St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1889-08-27
WHEAT GOES SKYEss!a!O,
49,.
Bulls Manipulate the Market and Put
the Price Up Over a
Point.
Auuust Shows the Greatest Strength
Because sold Hutch" Holds
1t ALI.
Financial Operations Of the Money
Kings---The General Quota
tons.

Chicago, Aug. 26.-The surprise OF the day
was in wheat. The market opened steauy
and was extremely heavyfor atm on Drlght
weather on this side and weak cable from
Liverpool. Receipts were liberal, and with
less than $4,000 on cleared from Atlantic
ports, the day promised nothing but weak
ness and dullness. An hour later the visible
supply reports showed that the Visible wheat
increased but "a. 900 bu., surely 50O,Ooo pu.
less than generally expected. This caused
slight rally, and prices regained the slight
losses early and went fraction better than
at the close Saturday. On top OF this came
the bull card of the day, and of the year II 1t
but proves to be correct. The Vienna worlds
congress- estimates shortage of wheat in'1n-
dia and Europe amounting to $50, 100000
bu. The estimated deficiency for the world
is $50. 600 900 bu On this there was an ad-
vance in few minutes that made the shorts
tremble. September from 76c went to 37Ac
December having rallied from 161sc to TIl2c,
buIged Quickly 10 7SlSc. reacted to TIiSc,
and then went to 7Sssc before 1 O'Clock.
Early, Schwartz-Dupee bought, and Irwin
Green and the crowd sold. Later, Jones'
Kennett bought heavily, and Llndblom,
Hammer, and the crowd sold. The
pit was aroused considerably on
advance. Wheat closed at about
best prices for the session. Receipts were
200 cars of winter wheat; 81 cars OF spring
wheat; 1,1S0 cars of corn. and Soy cars OF
oats by rail, and 16,5O0 bu of corn, SOU pu
oats by canal. Withdrawals by store, were
l42,4S0 blu of winter wheat; 21.4l7 blu OF
spring wheat; 432. 470 bu of corn and 1884,
707 bu of oats. Corn market fairly active,
and prices Is to Ac lower. The visible sup
ply increased !, 456, 600 blu. Oats were with
out interesting feature, and closed shade
frmer for the near futures. The provision
trade was more interesting to-day. The
opening was irregular, with lard arshade
lower, short ribs steady for october, and 90
6Iac higher for September, and mess pork, 3
. to Toe higher for September. and October,
with January depressed. The support0 in
September and October pork was significant
and prices were advanced 25 to soc over
Saturday, both months selling up to $9.S
and closing at 1913, September, and
S9.774 fer october. January sold at 9.o713
and SO. I7I2. Short ribs were also advanced
to 81 .S2l2 for September and $4.S5 for
october. Lard was less active and less
strong. Gooch, Wright and others, were free
buyers of october pork.
THE QUOTATIONS.
The leading futures ranged as follows:
Wheat-No 2 September opened at 76c
closing at 77Ac: October, 76c, closing at
76c; December, TIC. closing at 7SAc; year,
75Iac, closing at 1880. Corn-No. 2 Sep
TENDER opened at 33s4c, closing at 33S4c;
October 34c. closing at SAC; December,
334c closing at 3314c. Oats-No. Septem-
Der opened at 19Ac, closing at 1890; Octo-
Der, 19sc, closing at zoe: December 201ec,
closing at 2OAc. Mess Pork (per bbD-Sep-
TENDER opened at $3.50, closing at 1913;
October. So 80, closing at S9.77l2; January.
So 10, closing at 50. 17l2. Lard (per 100 lbs)
September opened at $3.50. closing at
S.. 97ls: October, S5. 92l2 closing at 30. 91!2;
JANUARY, 1913, closing at $3.50. Short Ribs
closing at 81. S2l2; october, S4. S2lz, closing
at "a .S2Ib; January, Sd 62l2, closing at 50. 60.
Cash quotations were as follows: Flour
quiet and unchanged Wheat-No. 2 spring,
Use; No spring. 6S@70c; No. 2 red, Use.
Corn-No. 2 33l2c. oats-No. 2. 1880
Rye-No. 2, 42Iac. Barley-No. 2. 63@67c.
Fiaxseed-No. l, S126. Prime timothy Seed
81 3S@1 40. Mess Pork-Per bbl., 1919.
Lard-Per 100 lbs, S5.92I2@5.95. Short
ribs sides Qoose), S4.75@4.e0. Dry sailed
shoulders (boxed), So. 62l2@4.75. Short
clear sides (boxed), IS. 1212@5. 25. Whisky
-Distillers' finished goods. per gal, 81. OF.
Sugars-Cut loaf, 9@94c; granulated, Size;
standard A, sac. Receipts-Flour, 1000
oats, 1922. 900 bu; rye. 1000 bu barley,
1900 bu ShipmentS-Flour. 1900 bbls;
wheat, log, 900 blu; corn, AL, 900 bu; oats,
$4,000 bu; rye. LOGO. On the produce
exchange to-day the butter market was fairly
active; fancy creamery, 17l2@lSc; fine,
14I2@I6c; fine diaries, 11@l4c; fair to good,
9@lOc. Eggs in good demand at 14@14l2c.