St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1890-11-29
Bulls Enjoy Themselves for
but a Few Brief Mo-
mentS.
Local Receipts Somewhat
Heavier Than Had Been
Anticipated.
The Wall Street Stock Market
Very Irregular in Move
ment.
A Sharp Movement Of the
Bear Contingent Is Ar
rested. 4

CHICAGO, Nov. 2S-The opening prices in
all the speculative commodities were with
out change from those prevailing prlor to
the Thanksgiving interruption of business
An advance in the first few minutes gave the
bulls some reason to think that their side
was likely to maintain its recent ascendency,
but early appearances were deceitful, and in
the end there was universal weakness and
lower prices. Wheat closed l1sc lower, ana
corn and oats Csc lower. and the several arti-
cles OH the provision list also made a slight
loss compared with Wednesdays closing
quotations. With nothing in the wheat stu
alton 10 cause any change in speculative
sentiment since Wednesday afternoon, the
price Immediately on the opening indi.
Gates that none had taken place. May
wheat which closed on the afternoon pre-
ceding the holiday at SLOPE, opened at
about the same price this morning There
were some sales at ST. O2, put the offerings
being light, hardening tendency was devel-
oped, which had its acknowledgment il: an
immediate advance 10 S1.0.Ss. Trading wa
not very animated, and while no cause was
apparent why there should be O Decline
there Wese no new developments tending
forcibly in the other direction The local re-
ceipts were rather heavier than had been
looked for. but the increase was not suf1i-
cient to call for more than passing remark
After the price of May wheat had wavered
for time around l.O2A@l02as, there was
an advance to S1.O25s on reported
sales of $4,000 bushels of wheat to
Buffalo Millers and the chartering of YES
sells for the shipment OF 125, 900 bu. The
improvement was of very short duration,
however Uneasiness was created by the
freedom with which December was being
offered and the wide berth given to that de-
increasing discount. Such sales as were
effected early i'll the session were at 7I2c
under the prices. for which there at the
same time appeared to be plenty of buyers
for May delivery. This lack OF demand for
what will be cash wheat next Monday morn
ing had its effect later. and a sudden decline
to S1.O1ss, which TOOK place about
II O'Clock, was due to this cause.
The advance in railroad freights has
ue of flour at Western milling
centers considerably proportionately reduced
the price for which miller can pay for wheat.
The price of wheat broke 7sc below the + St
ing figures on Wednesday. The difference
between the December and May futures
widened as the session advanced, and toward
the end T34c was the carrying charge. The
market weakened still further in the last few
minutes. and prices were at their lowest at
the close. May wheat rested at SI.0l and
December was nominally worth 93Ac. Corn
was firm when wheat was firm, and contin-
uec its sympathy when the reverse condition
was applicable to the latter cereal. The
opening price for May was 54iac, and it adj
vanced during the first half hour to 5445c
Owing to the cause already referred
to. there was gradual weakening.
which was most pronounced close to the end
and during which a decline to 53s4c took
place, the closing quotation being 53s4@
5SSc. Hutchinson was credited with selling
freely, and this appeared to be no support to
prices. except what came from shorts There
was much more putting of further short
lines. however, than covering of those pre-
viousiy extended. The local receipts amount
ed to l55 car loads. Oats were fairly active
for May, but the near deliveries were neglect
ed. The weakness i'll other grains and in
creased offerings by longs produced de-
cline of 7se, and the market closed quiet at
almost inside prices. and about the same as
on Wednesday. Pork trading was moder-
ately active, and the feeling was somewhat
unsettled. Prices fuctuated considerably
Opening prices were made at 2I2@15c decline,
and prices rallied 12l26ll5c. Later prices
gradually receded 150I7I2c, closing at about
inside figures. Lard-A fairly active trade
was reported, and the feeling was somewhat
nervous and unsettled. Prices ruled 2la@5c
higher early in the day, but gradually settled
back to 5@17l2c, and closed quiet Short
Rib Sides-Trading was moderately active.
Prices ruled 2l2G15c higher early in the day.
but later the advance was lost. The market
closed steady at about inside figures.
The leading futures ranged as follows: