St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1890-08-23
A GAIN OF ONE POINT.
Prices Of Wheat Fluctuate Rapidly, Clos
ing One Cent Higher Than
Thursday.
Corn Stands Pat. Oats Show Gain
and Provisions Closed
Quiet.
Financial Operations OF the Money
Kiugs---The General Quo
tati0ns.

CHICAGO, Aug. 22.-Wheat had
checkered course again to-day. and up
to o'clock the action was mostly with
in 11sc range. Prices wero on.a higher
level than on yesterday, owing very
largely to the jump wheat market made
just at the start. There were many IN
fluences at work on both sides of the
market and much of the action was due
to the attempts of local operators to
shape the market. The trade appeared
to be pretty evenly divided, and the
new came the same way. This held I'M
til late in the day, when sentiment
turned strongly on the buying side and
the best pric es were made. The feat-
ure of the morning was the bulge at
the start OH the cold weather in the
Northwest, The weather map showed
a killing frost in some parts OF
Manitoba, frost also at Moore
head and Huron, and other
points. December wheat, which was at
$1.079s at the close yesterday and sold
lie under the price on the curb, opened
with great furry at 81 .077s@1.0S. Sep
TENDER was around S1.04 and May at
SLIP or better. Bloom & Linn plunged
in and sold freely, and sent prices OFT
nc. Then, after a period of dizziness,
there was enough selling by HutcKln-
son, Logan & Co., Andrews and the
crowd to put prices down to S1.031s
September, Sl.07 December and $1.11119
May. These were the low prices of the
day. From II o'clock ON the news be-
came more bullish. The frost dis
patches were confirmed. Good authorl-
ties in the Northwest claimed that
many fields were yet in a shape to be
caught by the freeze. Other dispatches
said that much of the North Dakota
wheat which looked all right was weigh
ing from the threSherS but So to 55 lbs.
Pillsbury wired that wheat ar ound
Casselton, N. D., was counted at twenty
bushels per acre, but was threshing out
about eight bushels. The cables, which
were simply firm early, became strong
later, and Liverpool closed I'd up all
around. Minneapolis reported interior
millers demanding new wheat. st.
Louis had but $4,000 bushels receipts
against $4,000 year ago. New York
cleared over 100000 bushels of wheat,
and Baltimore none. With this class of
news the price of December first rallied
from $l.07 to Sl.07A. dropped back to
S107L, rose to S1.0S at 1880 p. M, and
then. on the best strength of the day,
rose to S1.OSM before l O'Clock. Other
months advanced with the December.
There was good strength in wheat to
the close. August was quoted at $l.04a,
September sold S1.051s, closing sl.O5;
December touched Sl.0S54, closing
s1.OS1l; May touched s1.13 just at
the close. In corn, as in wheat, the low
prices came early, and the higher
ones later. The trade was heavy for a
few minutes at the start. on account OF
the fears that the frost had extended
down into Iowa and Nebraska. The
excitement was soon over, however, and
it was not renewed except partially dur
ing the session. Prices at the close
showed no change from last night. In
oats Hutchinson appeared to be cover
ing his shorts in September, but sold
quite a quantity of October. The close
was 14c higher. The provision market
was not very active. but the happen
ings of the day favored the bulls, and
prices, where not somewhat higher,
were at all events no lower than on the
day before. Durham bought ribs lib
orally and Cudahy sold. while Armour
was reported seller of January pork,
but January ribs closed at an advance
of 215c and pork 15c. Lard moved up a
notch, also gaining 215c. Wheat was
strong on the curb. December sold
from sl.O9 to 81. OBS; puts from s1.07%
to s1.O71a, and calls from s1.10I to
S1.101a.
The leading futures ranged as follows: