The Wilmington daily Republican. (Wilmington, Del.) 1890-1902, 1897-08-20
WHEAT HAS REACHED
THE DOLLAR MARX.
-Four Hundred Bushels at That Rate Sold
at Baltimore Yesterday.
AND FLOUR HAS GONE UP.
But Wages are Better and Local Dealers
Say the Product is Having Boom.

Wheat In Baltimore has reached 81 q
bushol which marks the realization OF tho
farmers fondest dream through years of
depression and struggle Dollar wheat
has long been regarded as tho certain
augury Of better times and now that 1t has
come, work and wages cannot help but be
on the increase. Aud tho prospects are
Frightening Resorts come from all over
the country that industries are being re.
yised, and in Wilmington like reports arc
given by the manufactures.
OF course the price Of wheat governs that
of flour and during tho past two months
the product has gone up l.05 OH tho bar
rel. At least this is the price the manu-
facturer got. Retail dealers say thoy are
getting 81 more or 81. 25 for the best grades
And they are selling plenty at the price,
which one dealer said was always the case
when wheat is fluctuating so. Even high.
er prices will be the rule before q
week is out. Thore can be no better
evidence of the mechanics OF the
city getting better wages than tho state
ment that -four is selling better than it
Tho price obtained In Baltimore yester-
day for wheat was tho highest prico reach.
ed since February 10. 1892, when it sold
for $1O9 Tho lowest point reached since
then was in August, 1884, when 53h cents
reached in 1895 was 554 cents, and last
year the bottom notch was 59h cents.
The laggard tendency of Southern wheat
Is exciting considerable comment. Tho
heavy and repeated rains OF tho past
month have interfered in q large meas.
ure with threshing and marketing opera
tions but farmers seem to be holding back
their crops. The receipts of wheat yes.
terday were 22, 113 bushels, and few day 8
n
Grain men say that four or five times that
amount should bo coming III daily.
Tho following dispatch tells of the con.
dition of the New York market yesterday:
"Wheat gained 1.S cont in peico ut on Q
time to day, establishing another record
figure for the year, but lost many friends
in SO doing. Conservative traders felt
that news from Europe did not warrant
such Sensational jumps and withheld
their support Tho result was irregular
values ali day, covering wide range of
prices.
BY putting forth all their efforts tho
bulls succeeded in running September. up
to ojA cents or q cents higher than last
nights close. They welo aided by ner.
vousness among shorts and strong news
from the Northwest. Prominent authorl.
ties are now estimating tho spring wheat
in Minnesota and tho Dakotas' crops as
low as 25Q0o 90 bushels.
"a few weeks ago 2J0000,0OO bushel 8
was consi Tered very conservative cs L.
mate ro.day's Information to traders
here claims that thrnshing was late and
the cars untitled, owing to recent heavy
rains, suggesting tho likelihood OF q
smallerper cent, Of the crop grading No,
Northern than for any year since 1898.
The quotations for No. l Northern froe
on hoard aldat, in this market at one time
to- day on tho nominal basis Of q cents
over september, was sl.UlM, and NO : rcd
9JH To Il free un board nllnat, but dollar
wheat in the tladc aCceptanc0 OF the term
refercrs to tho September option in which
most of the trading now centres.
AZ the beat point to-day this option was
only ~ ccnts away from the goal. Should
there br II revival OF European demand for
American wheat Or a decided advance on
the other side. this market would doubt
loss respond quiokly. Everybody on
charge is knyelnr to tho idea Of dollar
September wheat before the end OF tho
month aud bear operators arc too ttmid
too offer determined resistance