barrel, the advance hlIrg due To the covering
of the shorts, who var presumed to be the big
four" At any rate the principal buying was
done by Jones. Ths other three were suppos-
ably short. Jones was certainly 80. Hudson
was also big buyer. taking al offerings. ''O.d
Hutch was also sid t. be u buyer,
but no one coU'd sSea- - It. On
call pork was actively called for and
Offering were liberal. Prices ware irnler and
5Gl0c higher. Trading was principally in ths
February aud MAY deliveries
good business was transacted in the lard
market, and the feeling was stronger during the
greater part of the session. Spectators traded
freely aud the shipping demand was moderately
active. Offerings for future delivery were quite
liberal. Prices were frmer and advanced
15G Acc per ITO pounds on the whole range, and
the appreciation was well supported. On call,
the demand vas active and offerings liberal.
Prices were trmer and 21sc higher.
Trading WIS active IN short RIB sides, and the
feeling was much hrmer. The offerings were
moderately large and the demand on speculative
account quite active. The November option,
under active bidding by the McHeury pool,
Kent X Go. and Others. advanced 75c but even
81 thst inquire none of the product could be OBJ
tanned. The truth is there are no short ribs in
the market sufficiently cured for the present
months delivery and the market has been cor.
nered. In the other deliveries prices vers
gradually advanced l0Gl2Lc per 100 pounds
early in the day but settled back again aiR5c
later, rallied l5a zoe and ruled conparstiyelv