Alma record. (Alma, Mich.) 1878-1928, 1897-08-27
v HEAT Up.
Estimates OF Beerbohn Show D mand
From America OF one Hundred al
Eighty-five Million Bushels.


From America OF one Hundred al
Eighty-hve Million Bushels.
Chicago. Aug 2O.-Whrat >c'red a
sensational advance at every market IN
The world today with the exc Ptlon 81
Paris. During the regular Nr>>i"n Of
the Chicago board of trade September
wheat gained 3, &c and December 5sc.
On the curb after regular business
hours another advance of 81 was made,
September selling freely at 96c. The
wheat pit on change today presented ii
scene of activity, the like OF which his
not been witnessed since the palmy
laws of b. II. Hutchinson, familiarity
known a "Old Hutch" The exact
opposite of Ed. Pardridge's famous raid
n 1891 was in progress. That plunger
began his operations ON the snort side
# the market during the spring of 81
md forced prices from in the Cos to
sc Today's advance places wheat on
ne ground occupied before that raid
md IN a position for further apprecia-
ION. The advance today was by no
means merely a Chicago bulge. Liver
Jool started ii, the English MAJ kets
showing a gain equivalent to - "a &c
per bushel. Every American market
Flowed the example, New York gain
ing sc. St. Louis &c and the north
western markets &c.
The strength of the English MAJ
lets was attributed to unsettled weather
md covering by shorts. The official
report of the Hungarial crop, showing
the smallest in ten years, might have
lad some influence Beerbohm the
roted English statistician, estimated
European necessities at 3S4,OOO,OCO
bushels, with lS5,O0O,OOO bushels of
hat amount required from America.
lash wheat i'm most of the American
markets passed the dollar mark. That
vas the case at Minneapolis, New
York, Buffalo, Baltimore and ST. Louis.
The cash premiums here even increased
% three cents over September. Tie
Liverpool advance being made ahead
If the American, the English traders
we're quick to accept a "sure thing
md quietly absorbed all cable offerings
1t last nights figures. New York put
he export engagements there at leo
GOAT loads. but this figure was regardod
much to- low. Lack of availab'
wheat has made it impossible to do
much cash business and only one lot of
10000 bushels was reported sold
Atlantic clearances were extremely
arge and the total for the week of
POO 600 bushels reported just after
he close caused further advance of
'hree cents. \ few sales of September
we're made on the curb at 80 and trade
vas quite free around 96c
With fluctuations 80 wild SPECTATORS
necessarily limited their operations. 1t
vas biz market only in the sense that
,veryone took part. rhe mysterious
Gull clique, whose operations in July
options were very prominent, continue
10 be the center OF discussion. Their
operations day after day have made it
plain that a veteran is at the helm, but
MS identity has thus far been kept from
me public Joseph Letter well
known loca capitalist, is said TO be
heavily interested in the deal and a
veil known car builder is supposed to
have hand in the game. Although
Partlidge's operations have not been
eclipsed, the combine is now said to be
long of about 20,000.O0 bushels of
grain, nearly half of the entire amount
Jeing December corn. Profits it Is
said. have already been accepted
amounting to over $4,000 600. The
campaign in corn is being pushed Wig
orously and prices today advanced
about lc with a further gain of C after
he regular close. Oats also were aided
by the bull crowd and gained nearly
1c. Provisions were not favored by
pool operations and gained only 5.o ID
cents.
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