New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1897-08-13
PRICE THREE CENTS.
NEARING THE DOLLAR MARK
CASH WHEAT QUOTED AT o6 CENTS A
BUSHEL.
ANOTHER RECORD FOR LARGE DEALINGS IN
sTocKs-sALEs FOOT Up 1926 SHARES
ADVANCES ~ THE MARKET.


srocKs-sALEs FOOT Up 1926 SHARES
ADVANCES ~ THE MARKET
1t looks as If cash wheat" (wheat for imme-
date delivery would be selling at 81 bushel
In New-York before long. The chief dealings
however are in September wheat Cwheat dev-
cradle IN Septembe) and in December wheat.
The quotation yesterday for cash wheat No. I
Northern. was 90 cents a bushel which was an
advance Of lss cents from Wednesday. The
price of cash wheat one month ago was S0la
cents and one year ago 1t was Gl+ cents. Yes
terdays high price for September wheat on the
New-York Produce Exchange was 90s. cents.
or 2la cents above Mondays closing price The
last sales of the day wc.e AT sos. cents so that
the net gain for the day was IL cents The net
advance in December wheat was also IL cents
The export sales were only three loads Of 5000
bushels each at the outports. St Louis reported
a continuance Of the export demand with diff
Guilty in obtaining wheat already bought for
shipment. Most Of the offerings Of winter wheat
in the Southwest are going by the Gulf ports.
Information from trustworthy sources leads 10
the belief that the Government estimate is not
very far below what the actual yield will be.
Corn WAS active and higher, with d good
speculative demand stimulated in a great meas
ure by the advance in wheat well 10y the
chance of frosts before maturity of the crop. a
large portion Of which is still late The chances
are all against a realization OF the Government
estimate.
The record for heavy dealings in stocks on the
New-York Stock Exchange since the enormous
transactions in the Venezuelan panic in Decem-
Der, 1895, again broken yesterday when the
sales footed. up 1926 shares. The previous
record sales were 734,5Gi shares August 9.
In individual stocks the largest dealings were in
American Sugar. 65, 1870 shares; 81. Paul. Union
Pacific, 56,2G5; Chicago Grea, Western. 3i.9iD
shares; Northern Pacific preferred, 3l,13l; Bur
lington and Quincy. 31.5l0 shares; A;chison pre-
ferred, 276S9 shares; Chicago Gas, - I9O shares.
Net advances in some Of the leading stocks.
comparing the closing prices with those of
Central Pacific "a: Columbus Hooking Valley
and Toledo IA Great Northern preferred. Pa,
Laclede Gas preferred, :;f Mobile and Ohio.
:l2: National Lnseed OH. Be; Norfolk and
Western preferred. II: Northwest preferred.
|; Pacific Mail. IL; Texas Pacific I; Union
Pacific J, Denver and Gulf 2is, Rubber COM
mon - Rubber preferred, IA Wheeling and
Lake Eria preferred. IA.
Tho great incr4as, ia business in the stock
market is compelling the clerks in the brokers'
Offices to work until far into the night. IN
many Of the Offices they work. until ~ and II
O'Clock Good clerks are now in demand in
Wall Street.
The decline in exchange has been checked
by the irmer rates for money abroad. Gold
imports are not To- be looked for az present IN
these conditions but gold viii probably come
this way next month. Commercial bills are
increasing in supply Money rates here will |
have 10 advance before much gold is shipped
from Europe to the United states.
The ReorganiZa ion Committee contemplates
no change in the Union Pacific Railway reor-
saniZation pan. ~ financial arrangements
have been made with reference to the plan az
arranged. and it is stated that it would be i'm
possible 70 go ahead If the plan were essen
tally modified. unless it should be rearranged
throughout The date Of sale of the property
will probably be announced in few DAYS.
The Consolidation Committee Of the Chicago
Gas Companies held its final meeting in New
York yesterday. II closed ~ its affairs and
transferred the business Of the Chicago Gas
Companies to the directors Of tho PEOPLES Gas
Light and Coke COMPANY of Chicago. the now
consolidated company. The committee then
ceased 10 exist The directors OF the Peoples
Gas Light ard Coke Company subsequently con-
vcned for their first meeting. and transacted
some detail business