The sun. [volume] (New York [N.Y.]) 1833-1916, 1897-08-11
WHEAT UP CENTS AGAIN.
ENORMOUS CLEARANOES OF WHEAT
SHIPS FOR ABRO1D.

Further Reports OF short Foreign Cropu, ana
on Tep OF All Our own Government Report
Reducing the Estimates or Our Own Crop
since Last Month-smnil Rear Caught.
Wheat advanced Q cents n bushel yesterday
for this crops deliveries, with tho September
future making n new high record for the year.
Tho future sold on the Produce Exchange at
SO 3.16 cents, against Siis cents. the clos
ing price on Monday. and SO cents tho pre-
vious high record for the year, made on
Wednesday Of last week. Part OF tho adj
vance was lost before tho close, which was al
s0Ns cents. Tho strength of the foreign markets
was a leading bullish influence. The purchaans
for export were reported Mt $40, 900 bushels
here ana $1,000 bushels at the outports. There
wcrc also Ia, 900 bushels Of oats and 16o, 600
bushels Of rye taken. The rye was for shipment
TO Germany, and was reported to DO the first
considerable amount sold for export since 1889.
In the Liverpool market wheat futures made
an advance equal to about . cents a bushel. In
the Paris market there was un advance equal to
more than that on some futures. The French
crop adviccs were even more significant than
tho prices. reporting continued deterioration,
with the certainty OF France being compelled to
60 abroad for supplies. 1t was reported that
Hungary would have no wheat for export.
The export clearances from our scaboard were
on an enormous scale, aggrcgating in wheat and
Hour the equivalent of $4,000 bushels and
making the total SO far for the week ! 200, 600
bushels. More than half of the clcarances for
the day were from Baltimore. The decrease an
nounccd by Brddstrcct's in the socallol worlds
visible supply of wheat for the week was 4, 2gS..
600 bushels. double what had been anticipated.
the decrease being almost entirely abroad.
a feature of tho news of the day was the ro-
markablo announcement contained in n cable
despatch from Liverpool that n cargo OF English
home grown wheat had been sold to France. A
Chicago despatch said that cash business there
was embarrassed by lack of supplies. BY the
sharp advance and by tho extraordinary
premium. There was n bid of Ga cents over
September in the Chicago market for q round
lot OF No. 3 red winter, and a little lot Of No, 2
spring wns sold at 81 cents over September.
Byron d. DeWolf. a member OF the Consoli-
dated Stock and Petroleum Exchange, was
caught on the bear side of wheat during the day.
Nine thousand bushels of wheat were bought in
for his account. He has twenty-four hours in
which to settle.
,Statistician J. G.. Brown Of the Produce Ex-
change calculated the following indicated yields
on the basis of the figures OF the Government
crop report: Spring wheat, $50, $4,000 bushels,
against $4,000. 900 bushels. the indicated yield
247 bushels. the amount harvested last year.
Corn: .9T0,337 900 bushels, against 1,937.s31,-
600 bushels indicated n month ago. and 2,2S3.-
$50, l65 bushels harvested last year. AS there was
no report on the condition of winter wheat,
which is assumed to have been all harvested,
taking the indication by last months figures.
the total indicated wheat crop lspring and win
teri is now $50. 322. 900 bushels, against 427yr
6s4,3i6b bushels harvested last year.