New-York tribune., 1897-08-17
WHEAT UP, SILVER DOWN.
NEW RECORD PRICES IN OPPOSITE
DIRECTIONS.
CASH WHEAT SELLS AT ss CENTS. WHILE THE
WHITE METAL SINKS TO 81 S-o CENTS


Again a new low record price for silver was
made yesterday when commercial bars SOFA a'
~ 3-16 cents an ounce. as against % l-l6 cents
on Saturday There was decline or I'D 10 -od
an ounce in London. The quotation for Govern
ment assay bars was 54A cents an ounce, when
made the value of the silver in United states
standard silver dollar 41.05 cents an ounce. Inc
bullion dealers price for Mexican dollars was
4l3s For Chian pesos and Peruvian soles ther
price was 3Sh cents.
There was great activity in wheat on the
New-York Produce Exchange, and a new record
price for the cereal Uhis years crop was maze
Cash wheat" (wheat for immediate dehNerC
got up close to a dollar. 1t sold at " cents'
which was an advance of 2as cents bushei rrof"
Saturday. The chief speculation was IN Sep'eih-
Der wheat (wheat deliverable In Septemper)'
which opened at 914 cents. or : cents aoo.e
Saturdays closing. 1t subsequently touched '-H
and closed at 915s. which made the net gain Tor
the day 2as cents. The net advance in Decen-
her wheat was 2h cents. Export sales were
eight loads or ~ 600 bushels. at New-York, ana
fifteen loads. or 10000 bushels at out ports
September corn sold up to 337s cents. and closed
at 333s cents which was gain or - cent Ho'"
Saturday. Sales OF corn for export were lorV
loads at New York and twenty loads a' 'he "u'
ports.
according to commercial estimates, this years
wheat crop will be about ''""''oooo puSl'els ef',
Tho Government figures out about io0,W",oo
bushels. The wheat crop this year VIII u''''"''
edlv Weld to the farmer more in money than any
crop since 1891 and it will probably De III ou'"-
els the largest since that year.
In the official statement of exports or p'eau-
stufs. cotton. etc, for the month of July the
yNh
This is the only cereal which goes out IN grea'
quantity through the Gulf ports. In July. lN'''
galveston exported about 10000 bushels OF
corn as against 81 900 bushels in July last year,
while New-Orleans exported heariS "'''v'
bushels against 265OOO bushels last year
These two Gulf ports therefore showed an III
crease for the month of about 26S.oD pushels
OF corn. In the same month exports tnIIusSn ,S
Baltimore increased nearly 1,ioooW pnshes'
New-York 2611 600 bushels and Phlladeiphid
about $50 900 bushels. Other Atlantic ports
show ed lesser gains. ,
Dealings in stocks on the New-York Stock Ex-
change continued on a large scale Ihe com
mon stock Of the American Sugar Refining com
pany (Sugat TrusU reached the hlShest PIloe
ever recorded for it-li3l2. The previous hisn
price was 14S5s, on August T. Net gains loI
some of the leading stocks. comparing the tnal
prices with those of Saturday, were: American
Spirits common !, American spirits PreleIlcu
2is. Brunswick Central Pachc rs. flmt nrc5 any
Pero Marquette 32s. Laclede Gas preferred !,
Metropolitan Traction l. St Joseph ana Hranu
Island first preferred 27s, Rubber common e
Rubber preferred 33s. and West Chicago Ran
way !. oo -
There was a telegraphic transfer or o,D'' siI-
yer dollars thro Ugh the New-York Sub-Ireasury
to New-Orleans. The silver dollars were pald
for here and delivered by the New-Orleans sun
Treasury on a telegraphic order from the New
York Sub-Treasury. The silver dollars are 10
he sent to Georgia to .,ay hands in the cotton
fields This was the first transaction OF the KIND
this year.
The bid price for seat on the New-York
Stock Exchange Is now So 800 a few months
ago when speculation was light. seats were sell
ing al S170OO A seat the Cotton Exchange
sold yesterday at $3.50