The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1897-08-21
SCENE OF ACTIVITY
Not EqualIed Since the Days Of
"Old Hutch"
TWAS NOT ONLY A CHICAGO BULGE.
In Many Places wheat Passcd tho
Dollar Mark - Mysterious Hull
Clique Headed by Veteran.

Chicago, August 20. = Wheat scored a
ket In the world with the exception OF
Paris. During the regular session OF the
Chicago board Of trade September gained
8 Use and December s s-Sc. On the curb
after regular hours another advance OF Sc
was made, September selling freely at use.
The wheat pin on change today presented
a scene Of activity the like Of which has
not been Witnessed since the palmy days
Of d. p Hutchinson, Familiarity known as
"Olc Hutch" The exact opposite Of Ed
cartridges raid in 1891 was in progress.
That plunger began his operations on the
short side Of the maj ket during the spring
OF 1891 and forced the price from In Tie sos
TO 52c Today's advances place wheat on
the ground occupied before that raid and
IN a position for even further appreciation.
The advance today was by no means mere
ly Chicago bulge. Liverpool started II,
the English markets showing a gain equiv
alent to 41-2@43-4c per bushel. Every
American market followed the example.
New York gaining 8 $50, st. Louis ic
anu luc NOTtuWtStfu kStS ut. iuS
strength Of the English markets was at
tributabe TO unsettled weather and cover
ing by shorts. The official report or the
Hungarian crop, showing ii the smallest in
ten years, might have had some influence.
Beerbohm, the noted English statistirtan,
estimated European necessities at SSi .ooo,-
900 bushels, with lS5. 000, 900 bushels Of that
amount required from America. Cash
wheat In meet of the American markets
passed the dollar mark. That VAS the case
at Minneapolis, New York. Buffalo. Bal
timore and St. Louis. The cash premiums
here even increased to Sc over the Scptein-
Der option. The Liverpool advance being
made ahead g! the AmeIic lean, the English
traders were quick to accept sure
thing and quietly absorbed all cable Of
ferings at last nights figures. New York
put the export engagements there at 100
boatloads, but this figure was regarded as
much too low, Lack OF available wheat
here made II impossible to do much cash
business and only one lot of 10000 bushels
was reported sold. Atlantic clearances
were extremely large and the total for the
week OF 100000 bushels, reported just
after the close, caused further advance
Of Sc. A few sales OF September were made
on the curb Mt 90 l-Sc and the trade was
| quite free around 9Sc.
with fluctuations so wide, spectators
necessarily limited their operations. 1t
| was UiR market only IN the sense tnat
| every one took part The mysterious bull
] clique" whose operations in the July cp-
| ton were very prominent, continue to be
the center OF discussion. Their operations
| day after day have made ii plain that a
| veteran IL at the helm. but his identity has
| thus far been kept from the public. Joseph
| Letter, we'll known local capitalist, Il
| said to be heavily interested in the deal,
| and well known car builder ~ supposed
/ ,nd hap In hp raj L..
| though PartridSes operations have not
| been eclipsed the combine is now said to
| be long 20 600 900 bushels Of grain. nearly
| half the entire amount being December
corn Profits, II Is said, have already
teon accepted amounting TO over s2,o0o.O 600
| The campaign IN corn Is being pushed Wig
orously and prices today advanced ehont
| 1c with further gain OF i2c after the
| regular close. Oats were aided also by tho
hull crowd and gained nearly lc. Proyis-
tons were not favored by rool operations
and gained only SAL 1-2c.