St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1890-08-25
VERY HARD TO FOLLOW.
The Wheat Market a Puzzle to the
Shrewdest of 0per-
at0rs.
After Repeated spurts Wheat Closes
a Point Higher Than
Friday.
Financial Operations Of the Money
Kugs---Tl1e General Quo
tati0ns.

CHICAGO, Aug. 23.-The wheat mar
ket to-day was hard to follow. The &C
ton was partly due to fresh news and
in part to the attitude of few leading
houses. On the whole there was great
strength, with frequent spurts OF actlv-
ity. The market was sensitive, and re-
sponded freely to either big buying or
selling. The crowd appeared to be
ready for further advance at mo-
ment's notice, OF break of two or three
cents before the close. Except the wild
opening at a sharp advance, there was
nothing sensational up to l o'clock.
There was no end to news,or dispatches
rather, claiming something new from
various sources. The bullish feeling
at the close yesterday increased
on the curb, and this morning
the trade was ready for higher fig
ures. Frost was reported at Detroit,
Grand Haven and Marquette, Mich,
one point near Lafayette, Ind, and a
few points in Canada. The tempera-
ture was higher in the Northwest, but a
new bull feature presented Itself
heavy rainfall over North Dakota to in
terfere with the harvests. Dispatches
also claimed that 20 per cent of the
Manitoba wheat was uncut when the
freeze came. The Illinois crop report
was bullish, as far as it went. Foreign
markets were firm and Liverpool closed
I'D higher. New York cleared $4,000
bushels wheat. Out inspection here
was 114,000 bushels, and shipments 3d.
600 bushels. Bradstreets figure sur
plus of S4,OOO,OOO bushels, taking the
most liberal estimate of 425,000,000
bushels for the total crop and
reserve of 100000 bushels July 1.
Receipts for the week at Toledo,
st. Louis and Baltimore were smaller
than for the same week for five years.
OF the local houses, Hutchinson, Bald
win & Farnum and Logan & Co. were
leading buyers. Durham & Co. sold
wheat, as did S. Y. White d Co. Sep
TENDER started around S1.06. sold at
$1.O5X and up to $1.O6%. December, up
to o'clock, sold at S1.094 @1.O911 at the
opening, up to S1.104. off to S1.09$l, to
$l.10. to S1.0919, to Sl.09T. May sold at
$1.14, to $1.14A, to Sl.13112, to $1.14.
There was some realizing in wheat the
last few minutes, and prices closed
somewhat irregular, with gains for the
day ranging from 79@111c. August
was quoted at the close at S1.0614@
1867; September. S1.O6; December,
S1.O915; May, S1.l311. Wheat on the
curb firm at s1.0959 for December. Puts
were quoted at S1.092s, and calls, S1.l177s.
The corn market was firm, but the
the absence of general frost in the main
corn country. Several heavy local trad
erS were free sellers after the early
advance, most of them, it was supposed,
selling out long stuff. The market
closed at the lowest point of the day,
only 1Se better than yesterday. Oats
were dull and quiet, but about steady.
The fluctuatiOn of no future exceeded
&c. The provision market was quiet,
but the undertone was firm, more es-
pecially in lard and ribs, although pack
ers were disposed to meet buyers with
offerings OF enough to supply the de-
mand. Hogs were lower, but this was
offset by the general firmness of the
corn market and the bull speculation in
wheat. Closing prices show an i'm
provement of 21ac in January ribs.
Lard for the month referred to was un-
changed, but 219c lower for September
and October. September and October
rork closed 15c lower than at the cor
responding time yesterday, and Janu-
airy 219c lower.
The lending futures ranged as follows: