St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1890-08-24
VERY HARD TO FOLLOW.
The Wheat Market a Puzzle to the
Shrewdest Of 0per-
at0rs.

CHICAGO, Aug. 23.-The wheat mar
ket to-day was hard to follow. The ac-
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 actiy-
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 a 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,o 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
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 70 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 900 bushels, and shipments S0,-
600 bushels. Bradstreets figure sur
plus of 94,0O0.000 bushels, taking the
most liberal estimate of 425,000, 900
bushels for the total crop and
reserve of 100000 bushels July l.
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 Il Co. were
leading buyers. Durham & Co. sold
wheat, as did S. Y. White & Co. Sep
TENDER started around S1.06. sold at
s1.O5T and up to $l.06%. December, up
to 1 o'clock, sold at 81 .O94@1. 091a at the
opening, up to Sl.104. off to S1.09$l, to
S1.10, to s1.0915, to S1.095s. May sold at
S1.14, to S1.1414, to $1.1319, to S1.14.
There was some realizing in wheat the
last few minutes, and prices closed
somewhat irregular, with gains for the
day ranging from 1a@H9c. August
was quoted at the close at S1.O6L@
1867; September, S1.06; December,
s1.O91a; May, s1.191a. Wheat Oh the
curb firm at 81 .O95s for December. Puts
were quoted at $1.095s, and calls, $1.l1s.
The corn market was firm, but the
minds of shorts were much relieved by
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 1Sc better than yesterday. Oats
were dull and quiet, but about steady.
The tluctuation 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 frmness 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 211c lower for September
ana October. September and October
pork closed 15c lower than at the cor
responding time yesterday, and Janu-
airy 211sc lower.
The leading futures ranged as follows: