The Brunswick times., 1897-08-21
Widest Excitement - in the
Markets By the Sudden
Jump.
PILLSBURY HAD A BRASS BAND.
The Long Expected End Reached at Last.
Traders Riotous in Eff
fort to Buy.

Chicago, Aug, 20.-September wheat
sold on the curb this morning at 9025
cents, the highest point in several
years, and an advance of 278 cents
over yesterdays closing price. Higher
prices at Liverpool, bullish crop esti-
mates from Minneapolis and WIDE
spread damage to crops in Hungary
were the main factors. When the reg
ular trade began on Change the irst
transactions were higher even than on
the curb, the regular market opening
at 901a@905s cents, and jumping full
cent in few minutes to 81 4 cents.
The Liverpool advance, equal to 219
@315 cents per bushel, in spite of the
break here yesterday, tended to make
the pit believe that the foreign situa-
tion was too strong for any opposition
on this side. A reaction of IA cents
ensued to 9O14 cents, in spite of the
excitement. The trade was not large,
although the commission houses were
having hand. A dispatch was shown
around saying that the miIlers are now
paying 81 for wheat at Easton, Pa.
Liverpool cables received here today
recorded rise of 31a@3Ad. over last
nights prices, The dispatches said
that wheat at Minneapolis touched 81.
New York wired that wheat accept
ances by cable are simply enormous,
50 boatlOads being taken for export at
New York and 2S loads at other points,
all for England.
Little or no attention was paid to
the dispatches telling that Paris closed
20 to 80 centimes lower. More attrac-
tion is found in the announcement
that No. l pOrthern wheat sold for
$1O614 at New York, f. o. b. afioat to
English millers. Cable advces were
that the excitement IN Liverpool was
partly due to unsettled weather and
short covering. Cash wheat at Balti
more touched 81. Later reports from
New York said that 10 boatloads
were taken on such news as this.
September option here went to 921@
cents, Jump of over cents a bushel
compared with last nights closing
figures.
Just as the market was closing here
the tickers were telling that G. A.
Pillsbury had marched into the cham
ber Of commerce in Minneapolis at the
head of brass band celebrating the
advent of dollar wheat. Final trading
on the regular board here was at 90
cents for September, or within = cent
of the top price of the day. The tone
at the close was firm.
DOLLAR IN NEW YORK.
New York, Aug. 20.--Wheat opened
amid the greatest excitement at 80 to
4c advance over last night. Septem-
ber sold at the same instant all the
way from 97115 to $50 in different parts
of the pit. Traders were fairly riot
Gus IN their efforts to buy wheat. De-
cember options fully shared the ao-
tivlty of the new delivery and opened
from 9624 to 9738c or 4 to 1870 higher
than last night.
Toward O'Clock September wheat
sold up to 99c amid the shouts of the
crowd.
There was much excitement in the
wheat pit on the Produce Exchange
when September wheat sold at 81.
The strength is due to the talk of
100000 bushels being taken for ex-
port at New York and out ports.
IN MINNEAPOLIS, TOO.
Minneapolis, Aug. 20.-Wheat sold
for 81 a bushel in Minneapolis today.
When September option went to 9Oc,
Charles A. PlllsburY offered 81 spot