Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1883-11-28
PROVISIONS AWAY ABOVE PAR.
CHICAGO.
Especial Telegram to the Globe ]

entirely tb r own way at last. Despite
the fair We. her and consequent ground
for supposin1 there would be a break,
prices stsrte, in strong and steadily ad-
vanced, every thing closing higher than
for some weeks. In speculative way the
day was particularly active. The first
impetus was given by short coverings. Af
ter that the markets held their own through
speculative demand. Foreigns were quiet
and SLOW ell around but the local conditions
we're such as to entirely overcome
what softoning Influences might ordinarily
attract to them. New York was firm.
There were no decided features in the
market, but as one commission man put
it, "The whole community is after the
stuff now" ''The solution of the thing"
said q dealer in ''the alley" this Don, ''is
that the crowd which for some time has
been in sym pathy with the war movement
has gradually become educated over to the
other side. War news has dona it. A
growing appreciation of the fact that
there is none too much of either corn or
wheat in the land has also had its effect.
The papers have contained statements
to the effect that Khartoum'5 supplies had
been cut off and would want corn. The
False Prophet was destroying supple s.
This and q host OF other influences
have set the crowd against the bears, and
hence, everything goes"
In wheat there was q largely increased
degree Of activity to-day, and while rather
easy in the eerly part Of the session finally
became firm and sold up 20, but the ad-
vance WIS sooc lost. Later it became ac-
tive and excited, and sold up 258c from
the loves point, being affected by sympa-
thy with Inc baoyancy in corn
and provisions, changed some
and at the close seller December was about
22Ic higher than at l O'Clock yesterday,
January 225c higher and May about &c
higher. The receipts continue very fair.
Stocks are increasing and foreign edyices
were indicative of dull feeling, but there
appeared to be more speculation in the
market; hence the advancing tendency.
Oa call the marEet was greatly unsettled
aud prices irregular. Near deliveries
ruled stronger and the longer deliveries
ruled weak and lower. Trading was chief
~ III ohuudEy huu may
Corn was active and buoyant, November
or cash closing about 222lo higher than at
one O'Clock yesterday, December 216c
higher, year 216c higher, January PIC
higher and May 8 higher. The market
was Influenced by much the same causes
as yesterday, but in a greater degree. The
first sales were at nearly the closing figures
on change yesterday but ic below the
call. Prices were a trAe easy just at the
opening, but buying orders began to pour
in and the local crowd become bullish and
the shorts excited, when there was
an active com mpetition which
sent prices up irregularly from 21lc to
24c on the different futures
as will be seen below, but the advance was
not fully sustained, though the market
closed rather firm. Tno light receipts and
sympathy with tho buoyant feeling in pro
visions also inAuenced the market Ia favor
of the bulls Receipts were smaller and
there was an unusually active demand
largely from the short interest, who were
anxious to cover. "Corn," said promin-
ent operator, "will soon be king" Every
day the iuterest in this cereal seems to in
crease, ana all the other speculative options
have BECOME secondary III compari'
son. GA call there was g
good demand ana offerings were free.
Prices ruled frmer and higher. Trad
ing was principally in the May deliv-
cry.
In oats the market changed about to
livalv frada and thon
ususl attention was given, with prices rul-
ing higher for cash and all months and
buping orkers were frse. No. 2 cash sold
readily and nearly the entire daily arrivals
were seeming in store, while buyers havs
been rather scarce in the sample market
and only the better cars of wheat ooult
be sold at any premium over tn
store price, with shipping order
lighter than heretofore. On call offering
were quite liberal and the demand active
Prices were tirmer and 1sg 4o higher
Sales were principally in the January an
May options
The advance IN other markets imparte
considerable streng n to the rye marke
aud for futures prices were i 1c better
but cash did not change. On call rye Wa
in active request but prices did nc
materially change. Trading was confine
toJauuary and May.
Ia barley no change was noted. A
absence of speculation an
only s limited cal for cas-
gave depressed feeling TO the who
market, and made it impossible 80 brin
about any activity 80 CORES pond with thE
shown in other markets. Samples wei
doing only fairly, with sufi ,ieot at the 10
prices to take all tine better cars of the 10
grades, but duh for the poor and dsl
grain. shipping orders were limited an
local buyers we're doing little, being gel
orally reported as well stocked with NAL
and hence there was no actual requireme el
for barley.
In -four there was a continue
dull feeling, with the high
grain market not helping to a,
improvement in shs demaad under tn