The Anaconda standard. [volume] (Anaconda, Mont.) 1889-1970, 1897-08-21
WHEAT HITS A DOLLAR
Reports of Poor Crops Make a
Sensational Advance.
EXCITEMENT WAS INTENSE
The Jump Accompanied by Scenes Al
most Without a Parallel-A Band
OF Music in the Minneapolis
Chamber OF Commerce.

chicago. Aug, -o.-Whrat scored "A
sensational advance to-day at cN ~
market in the world. with the excep-
tion of Paris. During the regular :
sion OF the Chicago board of tradc
: Sptcmber wheat gained o. cents and
December 5A cents. TN the curb. af-
ter regular hours. an advance OF 3
cents was made. September selling
freely at s6 cents.
The wheat pin ON change to-day
presented u scene of activity the like
Of which has not been witnessed since
the palmy days Of Hutchinson. la
mliariy known as "old Hutch"
The exact opposite of Ed Patridgc's
famous raid In 1891 was In progress
That plunger began his operations ou
The short side ~ the market during
the spring Of 1891 and forced the price
from in the nineties TO 80 cents. Toe
day the advance PLACES wheat on the
ground occupied before that raid and
In a position for even further appre-
citation.
The advance to-day was by no
means merely a Chicago bulge Liver
pool started IL. the Euglish markets
showing a gain equivalent to "a. cents
per bushel. Every American market
followed the example. New York gain
ing 5@s cents. st. Louis 4 cents and the
Northwestern markets cents. The
strength of th. English markets was
aItribltsd 10 unsettled Weather and
covering bV shorts The official r.
port of the Hungarian crop. showing
il To- be the smallest I'm 10 wears. might
have had some influence Beerbnhm.
the noted English statistician. esti-
mated European necessities M sSa OO0
600 bushels. with lSs. 900 600 bushels %.
that amount reuuired from America
Cash wheat in most of the Am.ri-
can markets pass d The dollar marx.
That was the rass. AT Minneapolis,
New Work. Burfnlo. Baltimorc and "a,
Louis. The cash prrmiums here even
Increased Ia 4 CENTS over IN. Sept.m-
b.r option
The Iivarpool advance beinr mad.
ahead of m. Am.,1can. The English
traders vare ouIck to accent "A ..sur..
ihinp' and u,i,,ly absurl,ci ali cab,e
offerings nj last nights figures. NV
York put the EXPORT enrarrmcnts there
an 100 hnat loads. hut this figure Was
regarded as much TOO low. Lack OF
aNaiI,h,. wh,,,f her. made A, INN ~.
sibIe 10 do much cash business a,d
only one Iot OF lao soo bushels MAS r..-
ported sold Atlantic clearapces ,rpre
extremely larg, and the total COR ;h.
week of Z. 900 Oo0 bushels report.d A Vt
after the close caused a further al
yanc. of z cents A few sales of sem
t.mber vere mad, op the ,urb nj 49,
and trad. Mas ouitc free aroupd ~,
With fluctuations so wide sp.cuio,ors
necessarily limited their opara,jons.
IL WAS a big market only in IN. :, rs..
every one took pari.
The mysterious ..b,,Il .iiou, /" whose
promipent. cont,n,,es Ia n. IN, ionic ~
discussion Their oprrstions d.y af
.er dav have made IN nl,io that !. -
aran is "A, The helm hut his id.,ttt =,
has Inns FAR heen Ken, from m. nul
lie Josenb Letter A we'll known iocai
capitalis, is said Ia ne heavily in,a,.
se,.d in IN. deal aud a MIL lunu,,
car builder IL supuosed Ia hay. /, hanl
I'm tho gam. Alibourh Partridge or.
erations han, no, hern .eliused ,ne
,ombino ~ nov said tn a. long ,,1r
~ 0oO Ooo busb.ls of grain nearly baIf
~ ,be entire amoun, I,ins pec.mber
corn. profits. il is said have alrea,,y
been accented amountinr a, oNer CO.
00o 900
Tbr campaipn I'm ,o,n IL b.inp
nush.d ,i,orn,Isl, ana nrI,as ,n-aav
advanced abolt i cent win a fu,thn,
gain az hall a cent after The r,.ruIar
clos. Oats also w,r. aided by IN. buli
rrowd and gained nearly / cent Pro.
visions ver. not affected by m. pool
oresations and gained only s17 cents
Wh.a, openod with "A roar al sOi. 4,
aos =, fnr sant,mh.r and from, soi. ~.
ole for nqosmb.r. seainst yesterIa,s
cIosinr pric.s Of s;i. nrd S5i., An
active scramble for The limited of,,,,.
Iups at the commencement hmpcd Tho
-. ,o a,tLc ro, s,,,,..,l,,.r - IA