Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1897-08-20

OF 'NbhNfts ~ WV
prioe, a. BuNauc- OF 80 cents since
yesterday, off rings were lew AMI sr
between and the market quickly ran
up to 9ltc. Then che Uo-Es rallied.
Fp-tuuate holders OF wheat let go in
Sufficient quantities to relieve the
tension somewhat nd the price was
pounded down to 9ts before any rally
occurred. For twenty minutes III
Ssn ember wheat swung between 0,
ats. and about twenty minutes from
,uo opening still further decline 90
currcu, the price gettiug down to $50
rhcfe 1t turned, snd i've minuteH attet
9U4c was being bid. The big factor
was the Liverpool advance, gain
equal to 29GD}3c per bushel h9ing re.
corded tn,Ie, IN spite OF tht : break
nere yesterday.
During the fret half hour the trad
Ing was heavy aud the pit was In an
uprGar.
The Chicago boards O'Clock Liv.
erpuoi cable was at the top, 34 to 81
above laet nipht. 1t was Announced
that cash wheat at Minnrapol mad
tBucbed one dollar. New York wired
that wheat acceptances by cauie were
simply e Ormous, 81 boat loads being
taken Tor exp RI al New YORK anu Is
ioaus AT other points, all Tor EDgiauu.
Primary MARKET statistics oil receipts
ana shipm.nts had ae noteworthy
feature tue fact that the shipments are
considerably over the arrival. 1t
was commented that the Chicago bull
crowd were ietu. ne pit mere alone
touay. Baldwin Guerney led he sell.
log, uisposiny OF about 900 900 hu'bels.
AS the market was over calls, there
tuo Inf ~ Ii ,,y IN m nn Inn
predomiusting element, overshadow-
ing everything else, was the sensR.
tionsl Liverpool advance.
INCREASE ALL AROUND.
AS neon approached :tne msrke, be
gan to soar, ana soon surpassed by b.
the early advance. September
touched 92. 1t was pointed out taat
8 100 go bushels of wheat had been
cleared at the seaboard in the last five
uays.
Little or no attention was now paid
to 1ispstc telling that Paris cl )sed
% anu 80 centimes lower for wheat.
More attraction was found in the an.
nounceme thst No. Northern
wheat had sold at Sl.06 1 tu.b, : Il mt
TO English millers at New York.
Gable advcas were that the excite
ment Ia Il verpo1l was partly due to
unsettled weather and short coverings.
Cash wheat at Bait more touched 81,
Later reports from New York said ITO
boat loads taken. y such news
az this the Septembe option went to
924, a jump OF 4 TO cents bushei
compared with last nighps closing
figures.
There was much interest unaffected
~ uh nf tha forth.
coming visible supply statement. The
gossip was that Minneapolis wheat
stocks will decrease $4,000 bushels,
Duluth $4,000 bushels. Toe de-
cressss al the Two points last week was
l,O0U,0OO. The sesDosrd Will decrease
largely this week. Visible probable
decrease ,O00, 900 busnsls.
To-Day tor the fret tims the Decsm-
Der option began to take q iea1ing
place, anu WAS much traoer in, cell.
lug Al times at prem um over Sep
TENDER. AT l2:i0 pm. the market was
o, for December AMI 93 3'6 iOr Sep.
tember. The later m Dtu mad shortly
before touched 983 and advance OF
$50. for the iaus or option compared
with last night. 1t is rare that the pit
has presented sucn a scene OF excite.
meut accompanied by such an absence
OF heavy trading.
" Tadsy shows an advance 10 price OF
20 cents a bushei In wheat since July
q. In the fifteen minutes preceding
I'm. the market turned remarkable
somsrssuIt, September tumoliHg over
cert to 9ss anu the re-scting ! cent
to o 7. At l pm.
Ju rs the market was closing here
the tickers were telling that q. A.
Pillsbury had marched into the
cha mber OF commerce in Minneapolis
ut the head OF brass band celebrating
dollar wheat. The final trading on
the regular board here was at So cents
September, or within half cent OF
the top price OF the day. The tone OF
market at the close was firm.