The times. [volume] (Richmond, Va.) 1890-1903, 1896-10-20
RUSHING GRAIN TO EUROPE.
The Supply Of Vessels Unequal to the
Demand al Baltimore.
WHEAT ADVANCES NEARLY SIX CENTS.
Many Vessels Loading mt Portland V'e
gon-Ail Past Records of Big shipments
Broken-Whcat Takes n Zig Jump
In all Markets.


freifht rates from this port TO Jump up
at "A lively rate. To-days quotations
to Liverpool are two pence bushei
higher than those offered few weeks
ago. Ship brokers say that more pusi-
ness at the higher rates H. being onticu
than at this season FOR several years
mast. Vessels have been chartered AT
good rates as far ahead as next March
As a. result of this activity. every aN"h-
able steamer and sailing Ncssei has
been pressed into service. and snip oIoN-
ers say that the supply of vessels Is sun
UNEQUAL TO the demand. For the TWO
months which ended october 18th there
were one hundred and thirty-two vessels
cleared from Baltimore for foreign ports.
against ninety-throe for the correspond
ing period OF last year. Most OF the
vessels carried grain.
CORN SHIPMENTS.
Large shipments OF corn are being
made the low prices and heavy crop
proving attractive TO foreign buyers.
This business is stimulated by the ac-
ton OF the Joint Traffic Association in
reducing freight rates from 20 cents 10
II cents per hundred pounds from Chi
cago on all corn for EXPORT.
During September 9.Ci9255 bushels OF
wheat and 1880 29l bushels OF corn were
exported from Baltimore. For Septcln-
bcr 1885. the figures were 5.OO6S1I bushels
OF wheat and 5SC9. 42i bushels Of corn.
Southern wheat to-day broke all pre-
vious records in the local market when
It advanced 5 ga cents a bushol No.
red closed Saturday al Is "a and sold to-
day at 81 IL cents. Western wheat also
jumped three cents a bushei I'm this
market. Flour was also affected. and
advanced % cents barrel.
PAST RECD---..1 BROKEN.
PORTLAND. ORE. oct. l9.-More
wheat has been put afoat In Portland
In the last forty-eight hours than ever
before in a similar length of time in
the history OF the port. The ships As
tcria, Glengorm Castle. Lindisfarne. and
Henrietta with wheat. and the Sierra
Estrella with -four finished loading yes
terday. and the Andreada got away
the day before. These ships carried
nearly twenty Thousand long tons, or
over 100000 bushels of wheat. The ship
ments TO date arc far in excess of those
OF any previous year. and with plenty
OF ships and plenty of wheat the good
work will keep up. The oarkentine Mar
oissus was chartered Saturday The
Procyon, which has been in the offing
for several days. waiting. orders. has
also been chartered. and Will come TO
Portland to load at once. Two other
vessels are also spoken Of. and will
hasten to this port for wheat cargoes.
ALMOST EIGHTY CENTS.
CHICAGO. oct BIN the midst o.
scene Of wild excitement such as veteran
traders recall in Wal times, December
wheat opened on the Chicago Board OF
Trade to-day anywhere from IS IL to
- IL cents after closing officially Satur-
day at 20 rs cents. II was an average
2-cent jump to begin tho Juror with and
IN its startling suddenness and effect IT
came like a bomb I'm the board. Eighty
cents wheat was missed by a quarter Of
a cent only the top notch Of the sensa-
tional session being % "a. But the mar
ket was not all upwards oscillated be-
tween Saturday. closing price and the
top reacted TO IS ga cents. then went 10
20 Ga cents and flashed ali around this
point with q bewilderinc assortment Of
changes The December future broke to-
wards the close. the last official price be-
ing II 3-S cents. but that was IL cents
above Saturdays closing.
Before the commotion IN the pit began
the English cables posted on change
told the feverish crowd that more wheat
was wanted by tho U1ited Kingdom
London Liverpool Paris and Berlin con,
tributed their quota Of bull news ana ser
we'd to tune the excited crowd TO tie pitch
Of a Scent rise at the opening. Traders
on both sides OF the market realized IL
was not local one which was shown by
the prices remaining firm in the face Of
heavy selling Of long lines by holders to
get the profit.
EVERYBODY MADE MONEY.
A feature Of the day was that every
body was making money. Paying bust
ness came 10 the brokers from Tacoma
10 New Brunswick. y. ID. Armour was
a heavy buyer and there was a report
that John Cudahy sold big lots of his
wheat holding but IL was not supposed
he sold all OF his long line. The bois-
ferrous opening OF the Minneapolis mar
ket. where the opening price was almost
cents above the closing SATURDAY. was
taken as evidence OF the strength OF the
Northwestern market Strong as the
demand was locally wheat could only be
got when men were found who were will
ing 70 let go and be satisfied with their
pront. Fortunes were made in an hour
President Baker said: THE activity IS
due 20 strong foreign markets. Liyerpoo.
showing en- advance Of six cents a bnsh-
81 Great britain wants our wheat hut
q is absurd to talk Of wheat being ship
rcd to Argentina.
SAN FRANCISCO. oct. 19.-Excitement
in the local wheat market continues uh-
abated AT the opening of the call or the
Board session on the Produce Exchange
al 1918 \. NJ The first sale OF December
wheat was az l52. u rapidly rose 70 lof
SIS. finally closing at u; s.. an advance
az IA cents over Saturday closing pric-
as May wheat opened al l5i IS, advanced
10 i57 - and closed at LOO "a. gam OF
l-2 cents over saturday
AT the second session, which closed
shortly before noon. May wheat advanced
one cent. and December. IA. The sales cor
the morning. We're over eleven thousand
tons.
RISING IN NEW YORK.
NEW YORK. Oct. N.-Nheat took an
other upward bound to-day.
on the produce exchange there was
great excitement. The brokers gathered
about the wheat pit. and when the open
ing for December wheat was recorded as
81 7-Sc. a babel Of shout arose that wou. d
have done credit 10 the stock exchange
IN it's widest moments.
" was a rise OF 3-Sc from Saturdays
closing. and the brokers seemed 10 the
uninitiated observer. of whom there We're
many in the galleries. 20 have gone sud
denly crazy There was little business
done I'm any other part Ct the exchange.
For the rest OF the day the wheat pit
was mass Of struggling excited men.
who yelled az though their lives depended
upon their lunc power
In the hour and half up 10 noon. the
transactions IN futures were 100000