New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1897-08-21
WILD TO BUY WHEAT IN CHICAGO.

sprcrr.roRs OF THE BOARD OF TRADE ~
FRENZY OVER THE NEWS FROM EUROPE
Chicago Aug 2O-The wheat market had another
remarkable advance to-day. September closing al
o. cents and December at 92's cents, showing gains
OF 5Is cents and ga cents respectively a sehSa-
tional advance at Liverpool and poor crop Reports
we're responsible for the jump. which was accom-
nsned by scenes OF excitement almost unpaidIIe.eu
on the curb this afternoon September wheat so'a
95a. cents. ,
able conditions and oats closed "a cent h's"e'
Provisions advanced TO 10 cents
Wheat opened with roar al so'2 to S's cents
for SeDtember and from eo. TO 81 cents Tor De-
cember against yesterday closing prices OF -
and s7i cents An active scramble for the rather
limited offerings AT the beginning jumped 'n' P'l'e
TO 81, cents for both september ana De'.ihD.a De
market matters were quite sufficient 10 account iot
the renewal OF the buyine iIen]y VII" VIZ W." "a
number of heavy operators nave uysn @ s.'%'u az az
,n,ar,,ais during the .ast weeks Liverpool was
lhtetNd's 10 ~ 4d higher at the opening not
withstanding yesterdays ~ cents decline mere ana
in the course OF half an hour the iteIpo"i eAvuc-
ment had carried the day rise nP P',in 40 IN tb sd
'ange rron At reports from the Northwest We're cwn
worse than usual. while Beerbohm added iuel'o
the names by cabling predictions OF = wr3t on &C.
court OF the European crop being estlmhteH AZ ~
,,so 0 bushels short OF requirements, win l''"'i-
oJD bushels OF that amount needed rom AinTI''t
Wheat had declined 10 ~ cents iot Sep',mn't % "n
realizing sales but the publication OF such radical
stafements startled the spectators, ana mhd' them
20 - man anxious TO get some wheat The result was
,Let in two hours from the opening December
wheat had risen to 30 cents and september 10 '-'s
ronts while St Louis. Minneapolis and Duluth al
quoted 81 as the price OF cash "L'at lu th'lr r..
sn.ctve markets The reports OF foreign buying ~
ca IN wheat at New YORK were OF a scnsationa.
character. Eyery5hns oiered IN 'ne shape ,. Il
wheat or -four TO London, LiNcrlool. Bristol, nun
or other United Kingdom ports was accepted. and
before noon 10 boatoads. or s~o9 bushels. had
b.en sold for export at New York. The Paris mar
ket was reported about ls cents a bushei over
Tor the dan but for all that orders from there 20
buy wheat futures were heavy, and the demand
from the United kinedom was SAID 10 be immense;
Every house mere with Eng sh connections had
huving orders for December wheat many Of them
to cover previous short sales
Chicago received yS carloads OF wheat. only IL of
them contract and 55 OF the lot were new spring
Minneapolis and Duluth got loS cars. compared
win S7s a year ago. Export clearanccs from At
vance here which finally reached s3ig cents for
both September and December. seemed TO have
paralyzed the cash ttac" "s Only loV" push'4s
were sold for shipment from here. -
The market was erratic toward the close. with
the fluctuations frequent. september was bringing
or cents at the close. and December Was quoted at
in spite of large receipts. good dea OF country
selling and a prospect of mllder weather. corn Was
yance There was n large demand for cash. win a
good export den and. The country selling nad
tendency To create weakhes5 a, se u.,c oS' his
p,sin.ss was heavier than II has been for some
tine Receipts were loo cars. charters were ior
sr9 600 bushels september opened ABOUT = OF
-, h,gh.r nj sis cents sod between - and -.
10 e9is cents resting AT 2sSs 10 .',s cents Inc
NM cl,oue was said to have bought heavily
I'm, ,he market became active as the session adj
vanced and n heavy days business was non, me
bull crowd was large buyer hhy hc,.sS ts do,ne %
influence and With the exception of a brief lnirr-
val OF business early the market ruled strong Rc-
ceipts were eS7 cars. September opened shade