St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1891-08-28
Afterward Skirmishing Up
and Down, and Closing
at $1.O4S.
Fears Of Frost Affect Deal
ingS in Corn--OatS and
Provisions Strong.
Prices Ruled Lower in New
York on Realization and
Reaction.

CHICAGO Aug 27-The weather map
started the wheat market with an additional
crop scarce. and December wheat was un-
purchasaDle in any quantity until 1t was ls4c
higher than the close yesterday. There were
transactions at the same moment at top fig
ures, ranging all the way from S1.05 to Sl.06ls.
After scale or two at Si.06l2 the buying or
ders at unlimited prices appeared to have
been exhausted, and at the same time as the
call price had been reached selling against
those privileges came into play and very soon
knocked one cent off the carly bulge. The
price was very irregular all forenoon. declln-
ing and recovering again very rapidly and
within the range of Sl.05A and Sl.O57s, but
about one hour before the close there was q
very weak feeling induced by New York re-
ports of lower cables and foreigners resell
ing there, and drop to $1.454s was the re-
suit
The clearances from the Atlantic seaboard
were again very heavy, but the foreign mar
kets were reported in the private dispatches
earlier, and prices likely to decline with any
improvement in their weather. The closing
cables showed an advance at LIVERPOOL, but
continental markets were lower, but even
Liverpool was quoted lower in some of the
private messages, and the first effect of the
frost scare had by that time been recovered
from The drop in prices above referred to
was rather sudden, and rescmbled in its
consequences to the long what has more fire.
quenty of late been the experience OF short
sellers; upon the attempt of the former party
10 unload their earlier purchases no buyers
could be found between Sl.O31401.O4S4, and
it was not untIl ii was being offered at Sl.O4A
and 81 G45s that any quantity could be dis
posed of. The closing price was LOLA.
The corn market was kept on the boil dur
a. 8 fhn oil
frosts in the Northwest, it was feared. would
reach down into the corn belt tonight, and,
i'll fact, the weather bureau makes that pre-
diction The working of the wire pullers at
New ferk and the aforesaid frost talk, to-
gether with the increasing average Oh me
daily receipts, were the influences upon the
price fluctuations. AT the close of the ses-
sion october corn, after selling ll2c higher
andy &c lower than it closed yesterday, rested
with the comparatively modest gain OF sc
August ana September were less bull
ish not affected by the days news, closing
at an advance of only 4c on yester-
days last quotations. Year gained
I2c and Nav 3sc The opening of to-day S
corn market was quite as wild in the matter
Of the wild range of prices i'll the first tran j.
actions that existed at the same moment i'll
the wheat pit. September corn was started
from 65c to G6c, the latter being the highest
price to-day, and it closed at Use. october
sold at the opening anywhere from 59c TO
5934c, sold as high ds G0l2c, as low as 5Ss4c,
and closed at $3.50, as against SOC at the close
yesterday.
There was nothing of interest in the oat
market. which was very dull. Prices tiuctu-
ated with wheat and corn, and were a little
stronger than yesterday, without being much
higher. The market opened steady, advanced
140l2c, declined Ssc advanced 1sc, and
closed steady where it did yesterday. Sep
TENDER and October changed hands at $50
l2c difference Efforts were made to change
October to May at 3lS034c premium for the
latter, but little business was done.
The provision market started firm, and
after rather protracted weak intermediate
spell, strength again became the ruling feat
ure. and the close was at a moderate advance
upon yesterdays final figures. September
pork opened at 81 .3212. declined to 5000
recovered all the early decline and l5c more
and closed with net gain for the day Of
2l2c. October went through q similar course
but its gain in the end was sc. January was
comparatively stronger than either and
shows an advance of 7l2c Lard made an adj
vance in each of the three options, Deem
Der, September and January, of 10c. Ribs
also showed more advantage than barreled
pork from the bullish feeling that pre-
vailed, adding 1Qc to Yesterdays close.
The leading futures ranged as follows: