New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1897-08-20
Colgate &C.,,
Oldest and largest American
Soap Makers anu Perfumers.
A WHEAT RECORD PRICE.
SEPTEMBER SELLS AS HIGH AS 9Js4
CENTS 4 BUSHEL.


90. cents a bushel, or 11s cents above the
previous record of 945s cents. which was made
on Wednesday. The advantage. however was
! not maintained. The opening price. which was
also the low price OF the day was 1914 cents,
and this price was one cent below the closing
price on Wednesday, There was rapid adj
vance in the afternoon reports OF damage to
spring wheat to the top price. 95a, cents. There
was a reaction at the close to "a cents, or "A
/ cent below the final figure on Monday. There
was great activity in September wheat.
There was less activity but quite as wide
| fluctuations in December wheat The opening
price and also the low price was 92ii cents
which was rs below Wednesdays closing price
| The high price 943s cents. and the hnal
price was 92ai cents. that the net loss for
/ the day was * cents The quotation for cash
wheat" wheat deliverable at once) was, at one
time for No Nor, hern. 81 O1;l, against 81 oo'2
/ or Wednesday, The final quotation was 81,
! which was IA cent below the final price OF 81 o"it
! or Wednesday, Yesterdays sales Of wheat for
/ export were ten loads. or 10000 bushels
ONLY AVAILABLE SURPLUS.
! The United States and Canada possess the
! only available surplus wheat to supply Euro
! mean demands In the latest Beerbohm report
rho estimate Of the European crop is reduced to
1,s ,cO 600 quarters on this basis the total re-
oulrements of the European importing countries
NAV be figured at 47J0000o quarters ''N"''""'-
600 bushels. The United Kingdom II Is es''-
mated will require 22.0O,ouo quarters. France
5000 GEO Germany Belgium ana Hoi'anu -
100000 and Italy S.JDWo while 4'""o""
win 10 reouired by other countries The
Corn Trade News" of Liverpool estimates
tho worlds export surplus at 4l2.Soo,ooo bush
10
36S PIG 600 bushels. 1t rcckons that full aver
age crops will he secured in the Southern Hcm'-
snhere and India next season. The crops no"
hai,,, harvested WILL il says. he ample 10 carry
tbc trade on until next spring. after when prices
viii no Governed by supplies arriving from Ar
gentina India and Australia.
Sales of corn for export were hfty-nNe Ioaus
q, \ew-York and outpOrts The hish price Io'
! Snnten,ber corn on the Nev-Nork produce IN
change was 337s cents hushel Inc 10" pi'''
which was also the closing price was '''is c""'S'
or z. cen, below Wednesdays closing price.
MORE ACTIVE Speculation.
marc active speculation in corn Is looHe"
-, ,orotber with higher prices. Conditions
40 ,,, altopether favorable for this years corr
Gran People who figured out crop OF I'N'"''
| oon oo0 bushels have reduced their esuma'c
| 500 0OOOoU bushels. and say thar u"'eSs w
weather becomes good soon the crop may "
still less 1t is pointed out that there were never
three successive large corn crops anu e.
! were bumper crops" in 1S9' ard iN'". Inv
! nlart is very late and the weather FOR wv" "FeN>
| has been unfavorabe, Corn Is mus car''eu 'o'
| ward "a the chief danger-irost IN 9'Pt'"i'Vi
,,.ho, corn Is in the milk The present estimated
| WELD accordingly, may be cut down ma
T. tho frost reaches the corn. If September Is
oil
poi,road men say il will be blessing If the corn
| crop is cut down this year ~ per cent ol WIZ
il was last year. because the price wouid au-
| o, with corn at the low prices Of last year
| 49,, railroads would have 10 establish low rates
| for hauling IT, and would make little out OF the
! husinese The farmer who last year had 10 sell
If ~ to T. cents bushel on the farm lost
money on the crop With crop cut DOWN w
nor cent the price might rise TO W cents bushei
At the soaboard and it would make the farmers
in the corn belt rich. and the railroads win
tbouo because of the carricd-oVer corn Whlch Is
sold IN he not less than SOo,OD.0'b bushels. II
This wears crop and the carried-oVer crop az
grosate 1000 900 900 bushels, and the farmers
receive 10 cents a bushel more than last year
,ho,, ,,il Ne 5000 0OO 900 better off. Some crop
,,,or,s think the price of corn is likely to Work
NO as rapidly. in proportion, as wheat mas
! gone up. ,..,.o,.os tho. tho
,oraa die,r,hution of money throughout the
great AGRICULTURAL districts owing 10 the shai p
{ advances in the prices OF farm prouucts anu
especially of wheat and corn While sun III tile
hands nj the farmer, assures d great improve
ment in railroad earnings and large ihCreasc
in general trade. \ banker said: In most sea,
sons the railroads have hauled grain eastpouhu
at low rates. and have not mad mucn re, . !, /,
wesibound freight. Now. the great expansion III
the buving power Of the farmer Will, through the
demand for general merchandise sven 'he net
II he
Westbound movement Of iirst-class frelsh'
THE SALE or STOCKS.
There was renewal of sales Of stocks to take
accumulated profits but there were new buyers
IN abundant numbers and the losses in values
v.ara not jmportant The common stock of the
American sugar Refining Company Sugar Trust
in fact reached the highest price at which II
/ ever sold-l-O Some Of the net losses compar-
! ING the final prices with those OF Wednesday
rere. cotton Oil preferred |. Erie first pre-
tered / Hooking Coal and Iron IA Illinois
/ central l. Lake Erie and Western l. Lake Shore
|. Minnesota Iron J. Rubber common l. huooe'
some Of the net advances were: Rrooklyr
Rsnjd Transit IA. Brooklyn Union Gas ~
chicago and Eastern Illinois "a, Consohdated
+ Gas 2 Lackawanna - Reading common l. Read
irg second preferred l. st. Joseph and Crane
Island first preferred |. -,
} rho volume Of dealings in stocks was somewhat
reduced but still speculation was on large soaI'
compared with the fore part Of the year. The
sales for the day the Stock Exchange were
:}2S S4l shares. a., NJ, ~
There was a slight recovery in the price ~
silver Commercial bars advanced one-fourtf
cent TO - cents an ource. ,
The Fourth National Bank YESTERDAY deposlte'
F. in the vaults Of the Clearing House SiNDOn II
gold bringing the total gold on deposit up u
S.fi6Sc GEO
THE NORTHWEST WHEAT CROP
An ESTIMATE THAT IT MAY FALL CLOSE tt
/ ONE HUNDRED MILLION BUSHELS.
MINNEAPOLIS Aug i9-'"The Journal" prints to-da.
the sxtA annual estimate o. II. v Jones. its com
mercial editor o. the spring wheat crop o. tn
Northwest riade after a three weeks Trip through
Minnesota and the Dskotas during which time Mr.
Jones made close personal inspection o, IN