St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1890-08-27
SUDDEN BULGE IN WHEAT.
Vhe September Future Climbs TWO
and a half Points
Higher.
Corn Acts in Sympathy, Oats Stronger,
Provisions Closing Firm and
IN,
Financial Operations Of the Monev
yinns---The General Quota
tons.

CH1oAGo. Aug. 26.-The wheat market
proved somewhat of surprise TO the pears
to-day. For day or two past they were Ell
couraged by some news that appeared 10
favor sellers at prevailing prices. the VI
emma figures of yesterday encouraged selling
because of the alleged liberal supplies when
Europe will have. But the bearlshness III thls
market ended with yesterday. rms morn
ing prices were recovered Ac at the openlng'
First prices were followed by a little 1ufther
advance little decline about the end OF
the first hour and later by broad ana
strong market, carrying prices for December
about &c over last night. while September
took a remarkable quick up-turn, going
above $1.0S, nearly &c over the low
price of yesterday, and narrowing the pre-
MUM of December from sc at the opening 10
lie at l o'clock. The relations OF December
and May were not changed. The action was:
September, Sl.045s to S1:0SA to Sl.oIA;
December, S.. 075s to $l.077s to Sl.0Il2 to
Sl0914 to 81. 0SS4; May. S1.117s to 81. l3A TO
Sl.l2S4 The sudden jump i'll September
gave rise to the usual talk of corner, but
aside from the covering of soWe shorts When
the market was bare of offerings, there was
nothing unusual in the deal. The news OF
the day was not startling. There was an i'll
SN7
it cut no figure The leading bull feature
was the strength of Liverpool cables in the
face of the Vienna figures. Private cables
said that Liverpool took no stock
in the report. Early cables were firm
all around, and at the close strong and
higher The rainy weather in The North
west where harvesting is not finished was
another cause of strength. about noon
Minneapolis wired that it was clear and
growing cold. The signal service predicted
frost tonight in South Dakota and Nebraska,
and this had the bullish effect unnatural
conditions usually have, regardless OF the
direct effect on the crop There were no
clearances from New York or Baltimore.
After the bulge in wheat the market held
pretty firm to the close. The price OF Sep
TENDER settled back after the shorts stopped
bidding and closed at $1O.6S4 or 2Ssc up Tor
the day. December yielded S4c from the
very top and closed S1.085s, or 1Ac up
for the day. May at the close was
SI12Is. Wheat ON the curb was firm
at S1.09s4 for December Puts S1.07as
bid and calls ST. .O97s bid at $50 p. m. The
corn market, under the generally fine grow
ing weather and abundant rains, was weak
at the opening, but the starting of rumor
of possible frost tonight in South Dakota
made sellers scarce. The market closed with
an improvement of 12c over last nights
prices The oats deal possessed little of in
terest. The market opened steady and
scored light advance as strength was de-
veloped IN other cereals. Trading was light
the crowd being small at all times The pro-
vision market was easier at the start, but the
strength in corn helped it, and prices which
had sagged some worked back, so that in the
end yesterdays and to-day's closing prices
are about the same except in pork, which
closed at an advance of SOC for September
and 10c tor January.
The leading futures ranged as follows: