St. Paul daily globe., 1884-11-25

as stuboornly as they have fought ths downruru.
| When wnea. gets uD IOc il will look very cheao
and every body will see something TO huy il on
I II Is tolerably well known that n acresve OF
winter whest Will be 20 per cent ir o making a
decrease Of 7S,O00.oOO bushels. Tbs spring
wheat acreage viii decrease fully IS much
That the acreage abroad VIII be much smaller IL
pretty well established. Without Q udire Il NAV
be asserted that This Is snfieien. ground 10
buy whest on with view Of carrying L. Should
any damage grow 10 growing crops on a largely
redrced acreage there & no telling how high
wheat viii SELL probably higher thsa FOR many
gears Let wheat hoh its own for q time. and
these facts will come with saeh force a. TO for
tfy the irresistible logic OF extremely low prices
and may create speculative furor equal 20 any-
thing known II Is all nonsense 20 talk about
spectators having no money. There never was
90 much loose money. This country never hsd
better money. never more OF everything that
country needs, and ali hat there il wanted is
that the people lift mp their hands and shake OF
the nightmare that every rody tries To mpart 10
every body else. Add to this the fact that farm
ers ought 10 have some more money TOR their
wheat so ~ 70 increase their purchasing capacity,
anc there Is no reason why We should not enter
on an era OF great prosperity"
Cash corn was weak to-day owing 10 mag
nincent frosty weather, which was Just the
thing needed to make corn grade better.
November opened &c lower than Il closed
Saturday, while rejected aud new mixed
were also lower. Liverpool reported corn a.
quiet and steady, but our receipts were over
200 cars larger than those posted Saturday
with another large Vrist expected tomorrow.
aud under these Influences the BOYS were
disposed TO unload long stuff and go short.
Shll the longer options were not particularly
heavy. Year opened only &c lower and
January Ne, and after that both options ad-
vanced temporarily BY the covering Of
shorts, November going up lc and
year &e. Tue latter finally clos
Ing at the highest point Of the day, S5Xe,
while the former fell back 1<c aud closed at
SS11c,or Re lower. II may be that the pres
eDt bear feeling is too prounced and tnat the
crop is being discounted to- heavily, but II
Is hard 10 make the average trader believe il.
New York early Was steady on coru, but ST.
Louis was 1<e lower for November and lIc
Tor year. Ii is not at all unlikely that cash
eoru Will go lower still, and that regular corn
futures Sill be arranged according to carry
ing charges, as wheat options are, aud when
this is dOue the corn market will become
S-NtNAl 1hI OuNG mOTcs
There was good demand for November
oats To oil shorts, resulting in Gu advance Of
&c, which was maintained to the close. the
last figures on that option being 25JEe.
There was not as good a demand for Nav,
but It advanced Sc alphabetically and
closed at 2Sc.
There were no notable features in the pro-
vision market, which ruled easier.
1.-The packers sse bound to sustain pork, +" said
prOlninet broker. ''They have got TO do Il in
order 10 protect themselves. Pork Is the dearest
thing traded IA on the board. With corn at S5c
a bushel. pork should sell at SIS or 50 per barrel
There Is now outside demand and the packers
have got 10 buy against the sale OF spectators.
The price will probably drift slowly down To
about 50, but not right Off"
Year pork opened at $40. so, IKE below
Saturdays close, sold up 75Sc and then down
TO the opening figures at the close. January
opened at slO.s5, the highest figure, sold
down l5c, then rallied SC and closed 21<e
below yesterday at slO.75. Lard was in fair
demand, prices ruling somewhat lower than
on Saturday, and closed at the same figures
for all options except November, which was
Sc lower at $6.77I. January closed at SO. 20
aud February at S6.T7%. There was only q
moderate trade in ribs and the feeling was
easier, November selling dow zoe to close
OF $3.50, January and February down exc
10 close respectively Of So so ana S5T5L
At the stock yards trade In cattle was slow
and dull from first to last, and prices ruled
lower all around than at the close OF
last week, yet the sales were so few and the
demand so limited that there was barely sufii-
cieut business transacted 10 make q market.
There were but few shipping orders, and the
dressed beef operators were taking only a
few, just enough to get along with, said their
buyers.
The bog market opened active aud strong
5@l0c higher all around, but the scaIpers
aud spectators some way or other got the
straight tip' and went in with rush, they
holding the market strong until nearly noon
when they had about sold out. Then values
began to weaken, so what was left later buy
ers got considerably cheaper than those that
bought early, and the market closed weak,
yet with less number unsold than on Sat-
urdRy.