Evening star. [volume] (Washington, D.C.) 1854-1972, 1891-08-15
WHEAT REACHES $1.l3
New York Operators Selling Short in
Panic
SUCCESSIVE ADVANCES IN CHICAGO.
The Express Engineers Account
OF the egg Harbor Disaster.
CABLE. NEWS FROM LONDON.

CABLE. NEWS FROM LONDON.
WHEAT GOES UP WITH A RUSH.
Spectators on the Chicago Board strug-
Cling to Buy.
CHICAGO, August l5-Wheat opened this
morning with continuation of yesterday 9
wild scenes The bull fever at the close yester-
day was still on and new fuel was added to il
by the phenomenally strong cables. London
cargoes for prompt shipment, according to the
board Of trade cable, were up shilling and
Liverpool la2 pence Those who sold around
the top yesterday, thinking the elimination
had been reached, threw up their hands and
rushed into the pit to cover at any terms.
Stop loss orders from New York and st. LOUIS
shorts came pouring in, and altogether there
was wild scene, and all sorts of prices were
bid and accepted in different parts Of the pit a,
| the same time. Within two minutes after the
bell tapped all the way between sl.Ol9s and
sl.02Is, with some trading possibly at II. .03,
was paid. That was the top for the time, how
ever.
food Of country selling orders then began
to come in, and New York wired that the for
elgners were selling right and left. This caused
other break to iiol \ and an ADVANCE 10 Io2IL
at 10 O'Clock.
Corn was likewise excited and higher Sep
tember started nj SOS aoainst 5o5Z az the cIoss
YESTERDAY. advanced to 81 lI,broke to 59sI. ral.
lied, and at 10 o clock was 6O15.
September rye rose 10 1OOit PORK wealened
soon after the opening and at 10 O'clock stood
lO.l5 dispatch was received from Miller
Mashburn OF Minneapolis saying that Austro-
Hungarian crop was damaged 80 per cent
ANOTHER UPWARD MOVEMENT.
At about IO:l5 another bull wave swent over
the wheat nit and onon. ;nd.sor;h.El. soo,.,
20 .:.~
VI oA'i'eiheh' 'ne price was put up oy hsiVes
ana quarters to 1854 within three minutes.
frantlc bidders struggled over each other offer
ing Inducements to holders, but the latter were
stubborn and at the top there was little
1or sale. Ihis bulge, 1t is understood, was the
,hu JI VI os.ns an lor tne account OF snortS
Wbe, tbe.e 49,. 80 pet;usS W sn shn , ua1s. s
quick reaction to 1881. and at O:sO the nrics
was l04sS.
sru1 .xo,urp .nv.xcv
After ,o.ao o,o,ooI ,ta 80 S,,h.;so, ~
A.'i NOV eiocA 'ne iurore suos'oeo some
what, at least for time, and fluctuations were
comparatively narrow for time. Then
another advance SET in and at lI.IO
CLOCK the price was sI.OS. Other markets
were lost sight of in the e1-
W fhp1 1nh fhx.ro
was some business in corn which Was strong in
sympathy. II touched 62E and Mt n o'ciocL
was eaL Pork rnlI;sd 10 SIN an hut a, II
O'Clock Was At s,n as Tha nr;ce 80 isrd .nd
ribs was sImos. nom;n.i NJ. .;n.,a .s,s ~
n-ov;s;ons .-ss 49, ~. ~ vi e'' s VI
"-' --Ne VIZ WIG '"A'
BERLIN GRAIN MARKET EXCITED.
BERLIN. Aueust 15-Tbs orai, m.rl.t b.re
:, - .:..s 1919. No1e
Iu'n eA'i.eo "ye ios Ausus. oen'ery'
wnicn closed yesterda? at 249 marks, is now
quoted at 26O marks. September and October
delivery advanced from 232 marks, the closing
price Of yesterday, and is now quoted at 246
marks 80 pfennige.
August wheat has advanced IA marks 80
pfennige from yesterdays closing, the price
now being 224 marks. September and Oc-
tober delivery has also advanced and is now
Oh ~ ~ MARKS from YESTERDAY closing