The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1896-11-28
4 FUR0RE TO BUY
1T MARKED THE FIRST FORTY
MINUTES IN THE CHICAGO
PIT.
TRADERS oUlETED DOWN.
But CONSISTENT STRENGTH WAS
DISPLAYED THROUGH THE EN-
TIRE DAY.
THE CLOSE SHOWED ADVANCES.
Wheat Added a Cent and Half
and Coarse Grains and ProvIs-
ions Moved Up.

CHICAGO, Nov. 27.-Home and foreign in
fuences shared equally in advancing the
price Of wheat today to a point 11ac above
the closing price Of Wednesday. Wheat alb
Eorbed most of the attention, other markets
being comparatively neglected. Corn advanced
1se, oats cloSed unchanged and provisions ad-
vanced 71z015c. Two items Of news in the
foreign press dispatches received here yei-
terday caused tie selling out OF some long
wheat at the opening. One Of them had ref
erence to the benefit TO the crops in India
from the breaking of the drought, and the
other TO the decline of Id yesterday in the
price of wheat at Liverpool The last named
piece Of information was probably the re-
suit of the first. May wheat here in conse-
Quence of the two together, was offered at
tke start from SIC down to $3.50, as compared
with S3Ac at the close Wednesday. The
offerings at those prices were instantly alb
sorbed and the desire for much more than
was for sale became so urgent that the price
was soon advanced to S37sc The market was
extremely nervous for a while, after the
quick addition of nc from the lowest point
at the opening, and it settled back to S31ac.
From the latter point there was a renewal Of
tie buying furore which again stirred up
builKh frenzy in the pit and before it once
more canned down for a while, the May fut-
ure had sold at size. All that WITHIN ioruy
minutes OF the opening. But IN that forty
minutes IlOSt Oh lHe H.StOIy cI lOHdy ) ME6dL
market made. The ua0lng airer that
quoted down, although the married exhibited
consistent strength. one OF The strong feat
ureS of the market, and one winch wall prob
ably continue to be a strengthening factor,
was the smallness OF Northwest receipts,
which mutely ties titled to the truth of the
statements mat much of he crop had al
ready been moved. Chicago receipts were
IS cars, compared with 1863 cars a year ago.
Minneapolis and Duluth got 554 cars since
Wednesday, against 1,5e0 Thursday and Fri
day last week, and compared with I'll cars
On the corresponding two days of the year
before. Liverpool reported at the close an ad.
vance since yesterday of I'D in futures and
12d in Northern on the spot. That disposed
efectually of the Id reduction there ye-ter-
day, which worried some of the traders here
at the opening. May was worth S4$4c as
The session closed.
Trading in corn was neglected to a large ex-
tent. The advance in wheat and the excite
ment in rye gave corn Oh undeTtone of firm
ness without creating demand enough to
raise the price very much. The opening
was at 27l4c for May, a shade under Wednes-
days close. 1t did not get above 271ac and
EasQ2f19c was the closing quotation. In
pats there waE very little disposition to trade
either way. Prices were confined to a very
narrow range, and for the most part ruled
= shade drmer, principally through synlpa-
Thy with wheat. May opened unchanged at
e23sc, sold at 22Ac advanced to 223kD2215c
and closed with sellers at 222c. Provisions
were firm all day, though rather Inn
tied market. The ruling influences were the
falling off in Western hog receipts, and the
Arm local market. Tti3 was responsible for
the higher opening, and though liberal offer
lngs caused q temporary decline, prices soon
burned upward again, and closed firm. Nav
pork closed 15c higher at $50; May lard 71bc
higher at S4.27I2dI4 SO; May ribs about Zoe
30 cars; corn, ESQ: oats $50; hogs. 10000 head.
The leading futures ranged as follows: