Wichita eagle., 1888-10-04
c,,.,oo Grain and Produce.

CHICAGO Oct 2-The feeling developed
In wheat in this market was greatly ex
cited again and more than on sprevlous
DAYS, being one of wild shouting. some
of the oldest operators described To-Day
opening with the exception Of war times
without parallel. Possibly never IN the
history of the trade did the market huctu-
ate so widely as today. Almost the whole
range of the days market, which was &c,
was covered within six minutes from the
opening. This will illustrate the condl-
ton of the market. Prices ran up and
down and at jump with no trade at
intervening figures. When the operat ors
began to buy there was but little to be
had, and when they wanted to sell there
was but little demand to take the wheat.
Today's business shows a marked falling
off as compared with the preceding day,
and the trading was principally in the
way of evening up and settling up trades.
Operators don't care to sell on such
market. as it is too excited to be controll-
ed, and at the same time many operators
would not risk buying at the prices ruling.
Many merchants are advising their Gus
toners to stop making new trades III
wheat, in the present at least, and there is
rapid settling up or evening up of trade.
Some parties who have held to the bull
side were reported today as selling,
though others are holding for higher
prices AS to the opening it was not de-
Bcribable. The first few trades were at
PIC, and &c over the closing figures of
yesterday, and Immediately sold SIC
more In other words, were 215c higher
for December within five minutes after
the opening than the closing figures of yes
terday Prices almost Immediately de-
rlined &c, then. fiuctuated very frequently
within 1c range of the opening for the
day, back to &c, and closed BIC for Octo-
Der, SIC for December and &c higher for
May than the closing figures of yesterday.
Foreign markets were better and higher
and domestic markets decidedly higher
than yesterday Duluth No. l hard sold
10c above Chicago.
The corn pit was the scene of activity
and confusion the entire session; fiuctu-
Rted strong, and the course of the price
was difficult to follow. So exciting was
the pit at times the feeling was greatly
unsettled and at no time since May
has the market been more excited
and unsettled. The trade was mainly in
November. Other futures fluctuated with
in a % cent range. A nervous feeling pre-
vailed regarding this month and some
talk of squeeze was intimated by several
operators which created an active demand
by shorts and evening up prices advanced
sharply. The market was governed entire
ly by local influence, the operations in
wheat having strengthening effect on
price, Opening sales were 1@11lc higher
khor, fhn oil ,.r,o
which the market ruled wide amid the
greatest confusion and prices advanced in
jump of 14@15c until an advance of SC
was reached, when the market receded
almost as quickly, declining 33zc at a
time, closing 119c higher than yester-
day.
The market for oats has at last fallen in
to line and followed the advancing tenden-
cy of other cereals, a substantial advance
being shown in today's range of prices.
Trading in future deliveries was mora act
i've, the demand good and not so much for
the purpose of covering shorts as in the
speculative purposes.
Mess pork was active but unsettled. The
general feeling was stronger and prices
ranged higher early. January received
the most attention and large lots changed
hands frequently. Longs unloaded freely
and the bulk of the buying was to cover
shorts, and opening sales were at 25@30c
advance. January sold up pc more, de-
clined to opening figures, became irregu-
lar and advanced TO previous outside
prices, but the market closed easy at al
most the lowest figures. Lard was mod
.rately active, stronger and higher. Offer
ings were not large and the demand main
iy confined to covering outstanding con-
tracts
The leading futures ranged as follows: