The sun. [volume] (New York [N.Y.]) 1833-1916, 1897-08-12
WHEAT STILL CLIMBING.
VIEW RECORDS YESTERDAY FoR
THIS CROPS DELIYERIES

Europe Ceuttnues BayisG EverythinG In sight,
and = Mouster FIeet sr ships O. on the way
Hers 70 Garry Our Grain Away-The rail-
reads Busy BRINGING 10 to the seaAeard.
A further material advance was made by
wheat prices yesterday. new records for this
crops deliveries being established on the Prod
uce Exchange. The foreign supply and demand
situation continued the essentially bullish fac
tor In the market, but practically all the news
was favorable to the bull side. Stronger and
higher markets were reported abroad, at London,
Liverpool, Paris, and Antwerp.
In the local market the September future ad-
vanced to ssls cents = bushel, this being both
the top and tho closing price OF the day. 1t
compared with SO 3-16 cents, the previous high
record for the year. made on Tuesday. and s5Ss
cents. the closing price the same day. The De
cember future closed at sis cents . bushel.
which was also its highest price for the day, and
which compared with the record OF SO cents on
Tuesday. and $3.50 cents, the close on the same
day. There was a large demand for futures,
some Of It representing foreign orders. Chicago
dispatches reported very heavy buying there
By one arm, whose purchases amounted to
nearly 5000. 900 bushels. Heavy further buy
ing Of cash wheat for export was rumored. The
sales that could be confirmed amounted to
10000 bushels hero and l6o,Ooo bushels at the
outportA.
The market for cash wheat was very strong.
with No. 1 Northern, FREQ on board ahoat,
quoted at 9<To cents q bushel This compares
with e2ls cents on Tuesday. sols cents on the
corresponding day last month, and Sc cents on
the corresponding day last year. Chicago wired
that sales o. No. 2 spring wheat had been made
there at , cents . bushel premium over the DIP
tember future, for shipment to Glasgow. The
September future went TO q premium over De-
cember in the Chicago market. The local stock
there is expected to show a decrease again this
week. and another decrease was predicted In the
visible supply in the United States and Canada
east OF the Rockies, as shown by the weekly
statement due on Monday.
The Governments crop report. issued after
the close OF business on the Exchange on Tues
day, also had some influence upon the market.
as IL announced q reduction OF Az points in
spring wheat condition during July. De-
opatches reported an enormous movement OF
grain in progress on the railroads from all Sec
lions where the harvesters have been at work.
This grain Is in large part moving 10 The sea-
board. 4 Philadelphia despatch said that ad-
vices received there showed that the largest
feet OF vessels that ever left England in bal
last has sailed within a week for the
Delaware BrakewAter and Hampton Roads for
made by Italy. Austria. France. and Egypt,
countries that rarely before have purchased
cereals in the United States. Several charters
have been rTectei at Philadelphia 20 carry
grain to Marseilles, Genoa, Trieste. and Alexan-
driA and other Mediterranean ports. Advices
from st. Louis reported that the stocks OF wheat
there were very small, and that shippers were
at a loss to know how they will be able to Ill
their export sales.