Perrysburg journal. (Perrysburg, Wood Co., O. [Ohio]) 186?-1965, 1891-08-22
TOOK A TUMBLE.

up like rocket and then fell some
what like the stick thereof, with
reckless disregard for the fortunes that
rose and fell with it. UP ~ cents
and down IL for December is
the record of the day on
the floor. So great were the tension
and uncertainty that the most reckless
plungers hesitated and held back. Near
ly all the trading done was that which
had to be done to even up old deals.
Wheat for December delivery was the
most variable factor in the excitment,
but every thing else was unsettled by.
the crazy action of this option.
December wheat which closed Satur-
day at S1.O6N, opened yesterday at
$1.09 and above. Rapid and heavy
buying by the shorts sent it up to
81. 1871 to $1.14 inside of fifteen minutes
after the opening, with rumored sale
as high as Sl.15. When at these figures
the witch of Wall street herself could
not have predicted what was coming
next What did come was nothing less
than landslide. Down the price went
by jumps of from half cent to u cent
until it reached $1.041l.
Ab IL u ClOCh PRIZES Tdllleu SllBnbiy,
and reached S1.O7 when the bulletin
was posted showing an increase in the
visible supply of wheat of 100000
bushels since the same time last week.
This increase was larger than was ex-
pected and sent prices down, down, a
quarter of cent at time till they
reached S1.O3 and S. 1O311. This depres-
sion proved to be something more than
temporary, as December wheat re-
mained at this figure, with occasional
small rallies, and closed at $1.03.
Corn felt the effect of the excitement
in wheat. September corn closed Sat
urday at 621s, opened Monday at SO to
ca. flew up to 6915 when wheat went
up, and dropped back to 63 when
wheat took its headlong plunge. Pork
and oats were also affected by the err
ratio ups and downs of wheat, but in a
less alarming degree. Rye made sharp
advance and the interest was as in
tense if not as vociferous as that in the
wheat pit. September opened at S1.O6.
went to 81. 10 and Sill and then fell
back, closing at S1.02. All the mar
kets closed weak and nearly at the
bottom and left operators at loss for
what to expect to-day. Thus far no
firm, as far as can be learned, has
been forced to the wall, but there is no
telling what continuance of the un-
usual fluctuations of the last few days
may bring forth.
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.
IN NEW YORK.
New YORK, Aug. 1S-There were
1900, 900 bushels of wheat bought and
sold by the spectators around the
wheat pit at the New York produce
exchange Monday. This was about 1,
500,0OO bushels more wheat than the
entire supply of the country. Moth
ing like this has been seen on the
produce exchange for twenty years.
The net result of the day, tc
sum up the situation, was q
drop of from 8 to 35s cents q
bushel In brief, the course of the
wheat market for the day for the active
months was as follows:
August-opened at S1.13T@1. .133
highest point, Sl.14 closed, $1.11%.
eptember-opened, $1.13@1 Is; high
est point, 81. Is; closed, Sl.11H. De
cember-opened, $1.14T@1.1s; highest
point, S1,1s; closed, Sl.13. May
opened, S1.1sh@L21; highest point
Sl.21; closed, 16&.
Rye sold as high as Sill bushe
but broke to S1.O916@l.1O. Corn wen
up 2 cents bushel for August and Sep
tember deliveries and lost it in sympa
thy with the wheat decline. Angus
options sold for n cents and closed a
75% cents. September deliveries
opened at 1913 cents, reaching "a cents
closing at 72T cents. October corr
opened at 69s4 cents, went up to 7
cents and sold at the close of the day
at 70 cents. These prices are about y
cents lower than Saturdays last On'
days trading aggregated 10000
bushels.
highest-Sl.13-just after the opening
, Ab une close III nau Deen urlVen, o
rather it had dropped, down to Sill
: the asking price, with 81. 10 bid.
In Paris there was an active deman
in the grain market, especially for rye
which advanced to francs per 10
Kilograms. Wheat and flour advances
/ franc.
. In Vienna the grain market was firm
Autumn rye advanced so kreuzers an
, wheat advanced 70 kreuzers
IN ST. LOUIS.
> ST. LOUIS, Aug. 1s.-Many failure
: on Change were averted Monda
l by an agl cement between brokers tina
, the settling price for December whea
should be $l06 per bushel, and tn
4 bulls could draw all margins deposite,
e below S1.Oe and the bears all abov
s Sl.10 and that no trading should b
S done on the exchange Monday or Tues
: day except it was necessary to clos
t trades The agreement arrived at
n all that saved at least 15O trader