St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1891-03-24
EXCITING ON CHANGE
A Bull Campaign Carried on
in All Parts Of the
Floor.
Prices Nervous, and at Times
Almost Impossible to Buy
Anything.
Cables Firm, With a Strong
Upward Tendency From
the Start,
Wall Street Stock Market De-
velops No Startling Sem
SatiOns.

CHICAGO. March 23.-The day was an eX-
citing one on the board of trade during most
of the session. Itwas a bull campaign in all
parts of the floor. and the bears were being
tossed high in the air in all of the trading
pits. The excitement carried prices up in
nervous jumps and there were times when
it was i'm possible to buy anything on the
speculative list without bidding up and up
an inducement TO the holders to part with
a little of their much-coveted possessions
Wheat gained 2SSc, corn 1S4c, oats Ice per
bushel and pork sec per barrel over Satur
days closing quotations. Wheat was strong.
1t started on the jump. and toward II o'clock,
after having advanced 1c per bushel, it broke
through all restraints and made a Jump of an
additional lI2c in about five minutes. The
cables were very firm, with strong upward
tendency, and the weather i'll England was
called frosty. 4 mistake in Bradstreets re-
port of the worlds visible supply, as report
ed Saturday, was made, reducing the total by
50,000,0O0. and corn was advancing l2c at
jump. The starting price for May was any
where from $1.O2 to Sl.02S4, with very little
sold below the highest of those figures.
Around Sl02S4, and up TO S1.03. buying and
selling went on at a rafting rate for about
five minutes. The fluctuations went darling
up ana down between the quotations. given,
with an occasional shoot upward to SlO34
sion, and then followed the excited advance
already ALLUDED TO, under Which May was
rushed upward to S1.O4l2. The rapidity of
the advance can be judged from an incident
of the trading. A broker who had orders to
buy in about SOC. coo bu for Il prominent shOr
seller bought the first 5000 bu at Sl.0l, and
although he got il all i'll 10000 and $4,000 blu
lots as qniekly as he could get them on his
trading card. the price was Sl.04 2 before he
could complete his order Heavy shipments
of gold were engaged for expectation by
Wednesdays steamers, according to New
York dispatches, and some of the most sue
cessful local spectators were among the
heaviest sellers on the advance. 1t was not
until the visible supply statement was pub
lished showing 159 Us bu increase curing last
week that any general disposition TO fight the
advance was INDUCED in. The price of May
worked backward to S1.U3s4. but only rested
there very briefly, when 1c was quickly
clapped upon the top of the quotation last
set down. The highest point reached
was S1.043I. and it was wanted at
within 1sc of the top trading ceased for
the day. The shorts in corn were in even a
worse predicament to-day than on any of
the former days of their recent grievous
trouble. The weather was damp and the re-
ceipts were sixty cars less than were est.
mated on Saturday. The longs were masters
of the situation. The wildness of the open
ing may be gathered from the different prices
paid at the first rush. There were sales of
May made simultaneously at &c and at many
other intermediate prices all the way up to
6sAc; that was the high point until consider
ably later in the session, when it made an
other upward rush to 6!c, the top price of the
day. Strength and excited bidding upon ev-
cry up-turn were the prominent features of
the days business. Oats partook of the
strength that characterized everything else
on the floor, closing I20Dlc higher. New
y ork bought, the shorts bought and the local
scalping crowd helped the advance. Bart
lettFrazer led the selling. The provision
pit was a counterpart of ali the others. 1t
IL al "A
offerings dry up when the buyers were the
most clamorous. The receipts Of hogs were
1900 head below the estimates and prices
were higher The shorts were run TO cover
and had TO pay heavily for the privilege OF
getting out OF bad deal.
The leading futures ranged as follows: