Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1883-11-27
A RANGE OF HIGHER PRICES.
Wheat Takes Jump On account Of the
Foreign Situation.
oFaERl GRAINS ALSO BETTER.
Provisions Stronger and Tending Up
ward Steadily.
Especial Telegram to the Globe. |


alton TO-DAY there were no reports from
there, and 'arhaps it was just as well, for
nobody but he men who professionally
make their own bread and butter on
Change seems to be taking much interest
in the markets just now anyway. The
outside crowd who live in the country
far and near appear to have experiences
not very remote of sort that
has made them chary. The rural specu-
lator is not as eager to be shorn as he was.
Somebody must be finding out by this
time that there is only a certain amount
of this thing that can be legitimately
done. Trading is almost purely local, and
unless something happens one of these
days to touch the speculative crazy bone
of this great northwest, there are some
fellows in "the alley" who will have to go
into other business or else go without earE-
ing their salt.
Wheat was only moderately ac-
tive and the prices were a
trife irregularly, but huctuated
only about AZ during the day, and the
close December was about ~ higher than
it closed Saturday, January 2sc higher,
and May about d c higher. The opening
sales were at nearly Saturdays closing,
became easy, trade being dull, and fell
5s@Tc, but finally improved, Influenced
by the strong feeling in corn and provis-
ions, and sold up nearly Bc, again eased
off and closed steady. At the opening and
during the first hour, it was an open
question whether the bulls or bears would
control wheat. The general opinion favored
break and for that reason it become
stronger and higher, getting additional
strength from provisions and corn, the
strongest things on the floor. Leading
speculators here think that all this talk
about the war is as foolish as anything
we'll can be. The only thing sure is that
when wheat is below 81 it is worth It's
price if a man has got the money to hang
on and the patience TO sit and twirl his
thumbs until it turns his way. The Adams
crowd were heavy buyers all day, vessels
were chartered to carry $4,000 bushels.
On change the offerings were large
and the demand fairly active,
prices we're 6rmer and h@4c higher.
Trading was about evenly divided among
the options.
In corn the market was active, strong,
and at times excited. At the opening the
feeling was unsettled, but prices soon took
an upward direction, influenced by an
active demand chiefly for shorts. The
weather was cooler and clear, but the bull
element had control of the market, and to
this and only moderate arrivals, consider
ing that the receipts were for forty
eight hours, was the advance
attributed. Shipping demand moderate
our foreign advices quoted firm feeling.
Prices were advanced 116@115c aboves in
side prices, and closed 1880 higher for
December and year, lsc for January and
118o higher for May than the closing
figures Saturday. There was general
feeling before the opeaing that prices
would range downward on account of the
pleasant weather, improved roads, report
ed freer movements of the corn crop in
Kansas, and dozen other baseless and
yariahonal reasons that actuate
the speculative mind ia its
erratio pranks. On the other
hand there was talk of the war between
France and China and any amount of fig
urlng on the results of the false prophets
man@uvres in Egypt, and despite the fact
that neither one of these coold possibly
have any more effect on the American
crops for at least a year, than the draft of
beer spigot might have on the boundless
ocean. The bulls managed to make peo-
pie oeheVe their way, SO everything staid
up Added to this came
the growing belief that nr;cas
have been lower all round for some
time past than there is any good reason
for. Vessels were engaged to carry o.
900 bushels of corn, On call corn was in
good request and prices were frmer and
- $50 higher. Trading was principally
in May.
Cash in store oats were shade easier
The decline, which amounted to 1s@ssc
was due to larger receipts. Futures wer,
all easier at the opening and subsequent,
improved, the market following olosel,
after corn. There was a good sampl
trade in No. > white aud rejected
and prices ruled steady, goo,
share OF the receipts being held agains
contracts CT else sold in store. On cal
there was an active demand, and the ms,
ket was stronger at 1s94o advance
Trading was principally IN May.
Rye was doing better than At Saturday
closing, with cash selling readily, and a
futures were irmer at the close. Receipt
were quite liberal, but considerable rye bs
ing held against December contracts th
cash offerings were rather small. Sampl
Offering consist mainly of rejected. o
call there was strong sn
steady demand, and prices were frmer an
3SG &c higher. Sales we're confined I
tne January and February options.
Barley was rather dull ali round. Th
IN store market was rather neglected an
cash and futures were little better tha
nominal. Owing 10 increased receipts tb
sample offerings were larger, while only
moderate demand existed. The be,
grades were held steady but common qua
tiles were decidedly weak. Prices fayore
those wishing to buy, and No. sold spa