St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1885-11-16
A Lively Day, the Market Advancing
Three Cents Over Yesterdays
Closing Prices.
Corn and Provisions are Also Creep
ing Above the Zero Market OF
the Week.
The Phenomenal Advance In the Nov
York Stock Market shows NO
Let Up.
Chicago.

leaying-off place yesterday beng oo1s 20
SS5Ic Declarations of war, frmer cables,
a drOp in conSols and scare market IN New
York and on the curb, together With con-
tirmation. real or fancied, OF the gossip
about an Armour deal. put the breath OF
speculative life into the wheat crowd. De
cember went rapidly to 9012c, May going TO
9715c and January to Gle. The trst trading
in January was On that scale, trading not
beginning until December was well
along on the up grade. The opening seemed
unusually ragged and Irregular othef
futures trailing along after December WITH
out regard for appearances. n great MANY
of the professionals have become satisfied
that there is going to be deal in January
wheat, and they figure it out IN the Hollow
ing way. viz: That Armour has been pllE-
ing December and January steadily LOT
weeks and selling May, thus getting con-
troll of the cash property ana proSldlng Ior
its disposition later. line OF policy he al
ways purSues in his great deals 4hey re-
call his oft-repeated remark about know,
ing where he can put his hand on actual
stuff, and letting
THE WIND DEAL
take care q itself, and they affect to be-
lieye that ua has already foundation for one
Of his sweeps. taking Ream and lew other
stayers with large capital and great nerve
into his confidence. The bears ridicule TINS
talk and say il is bosh, and declare that
neither Armour nor anybody else would
dare undertake to run deal and take the
risk Of having unknown millions OF grain
amptied on them from the Northwest.
They say. Furthermore, that this furry is
merely a ruse to catch the lambs and sell them
wheat nobody else will buy. Both parties
the believers and the unbelievers, are strong
and opinionated. They are i'll lighting trim.
The market to-day was excited and Wild.
New York tlopped around recklessly. but
forged ahead strongly after every display
Of weakness. and our own market behaved
much the same way. 1t suffered several
severe relapSeS. but recovered and grew
stronger all the time. War news was the
cause assigned, and that undoubtedly had
great deal to do with the development OF
bull sentiment. Several careful operators
who sold on yesterdays bulge bought in
again at higher prices, and the shorts in
dulged iii Il scramble. During the last half
hour
STRENGTH WAS INFUSED
into the markets by news of an advance by
the Seryian army. Quotations were marked
up &c on receipt of this intelligence, ana
the market closed at the top for all months
except December. which sold at 90&c, or
l. 5c better than Saturday. Cash closed at
So51c, January at 81 re and May at CSC, a
general advance OF. 235@214c having been
established upon Yesterdays last prices.
Corn opened $s@14c higher and adj
vanced. The demand for cash and the
speculative futures were active and
holders were independent. High prices
were paid for cash property, but
later the market weakened and values de-
preclated, cash and November selling down
1c year &c and May &c. Toward the
close May and year rallied. year closing the
same as yesterday and May &c higher.
Provisions We're strong and higher. A
satisfactory speculative inquiry was no.
ticet. but demand for cash product was re-
ported as being light January pork at one
time sold zee higher than yesterday and
closed l31sc higher The Improvement il
February was lJc and in November and
December Ice. Lard closed 50DI1ac better,
and ribs irregularly higher. cash being 10c
higher, January 213c above, February SC
above and November without a change
DAILY BUSINESS
recites the following hard facts concerning
the provisions: ut is barely possible that
current of the provision market the last
week was anticipated by some. but to the
majority ii vas something OF a surprise.
Receipts of hogs here at Chicago will foot
up fun quarter of a million for the last
six working days, and for the first half of
the iirSt month Of winter packing season
will aggregate 439 900 head, with good
prospects that for the month the receipts
will reach nearly if not fully l, 600, 900
head. At other prominent packing points
receipts of hogs have also been liberal,
and the packing in the West SO far
is nearly double what it was the
corresponding time last year, 436. 900
against DPS, 600. In point of quality the
hog market has been very fair. Notwith
standing the above facts we have had not
only strong, but an advancing provision
market, and very fair activity. when attend
ant circumstances would seem to have juSti-
fled rather weak market Pork advanced
nearly soc per barrel: lard 15@t715c per
100 lbs, and meats a good 4 per fb. The
closing prices tonight Saturday being
nearly at the top reached during the week.
PETER BERkEY Pres. +. w. ANDERsoN Cashier
{. y. GRIGGs, '. fres. \. c. ANDERSON, Asst. C.
THE ST. PAUL NATIONAL BANK,
CAPITAL, $500, 900.
Corner Fifth aud Jackson streets.
The Quotations.
CHICAGO, Nov. 14.-Flour fairly active:
prices firm. Wheat in fair speculative de-
Inand for Nc. and lower grades in good re-
quest by mill6rS. Sales ranged IL $500
S95sc, closed at ee7sc November; S91aG911sc,
closed at Gle bid December: q0G9l$ac. closed
81 9I5sc bid January; 96}5GgS1sc, closed at
RSc bid for May; No. 2 spring, Ss}4QI90c: No.
8, 75c: No. > red, 9@Q923sc; No. j. soc.
Corn active early, but quiet later, with prices
ruling slightly higher: sales ranged 436s44c,
closed at 45c bid November; 401l@4O5sc
closed at 40gs@.t0l2c December and year;
81, @3734c, closed at 37@sc bid January; SO
G3s34c. closed 393sc bid May. Oats-Trade
light and prices steady; sales ranged: 2T1s@
21l4c, December; 30$49Slc, closing at
3Oai 0307sc for May. Rye unchanged
Barley in fair demand; prices steady: No. 2,
66c. Flax seed firm; S1.l391 .lS14. There
was Increased activity in hog products on &C
count of an outside demand, and higher
prices quoted Tor grain: mess pork active,
advancing i5G2ac; sales ranged for No
vember at SS.15, and quiet: year, SS.S5; jan
nary, IS. %GHS. So closing at 50. S2i1Qls. So;
February, So 92H410, closing steady ut
S9.92l2@ 9. 95: May, SO .25910.3712, closing at
SIC. S04l0.321.. Lard more active and
hrner; sales ranged at S6111a for
November; S6,175B221a. closing at $500
@6.221a for December; IS. Tx fer the year.
S6.25Qs6 30 closing al S6.2715G6 so January;
6S212Gl6.S115. closing at IS .35Sse.5156 Febru-
airy; 6.40G 4. 10 closing at Sc. 4215Qs8 As March;
Boxed meats in fair request, firm and prices
at higher figure; dry sailed shoulders, SIS. rs
GSeG; long clear sides, 81 .0O14.e5; short
clear sides. S5.20Gl5.25; short rib sides. 81. 90
as. Whisky, 81. Is. Sugars unchanged
Butter steady, III fair demand; creamery,
1eQ24c: dairy, 132l8c. Eggs, firm; fresh,
zoe. Receipts-Flour, $4,000 bbls; wheat, 4e-
600 bu; corn, 10000 bu; oats, 72,0e0 bu; rye,
5000 bu; barley, $4,000 bu. Shipments
Flour. 5000 bbls; wheat A. 600 bu; corn
$4,000 bu; oats, 100000 bu; rye, $50 blu; bar
ley, 1900 bu.