The times. [volume] (Richmond, Va.) 1890-1903, 1897-08-21
One DOLLAR PER BUSHEL.
Wheat Reaches This Mark in the EaSl
and West.
The PRICE WILL GO STILL HIGHER.
Great Excitement aud Cheering on tno
floor Of the Exchange when the
Dollar Mark Was Reached.
scenes in Minneapolis.

to-day September wheat In the loe@i
market reached the long-talked-ot goal
of one dollar per busheL Na'uIaNy
enoypb the incident created a remen-
dous sensation on the hoor OF the eA-
change. and was greeted With proIohs'u
cheers from half thousand lh'VA'a'
beiug re-ecn0ed from the crowded gar
l.~t.s several tiues during the early
afternoon the bulls snapped the price
within 5-S OF the desired mark, but a
return wave Of selling orders each time
swept Il back again. The final and sue
ce.-ful eN0fti was made under the i'm
pulse OF export rumors, reporting enor-
nous figures. September was around
g98-s when the export news was wills
pered about, and az once danced upward
In response 10 excited local buying.
HIGHER AND HIGHER
Higher and higher 10 whirled, watched
bv everybody ON the moor until the big
black finger on the record dial pumped
fairly on the even figure and dollar
wheat i'm New York. was an accom-
plshed fact.
Now that the bulls have attained their
boast. they are as far as ever from be-
ing satisfied. and claim that the wave
of bull sentiment, which mas spread
like fire an over the country, will carry
the price here TO at least So per Dushel
and perhaps even higher.
That dollar wheat is already thing
Of the past, was demonstrated on the
late curb. when further clamorous de-
mands from high strong local shorts
raised the price to 10 1-2, or a cent above
advancing official close.
THE ONE DOLLAR SALES.
About $1,000 bushels Of wheat changed
hands az 81 this afternoon. From the
very outset today local dealings were
marked by great excitement everybody
felt that the dollar wheat was I'm the air,
and while there were occasional let-ups
when traders unloaded jobs of wheat
on which there was a good profit, they
were invariably followed by general
tightening of values on fresh waves OF
reckless buying. The crowd, being keyed
up to a high pitch of excitement eager
~ swallowed the widest sort OF bun
news. such as would be ordinarily reject
od. The English market was mp I'm the
air, keeping free pace with our advance.
The closing prices were top for the day,
and 33-40l1-i higher than last night.
French markets. on the other hand held
back. and showed practically no response
10 tine extraordinary strength I'm other
markets. Private cables credited the
English advance to rainy weather and
excited covering by shorts.
ERRATIC FLUCTUATIONS.
Throughout the day auctuations were
very erratic at times leaving 1-2c. be-
tween sales The talent was considerably
amused over the stories OF the enormous
profits being made. Cash wheat was
normally worth $l06 ID for No. ! North
ern anoat, and No. red, SL0i l-2.
Sixty-four and seven-eighth cents was
tho price for the former year ago, and
CS 3-S FOR the latter at same date; GO 3-S
for September, and 65-S December.
Bullish spring wheat news was an im-
portant factor i'm the advance all day
just as it was yesterday.
The full range on september to-day
was from 91c. 10 81. the close being 90 3-8
December opened at 96 3-iQ97 3-s sold of
10 96, and closed at 9S If. Total transac-
tions were S35500O bushels.
Export sales wero is loads here. and
putports, including three cargoos FOR
France.
TIE WESTERN MARKET.
AiINNEAPOL1S. MINI. August %
Cash whcatg to-day sold al dollar in
Minneapolis tho first time since the
summer OF $500.
Predictions to-day were that futures
would follow with a few days, I'm View
OF the advance OF &C.. to-day. ON the
Chamber Of Commerce floor there was "A
shout Of expectancy from tho pit as the
price appeared at a dollar.
The market was strong. opening Sc.
higher than yesterdays close, supported
by strong foreign news ana bulllsh
Northwest reports.
MARTIAL MUSIC.
The price Of cash wheat had just pass
cd the dollar point when from down the
hallway came the sound Of martial music.
There was a rush for the door, and the
crowd broke into a cheer as up the
corridor came G. \. Pnlsbury at the head
OF a band OF music, which was pounding
out a dollar memorial march. Mr.. Pills
hurry led his band through the doorway
and onto the floor. while hats went mp
and cheers proclaimed the entire satis-
faction with which a majority received |
tho news Of dollar wheat
THE MARKET WHIRLED.
The market whirled away. and very few |
attempted 20 keep up with IT. The ad- |
vance was steady from the opening. AT |
one time over six cents gain from yester- |
dav was realized and September wheat !
closed I'm Minneapolis rs higher than |
yesterday. and December closed full |
6 cents higher
September wheat opened 31-4 cents |
higher this morning at sS l-2, dropped 70 4
IS cents and advanced 10 9l - cents, I
closing at 0i is cents. against s. ii yes
terday, December opened at So. and |
closed at a0Q9O us, against 81 yesterday.
IN SAN FRANCISCO.
SAN FRANCISCO. August 20.-Tntense |
excitement prevailed In the local wheat |
market to-day. and options advanced |
with great leaps. December opened at
160 reccded for a moment. and closed at /
100 SIS. After the call there was an ad- /
vance 10 l6l l-2. an hour later It rose TO |
is3. but al HIS there were large sales 10 |
secure profits and prices had a sharp |
decline. May opened at 100, and closed at
l6l 81.
The September opened at isi. and
closed at is3 is. while May opened al
i62, and closed AZ i6i l-2.
ST. LOUIS MARKET.
ST. LOUIS MO. August 20-Cash
wheat sold for 81 a bushel on s?mple to-
dav. The ONLY car load sold at riat price
came from SedgewiCk county, Kan n
was choice grade. and was bought for |
seeding purposes. Dollar wheat cut
figure i'm the trading a second time on the
call. When 5000 bushels OF May sold AZ
that price IL was bought by the ID. R.
Francis Commission Company from G.. $.
Albers. It was the first option trade made
at the price IN six years
September and December again broke
an records to-day and got within hailing |
distance OF the dollar mark. December
opened at % and % SIC. over Thursdays