St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1890-08-16
ABOVE THE CENTURY MARK
September Wheat Opens stronu, Fluc-
tuates Rapidly and Closes Two
Points Higher. 81
Corn Also Goes Skyward, Oats Gain
Slightly, Provisions Closing .
Very Quiet.
fananclal Operations Of the Honey
Kings..-The General Quota
tons. y

= 4
uncAeo, Aug. 15.-Thhe wheat mar
ket appears to puzzle the trade very
much. There was general DISPOSE
ton to sell for a reaction this morning,
with much the same result as on yester-
day. Prices went down from 15c to &c
from the closing figures of the night
previous. OH the dumping of small lots.
This ended the early decline. Then
there was enough moderate buying to
put prices back to where they started.
Then some bull news about boon put
prices up about nc all around, and
gave the market the appearance of
good strength. The news to-day was
quite conflicting all arOund-even cables
were bearish from one source and bull
ish from another. The public cables to
the board quoted wheat at Livespool I'D
lower, while BeerbOhm quoted the
market firm. The clear weather in the
Northwest was regarded as favorable.
Toledo reported light receipts and still
lighter for tomorrow. Miliers' jour-
mails claim an advance of zoe in -four to
keep pace with wheat. Roche had adj
vices from South Dakota saying that
the northeastern counties will not eX
coed ten bushels per acre. M0Orhead
dispatches said the crop was equal to
last years. The Atlantic ports con-
tinue to send out the stuff. Clearances
to-day: New York, $4,000 bushels OF
wheat; Philadelphia, 1900; Baltimore,
10000. The total of wheat and flour
from the three ports equals 275,O00
bushels of wheat. The sensational
news of the day was that, owing to
cholera, the Russian ports were quar-
antined. Prices went a half a
cent on this. During the last
hour the wheat market became
broad and strong. The sellers early at
tempted to get their wheat back. There
was good buying on the Russian cholera
scare, which, if it causes ports to re-
main closed, will greatly increase the
demand for American wheat and rye.
Glasgow sent cables of wet and cold.
The opinion was general that another
decrease in the visible may occur Mon
day. The only bearish influence was
lower closing cables at Liverpool, and
they were not needed, because consid-
cred only reflection OF Eastern
weakness here and at New York. Sep
TENDER rose to S1.Ol5s, and December
sl.O47s. Closing prices were: Septem-
Der, $1.015s; December, s1.04I bid; May.
S1.oS3s. Vessel room was taken for
$4,000 bu wheat here to-day. The curb
was quiet ard unchanged. Calls on
December wheat sold at 96Ac and puts
at $3.50. Corn closed cent higher
The firmness was due to the moderate
receipts, reports that the rain had
ceased falling in the corn belt, and the
low temperature in the extreme North
west. Heavy receipts caused weak
and declining oats market early, but
during the last hour there was a gen.
eral buying to cover short sales. which
brought the market back to about last
nights prices. Provisions were weak
up to mid day, but firmed up in sympa-,
thy with corn during the last hour
The close was 21zc lower for pork,
lard and ribs. LII .sia.55s
The leading futures range as follows: