St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1896-02-02
ANOTHER BIG JUMP
TWO AND ONE-ToURTHs CENTS AD-
DED TO THE GROWING PRICE
OF WHEAT.
BULLISH NEWS FROM EUROPE.
OCacI1
SENDS THE PRICE Up TO THE
HIGHEST NoTCH 81 CENTS
ANDTovER.
= -
ARMOUR TRIED oMANIpULAT1oN.
II 81
But the Pit Was in "a Ferment, and
but Little Attention Was Paid
to Him.
BULLISH NEWS FROM EUROPE
ARMOUR TRIED oMAN1pULAT1oN.

CHlCAGO, Feb. 1,-Another agitated and
very strong wheat market was added today
10 the long list Of the last two weeks. The
price started with jump of about lac, and
at the end PIC rise had been established for
the day. Corn and oats were likewise strong
or, but only moderately active. Provisions
also made another small advance. The OPEN
Ing OF the wheat market was a surprise to the
trade and set the pit in ferment. Yesterday
the closing price of May was 65Q65hc, and
THIS morning wild shout went up for it at
from 66tsg66sc and as soon as those who had
sold calls for the day at from 659sc up to
6t1sc, could get their voices keyed up to the
proper pitch, they were shouting bids of 66A4c
or 1&c above where the market left off yester-
day. The latter price was paid before thirty
SECONDS or the session had passed. In about
forty minutes from the opening and after the
prices mad settled again to 66bc, the market
TOOK another whirl to &C.. Armour was q
heaVy open seller, both on the first and on the
second advance although there was scarcely
a man IN the pit who did not think Armour
manipulation was at the bottom of both
bulges.
The Corn Trade News figures showing an
Unexpectedly large deficiency in wheat sup
phes for Europe. was, perhaps, the prime
puiiish factor, although this was followed up
by decrease Of 1885, 900 bu In Liverpool
wheat stocks. during January The LiverpooI
caoie also quoted Id advance, and there were
estimates OF a large decrease in the amount
anoat Monday and the English visible supply
Inc total exports from both coasts for the
week were astonishingly light compared with
Tue week DeIore, showing shrinkage of 300
ooo ou IN wheat and -four and the Northwest
ern denVer1es continue LIBERAL But these
poarlsh factors were lost sight Of in view NJ
tne publish conditions reported from abroad.
anu lheFe was active covering by shorts and
ehersetlc investment buying and the advance
was sharp and excited and well sustained.
armour made pretense Of selling early but
soon Withdrew; the country was In the market
Ing ORDERS Ivy
The short sellers were thoroughly demoraJ-
lZeo and dared do nothing but buy back what
tney had previously sold; they were afraid to
20 over sunday short bushel and I'm that
state Oh 1eelfng they bid. the price I'D near the
enc TO 67Ac for May and 67067Mc for .Julv
ana the market rested with sellers at those
Corn was strong and moderately. active in
sympathy with wheat. May opened Nc higher
at S01sc, rose to Sic and closed Xc higher st
80Ac sellers. "'
Oats-Ihe market was quiet early but then
commenced to go up. There was more ac-
eiVity SHOWN and the price steadily advanced
May ~ opened at from 2f@215sc sold up to 215sG
Nc, .z4qs- .-s5- - e. GA "uV"nce ol
PROVISIONS were fairly active and stronger
noush, the influence of the wheat furry was
partially Offset by liberal selling by hackers
compared with yesterdays prices. Nav norL
closed l6c higher and lard and ribs 71hc biehar
each. eN Nv" '72o iisher
estimates for Monday-Wheat So cars. corn
$780, oats, 1872; hogs, 1000 head.
me leading futures ranged as follows.