The record-union. [volume] (Sacramento, Calif.) 1891-1903, 1897-09-08
WHEAT GOING UP.
GETTING CToSE To. THE DOL
LAR MARK AGAIN.
An Advance in the Liverpool Mar.
ket Equivalent to Al Cents
Per BusheI.

CHICAGO, Sept. Wheat is getting
close to the dollar mark again. The
Liverpool wheat market advanced be-
fore trading commenced here, the
equivalent of 411sc per bushel over the
price it closed at on Saturday last, &c
of that rise having occurred yesterday.
Paris was also quoted Sc per bushel
higher since Saturday. In accordance
with the strength abroad, an advance
of about &c inaugurated the days bust
ness here. December starting at from
951a to 9534, compared with Saturdays
closing price Of $685.. But spectators
held long wheat over from the end
Of the week before they seized the OPP
portunity of reaping some material
profit, and their offerings caused the
market to show a sagging tendency
most of the forenoon, December declin-
ing to 9412c before any material rally
occurred.
The trade statistics of last weeks
movement of wheat in the direction of
consuming We're somewhat of a drag to
the market The weeks shipment of
wheat and flour from all sources to the
importing countries of Europe were
9S12,000 bushels, against 1854 900
bushels the week before. and 1853 900
bushels the corresponding week of 1896
The quantity on ocean passage was
thereby increased 100000 bushels.
The quantity shipped from here since
Saturday morning was disproportion-
ately small. compared to receipts Of
10000 bushels, comprising the total.
Minneapolis and Duluth reported 1S30
carloads received, compared with 2.012
for the three corresponding days of the
previous year. Atlantic port clearances
Of wheat and flour since Saturday were
equal to 1.155 900 bushels. The visible
supply decreased 656,000 bushels, and
the total is now down to 14S1700O
bushels. A year ago the corresponding
week showed 921 900 bushels increase
and the total was 47,4f600O bushels.
Closing cables did not vary much
from those reporting the opening quo
tations. 1t was difficult to get informa-
ton regarding the precise number Of
boat loads sold from New York and
elsewhere, but it was very evident. of
what could be learned, that 1 100000
bushels or more had been disposed of.
That was the reason why the market
after its reaction disposition in the
forenoon became only more strong and
was bringing 96i4 for December about
fifteen minutes from the close.
NEW YORK, Sept. Wheat had a
rise OF 2l4d212c to-day. consequent
upon excellent foreign buying of fu-
lures and spot wheat. the latter footing
up million bushels at New York and
outports. The market had a midday
reaction of a cent a bushel, but aside
from this exhibited strong undertone
all day. December opened at a dollar,
and near the close sold up to 81 O01f. or
just I cents under the best point of the
year. Final prices were near the top
Of the season. There was no excite
ment at any time, trading being purely
local. except for the early foreign or
ders. Sales We're 4, 10000 bushels.
Cables Were all higher, and lent color
to the big export demand. The visible
supply and other weekly figures We're
more bearish than otherwise. but had
only a minimum effect on prices.