Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1891-08-15
DOLLAR WHEAT.
n Is Hailed with n Mighty Shout In en-
cnRO.
fBy tc}ccraplr to tho Dlspltch.l

| CTrc.Go. August 1i-Ihis was another
| wild and worrsOme dav III the wheat-pll
on the Board Of Trade. Prices went up
! and down over a very wide range Wlih'ul
auv apparently sufficient cause. and bol
| bulls and bears were alternately on lht
! grlirOn, though the advocates OF higH'I
/ prices had the best Of the situation, Gh''
improved their opportunities to the eAteh.
! Of ultima. ely carrying prices to point
- e. above she closing figures yes'crdh' I:
and the close was 5 .c. higher. he buHs
! long-dalaved prediction OF dollar wheat
was finally verified. and they hailed the
! big round figure with n mighty shout'
| This occurred close 10 the end Ot the se1-
! SION.
! The market was wildly unsettled NJ the
opening. with the buil sentiment rampant.
A nervous, apprchenslve feeling pcrvnded
| the crowd: there were indefinite rumors
! of trouble brewing abroad. which might
| result IN war. and cables brought news OF
| strong aud higher prices abroad. with no
| domestic markets All nervous ana strony.
! The local shorts were thoroughly alarmed,
AMI bought iran;IcailY. lndt r. these con,
! ditions the ouoning was fairly Wild. ana
| December sold az g6 to 99c.. all wlthln
two minutes from thc first stroae OF the
| opening boil. against % e.. at the closing
| figure yesterday.
| For a time the feeling was strong. but
! there camo free selling against calls ana
! liberal realizing Oh long wheat. and there
/ was a Ia. IN the market. Later the NrW
! York clique was thought - be s'iiln9.
! This siampeded the local bulls. There wax
| something of "a race t. SEQ which party
could unload first, aud there was an lr-
regular and nervous drop 10 ~ g.; the
/ market reacted to 9i".c. aud was compaia-
/ lively steady ana quiet ~ 20 a91 90. uutil
afternoon. then suddenly the crowd Wa
! seized with a buying fever and auld the
! widest excitement tho price was advanced
/ 10 -. 1t sagged 10 ~ C.. but closed
! strong at $3.50.
! Corn was strong but unsettled, though
/ not showing as much strength as wheat.
! Shorts were nervous over the advance at
| the wheat PIT, but II was difficult 10 buy
! owing 20 the scarcity Of offerings. sep
| femter opened at 5s TO JHc.. and sold
! quickly TO 81 .ajJ' 20. Then on ircer sell
| ny and the let-up IN the wheat boom II
! icll 20 5oc.. thcn rose 10 >" r., but broke
! eventually - o. &C.. and reacted To 7'' c.
/ ate in the session when wheat went soar
lng corn touched G0c.. hut closed at 500.
! Trade was on moderate scale. and there
/ was little IN the WAY oi news 10 affect the
| price. Oats were steady To strong during
most of the day fiuctuatlny within q
range oi - .a29 &C.. Rye was still strong
and exciting. September selling TO and
closing at 9'c. Provisions were quiet nut
firm. PORK for september delivery kept
between : soa-ag5 ill wheat scared near
the close. when pork Jumped to SlO.IZ .,
and closed at cl0.1O.
Cash quotations.: Flour firm and I'M
/ changed. No. spring wheat. :'' C.. No..
! . spring whr1t. Jic. No. red. -. No. ?
corn. ~ tc. 40. oa's. 2Sa20 =. No.
| white, 80 ,a1- &C.: No , whit. ~ a3lc.
Moss pork. -l0.o5a>l0.l0 Lard. 500.
! Short-rihs. -G.60a@i.6J. Dry-salted -houl-
der. c6.20ac6.2j. Short-clear. -i.2Jas 80
! Mhiskey. SLY.