New-York tribune., 1897-08-19

THE HIGHEST PRICE YET FOR THIS
YEARS CROP
SILVER. ON THE OTHER HAND REACHES THE
LOWEST LEVEL on RECORD-LARGE DEAL


LOWEST LEVEL on RECoRD-LARGE DEAL
INGs on TIE STOCK EXCHANGE
| New record prices for wheat ana SILVER were
made Yesterday. In wheat it was the hish price
for this years crop and in silver it was the lowest
price ever reached. The advance in wheat ana the
drop in silver were both sensational in character
In wheat the chief speculation was in wheat Tor
September delivery. on the New-York Produce
Exchange September wheat touched Nss which
was ~ above the closing price on Iuesday
The closing price was 81, cents which mace 'he
net gain for the day A., cents. The previous hish
price was 92i. cents on Monday. Yesterdays quo
taton for cash wheat" No. ! Northern, was
81 oois or AZ cents above Tuesday. This made
dollar wheat" in New-York
There Is a question as to the real nearing OF the
term dollar wheat" but most operators say there
Is dollar wheat when the most active future Is
selling I'm Chicago at or above 81. Accordingly, 10
have dollar wheat September wheat would have TO
sell I'm Chicago at 81. Yesterdays high price III
Chicago was ssia cents which also the closing
price Cash wheas In New-York sold at 81 and
fraction In October 1896. one month ago 1t sold at
s4a. cents and one year ago it sold at IS cents.
RECEIPTS FALLING OFF.
Wheat in Liverpool up only fractionally but
Paris reported an advance of to cents bushei.
Crop news from the Northwest was the most bull
ish vet Elevator people tolegraphed that they
10 get any contract wheat. II WAS asserted that
the Manitoba prospective crop had dropped from
80 10000 bushels to li.c)0,c1o bushels. Receipts
everywhere showed falling off. Seaboard clear
ances were 5000 bushels. making 100000 bushels
Of wheat and flour cleared in three days.
Yesterdays sales OF wheat to 30 from New-fork
and the outports 40 loads or $4,000 bushels
Most of this wheat was said to be for France
Export sales of corn were nine loads. or 1860
bushels and of oats l2j.O0O bushels.
There is IA good deal of discussion to the size
of the spring wheat crop. which is now maturing
Mr.. Brown. the statistic!an OF the Ncw-fork Prod
uce Exchange, says that the outlook for the wheat
and crops is extremely promising so far az
the figures received ur to date Indicate In regard
to the disparity between the Government estimate
of crop of i5oOoo.oo bushels Of wheat and the
Brown says that the Government estimates during
a series of years have uniformly fallen below the
rants considerable Increase I'm the figures which
IT furnishes Il is imp0SsibIe he says. to tell how
will be. II is not unreasonable to suppose that the
crop will be upward of 100000 bushels more than
the Government estimate, If climatic conditions are
favorable from now on
BIG STORES ON HAND.
J. C. Clifford. OF Chicago who is Interested in
the largest elevator system OH the Burlington and
quincy road in Nebraska. says that with good
weather for ten days the crop of Ne
brAska will probably aggregate two hundred and
fifty million bushels and II good weather prevails
until September IL the yield may reach four hun
dred million bushels, MISUNDERSTANDING that there
this year. almost every crib at the railroad sta
the state viii be found TO have been about Forty
million bushels. The quality of both winter and
spring wheat is exceptionally fine.
John nglis the crop expert. says Of spring
wheat that the thrashng results decidedly dis
appointing He adds. however. that there has been
"A wonderful increase in the area such an Increase
that If the crop had not met with an accident it
would have taken the Northwestern people two
years to haul it out.
INSPECTION CHARGES LOWERED
The Grain Committee of the Produce Exchange.
a. "A result Of the great Increase In the movement
of wheat. has reduced tho charge for inspecting
grain from - to 80 cents thousand bushels
There WAS bad tumble In silver. Commercial
bars fell to 5ls. cents ounce from 5is, on
heavy and accompanied decline OF 3-l6d 10
& s in G@dSa on onday ns FsT2ads o% on srss o
Government assay, bars made the value of the
st sr in h saon esadrs nHGSn Mf4e ssr G
buy silver at any price. The price of Mexican dol
The reaction in stocks came 20 an end Final
prices showed a genera improvement over those
Detroit Gas. "a; Metropoitan Traction. Missouri
Gas 81 the market closed strong The transac-
Urnry Clews said: Dollar wheat means Bryan's |
funeral ana burial in silver casket Alas poor |
Bryan Is even now no more. and We shall never |
"1rf's The si,eamshp 81, Farst Bismarck sailing for Eu-
rope TODAY. Will take out 1900 ounces OF silver |
and 5oom Mexican dollars
4 scat on the Consolidated Stock and Petroleum
Exchange sold Yesterday for 1850. Increase OF |
aimo.' 100 per cont over the last purchase price
WHEAT BRINGS 81 IN PENNSYLVANIA |
Easton Penn. Aug. Is CspcciaD Farmers are |
to-day getting 81 a bushel for wheat delivered at |
the mills AT Martins Creek and along the Bush |
kin Many are holding back for higher prices. |
The crop In this section was a fine one.