The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1897-08-22
MARKET SUMMARY.

CHICAGO, Aug 21.-Dollar wheat was
reached in Chicago today. The September op-
ton touched that figure few minutes pe-
fore the close. and wound up an excited day
session at 9912c, an advance OIL o12c saioo
yesterday. December closed at an equal gain.
For the first time since the recent phenom-
email advance began leaders of the bull clique
let 90 Of large blocks of their holdings, which,
In q measure, relieved the strain. The eX-
element in wheat was shared by all the other
markets, trading in corn especially being
tremendous. Corn closed at &c advance, and
oats wound up 1%c higher. Provisions, after
an early squirt sank back and closed un-
changed to 712c higher.
September wheat. which closed Friday at
csc, opened today anywhere from SIC to SSc.
and kept plunging around wildly for an hour
between these figures and 9612c. December
was equally erratic, opened at 97Q9Ilsc ian
advance Of about 413c) and fuctuated between
that price and 9512c. Enormous quantities
were sold at those figures by people who had
previously bought, the sales of one OF the
best known spectators, w. R. Linn, aggre-
eating millions of bushels. Crop reports
from the Northwest were even worse than
have heretofore been received, some predlc-
ton placing the crop there at not to eX-
coed seven or eight bu an acre. The
weeks exports of wheat and fuor from both
coasts amounted TO 0,ZlS,uUU Du, CoIApaAe
with 446O.OOO bu the week previous, and
2991 900 Blu the corresponding week of the
year before The cearances from Atlantic
ports alone for the last twenty-four hours
were equal in wheat and flour to 100000
bu Chicago received 219 cars, only 10 of
which were of the contract grade. The ship
ments were $4,000 bu. Minneapolis and Du-
luth received 243 cars, against 435 year ago.
Argentine did not ship any wheat to Europe
this week
By II o'clock the market had assimllated
all the earlier offerings and hungered for
more to such an extent that it rose again with
more than it's original voracity, and leaped
like a trout at fly to secure the September
wheat offered at &c., May at the same time
bringing 81. About ten minutes before the
close 81 was bid and accepted for block OF
September amid much excitement TINS price
was held for only an instant however, pIenty
of wheat coming on the market ABOUT TINS
time and at theclose September was bringing
991Ac while 99hc was bid for December.
Business il the corn pit was on an immense
Graie Shorts made a mad rush to cover az
the opening, and forced prices up 212c over
heavy, i,GOS cars. Crop reports were very
poor. September opened at 11ac higher, at Slc,
and sold between 30I2c and &c The close
was firm at 313s@311zc. The buying craze was
also manifest in the oats market. Shorts COW
cred large lines and all months were taken
freely September opened &c higher, at l9c,
which was the lowest price of the day. 1t
sold up to 2OAc and closed at 1890.
Provisions were in great request . at the
unchanged at $s.6715; September lard, TIC
higher, at $4.65, and September ribs 712@10c
higher, at $5.30G5.3214. Estimated receipts
Monday: Wheat. 400 cars; corn, 1920 cars;
OATS SIS; hogs, $4,000 head.