St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1890-11-24
ABOVE one DOLLAR.
Gay Wheat Leads the Up
Turn in the Speculative
Markets.
CIosing Figures Show Gains
in All Cereals and Hog
Products.
Stocks Open at Low Figures,
but an Advance Sets
in Early.
Heavy Buying, and Closing
Figures the Highest Of
the Day.

CmcAGo Nov oo-There was n lively up
urn i'll the speculative markets and substaH-
tiaI advances were maintained at the close.
Ghe resting figures show gain OF isc III
wheat, lie i'll corn, Ice IN oats ana 2oc III
pork The wheat market opened quiet but
6Im at about the closing figures OF the pre-
Fious day May wheat changed hands at the
start at from 99ssc TO 99S4c. but quickly ad-
RANGED 10 ST. December was in good de-
mand. bat sellers OF tha; future could not at
ali times be found when wanted, and from
his cause, buyers being IL The majority, the
difference between il and May narrowed TO
bout 6s4c, which spread was maintained
turing the greater part of the session.
the returning confidence in the financial
outlook was one of the causes which
invited purchasers at the opening. The New
York dispatches were for the most part OF an
encouraging nature, although some uneasl-
ness was created here at critical period OF
the day by a rumor that the usual New York
bank statement would not be issued. It's sub,
seQuent publication and reassrring igures
gave this market quick reaction from
weak point which had resulted from the as
Signment Of the United states Rolling Stock
company, of this city. The price gradually
advanced until MAY sold at :! .00ss. and 1t
had reacted tn about 81 OILS NJ the Time
The failure of the rolling stock company
referred 20 was sprung upon the trace me
idpllltlGS ReJI2 lllHOISu ~ duHplt
10 1000, 600, ca!lcd up visions
In the minds of the specula-
Tors of another bad time breed
ing for financial institutions. ana there was
sn immediate rush 10 sell wheat The price
tumDed ut once TO 99Lc. There were too
many shorts waiting for such a chance to
cover theirlines 10 allow of the decline going
very far, and the reaction on their buying
was as quick rs the decline which preceded
IL. 1t very soon sold as high as on the first
and Hnrlrf6 tho ip1nF of the
day there was only one course 10 the ten
ieucy of prices, and that was an upward
Dne. For some time May was retained close
around 81 and between 997s and SO ia.
William Dunn entered the pit viii some buy
ing orders in his hand, ana kept taking II so
steadily that il vas soon sGrInised that he
knew something. After filing bis card he
showed The dispatch printed i'll another col
advising an excited market at Minneapolis
for cash wheat, and Sc advance in the price
there. the French Commission company, of
Kansas Clty, likewise reported an advance in
Fash wheat Oi 4c over yesterdays prices. and
New York wired that expert orders could
not be filled on account of the cash article
having advanced relatively more than the
futures The English farmers deliveries for
The week showed Il slight decrease in the
quantity, and an advance Cf Id per quarter
III The prices. The market became rather eX-
cited under so many Items OF bullish news,
and May advanced Ia 81 O0is and December
94Ic. New York toward the close reported
he taking of four londs of No. red
tor January shipment at the pnce
81 the May delivery. The story of
inc day S operations i'll the corn pit
might be summed up IN Two words-scared
shorts. The same nervousness which pre-
vailed among those having short wheat was
noticeable among the corn specuiaterS The
price at The opening was abont lac higher
han it closed OH Friday afternoon. May
starting ut 53c. There weTe..s some sales at
). 7Sc, and ii worked off from 53 to o234c.
The fluctuations we've for some time con
wheat became 50 very strong corn sylnpa-
thlzed. There was decline 10 523se on the
'olling stock company's failure, but the re-
rOyery was rapid. The latter half of the
EeSsiOn saw an advance of lac from the low
point. Oats were fairly active. stronger and
higher, and after an advance OF 34c the mar
ket closed steady at almost outside fig
nreS, with net gain. of Lease.
PoIk-A fairly active trade was reported,
Ing sales were made al Il:@i0c advance,
and then 4 reaction of DC followed Later
prices rallied Toe, and a reduction of 15c
was submitted 10. At decline shorts bought
moderately. and prices were advanced 20
zoe, which was fairly well supported 10 the
close. Lard Trading was moderately active
Opening sales were made at sc advance, and
further appreciation of 2l2Gl5c followed.
with moderate trading. Later prices receded
5WIl2c Toward the close prices rallied 7l2
tGItc, and closed quiet. Short Ribs-Rather
good business was Transacted, and prices
ruled Irregular within q moderate range.
Opening sales were made at u aGDJc advance,
and further Improvement of DC was gained
Later prices receded 5@1l2c, rallied 5@1l&c.
ard closed steady.
Tbs .eHdirg futures ranged as follows: