The record-union., 1897-08-26
WHEAT RECEIVERS.
PRICES ARE AGAIN ON THE
ASCENDENCY.
September Keeps Climbing Until
1t Touches 81 Cents in the
Chicago Board.

| CHICAGO, Aug 25.-Nearlv all Of
| yesterdays decline in the grain pits was
recovered to-day. How strong a hold
the bull clique had on September was
shown soon after the opening to-day.
/ September was quoted at the opening
at from 9312c to 93Ac, compared with
yesterdays closing price Of 914c, ana
touched 94c almost immediately after.
1t dropped back to 921ac, and then it
was that the spurs were put in. Offer
! ings of September ceased almost alto
gether the bull crowd. APPARENTLY sure
OF their position, Standing pat" anu
the price jumped and kept J&rnping UNI
til about IL o'clock it mad reached 97o.
Traders in December had NOT been
idle in the meantime. That option
started at 91@911ac. an advance of a4G1
! 114c from yesterday, touched 92c, went
back to 9012c, then went on the run to
Ole
There was a sli&ht interval of weak
ness about an hour from the opening,
" lien the New York market yielded, but
/ the slight decline occasioned was quick
Ily recovered. LIVERPOOL showed a de-
cline to begin with of from 81 to 3l9G
but recovered part of that later. New
York wired shortly after the opening
that foreigners were buying wheat, and
/ houses here who do business for for
eign spectators reported that they had
| buying orders from abroad. In the
course of the forenoon it was found that
one firm in New York had sold fifty
| boatloads, or 100000 bushels, for ex-
port, but much more satisfactory evil
dence of the European demand was that
the shipments from Atlantic cities since
yesterday morning reports were 912,-
1 600, without taking account of the flour,
which was 1000 barrels.
! NEW YORK. Aug. 25.-There was a
pause in the downward movement of
wheat prices to-day, and at the lowest
point of the session there was a rise of
i cents bushel from yesterdays close,
but this was 312c under the highest fig
ure of the year on December
The market started out with the bulls
in control, and there was a spirited
competition for wheat between local
shorts and continental houses Prices
ran up to csc on this bulge, against
93Ac last night but on succeeding
cloud of selling orders in realizing and
for short account, dipped to 961@c, from
/ NAilCiI IL fuse oltcItJy, reaching J0t4C
! in the early afternoon on good all
around buying, led by Chicago.
Local speculation reused into pro-
nounced activity several times during the
day, not only at the opening, but, as was
the case yesterday, there was little or
no feverish excitement in the pit The
/ big bulls who engineered the recent ad-
vance We're all understood to have Sc
cured their profits, and trading devel-
oped in favor of the small operators,
who, likewise friendly to wheat. were
afraid to persist in aggressive actions
Gable news was bearish, with the single
exception of Liverpool, which, after
/ opening Sd lower rallied 1AG1bd, and
then easing off slightly, closed at 215D
| 234d loss from last night. Paris mar
| kets opened and closed lower. the final
| figures being 50 and 30 points off on
wheat, and 65 centimes to / franc lower
on flour. Antwerp was l point lower for
the day. and Berlin unofficially marks
| lower, so that, with the exception of
early foreign breaking and the rally,
| to-days cable news was detrimental to
confidence to the bull side.
| Near the close the market was firmly
inclined by rumors that exporters had
picked up something like 100000 bush
els at New York and outports to-day.
Final figures for the day were 2AG3e
advance over last night. Sentiment after
/ the change was rather partial to the
bull side, on the idea that prices have
had a sharp enough break to shake out
great lot of burdensome long wheat.
allowing the market to rest on healthy
basis again.
! Total transactions to-day We're up
wards of 100000 bushels. At the
close No. ] Northern New York was
quoted nominally 81 09s4 f. 0. b. afloat
The corn market was active and higher
with wheat. gaining 1sq1c for the day.
SAN FRANCISCO. Aug. 25.-At the
regular session of the Call Board this
afternoon December opened at 81 SO,
rose to 81 633s4 and closed at 81 GA bid.
May sold at 81 els.