Grant County herald. [volume] (Lancaster, Wis.) 1850-1968, 1891-08-20
NOT so ACTIVE.
The Furry in Wheat Is Appar-
emily Over.
Little Excitement on the Chicago
Board of Trade = A Slight
Drop in the Price.
NIARkErs EI.sEwHERE.

markets We're less excited than for
several days past, but there was a
nervous feeling and ierl1y action to
prices in all the leading articles and
products. December wheat sold
S1.O3 To SaO45s to SL01@, and
closed at SL02t. Corn was very
strong, and after selling at 62$s cents
early advanced to co.'s cents late in
the day, and closed at 659l cents. Rye
was easier, selling between % cents and
81. Provisions closed firm, with pork
20 cents higher.
1t is easier to ask than to correctly
answer the question as To who has the
money in this big advance of the last
ten days, but the opinion generally
held is that the profits on the abnormal
advances have for the most part gone
to the east and to the foreigners, with
the western operators the under dogs in
the fight With the brilliant outlook
for the growing and maturing
crops for weeks and weeks past
traders in the west have been possessed
with a bearish inclination. Believing
that with the prospect of one of the
biggest yields ON record, and that per-
haps the reports of serious damage to
European crops had been greatly ex-
aggefated, they concluded that moth
ing could prevent prices reaching a
figure away below 80 cents. Show
ing their faith by their works they
sold large lines in the nineties, be-
lieviBg that subsequently they would
be enabled to buy it in at figures much
below those and thus secure large
profit Not only did the professional
spectators trade in this manner
selling large lines to foreign buyers,
but What is Familiarity known as 1.-The
country went short all the way from
5000 bushels up. They could not an
ticipnte the actions of foreign mark cts,
however, and ii spite of the fact
that the big receipts of new winter
wheat were quickly swallowed mp by
pures asers for home and export ac-
count prices climbed slIyward until
they reached point Monday fully %
cents per bushel higher than the low
point week earlier. Figures may or
may not mean anything, according as
viz ~ AAAbtASbOCAs bhA iAltN fttAN eiilN1
of % cents within the period of week,
taking the lowest and highest points,
means that during that period wheat
appreciated about - per cent. in value.
Taking Mondays receipts of new
wheat at western markets, or LOCO, 600
bushels. which recently left farmers
hancs. an advance in value is shown of
1924, 300, supposing it had all been con-
tract grade. OF course these pictures
are supposititious yet it is no less a fact
that the up turn Of last week has en-
hanoed the value of the crop many
millions of dollars, with actual sales of
good milling wheat in this market Mon
day at Sl02G01.0 o. per bushel
Bankers and merchants generally are
greatly encouraged over the outlook
for trade. They express the belief
that money will be easier and that
good times generally are to follow the
advent of large crops and fair prices.
The crop is large, the demand good,
hence the movement of money becomes
free.
IN NEW YORK.
NEW YORK. Aug. 19.-The gallery of
the produce exchange was filed during
the morning with visitors who expected
to see a repetition of the exciting
scenes which attended the opening of
the market Monday. They were disap-
pointed. A great deal of clamoring in
the wheat pit followed the sound of fhe
gong and for more than thirty seconds it
looked as if there was going to be
little panic, but everything quoted
down, and steady buying and selling
began at prices fraction lower than
the closing figures Monday. December
wheat, which closed at 81. II, opened at
SLIPS. May fell from 81. 1914 to 81. Is
and September from S1.111s to S1.1016.
Slight changes up and down oc-
CURED in the first fifteen minutes.
At II o'clock September had gone
down to 81. 10 and December to SLIP.
May, however, forged ahead one-eighth
of cent. The lowest point reached was
ST. 1515. OF the less active months
February opened at S1.1415 and Janu-
airy at 81. 1874. September corn opened
at 7216c, Monday closing price. Oc-
tober fell off a half cent to G91ac.
BALTIMORE, Md, Aug. n. Things
are quieter on change, and there was
some reaction both in excitement and
prices Wheat sold at s10s0l. TO-
Southern wheat declined cents per
busheL Corn was steadier and flour
sold at Mondays prices A greater
confidence prevailed and the belief is
general that the furry is over
Defeat far Nine Ionrs.