St. Paul daily globe., 1890-11-22
TOUCHED one DOLLAR
Wheat Takes an Upward Move,
May Being Extraordina-
rily Strong.
1t Reaches the Century Mark
at the Close Of the
Market.
Bulls, for the First Time In
Months, Control the Stock
Market.
News Of the Day Favorable,
and an Upward Movement
Sets In.

CHICAGO, Nov. 21.-The entire list of spec
ulative commodities started in open revolt at
yesterdays weakness, and, as fitting an
swcr TO unfounded rumors. which had been
set af1oat after the close of Change, the firm
ness at the opening was added to as the day
progressed, and closing prices were about
the best of the day. The great majority of
the traders were ready to support prices at the
opemng,eVen without such encouragementa as
the news of the day afterward afforded to
the market May wheat, which closed yes
terday with sellers at 97lSc, opened excited
and Irregular, with trading all the way from
96& to 97l2c, and there was an upward shoot
Immediately to 977sc. Notwithstanding the
heavy failure at Philadelphia, wich
proved TO be more serious than was
at first thought there was more serenity in
the financial skies at London and New York
than had been seen in week, and the stock
market. while not strong, was devoid of pam
icky features. Unexpected heayineSS of buy
ing orders Ill the market soon created alarm
among the shorts, and after May had reacted
to 97l2c, and had played for short time
around 97Ssc and 91s4c, it swirled upward
inside or few minutes 10 9SSSc. There was
another reaction which forced it back to
9Sc, ana these were the changes during the
first half hour. There were no further fuctu-
atoms of moment until toward IL O'clock
when another boom commenced, which only
htOppcu aIteI oJtSc Idu oeSl pau LOT EOfne
few lots. Those who had short wheat were
the best and the heaviest buyers,
but there was also some good buying on long
account. One house which has extensive
English connections bought freely at from
9Tl2c TO 9sc. kumorS of purchases of wheat
here for export were spread about but could
moi be traced to any reliable source. The
market hardened remarkably under, and
about half an hour from the close the price
had advanced TO 9913c During the greater
npaamhaP
at discount of &c, but the trading has
now centered IN the most remote delivery.
There was no abatement of the strength of
the market. Some sales of December were
made III the last few minutes at 93c and of
May at 81. The opening price OF corn was
very much mixed. There were sellers at
Sic, with TO buyers in the neighborhood of
such offers, and while buyers and sellers
were trading at the same moment al 34c
across the pit. There was sale or two at
311Sc, but the great bulk of the business at
the opening was at oia4c. 1t Immediately
advanced 10 52c, and during the first half
hour moved up and down several times be-
tween 5l34c and 52c The market strength
ened in sympathy with wheat and under the
action of the shorts who came in very freely
more especially toward the close The high
est figures OF the DAY were made close to the
end of the sesson. They sold at 5234I527sc
The closing price shows an advance of C
since yesterday. The buying of Partridge
and Hutchinson was the most noticeable
feature at the start. Partridge was sup
posed to be covering shorts. Hutchin-
son became a seller on the first advance, but
changed from one side TO the other many
times in the course of the day. Oats were
stronger and higher. Opening sales were at
A@sSc decline. Prices soon began to move
up and advanced l1s(01s4c. yielded a little
but closed strong at fun outside figures, and
at an advance of Sole over vest rday
Pork-Qnite good trade was reported and
prices ruled irregular. Opening sales were
meager a .l2@5c decline, but prices gradu-
ally advanced 3 @35c. Later dropping
feeling set in. accompanied with reduction
of l5@2oc. but rallied again and closed firm.
Lard-Considerablei interest was manifested,
and larger business was transacted. Early
in the day the feeling was stronger and
prices rallied 7l2@ ioc. but later declined
2l205c Near the close the feeling was
stronger, and prices advanced to outside fig
gres and closed steady. Short kib Sides
Trading was quite active. and prices ffuctu-
ated considerably. Early in the session the
feeling was stronger. and prices gradually ad-
vanced lt@l2I2c. Later prices settled hack
again 5@7l2c with fair trading. Toward the
close the feeling was firmer, and the market
closed at about outside figures
The leading FUTURES ranged as follows: