Alexandria gazette. [volume] (Alexandria, D.C.) 1834-1974, 1897-08-21
TO-DAY'S TELEGRApHIC NEWS
The Grain Markets.

NEW YORK, Aug. 21.-With q rush
and deafening uproar wheat started
out this morning on it's climb towards
the new level set by the bulls for Sep
TENDER or December, S125 bushel in
this market. Every eye on the floor
was fixed on the big dial as the gong
stroke set the excited speculative MA
chine in motion. Round and round
went the hands until $1.02a was mark
ed for wheat that closed officially last
night at 99s and sold later on the curb
at 1.O1t. The first recorded sale OF
September was made at 102, represent.
ing the advance of q over the oficiel
close. Later it whizzad up to 1884 in
jumps sometimes ! at clip, disdaining
the tat fluctuations that usually &C.
company o markets action. From
there it fell again to 1929, but subse.
quently bobbed back again. At IL
o'clock the market had quieted some.
what for a breathing spell, with Sep.
TENDER solidly fixed at 103. Corn went
up a cent a bushel and oats followed
moderately.
Just before the regular closing, wheat
again branched out into excited trading
with an attendant rise to the highest
point of the morning, $105s for Sep.
tember. Later on the the curb it held
very strongly at that figure on light of.
ferings. Corn was also very active
and strong at 363 for September. 1t
was reported that nearly a million
bushels of corn had been marked for
export here and outports to-day.
CHICAGO, Aug 21.-EveTything point
ed to dollar wheat in Chicago at the
opening on Change, curb prices ap.
parently indicating that that mark
would be reached perhaps before the
day was ended. The opening was very
excited with bids for September rang
ing all the way from 81 to SO cents
while December was quoted at 97a975
trading being about equally divided be-
tween the two options. The volume o.
business was phenomenally small IL
view of the remarkable jump in prices
Just before II a. m. it began to sudden.
ly advance again, and the price jumped
to new high point, overlapping any
thing yet reached on the regular board
9Si for September and 97a for December
There was great excitement in corn, the
pit being jammed with traders and
prices for time were up 24c per bushel
TO certain extent it was sympathetic
with wheat, but there was great shor
interest apparent. Crop reports were
very bad from large area of the corr
belt. September corn opened 4asC
higher at Gle, with few sales at 3O5c
1t advanced to 32c, then declined under
realizing sales to 3l}c.
The advance in wheat continued al
the close of trading approached. Al
11:45 a. M, the price had reached 80!
Sept. and SO Dec. In less than five
minutes later the dollar mark was reach
ed and one hundred cents was paid fol
lot of Sept. wheat. When this rec
letter record had been made there was
temporary reaction to 994, but mo-
ment before the close the price was
back again up to 995. When the clos
ing bell rang at noon the official record
was 99I Sept, one half cent below the
top price for the day or &c net gain as
compared with yesterdays closing quo
tations.
PHILADELPHIA, Pa, Aug. 2l-There
was intense excitement in the wheat
market again this morning when Sep
TENDER wheat il Chicago came over
the wires at CSC. About 10000 bushels
changed hands on a basis of $1.054 fol
No. 2 red, net gain over yesterday O.
SIC. At this writing the market is still
higher, $1.0S being bid here for No. :
red which is six cents above the close
yesterday and the highest reached in
over six years.