The sun. [volume] (New York [N.Y.]) 1833-1916, 1897-08-22
CASH WHEATSl,13, FLOUR$6
THE RISE IN WHEAT so RAPID THAI
BUYERS HoLD ALOoF.

Flour Has Risen S1.so since July l-No sales
OF Cash wheat Reported Here Yesterday.
Because DuS crs for Export Expect y re-
action 20 Set In soon-BiE sales OF Corn.
Sensational features were present again yes
to-day in the wheat pit at tho Produce Er-
change, and quotations for futures were boost
cd skyward. Cash wheat prices also made an
other jump. and the prices for the coarse grains
corn and oats-and for flour travelled up in
sympathy. Tho -four market was excited,
MS a result Of the advance in wheat, with
spring patents selling at 90 q barrel.
compared with S4.20 at the beginning OF
July. In the case OF wheat 1t was again n rum
away market, with all news construed to favor
the bulls. Similar conditions prevailed In the
other grain markets throughout the country,
and tho day was signalized In Chicago by the
September wheat future there touching the dol.
lar mark. Evidence Of the remarkable condi-
tions governing the situation were the quota
lions for market privileges which came from
Chicago after the closing there. Puts on
September wheat were quoted at o. cents and
calls at $l.14. representing q spread Of 20 cents.
The official close for that future was 09ia cents,
30 that In order to make the call good the
market In Chicago tomorrow will have TO make
an advance of 14la cents. When the market 10
quiet. privileges do not ordinarily range more
than a cent away from tho closing price.
In the pit at the Produce Exchange, where the
brokers deal In contracts for future delivery,
there was an exciting time. Az the opening
September sold, on Simultaneous sales made in
different parts OF the pit, all the way from
$l.ol4 to S1.O2 a bushel. against 99ss
cents. the closing price on Friday. For 9
few minutes trading was very active.
then it subsidized, but extreme nervous.
ness prevailed and the fluctuations were
very radical IN the aYecutinn 0f ANAL nrdara
Toward midday there was another excited spell.
with the price travelling up to $1.05os. The of
hcial closing at noon, after one and one-half
future, which had opened, on simultaneous
sales. At from Sl.O0 70. $l.00at. against 9sk
sinoss the close on Friday closed at noon at
After the official closing, however, there was
September as high as 81 .07. representing an ad.
vance Of l9 cents compared with the official
VIHil"s shs sn clo ss s on Friday .. & Se @SsS S9e% auoss,
tions sympathized with the advance in futures,
going 70 figures which have not been equalled
The yapidity Of the advance. however. re-
suited in buyers holding aloof. SO that the quo
tations were Of q nominal character, and not
made on actual business. Cash wheat. No. l
Northern, free on board afioat. ruled at six cents
saES was asotsd e $l.is a Sashsi. "
reported. In cash corn, the market for which
was excited ana higher; q large business waS
CANtui'"' ho"cNSly f-,Oo ouSuels utInS Ldkeu
for export here and at the outports. Cash oats
were hrmer. with 100000 bushels bought
for export, and cash rye was excited and
higher. In the market for futures, Septem.
Der corn opened. on simultaneous sales, al
35i2 cents to 50 cents a bushel, against 34k
cents at the close on Friday. and advanced to
36l2 cents, which was the closing price of the
day. September oats closed nominally at 24lO
cents q bushel. against % cents at the close on
Friday.
Cable dispatches from Liverpool reported .
further advance IN the market there. Cash
wheat was I'd. to 2led. higher and futures Sd. to
futures 7sd: to lied. higher. The Pari'
advances. In the local market. how
ever, foreign houses, excepting one or two.
were generally sellers OF wheat. There
WIS no special news in regard to foreign or do
mestic crop conditions, although there was much
further talk about the reduction in the spring
wheat crop prospect in the Northwestern States.
Brudstreets announced that the exports Of
wheat and flour for the week from both coasts
OF the United States had aggregated the cN-
ccpiionally heavy total of 5.2ls,o00 bushels,
against 4,46O, 5l9 bushels last week and 2.99l,-
900 bushels in the corresponding week last year.
This total has not been cqualled since July.
and flour have been %. 333. 5l3 bushels. against
1861 Isl bushels in the corresponding period
last year.
The exports of corn for tho week were also
very large, amounting to 3,929,O35 bushels,
against 3,215.0 900 bushels last week and 2, 76a.-
600 bushels in the corresponding week last year.
Since July ] the corn exports have been $685.
1893 bushels. against l1.l42,o07 bushels in the
corresponding period last year.