The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1897-08-21

Even Higher Price Is Predicted.
CHICAGO. Aug. ea.-Ths wheat market
Iata another remarkable advance today.
.ssp'eizater closing a. sc ard December AZ
80 showing gains of s'sc and SIC re-
9PeStiReiy. There was a sensational aa-
vance az Liverpool. and p0oT crepe were
s'as'onsl5le for the jump. which zas &C
tofnpantad BY scenes OF excitement al
most unparalleled. on the carb this
4ttsTnoon September wheat sold 81 sS.c
Sorn vas advanced sc II spite Of nn-
taFoFaele conditions. ard cats closed nc
Hlsher Provisions advanced saI5c.
" aeat opened with a roar al sosQsessc
lof Selfember. and from s1tkc 20 9ic for
Dtce Zeert against yesterdays closing
PITS Of s7isc and S7ac. 4 scramble fer
TIE limited offerings At the commence
iaent jumped the price 10 ei5xc for hoLh
September and December before much
could De- bought The early teiegrams
Or market matters we're quite Sufficient
10 account Tor the renewal of the buying
frenzy wit which "A number OF heavy
operators have been seized at intervals
during the last six weeks Liverpool
was excited, and rose isgs.d higher at
the opening, Notwithstanding yesterdays
lAsc decline here, and In the course OF Ealf
an hour the Liverpool excitement had
carried the days rise up 90 the equivalent
OF 5isc per bushel the cablegrau quoting
the advance at 4sd per GENITAL.
Crop Reports Worse.
Crop reports from the Northwest we're
even worse than usual while Beerbohm
added fuel TO the flames b. cabling pre-
dlction OF 8 wheat on account OF the
European crop being estimated at - coo
90 short OF requirements. Wheat had
declined 10 ss7sc for September on reailz-
Ing sales, but the publication Of such
radical statements started the specu-
lafors and made them to a man anxious
10 get some wheat. The result was tkat
IN two hours from the opening December
had risen 70 ssc and September TO s2@sc,
While St Louis Minneapolis and Duluth
al quoted 81 as the price Of cash wheat
IN their respective markets.
Hinge Foreign PurehaseS.
The foreign buying of cash wheat at
New York was OF sensational charac-
ter Everything offered In the shape Of
wheat or -four 10 London. Liverpool.
Bristol, Hun or other United Kingdom
ports was accepted. and before noon 40
boat loads. or so0lo bushels had been
sold for export at New York The Paris
market was reported about ftac per
bushel lower for the day bur for all that
orders from here 10 buy wheat futures
were heavy. and the demand from the
United Kingdom was said 10 be immense.
Every house here with English eOnnec-
tions had buying orders for December
wheat, many of them 10 cover previous
short sales.
Chicago receipts were 2as car loads Of
wheat. only II q them contract and 56
were new spring. Minneapolis and Du-
luth got lg3 cars. compared with 3ls a
year ago. Export cIearances from At
lantic ports were equal 20 laea0 bushels.
The advance here. which finally reached
sSiAc for both September and December.
seemed 10 have paralyzed the cash trade.
as only 1900 bushels were sold for ship
ment from here. The market was very
erratic toward the close with fuctua-
tions very frequent. September was
bringing eSc az the close, and Decem Der
was quoted at e2atc.
Corn Also Advances
In spite Of large receipts, a good deal
OF country selling end a prospect OF
milder weather. corn was strong. and at
one time showed over cent advance.
September opened about sc higher at
2sisc. sold between - and 2gas E29Tsc,
resting at 2SAEl2eiec
Oats were rather quiet during the early
morning. bat the market became active
as the session advanced and a heavy
days business was done. September
opened a shade higher a. lsc. sold at
IT. 9isc. and advanced 20 fs3ac The
closing price was lsizc asked
Provisions enjoyed some % the general
buliish prosperity. good cash trade
was reported and there was considcra bIe
activity in the pit. Packers were the
chief buyers, led by Armour & Co. The
Cudahys sold lard and ribs 2 feature of
the market at the close. September pork
was ioc higher at $ s7'zc: September lard
= II.
higher ~ = 57is.
CtoAing Quotations.
August prices: Wheat s2f@c: corn
esIc: oats. lSc: pork, $50, lard. $4s7;
ribs. s. -: barley. 2sG&0c; rye. as. fax
siIs. timothy, x2.75.
wild scene at Minneapolis.
NrTNNFAPOT Aug So-Cash wheat
sod today a. dollar she Gre. tir1c since
ana summer % rS~a. The predictions are
Today that futures vouid follow within
&, few dasS. IN view Of the advance % g.
today. on the CG8mbar cf Commerce
floor there was = shout 81 expectancy
from the plt as the price approached q
dollar THE market was strong. opening
ec higher than yesterday's close. sup
,,5rtea BY strong foreign news and The
buUlsh Northwest reports. The price ~
cash wheat had iust PASSED the dollar
pofrt when froa down the hallway came
The sound q marital music. There was
a rush for the door. and the crowd broke
into a cheer as w tfIe corridor came e.
pf44furv at the head cf r hand %
music which vas pounding out dol
lar memorial march Mr. PtItshurv
lea the band through the doorway ard On
To the soor while hats went up ard
cheers proclafnao1 the entire satisfaction
wfth witch = majority received the news
- dollar wheat The market whlried