The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1897-08-24

| bushels. or about half as much as look
eti for. Chicago stocks were reduced
$4,000 bushels, and there are o1Iv i
S6o,OOO bushels of all kinds here now
the most notable item in the move
ment of wheat at primary Western
markets was receipts of 5S1, 900 bushels
| at Kansas City today.
The announcement of the disappoint-
lngly small decrease in the visible SUD
ply caused drop from around CSC for
september to 9612c, but the foreign
markets closing surprisingly strong.
caused another advance to about 971bc.
Inc tendency, however, near the end,
was toward lower prices in the alb
sence of any strong reason for another
advance. September was back to 96c.
ana December to 95% about fifteen
minutes from the close, and those were
the prices when the closing bell sound
ed.
The bull pool, whose operations have
helped the late advances in grains. was
ratnef 1nconspicuous, and in fact in
olVldual operations were lost sight of
entirely during the morning. Later it
was the general belief that the pool
let go much of its late purchases, more
especially corn.
The market for corn was extremely
excited. Every one with a profit
seemed possessed of desire to unload.
While there was still a profit in sight
and many of the paper fortunes melted
away. Favorable weather and increas-
ing receipts everywhere DISCOURAGED
holders. Sales were made at the open
ing on range of a full cent some
thing not often seen in the corn pit
English markets We're reported excited
at goodly advances. September opened
1a011ac higher on this news. sales be-
1ng made at 32@33c, but when the trade
saw Chicago receipts posted at nearly
quickly turned into orders to SELL The
market sold off steadily to the close,
but owing to early advance showed
only half a cent loss for the day.
The market for oats sympathized
With corn and wheat. Liquidation by
prominent interests helped by q good
sized increase in the visible supply in
| duced an easier tone, although outside
trade was fair and principally on the
! buying side. December option led in
volume. December declined steadily TO
| the close, establishing net loss OF lie.
Flax seed scored loss of six cents.
NEW YORK. Aug. 2S.-There was
! lively. season of general unloading by
| all Glasses of tradersSin the wheat pit
| today, Which resulted in q net break
OF two cents bushel from Saturdays
ofhc1al close, and about three-fourths of
| a cent from the best curb price of Sat
ran up to 1000. 900 bushels. and vet
trading at times was dull to the point
of stagnation. The heaviest selling
was right at the opening when foreign
ers Joined in heavily and again near
the close Except for a brief period of
strength following Immediately after
the opening, the market showed posi-
tive heaviness all day. Many traders
on the curb, and even right at the open
ing, blinded by their bull enthusiasm,
and the 334d advance in Liverpool fut-
ures, took on more wheat, expecting
a continuation of recent exciting bull
raids, but were speedily turned into
heavy sellers by the unloading atti-
tude of the foreign element, whose or
ders fairly swamped the market for
while.
Throughout the first half hour the pit
was AS nervous and excited as at any
time on the present movement The
large blocks of long wheat thrown into
the market, meeting counter buying by
enthusiastic bulls. kept the prices ir
a perfect Whirl, frequently jumping
spaces of 1@c between sales To make
matters worse quotations coming in
from Chicago showed that market to
be wildly excited on sce-saw jumps OF
cent bushel.
The first trade in December here was
made at s1.04. It then dropped sharply
to $1.01M, rushed back to $1.04A. and
then, settling down TO St02, hung
around that figure until near the close
when 1t fell to $1.01k September
ranged from $1.03 10 S10624, and closed
at $1.03k. The French markets aided
the bears. They made no response to
Saturdays strength on this side, and
closed only 10 to so points up on wheat
and flour against Az advance for
the day at Liverpool. The talk about
prospective reduction in the French
duty was not credited Oh change Ex-
port trade was limited by the stiff
holding of cash wheat here, No north
ern being S@S1Ac over September. and
No. 2 red, 41sc over. Today's break has
been the first serious check the bull
movement has received In week
ST. LOUIS, Aug. 23-Wheat made
another record today December and
September touching $1.05 and May st07.
but this did not stand long, a slump
of fully &c in the active months result
ing in the first few minutes The grain
pit was crowded and the first bid Of
$1.05 caused wild rush to realize This
price was 21ac higher for December
than the closing of Saturday, but the
heavy offers to sell at that figure re-
suited in break of sc. The market
then reacted SC lost that and nnalIy
closed at S1.00$s with buyers 3sc above
the bottom and 21sc below Saturdays
finals. An opening at S1.05, at which
quite an amount was sold. with the
next sales at $1.0224 and the next at 81
all this time inside the first minute
after the opening, shows how crazy
the market was. September followed
December's fluctuations pretty closely.
closing at S1.00ss, 4Nc below the top
and &c under Saturday. May
closed 41Sc below the top fo- today.
and CSC under Saturday. Traders were
excited by advances in Liverpool and
London and a Chicago Curb" report
ing making it s1.021a there. The close
of wheat generally was heavy
PHILADELPHIA, Pa, Aug s3.-,The
sharp advances in wheat for the past
two days drew to the commercial ex-
change the largest crowd seen there in
ten years. Everybody seemed d;sap-
pointed when tlae opening for Septem-
Der was put down at 9S cents in Chi
cago because all apparently looked for
another big jump which would event
ually send the price to Sl.95 for cash
and August. The market opened 11sc
lower in sympathy with New York aud
Chicago, but there were sharp fiuctGa-
tions of from two to three cents until
near the close, wiier prices showed q
net loss as compared With Saturday of
cents per bIshel.