Abilene weekly reflector. [volume] (Abilene, Kan.) 1888-1935, 1897-08-26
THE BOOM IN WHEAT
4 Sensational Advance In Every
Market but Paris.
REACHES A DOLLAR At St. LOUIS.
Tho Cereal Also Touches the Same Price u
New York Amidst Tremendous Cheer
ing-Bradstreets Report on
the State Of Trade.

KANSAS Cry, Mo-, Aug. 2l.-Another
such sensational bulge in the wheat
market as that Of yesterday will bring
dollar wheat out Of the possibilities
and into the actualities. No. Q red
sold at Kansas City yesterday at 9s
cents; No. 2 hard at 90 cents. The mar
ket advanced five to six cents. The
primary receipts and shipments were q
significant feature Of the day. Wheat
receipts at the leading markets were
$4,000 bushels, and shipments from
the same markets, 93l, 3ll bushels, or
92,3ll more bushels than were received.
Everything was sensational at yester-
days opening except the Paris market.
Hungary's crop was reported TO be the
worst in decade. 1t was said to
amount to only about 40, 600, 900 bushels,
against l45,OOO,OOO bushels last year.
The Hungary crop had been known to
be short, but no one was prepared for
any such shortage as that reported.
These figures, II true, mean that
Hungary, instead Of being self-sup-
porting, will have to join the other
European countries in rivalry for
American wheat. The sixth annual
report Of H. V. Jones, commercial
editor Of the Minneapolis journal,
made after three-weeks' trip through
the wheat belt, placed the total crop
of Minnesota and the two Dakotas at
10000, 900 bushels, which is 80, 900
bushels less than had been claimed,
and the wheat is Of very inferior
quality. The Hungarian and Mime
sofa reports were the bullish features
OF yesterdays opening. The Liver
pool market closed with net advance
Of nearly five cents. At st. Louis cash
wheat sold for 81 q bushel on sample
yesterday. The only car load sold at
that price came from Sedgwick coun-
ty, Kan. 1t was choice grade and
bought for seeding purposes. Dollar
wheat cut a figure In the trading a
second time on the call, when 5000
bushels of May sold ut that price. 1t
was the first trade made at the price
in six years. At LAO o'clock yesterday
September wheat In the New York
market reached the long-talked Of
goal Of 81 per bushel Naturally
enough the incident created tremen-
dous sensation on the floor Of the ex-
change, and was greeted with pro-
longed cheers from half a thousand
throats.
BRADsrREET's on THE STATE OF TRADE.
New York, Aug. sl.-Bradstreet's
commercial report says:
Special kilograms from trade centers through
out the country emphasize the growing pros
perity Of the farmer due to higher prices for
almost oil agricultural produce still In his
hands, and point TO continuation Of the de-
mand which has been conspicuous within the
past few weeks The volume Of trade continues
TO increase, and prices are hardening No such
volume Of business, large In anticipation OF re-
quirements has been reported since 1902
Larger transactions have been In dry goods,
clothing and shoes and south and west
In wagons md farm implements. Another
very favorable bank Clearings report is found
In the total, &l,l4O,OO0,0OO, this week, which,
while 1t Is one per cent less than last week, Is
10 per cent larger than in the third week of
August, 1900
Prices for staples continue the favorable
movement for the past few weeks. with I'D
vances for wheat, wheat -four, new pork, but
ter, eggs, cheese, corn and oats Hides are also
ilrmer md higher. Ginghams have advanced
Y cent, while the cotton mills are starting up.
and jobbers In wooden goods IRE getting higher
prices for spring delivery There have been u
large number Of assumptions among iron and
steel concerns this week Bessemer pig IL 20 |
cents higher, and the outlook Is for improve
ment Sugar, cotton, print cloths, wool and
petroleum, are firm and unchanged while cof-
fee Is lower than last week
There are 2,l business failures reported |
throughout the United States this week,
against el4 last week, 2M year ago. l99 two |
years ago sbl three years ago, md as contrast
ed with 40 In the third week Of August, 1893