The record-union. [volume] (Sacramento, Calif.) 1891-1903, 1897-08-07
WHEAT AGAIN STRONGER.
RALLIES SOMEWHAT FROM
THURSDAYS DECLINE.
The Sudden Recovery Due to the
Fact That Cables Reported an
Advance at Liverpool.

CHICAGO, Aug. 6.-One-half of yes
terdays decline in wheat was recov-
cred Immediately at the opening. Sep
tember which closed the day before
at 15l2c, was wanted at from TIC to
7714c, and it touched 771ac before the
first batch of buying orders could be
all executed. The sudden recovery was
due to the rather extraordinary circum-
stances that, Notwithstanding the pre-
vious days decline here, Liverpool had
advanced 114d before business COM
menced here The remarkable strength
of the Liverpool market was ascribed
to unfavorable weather for harvesting
in England, and the continental de-
mand, foreigners, it was said, being
buyers of wheat in Liverpool. Spring
wheat offered from here last night to
Antwerp and Liverpool at good mar
gin Of profit and for contingencies over
night, We're accepted
The want of strong parties on the
bull side of the market soon began to
be felt, and from 7T1ac, the highest
point September reached soon after the
beginning of the session, it declined
irregularly during the forenoon to 753sc,
within &c of the closing price yester-
day. There was no change in the gem
eral situation affecting prices, except
that all the big bull spectators had
sold out, and were apparently waiting
for still lower prices than had been
reached the day before.
The inquiry for cash wheat was re-
newed on the decline, and the demand
was such as to give promise of per-
haps as large business as was done
yesterday. One lot of 10000 bushels
No northern spring sold at from
4&4c to &c per bushel in store over the
September price for shipment to a mil
Ter at Milwaukee.
The principal demand, however, was
for export The cash business over
came the effect of some bearish fea-
lures in the domestic situation, such as
the commencement of harvest as far
north as Grand Forks, n. D., and ac-
cumulating receipts of wheat at Kan
sas City. The price of September work
ed gradually up from around 1925 to
II cents. The closing cables gave Liv-
erpool higher, and Paris equal to from
25s to 81 cents per bushel lower.
Primary market receipts were S46,-
TO bushels, against 653,61S bushels
the corresponding day of the previous
year Exports from the Atlantic sea-
board were equal in wheat and flour to
322, 900 bushels. The sales of cash
wheat did not reach yesterdays fig
ures. but vessel room was engaged for
3S5, 900 bushels, and about fifty boat
loads were reported accepted at the
sea board. September eased off to 1850,
turned strong again, and after touch
ing 773sc, eased off to 111sc at the
close September opened 112c to 14c
higher at re to 7114c, sold between
755sc and 771ac, closed at 773sc bid
AT NEW YORK.
NEW YORK, Aug. 6.-Prices for
wheat moved up Use on very strong
Liverpool cables, but large selling on
orders on the bulge in May turned it
weak, rally again in the early after
noon. French markets We're very weak
and decidedly lower, which, with the
movement of new wheat, contributed to
the local weakness after the opening.
September started at S4ssc. sold up to
S5ssc, and broke to S31sc, rallying
later to SIC. Foreign houses bought
and sold A fair export demand for
wheat was again reported.