St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1890-11-21
FOOTBALL FOR BEARS.
Wheat Starts With an Appear
anee Of Strength, but Quick
ly Breaks.
The Main Break Caused by a
Heavy Failure in the
East.
Closing Quotations We're Prac.
tically the Lowest Prices
Of the Day.
Movements Of Prices Of Stocks
Irregular, Closing Figures
Being Lower.

CHICAGO. Nov. 26-The speculative mar
kets started with an appearance of strength
which encouraged the bulls 10 hope that a
long period of weakness was about 10 be sue
c2cded by something more favorable 10 their
Interests. The weakness in the end was re.
placed carly by strength, and everything on
the list closed lower than Yesterday Wheat
left off at lac decline for May; corn was
lee lower; oats ssc lower. and provisions
suffered in proportion. The news forth com
ing previous TO the trading gave no enconr-
nSement TO the calamity mongers. with moth
ing i'll sight 10 cause renewal OF the pre-
VlcuSly existing alarm, but on the contrary
so much having tendency to restore con
hdence, firm opening TO all the
speculative markets was naturally to
be expected and therefore surprised
no one when the opening prices
confirmed general anticipation. The liquida-
uon OF December wheat appears 10 be about
over 80 far at least. as any great pressure of
IL Is concerned and speculation is fast con
centratlng itself III the May delivery. The
premium III favor of the latter month showed
a tendency TO contract to-day, and, for the
greater part of the time, held about Csc in
advance OF December. The opening quota
ions were: May, 99Lc, and December 90 lac.
with some sales at . lSc and 92isc respect
lveiy, at the same time. Trading was fairiy
active but entirely free from the extreme
nervousness which has been characteristic
OF the business for the past week, and con-
siderable flrmness was indicated by an adj
vance of kc inside of the first five minutes.
May sold on this bulge at 99i &c. and December
az 32Ss992i2c. At these prices, which
showed an advance of 3I.c from the Lowest
point of Wednesdays market there were
considerable offerings 10 realize profits on
yesterdays purchases. and it was also a
tempting advance, occurring in so brief a
TIME, Tor the bears to put out fresh lines Of
shorts. On the resulting reaction Nav de-
cllned to 9tSsc and December -9Iasc: ana
this was followed by several fluctuations
within The limits Of SSl2 and 9s14c Tor May,
win q drop 10 oSc about II o'clock A fail
IRE or stock brokerage firm il, PbiladplnhIa
caused the break which occurred about II
O'Clock. but there was n quick recovery of
about l2c. The market showed a dragging
tendency toward the close. and became
heaVy on rnmors of n disouieting. nature re-
ga hS IN RI lp ~ III savings bank in New
Iork. MAJ uecl4ned 10 8 Iac about balf an
nour from the close, and December to 9OIac
ne fecuperatlre power of the market had
evidently been exhausted in the early trad
ing, and the close was at practically the bot
Tom prices OF the day. The corn market
showed no traces at the opening of business
OF lhe weakness which prevailed during the
greater portion of The previous day. The
extremely light receipts alarmed the shorts
who rushed TO cover as soon as the bell
sounded. and their purchases were kept up
lof apoaI nfteen minutes Oh considerable
stale Inc opening price for May
was very irregular, there being
s SIN sales at 52S4c 53c and 53Isa.
lhe Duik OF the business done being probably
at o3c. II sold upto 5314ci inside of five min
utes, and from that time to The close It's
course was reversed. The heavier and more
conraseous of the shorts, instead of covering
with the general crowd sold more at the adj.
vance, ana as soon as the first scare was over.
tne scalpers helped the sellers and kent at il
| on the moot rate rallies up to the close which
| was t:c below The price at the corresponding
ulie Oh me DAY before and at the lowest
put unsettled at the opening, which was al
an advance of SsC97sc, aud prices appreciated
ssc more a weaker feeling developcd, prices
receded lac, but rallied slightly Trading
alter the decline, was lighter; market quiet.
Dut again weakened and declined Sc and
closed easy at I4@n3sc below YESTERDAY. Porl,
GRatner a good business was transacted.
| opening sales were made at fully 7l26l1 c
ADVANCE, ana further improvement of lOd
| Loo was gained. The demand sIackened and
prices receded 27l2@5Uc. Later the markel
ruleu stronger and prices l2I26l l5c but set
tled back again at - @22i2c and closed
Steady. Lard-A fairly active trade was re.
| ported AT the opening prices ruled 2la05 sc
| niSner Later prices settled back 7laG1IO
ana me market closed quiet at inside figures
| Short Rib Sides-Rather an active business
was transacted and prices ilnctuated eonsid'
! eraDly Within moderate range. Opening
safes were made at 5@e7l2c advance, but the
| Fatner tree offerings caused a weaker
lGeLng, ana prices receded lO0l 2lac and
| closed rather quiet
| The .e;;diiiS futures ranged as follows: