St. Paul daily globe., 1886-08-20
WHEAT TAKES A Squirt
WHEAT TAKES A SPURT
It Opened Full Cent Higher, Sold up
to Eighty Gents, and Closed Near
the Top.
Higher Cables and Buying by Foreign
Houses the Cause Of the
Advance.
Corn Did Not Do So Well and Closed
Lower After Moderate
Fluctuations.
Wall Street Was Bullish, and the
Close Was ut the Top
Figures.
Chicago Grain and Provisions.

Chicago Grain and Provisions
Special TO the Globe.
CHICAGO, Aug. 19.-At the open board call
wheat was at the same figures as the closing
price on the curb last night, or roc for Sep
tember. This was full cent above the close
on the regular board, the cause being the
large charters of wheat after the close OF
change and the raising of their buying limit
by English houses. Their cables yesterday
TO buyers or the floor here raised the limit
I1sd yesterday Sad to-day. Official cables
came in strong and A6 higher for wheat and
15d higher for corn. The opening for Sep
tember wheat on the regular board was !9c.
Corn opened strong, in sympathy, at 441sc, OF
Ac higher than yesterdays close. Recelpts
Tor the day were l04 cars winter wheat 90
cars spring, 374 cars corn, 206 cars oats. lO
cars rye, and 40 cars barley. Receipts by
canal were l3,600 bu corn. With
dr&wals from store we're 16,364 bu winter
wheat, 49, ,33S bu spring wheat, 299,oiu Ou
corn, SO, ,SI6 bu oats, and 57S bu rye. Inc
first half-hour'S trading after the opening de-
veloped toe fact that there were good many
sellers in the market, who were made SO IN
order to protect their sales Uf privileges made
on the curb last night. Under thei: united
efforts September sold off from 79c, where II
opened, to 1890, but showed decided
TENDENCY TO BOZ BACK
at every opportunity. Shortly after 10 o'clock
Hamill and Brine, Lester and Blom did some
heavy buying, and the market for September
went up 10 the vicinity of 70A0I9Ac. AT
1880 it had got back to 7S7a@79c, from the
same causes as those operating toward the
first decline. Corn held il the neighbor-
hood of 44c for the first hour, and its
fluctuations were generally Hc each
way. The trading in corn was very
moderate. In the provision pit there was
moderate activity but no heavy buying. 4.
W. Robeson was buyiHg all the September
lard he could get without running up the
prices unnecessarily. Pork was sold off about
712c for October on lower prices at the yards,
and in sympathy with wheat, but later it
again took it's cue from wheat and got back
near the opening, which was S9.671a, Or 2ao
above the close yesterday.
The buying by Bloom and Lester had very
decided effect on wheat after they had kept
it up a short time. Blooms operations were
ON SUCH AN EXTENSIVE SCALE
and kept up with such an appearance of
confidence that many who were identified
with the short interest (Which was said to be
large) were forced to cover. Their rundfng
sent the price up still further, and before the
exodus from the bear camp had ceased Sep
tember wheat had advanced to 1890. This
figure was only maintained briefly at that
juncture and values eased off at 79aS0791ac.
Between II aI.d 1855 values held steady
around these figures. Blooms purchases
were supposed to aggregate about
100000 Bushels. About IL o'clock
London, Paris and Antwerp cables came in
still stronger and higher, the furry being on
the continued wet weather in England. For
eign houses were free buyers of nearly every
thing in sight, and values took another up
turn spurs, September going to SOC. From
B0c there was small decline in few min
utes afterward. and at 1890 o'clock the Sep
tember option was at 1880. Hutchinson was
pretty free seller of corn almost from the
start. From 441Sc, where corn opened, the de-
cline was steadily down to 1870. The decline
was temporarily checked in the vicinity of
434@43Ic, when wheat took its first upward
spurt. The buying Of September lard by
RoDeson for the clique made that article,nerv-
GUS, and it advanced from $7.371a at the open
ing to $7.45 by II O'Clock. Pork held steady
with light trading, and RIBS sold lower, but
were little traded in. Their decline was TIC.
On the curb puts on October wheat, s7ssc;
calls, S21sc; puts on September wheat, 79s4c;
ealls, SOA@7O1ac. Puts on October corn,
k4s4c; calls, 4519c.
fusIItSEa ~