The record-union., 1897-10-28
DOLLAR WHEAT.
THE MARK ALMOST REALIZED
AT NEW YORK.
December Touches Ninety-Nine
Cents a RusheI During the
End OF the Session.

NEW YORK, Oct. 27.-Expectations
that December wheat would go to a
dollar We're almost realized to-day, as
the market in the last hour touched
99c, about &c a bushel over last night
Scattered selling by early purchasers,
however, finally stopped the advance
Statistics at home and abroad and re-
ports of large export demands at sea-
board and interior points were the
factors. Shipments from Atlantic ports
during the past three days have been
over 100000 bushels of wheat and
-four, while Northwestern receipts are
way behind last year. The winter
wheat crop news added emphasis TO
the bull position. Rumors to-day OF
December manipulation and possible
reduction in French duty also helped
the advance. Moderate realizing just
before the close left prices $sc off from
the top, but 161$sc higher than last
night The range on December was
erie to 99c closing at 9S9sc. Total
sales were 1896. 900 bushels.
CHICAGO, Oct. 27.-Inf1uences gov
erning wheat were as a rule favorable
to higher prices at the opening. Liver
pool had advanced quotations for wheat
Id per Genital before trading COM
menced here.
The predicted rain for the winter
wheat region stopped west of the Mis-
sissippi, and the domestic receipts Of
wheat were again comparatively light.
Chicago receipts were 1SS cars, OF
which only three loads were of con-
tract grade. Minneapolis and Duluth
reported 766 cars, against SS1 week
ago. and POS on the corresponding day
of the year before. The price was also
helped by reports of large cash busi-
ness at Duluth for export.
All outside markets were strong. The
feature was the demand for December,
houses actively on the bull side for
some time past taking considerable.
May wheat was not so eagerly sought
for as it had been for some days, the
consequence being a widening of the
spread during the morning to 3$Sc. De-
cember, which closed yesterday at
9435@94lAc, started with buyers at
947s695c. and steadily advanced TO
953sc Offerings up to this time were
comparatively scarce, but at that price
some large commission-houses sold
freely. and q reaction to 95c ensued.
Missouri had some effect on the de-
cline, as did the report that foreigners
particularly French, were reselling at
the seaboard At those figures, how
ever. the demand again improved and
the market became quite strong. LIv-
erpool closed 1G1Ad higher, and added
to the firmness, as did the heavy ex-
ports. 6S1 GOO bushels, of which To-
600 bushels were in -four. The market
was further advanced on liberal pur-
chases by one of the houses which had
sold freely on the early bulge, sup
posed to be for local professionals, who
replaced part of a .'long" line.
Before the advance was checked De-
cenber had sold up to 9612c. New York
reported :39S. 900 bushels taken there
Yesterday and forty-three loads to-day
Primary receipts showed some falling
off and were 1927, 600 bushels under
those of last year.
Continental markets ruled lower.
Paris wheat declined 5@10 centimes,
and flour was off 20Q3O centimes- Ant
werp unchanged. No. 2 spring wheat
was offered at SC per bushel under the
December price to the United Kingdom
ports without bringing in response.
This fact brought the market down.
Realization became quite free. The re-
mort of the purchase of 205.0O0 bushels
more No. l northern at Duluth, max
ing about 100000 bushels in all des-
tined for this market, also had weak
ening influence.
December was selling at 9oSc at the
close