The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1897-08-26
IT'S DAY TO BULGE
CHICAGO WHEAT A NET FIVE
CENTS UP FOR SEPTEMBER
OPTION.
BULL POOL IN EVIDENCE.
ITS INFLUENCE ON THE MARKET
FELT EARLY IN THE
SESSION.
COARSE GRAINS VERY BULLIsH.
Corn Unusually Active and Over a
Point Higher at the Close
Provisions Up.
MARKET SUMMARY.
Previous.
FINANCIAL.

CHICAGO Aug. 25.-Nearly all of yester-
days decline in the grain pits was recovered
today. The bull pool made its strength ap-
parent in September wheat, and advanced
that option sc per bu, while December ad-
vanced &c, partly on account of the upward
rush OF September, but principally on account
of the bullishness of the days news. Corn
was even more active than wheat and closed
at 1lsG1Ac advance. Oats advanced 12c. Pro-
visions were unusually strong and showed
advances ranging from 1212c to SOC at the
close.
How strong a hold the bull clique had on
September wheat was shown soon after the
opening today. The opening decidedly
strong. though this was due more to the bull
ism nature of the early news than to "saueeZ-
ing" September was quoted at the opening
from 9S1hQ93%c. compared with yesterday s
closing price Of 9124. and touched 94c almost
Immediately after. 1t dropped back to 9212c,
and then it was that the spurs were put in.
Offerings Of September ceased almost al
together, the bull crowd apparently sure of
their position, standing pat and the price
jumped and kept jumping until about II
o'clock it had reached &c Traders. in De-
cember had not been idle in the meantime.
That option started at 91Q911sc, an advance
of &q1c from yesterday, touched 92c, went
back to 9O1ac. then went on the run to 94c
There was a slight interval of weakness
about an hour from the opening when the
New York market yielded, but the slight de-
cline occasioned quickly recovered.
Liverpool, which showed a decline to begin
with of S9S12d, recovered part of that
later. New York wired shortly after the
opening that foreigners were buying wheat
and houses here who do business for foreign
spectators reported that they also had buy
ing orders from abroad. In the course of the
forenoon it was found that firm in New
York had sold 80 boat loads, or 400, 900 bu
for export, but much more satisfactory evil
dence of the European demand was that the
actual shipments from Atlantic cities, since
yesterday mornings report, $4,000 bu.
Chicago receipts were 229 cars, but only % of
the number were contract. Minneapolis and
Duluth received ia cars, against 935 the
corresponding day of the year before.
The market was extremely nervous to the
end. Fluctuations of 1ac per blu in Septem-
Der between trades were frequent, and De-
cember made jumps and plunges of Ac
without apparent reason beyond attempts of
brokers to buy or sell more than 10000 blu at
time. The continental markets were weak.
Paris closed at a decline in wheat of from
17s625sc per blu, and Antwerp If
down, or the equivalent of 51sc per blu. Liv-
erpool Closed I'd per GENITAL lower for the
Jay Oh Sppl anu ITOIn Zz3SWZ%4u uONH vi
futures. Closing prices here we're: Septem-
Der, 96%c; December, 92Ac.
Trading in corn was heavier than wheat in
quantities that changed hands, although fuc-
tuatiOns were much narrower. At the out
set there was another new lot of selling by
the pool which supposed to have sold
out yesterday, the quantity let go of today
being estimated at 10000 Notwithstand-
ing this the market advanced, the demand
being general, elevator people, who were SELL
ing yesterday, being especially heavy buyers.
Crop reports were for the most part unfavor-
able. Gables opened weak, but recovered
part of the decline. Receipts were large, lib
cars. September opened 1s@5sc higher, at
2S12d29c, advanced to 32c and closed at S15sc.
Oats were rather easy for awhile after the
opening, and some nervousness was shown.
The market firmed up later with wheat, and
on the belief that the bull crowd is still
holding its line. A feature was the light
to fill orders. Commission houses were good
buyers. Receipts were 462 cars. September
opened unchanged at 1885, sold between
1850 and 1850 closing at 1S7s@19c. The mar
ket for provisions attracted considerable at
tention, and the feeling decidedly strong
er, mainly in sympathy with the grain
markets. The market opened firm at a
slight advance, and the feeling of outside or
ders which were plentiful, and covering by
shorts caused a sharp advance in all products.
The improvement was we'll supported to the
At the close pork was 30c higher, at $50;
September lard, 1212c higher, at $40, and
September ribs, 2713c higher at $3.50. Esti-
mated receipts Thursday: Wheat, ESQ; corn,
1,575; oats, $50 cars; hogs, $4,000 head.
The leading futures ranged as follows.