St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1889-08-28
BULLS RULE THE R0OST.
Continuation of the Skyward Movement
OF Good Northwestern
Grains.
The Market Shows Extraordinary
Bu0yancy in Every
Line.
Financial OPERATIONS of the Money
Kings---The General Quota
tons.

CHICAGO. Aug. 27-The wheat market to
day was surprisingly weak early, ana sur
prisingly strong later. May opened win the
trade pretty we'll at sea. There was tend
ency on the part OF the local crowd to oppose
any movement When Place and others sold
early the crowd bought eagerly. Later. when
prices began to move up pretty strong. the
entire local force was against the advance.
The weakness early was on the belief mat
the Vienna report might not ran out as alhrst
sight. the decrease of l, OBS. 900 bu in wheat
on ocean passage, as reported by Beereohm.
the easier cables and the liberal receipts OF
new wheat here and at other leading points
First prices were a fraction under last nlght,
and further slight declines put Sep
TENDER at 7634c and December AZ
777sc. This was the bottom ana TURN
ing point. Private cables indicated that
the Vienna figures might be confirmed. Inc
second Liverpool cable quoted wheat Ad
dearer and weather unsettled. Inc
estimate for Wednesday at this point was
but 1877 cars-.not over half what it should
be. The sentiment gradually changed TO the
bull side. and prices went flying away above
the top figures OF yesterday September went
I'D to 777sc, or llsc from the bottom. May
sold UP to s3lsc. There was little reaction
from the best prices before clock. Ihere
was good buying of wheat at New York, but
dispatches said it was to go to store on con-
tract. New York cleared $1,000 bu wheat
and 5000 bbls of flour. Wheat acted little
flighty the last fifteen minutes, December
resting for a time at 794c. was
suddenly bulged to 79l2c, the top
point for the day. This was followed
by qnick selling from many quarters by
40 off other side
over night The realizing sales sent prices
down to the closing figures. Receipts were
$50 ears winter wheat, 81 cars spring, 1888
cars corn and $40 cars oats by raj, and D.
800 blu corn and Ii, 900 bu oats by canal.
Withdrawals by store were 135, 447 bu win
ter wheat, 26l,7 $50 bu corn and 1886 blu
oats. Corn was weak early and strong later.
The very strong local receipts, both by rail
and canal and the fine weather caused the
weakness. The light estimated receipts for
tomorrow, the strength il wheat, and heavy
buying by Hutchinson caused the strength.
Last sales were 1s@Ac higher than Yester-
day. Oats fairly active, 1s@Ac higher.
Provisions were dull until about the close,
when squirt of buying closed the market at
about the top for the day, and 2l2@5c higher
for lard and ribs, with pork a point lower for
August aud September.
~s &c THE QUOTATIONS..
The leading futures ra pged as follows:
Wheat-No. z September opened at !7lsc
closing at 774c; December. 7Sc, closing. AT
79c: year, 76Ssc, closing at 77l2c: May, SIC,
closing at S3lsc Corn-No. 2 September,
opened at 335sc, closing at $3.50: December
33Ac, closing at 33I2c. Oats-No. Septem-
Der opened Mt 1890, closing at zoe; Octo-
Der, zoe. closing AT 204c: May, 22sSc. clos
ing at 23c. Mess Pork (per bb)-September
opened at 1915, closing at 81. 72l2; 0eto-
closing at SO. 20. Lard (per 100 lbs)-Sep-
TENDER opened at ST.. 92l2. closing at ST. 02I2 !;
October, S5.97l2, closing at Sc; January,
closing at S.. 92l2. Short Ribs (per 100 lbs)
September opened at S4.S5, closing
ut S4S5; October, S4.87la, closing at
S485; January S4.62t2, closing at 81 90.
Cash quotations were as follows: Flour
firm and unchanged Wheat-No. . spring,
7el2c; No. 3 spring, 69@7ol2c; No. 2 red,
7Sl2c. Corn-No. ., $3.50. Oats-No. 2. zoe.
Rye-No. 2 4ol2c. BaTley-No. 2. 65cc.
Sl.30@1. 30. Mess Pork-Per bbl., So, 70.
Lard-Per 100 lbs, $6.02I2@6.05. Short
ribs sides Ooose), S4.S5. Dry sailed Shout
ders (boxedl, steady. Short clear sides
(boxed) steady. Whfsky-Distillers' finished
goods. per gal, Sl.O2. Sugars-Cut loaf un;
changed. Receipts-Flour, 10000 bbls;
wheat, nc, 600 bu; corn, 594, 900 blu; oats,
379.C0U bu; rye. 5000 bu; barley, 1900
blu. Shipments-F $4,000 bbls; wheat,
l6l, 600 bu; corn, 100000 bu; oats, 1884,
600 bu: rye. 5000 bu; barley, 5000 bu.
On the produce exchange to-day the butter
market was fairly active; fancy creamery,
1S@1Sl2c: fine, l5c; fine diaries, 13@l4c;
fair to good, 9@IOc Eggs in good demand
at I4c.