St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1890-11-26
No Little Fluctuation in the
Top Grain Of the
Market.
Wheat Still Vibrates on the
Sunny Side of One
Dollar.
Quite a Reaction Prevails in
the New York Stock
Market.
Bears and Traders Hammer
the List Impartially and
theoretically.

CHICAGO. Nov. 25.-Great irTegularity char
acterized the fluctuations of the wheat mar
ket. Wheat averaged firm 10 strong early
but toward the close it weakened and left off
at n decline of SAC from Yesterdays closing
figures. Corn was easy toward the close
after again touching high-water mark; it
closed lie under yesterdays prices. Oats
made slight advance and provisions were
dull and lower. There was a general feeling
among the local spectators previous to the
opening that wheat was sale. That opinion
was not based upon any news of depress-
ing character. but simply because since Fri
day last there had been an advance of 6lsc
per bushel. Frequently rise SO sudden and
material is all irresistible temptation
to those having bought near the bottom to
accept the good fortune so quickly placed
within their reach, and enough selling usu-
ally takes place in such cases to cause the re-
action which was expected 10 materialize to-
day. The news was certainly indicative of
strength rather than weakness in the situa-
ton. The mixed character of the news was
Immediately reflected in the course of the
market. The prices were irregular, May wheat
selling from Sl.O2Ss to 81 .O2ls with a few
sales at Si.O2l2 at thesame time There
was an immediate decline to S1.OI7s. and
this for the time being was the utmost extent
to which the reactionary theorists deemed it
prudent TO indorse their opinion.
After an advance to SLOPES, there
was another slump to $1.Ol7s. The
second decline was caused by the report of
the closing of the exchange at Buenos Ayres
owing TO the Generalization of the finances
there and an advance of % per cent i'll the
gold premium. There was another gradual
recovery, and the price had worked up TO
Sl.02l2 when telegram was received from
Minneapolis quoting cash wheat as selling
lhereat zoe compared with SIC on Thurs
day last, upon the showing around of which
message the price shot up at once to Sl.O3.
There was still another surprise in store, this
time i'll favor of the short sellers once again,
the price dropping very suddenly to Sl.Ols4.
These changes were crowded into the first
O'Clock the price had again rec"v-
cred to 81 .n21e. The December deliver! wli
difficult 10 trade in, during the entire ses on.
a seller having, as a rule, to keep offering 1t
down lac below the usual spread. and a
buyer on the other hand had to bid il up
about l4c before finding customers The
failure of an important cotton house doing
business at Memphis. New Orleans and New
YORK was reported shortly after noon. The
bull ammunition had been all expended pre-
yious TO this time and the bears picked up
the profits in their scalping trades and re-
tired satisfied with the veriiication of the
predictions they had made before the open
ing. One of the influences tending 10 the
weakness in The last hour was the report
that the shipments from Russian aud
o other ports last week were :,"sO,-
600 bu. the trading was very
heavy and some big bears worked
tooth and nail to get the price down. Ream.
Cudahy and Linn were reported to have sold
very heavily on every hard spot. and Hutch
insOn was buying openly in small lots and
selling in wholesale parcels through brokers.
Closing prices were sac over the lowest prices
of the day. The corn market was fairly ac
tive. and during the greater portion of the
day it was Strong and higher. There was
considerable nervousness in the trading and
the fluctuations appeared governed in great
measure by the changes in the price of
wheat. The opening price for May could mt
be exactly determined. except by striking an
average, which was taken as being 55l2c.
The range in the pit at the moment of
starting was from 5oA to 55S4c.
1t advanced 70 SIC and declined to
5434c ut one time, but very little was sold
under SOC until near the end of the session
There were sellers at sac as trading ceased
Oats were moderately active. but without
features of importance. After opening &c
higher, prices advanced 3sc. receded i2c, but
again rallied l2c. The weakness and decline
i'll other grains and fair selling produced
decline of SSc, and the market closed quiet at
about inside figures POrk-I3ather all active
trade was reported and prices fuctuated
considerable within a moderate range. Prices
ruled Il20lUc higher. Dater there was q
little more pressure to sell, and prices gradu-
ally declined 12la@0l5c, and the market
closed quiet. -Lard-A moderately active
trade was reported, and prices fiuctuated con-
siderably within small range. Early prices
ruled rather steady, but during The latter part
of the session an easier feeling was mani
tested and prices receded 2la05c. and closed
comparatively steady. Short Rib Sides
Trading was moderately active. Early in
the day the feeling was steadier and prices
ruled 2l2@35c higher. Later prices gradually
receded 5@1lac, and the market closed quiet.
Tbs ..-;iG,nS -lnppd as follows.