St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1885-08-22
CEE3CHSO.
lpecial to the Globe.


Ch3cmgO.
IDocial to the Globe.
CHICAGO. Aug. 21.-Everybody has ap-
oarently settled down to the conviction that
here is nothing in wheat for the present.
There is some anxiety to learn nowadays
Df the shipments and The eXDOrt demand.
Ii is agreed that. if these two viii only start
up right sharp. the price here can be saved
and perhaps improved on. The present
.ocal recelpS continue small. Of wheat to-
day there were only ifty-IiHe ears. and the
daily receipts of late nave not been above
one-)h.Td what they usually are at tins
time OF the year. About 1900 bushels
9l wheat were worked to-day. ] think,
said M. c. j. kersli&w. -. didn't get any
DiI my self. pul J think these nEures are
correct thought yesterday that figures
n@re and abroad were about 1c apart, but
b shipments HOW ii is largely Il matter of
freightS." The elevators are still giving 4
rebate Of p a bushel on elevator charges
The purchase by Hamiil x Brine of per-
hap, $685. 900 or 100. 600 bushels Of wheat
was the only transaction that created any
comment. The concern has been healish
for q long while. and has made. it is sup
posed, "a great deal Of money for its Gus
toners, and now, Il is presumed, is getting
III It's lucky customers profits. Wheat
values remained
SUBSTANTIALLY UNCHANGED
over night, the opening being about where
tie market rested last evening. The big
bears were understood TO have "eyened"
with tile market very generally, and, not
being ready to dip in for 4 while, business
became rather slow. When big fish are in
motion, whether OF top or under the surface,
the waters of the pool are necessarily dis
turbed. When they are dormant. the other
denizens of The pool miss the diSquieting i'll
iuencCs and get sluggish. Wheat was not
exactly sluggish to-day, Dutit was certainly
not excited except in widely separated
spots. 1t was thought by many that
when the large bear leaders had
bought in property to cover their contracts
the market would be without support and
fall further Of its own weight, but this
theory did not work to-day, but wheat
Crept slowly up. with more or less hesita-
ton, nearly the whole morning. Up to
noon the range was within sc limits. The
fluctuations in the speculative months were
as follows during the morning session of
the board: September, size, Sc 67$Ic,
e435c, SIC, SIZE, sc, S214c: October
S35Sc, SAGE, sac, S4}zc, size, S455c, sac,
s4≻ November, soc, S61zc, Sc S655c,
81 35c. S615c, see. S515c. The only excite
ment OF the morning was OccaSioned by
GeWs that Spain was cutting up rough over
THE GERMAN SEIZURE
bf the Caroline islands. but Spanish wrath
was looked upon as a too mercurial founda-
ton TO build boom on, and the market
settled back after the small-sized spurtS,
only 10 climb later, and closed fairy firm at
nearly the top. On the late borad there was
R firm feeling. The market closed at about
the highest figures OF the day, &c over yes
tcrday al 81 re for August, sage for Sep
TENDER. Size for October, SG51c for No
gember. The number of outside parties
who want to buy wheat is very large, but
tie experiences Of the past two weeks
laS been dishcaTening TO them. 1t
puzzles not few that prices do not
advance on an admitted short crop the
present season, but such forget apparently
the enormously large visible supply of Old
wheat ON hand, which is pressing for sale,
and which is the drag weight on all at
tempts TO put the market up.
Corn was very steady to-day, not being
affected by any particular news Of a dis
mbing character. Local trading was on
moderate scale. only large enough to move
the market &c. No. 2 cash sold at 45Xc
Parly, fell to 4535c and closed at IS &c.
steady at substantially opening prices. On
the afternoon board there was an added
irmness, the close being at 45%c for Au-
gust and September, 44c for October and
l0sc for November. When
LAST WEEKS STOCKS IN CHICAGO
we're posted there We're 1870, 900 bushels of
oats here in store and all of it No. ,. just
after the figuring of these stocks, however.
McGeoch shipped out one load, and since
asst Saturday the movement Of oats by rail
mas been remarkable. It is now figured
HAT there are certainly less than 100, 900 in
store and probably less than 5000. Nc
ieoch has. it is believed, on the books of
". ii. Harvey and Eyerngham ~ Co, up
wards OF 400. 600 bushels OF oats bought for
August and will buy if he can to boost the
price of cash oats, so that he can sell
pat his cash and make pro-
1T enough on his options to
cover commissions and the expenses of
some shipments which have been made.
ltll not he a corner III any event. It'll be
} little squeeze, if the ''Old man" can work
put his scheme successful. OF course the
''Old mans success will depend somewhat
upon receipts. These now are not eXtraor-
binary. but they aTe liberal, and of the ag
lTegate upward OF 30 per cent. grade either
No. , or better II is said that McGeoch
mas MS eye on 3Oc as q 1alr point at when
he would like TO talk TO the oat shorts, but
he shorts laugh at this as preposterous
and declare that they are not afraid, and
then add, III q tone
TINGED WITH SADNESS,
eff the old man keeps on fooling around
them oats he'll 90 broke" The closing fig
ures to-day We're about as yesterday at 2G3i
August. 245I September, 24T
)gftbpr The HatUTal reaction
struck provisions to-day and values
took an up shoot. The opening was very
weak, but. under a revived inquiry, hog
products with theeXceptiOn OF lard, iirmed up
September pork, which started in at IS. 50 y,
advanced to IS. IS, October going from $500
10 IS. 9215, and November touching a point
25c above yesterdays closing. Trading in
this month did not begin for nearly an hour
after the opening and it was atno time large.
Pork lost 7j%020c of the gain, but the clos
ing was well up once more at an advance
from yesterday Of 12@15c. David Dow "
Co. were free sellers Of lard. which at no
time showed much vigoT. Ribs were strong
and higher prices were obtained the adj
vance from yesterday being 71l@10c at 10
o'clock. Later pork gained Toe, lard and
ribs each 21zc, closing for September and
October: Pork, SS.7716@S. IS; lard, $6.1O
CLG.i1I5: ribs, S5.35@5.4O.
WHEELER, ROLLINS 81 CO.,
,n1I,tTSsIAN AJuRCIFA Al MIS-.