Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1897-08-23


to Csc and kept plunging around Wildly
for an hour between those figures ana
96l2c. December was equally errauc, OPEN
ing at g7dlsc tan advance OF about 4t2cJ;
and fiuctuated between that price ana
951xc. Enormous quantities were sold at
these figures by people who had previous
~ bought IL. the safes of one OF the Dssl
known spectators, w. X. LinAc asgre-
rent opinion that had he not come mo
the market the long looked for dollar
mark would have been reached IN a very
few minutes after the opening. III was
not difficult to account for the remarkao.e
opening advance Liverpool quoted spot
American red winter wheat at a 4Ac ad-
vance while California wheat was &c
per bu higher. Crop reports from the
Northwest were even worse thah nave
heretofore been received. some preulc-
tons placing the crop there at not TO ex7
coed or s bu 10 the acre.
The weeks report OF wheat and flour
from both coasts amounted TO 5,2lS.VV bu,
compared with l. $4,000 bu the week pre-
week of the year before. The clearances
from Atlantic ports alone for the last a
hours were equal in wheat ana iour 70
100000. Chicago received 2lg cars, onIy
10 OF which wer of the contract grade.
The shipments hence We're 2l2,OW Du.
Minneapolis and Duluth received 245 cars,
against 435 year ago. Argentina ala NOT
ship any wheat TO Europe this week. by
the earlier offerings and hungered for
more 10 such an extent that IL rose again
with more than its original voraclty ana
leaped like trout al fly 10 secure the
September wheat offered a g9c, May AT
the same time bringing 81.
The continental markets were about as
excited as the English markets ana thiS
fact had much TO do with the <purt from
97c. The Paris advance was equal TO asa
&c per bu, and Antwerp 6l2c per Du.
About ten minutes before the close a dol
lar was bid and accepted for block OF
September amid much excitement. rms
price was held only for an instant, now
ever, plenty of wheat coming on the
market about this time, and at the close
September was bringing 99i2c, while @lsc
was bid for December.
Cash quotations were as follows; g.
Flour active: winter patents, 81 SVdi -;
straghts 81 60d4 50; spring specials. - 20:
spring patents. 81 GOA 81; straights, 81 %
IA 60; bakers. IS J0a3 so.
Wheat, No. spring. s9i2cqsl o.; No NO .
spring. 92d97c; No. red. 81 OOl29l u2'e
Corn. No. 2 and No. yellow, 3l'sdSlAc.
oats. No. 2. 1910: No. white, 20@4c;
No. white. fob. 2lG23c. -
Barley. No. >. nominal; No. 3, fob, p
63lc; No. f. OBJ, 2ld3lc.
F Flax No. I. 81 1Slza1 20.
Prime timothy seed, 81 20.
Mess pork; per Dbl. s. 7CaS 90
Short ribs sides doose) s. 2Oa5 -.
Dry sailed shoulders (boXod). $40 c.
Short clear sides (boXed). oi2d5Ssc.
Whiskey. distillers' finished goods. 81 20
Sugar. cut loaf, 5.S4c: grlnulated, 5.2lc.
ON the Produce Exchange to-day IN"
butter market was firm; creamerles, uu
lie; dairies, 10Nl4c.
Cheese quiet at Ii4dSc.
Eggs. firm; fresh. il12c.
ReceiptsIFlour. 5000 b6!s; wheat, 30
900 bu; corn. 56l.C00 bu; oats. $4,000 bu;
rye, 1900 bu; barley, 1890 ,bu. 80,
Shipments-FlOur 5000 bbls; wheat, lNl,-
0O0 bu; corn, 2S5.C00 bu; oats, 426OW bu;
rye. $500 bu; barley. l,5p bu.
NEW YORK, August 2l.-Wheat bulls
added about sc to the dollar market at
tanned yesterday. and are now out not
foot for 81 - a bushel- in the New YORK
market To-days opening was one OF the
most exciting Of the entire week. Mem
berS and others who had not been seen IN
down town circles in years flocktd 10 the
floor and gallery to watch the sensational
developments In wheat. At the hrSt stroke
of the gong September swung up 10 81 o.
selling also down 10 81 VI at the same III,
slant IN other parts OF the pit. The crowd
OF buyers fought vigorously among them
selves 10 get possession q the few lots
Offering and quickly bid the price up 10
81 03le by rapid strides OF l2c or more al
"A clip. The bears were nowhere. Ii was
a feVerish clamor fOr wheat from all
sources. Eleventh hour bulls, those VINO
never come i'm 70 buy until prices have
already had a big advance, were, partic-
ularly prominent In the carly dealings
December opened from 81 10 81 V's4 and
went flying after September. impelIed by
mad rushes TO buy, and general bull
excitement. Ii soon reached 81 Wl5 ana
then in common with the rest of the list
cooled off little both in trading actlv-
ity and upward movement. For time
the whole market rested like some huge
monster taking breath after a fray. BUT
towards midday the restless energy OF the
bulls started prices climbing up once
more lust before the close September
reached 81 055s. easing off later TO 81 OLE
which was the official closing figure. Dur
ing the next hour on the curb. Idndrmon-
ium again broke loose. for the Wlres an
nounced dollar" wheat In Chicago. y
cheer, almost as hearty as that which
greeted the similar event here yesterday,
went up from the pit and the bulls snook
The market TO its foundation with their
demands for more wheat, forcing Scptem-
Der still higher TO 81 c5Ss II was a fever
ism day. giving promise OF sensational
markets I'm the future While There were
several points in the news today which
under ordinary circumstances might have
given the bears foothold. they had no IN
fuence in view of the OVerpOwerng bun
sentiment among traders. Gables from
Liverpool came 30 10 3"sd higher than last
night but foreign houses sold as much
as they bought. There were no important
export transactions, and the spring wheat
outlook was made brighter by sunshine
and warm weather. cash wheat tNo. l
northern fob. atiOau closed nominaily
at 81 u per bu. Total sales OF futures
were 4.57Op0 bu.
Exports of wheat and flour from both
coasts were 10000 bu las, week, while
Europe purchased about 3ou.op more
during the week at New York and out
ports Closing figures on wheat FUTURES
today were about - cents higher than
last year and spot wheat about - cents
higher.
Flour. receipts. 1S.E2bu exports. 17159
bu. quiet but held decidedly higher. Min
nesota patent s. 5od6 90, Minnesota bak-
Crs' 81 2j04 co. winter patents. 8 25T5 -;
winter straghts 81 S5Hj %; winter low
grades. s. i0d3 30.
Rye -four. stronger: superiine, s. Nn
10: fancy. 81 ltd3 %.
Corn meal strong; yellow western, zoe
Rye. stronger; No. western, 5li2c; car
lots 41l2d i2c.
Barley. dull at 29i.u'Oc.
Barley malt quiet western. +Sd5Sc.
Wheat. receipts Is. 80 bu. exports ~
Options opened strong on feyerish buying
and advanced eXcitedly all the morning
on higher cables. large weekly exports
and general ,bull,shnesS Closed az -, a
Csc net higher. selling up i2c more ON the
curb. No red August closed az 81 OH.
September az 81 pli4Hl o.. closing at
81 0ji2
Corn. receipts. 1860 bu, exports. t5l 90
bu. spot market. strong, No. , -6i1 &c.
Options opened strong and advanced all
day on active trade. stimulated by a bull
ish feeling and the jump in wheat Au-
gust closed at 36isc, September az 81 N
36i2C. closing al 36lzc.
Oats. receipts. 2S1G0 bu. exports. a. S{3
bu: spo; strong No. .. -5c. Options fairly
active and strong with the other markets.
closing at lizC net higher August CLOSED
at 25c: September at -4iac.