The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1897-08-20
villa Day ON the Chicago Board
of Trade.
September Advances 5 Cents
Over Last Nights Close.
81 }AT MINNEAPOLIS.
Highest Point i'm Years Reached
at Philadelphia.
Through It All Liverpool Con-
tinued to Buy.

Chicago, Aug. 2O-September wheat
sold on the curb this morning at 9O3scs the
highest point in several years. This mark
ed an advance of 3Ac over yesterdays
close and another wild day on change
was anticipated.
Higher prices at Liverpool, bullish crop
estimates from Minneapolis and wide
spread damage to crops in Hungary, were
the main factors when the regular trad
ing began on change. First transactions
were higher even than the curb, the
regular market starting at 9019@909sc for
September and jumping up a full cent
within a few moments to 911ac, the Liver
pool advance equal to 21zG3 1-3c per bush
el in spite of the break here yesterday
tended to make the whole pit believe that
the foreign situation was too strong for
any opposition from this side.
A dispatch was shown around saying
that millers are paying 81 for wheat at
Easton, Pa. Chicago at one time during
the trading showed 4asc advance over
last night.
The Chicago boards o'clock Liverpool
cable was at the top, 31A@4s4d over last
night. About this time it was announced
that cash wheat at Minneapolis had
touched 81. New York wired that wheat
acceptances by cable were simply enor-
NOUS 60 boat loads being taken for ex-
port at New York and IS loads at other
points, all for England. Primary mar
ket statistics of receipts and shipments
had as a noteworthy feature the fact that
the shipments are considerably over the
arrivals. 1t was commented that the
Chicago bull crowd were letting the pit
here alone today. Baldwin-Guerny led
the selling, disposipg of about 100000
bushels. AS the market was over calls.
there was lot of selling against them
The predominating element in the market
overshadowing everything else, was the
sensa tional Liverpool advance.
AS noon approached the market began
to soar, and soon surpassed by 1zc the
early advance. September touched 92c.
1t was pointed out that $780, 600 bushels of
wheat had been cleared at the seaboard in
the past five days.
Little or no attention was now paid to
dispatches telling that Paris closed 25d
so centirnes lower for wheat. More at
traction was found in the announcement
that No. l northern wheat had sold at
81 .o614 at Ney York f. o. b., af1oat to Eng
lish millers. Gable advices We're that the
excitement in Liverpool was partly due
to unsettled weather and shorts cover
81 Later reports from New York said
that 11O boat loads were taken. On such
news as this the September option here
went to e21zc, a jump of over sc a BUSH
el, compared with last nights closing fig
ures.
Philadelphia, Aug. 2O-The wheat mar
ket was more exciting than ever exper-
fenced in the history of the exchange.
Quotations jumped up 4$4c and brought
he oil aTIS
were sales of No. 2 red at Sic and No Z
Pennsylvania red at this writing is
quoted at s1.O2. This is the highest quo
tation here in many years.
Minneapolis, Mimi, Aug. 20-Wheat
sold for a dollar a bushel in Minneapolis
today. When the September option went
to soc, Charles A. Pillsbury offered a dol
lar spot for ] 200 bushels of old No
northern, which is selling at a premium
The offer was accepted. James Marshall
offered the same price for 5000 bushels
but it has not yet been accepted.