St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1884-11-14
Wall Street Enjoyed a Day of Unusual
Animation, and all Leading Stocks
Get a Little Boom.
CHICAGO.


sions were more active and stronger, notwith-
standing material increase in arrival OF hogs
and pork closed loc above yesterdays ngcres.
lard exc higher and January ribs SC higher.
Closing quotations on the afternoon board were:
December wheat 7sIsc, November corn 45c, May
oats 29c, January lard So. s7sI, January ribs
s5.s5.
In the wheat pit the smaller fry were were on
the bear side, probably on the ground that As
values went up yesterday they would 20 down
to-day, but the heavier operators seemed in
clined 10 ball the market in the face Of dull aud
depressed foreign markets and an increase Of
100000 bushels OF wheat on passage to the
United Kingdom and the continent They had,
however, on their side the stable factor for low
prices, smaller receipts and a reduced acreage
for next years crop. The opening was steady
at about yesterdays close, and went mp &c, the
advance being helped along by private cables re-
porting better feeling abroad tKent & Adams
began covering at the top and quite a number Of
other brokers bought lines ranging from 5000 20
$4,000 bushels. McHenry was also persistent
buyer, and Spence bought at about 20 &c for
December. on the other hand Schwartz q
Dupee were reported to have sold 5O0, 900 bushels
for Billy Murray. This and free selling by a
crowd of scalpers on the bear side, with realizing
by some OF the bulls. coupled with the absence
OF outside support, caused q weak feeling the
latter part Of the morning session and a decline
OF nc. In the afternoon the market frmed MP
up again on a telegram from New York that
freight room for 1000, 600 bushels Of grain had
been taken for export at the four chief ports
while New York exporters had taken 100000
bushels and negotiations were pend
ing for twenty boat loads more.
The result was that at the close
prices were &c better than at the same time
yesterday and the feeling strong. November
opened al &c, ranged at II 4 972nc, and closed
at 72hc. December opened at 7sk, sold at
73aEc, declined TO 73c, rallied and closed on the
regular session at 7alEc, and on the afternoon
board at 73hc. January closed at 74Sc. No
spring in car lots was in good supply and sold at
72h @72ssc cash. No. sold at 56Ik 057Kc.
No. red winter sold at 73GT3Gc, and No.
at 6ic.
Viewed from the present standpoint" said
A. N. Wright, II am unable 20 discover any evil
dence OF legitimate character likely TO cause
en- advance, and think that any improvement that
may be secured by speculative manipulations
viii be temporary, as the consuming market OF
the world being well advised as 10 the extent OF
the reserves in producing counties are in no
hurry To secure supplies in advance OF wants. On
the contrary, they are disposed to allow the bulk
OF stocks to remain near the source OF produc-
tion until needed for immediate distribution 10
business
There was a good deal Of livelness about the
corn PIT and the prices generally were higher.
The fluctuations in the November option were
wide, and owing TO the uncertainty about
corner il, its future is hard TO predict. Cutie
number OF persons who Ought 10 be well up on
"alley" topics think they sec strong evidences Of
a corner. There Is little doubt that the crowd is
1l,-o 81. -, "a
this fact, in connection with light stocks and re-
ceipts, good demand and bad weather for curing
the new crop. make the time seem ripe for ma
nlpulation OF some kind and bull operators pre-
dict 55c or COO for this month. A great many
are disappointed in the hopes they have built on
the new crop Il does not dry out as rapidly a.
was expected and there is also some complaint
where they looked for an extra crop in quant-
ity as well quality. Receivers
generally expect increased receipts next week.
but it is not thought that much OF it viii 90 a.
high as No. ?. The situation seems TO narrow
down 20 about this. IL there Is any concentrated
holding there is pretty certain to be shortage
enough TO make bad squeeze, buf IL not every
body will turn seller and the break win be bad
one There are any number OF small holders who
bought for a corner last month, and who have
held on ever since
81 don't know just Whist the BOYS are doing In
November corn. said Bliss this forenoon ..but
/ think it's dangerous option to be short Of
Shortly after the opening the market was
stimulated by the demand OF November shorts
Harry Champline, Jim Love, J. NJ. Baxter. and
several others OF the secret coterie of brokers
who eirced around p b. Wease in the late Sep
TENDER corn deal, were bidding MP November
this morning. but a noticeable feature OF the de-
n. Al
them bid for less than $4,000 bushel lots
A few outside shorts occasionally put IN for a
5000 bushel lot, but it couldn't be got The
clique was doing thar sort OF business. Noveln
Der was bid up &c. but the advance Induced
free selling, and there was decline OF ihc, and
another rally at the close to within &c OF the
highest figures, the last quotation being 45e
gainsi 4scsse yesterday afternoon. There was
also good demand for year, bni the range was
much more moderate and after going up &c 10
i0c. IT declined to 391sc. and finally closed at
s9sse.
HamiT Brine say: 1--WE can see nothing 10
indicate concentration % the November ortions.
nor any sign. 80 far. OF manipulation. The ner-
vous condition OF the November market aud
consequent rapid fluctuations. are attributable
we think. 20 the covering OF short contracts
while traders generally confne their operations To
more deferred deliveries"
! 9 wiuiise, Bodmaa & Co. say: I'VE see no
good in the market either wav Just now The
trading Is too light and publi, sentiment too
| tickle and uncertain 20 sustain values beyond
most insignificant changes. There are no point
ers worldly OF mention. except. perhaps, all are
expecting a falling OF IN receipts aud better
prices and are waiting 70 see. Corn is absorbing
the attention OF the more active spectators Of
late. All seem 10 have made mp their minds that
there is nothing IN wheat for the present Stocks
abroad are reported as one-third less than AZ the
same time last year and exporters are an'icipat.
ing better export demand next month The
] prevailing sentiment siill inclines 10 the bull
side. That is all. We think we must be near
the bottom for the present
Oats ruled firm and the volume Of trading was
firm. consumptiye demand was good and there
seems 10 be a general confidence in current val
ues. As compared WIKI last night November
closed "a higher AZ EOS c and May unchanged AT
a9c.
Provisions were fairly active. and a steadier
feeling prevailed in spite OF the heavy receipts Of
hogs. which was partly owing to the steadier
foreign adyfces and an advance OF I'd 10 Liverpool
for lard. Eastern markets were fairly active
and the shipping demand here was good. jam
airy pork nrc.nated between SI1s5 and Sill 40.
closing at the outside figure, and lOc above YES
terday, and the February options showed a
similar increase. II iiucfuated between Sli. 27E
and Si1.50. closing at the outside Lard FOR
prompt delivery yet demands good premium
&c having been paid to-day over the Novembs,
option. November opened &c highar AZ So .a5.
ranged at $3.50 and S6.o7K and closed AZ the
opening figure. January opened at $3.50 and