Bismarck weekly tribune., 1888-10-05
PUTS AND CALLS.
The Local Market as Viewed From
the Galleries of the Chamber
Of Commerce.
Exciting Scenes on Bismarck's Board
Of Trade During the Great
Wheat Boom.
The Baptist Festival and Oyster Sup
per a Great Success-Other
Local News.
The wheat Boom in Bismarck


In this season Of booming markets, when
wheat is king and its owners are doing the
grand Croesus act with great eclat, it be-
hooves the local newspaper man to be
abreast of the times. He should know all
about squeezing the shorts" and lenght-
ening the squeeze, he should know how to
realize on the "longs" or dance with the
bears, and in dealing with the bulls should
have long financial stick with sharp
silver brad in the business end.
On Thursday the small fry in Chicago
did a little rustling in the wheat pits, a
man named Huschinson acting as master
of ceremonies. The bulls performed to the
entire satisfaction of the audience, although
many present are complaining that they
paid too dearly for their seats. With a
view to ascertaining the effect of the adj
vance of 81 cents III Chicago on the Bis
marck market the TRIBUNE scribe strobe
forth with his board-of-trade stride yester-
day morning and loosening his joints that
| they might assume their regular put and
call activity dashed into the chamber of
commerce building and listened to the
maddened bulls. just why they were mad
could not at first be ascertained. but when
man yelled "extra red 80 and red winter
85E' it was all made clear. loo much red
excited the bulls and they were driving the
dark cinnamon and Glove eating bears from
| the building.
The market opened easy. the door of the
building being loose on its hinges, and for
several minutes there was little demand
for grain except in liquid form. How
eyer, as soon as the reports from Liverpool,
Honolulu. Tiperary, NIenoken and other
for the better. Shorts sold at the usual
price, but the miller had been careless in
grinding and there was some complaint.
Ihe longs appeared at ease, Harvey Harris,
Oscar Rea, Major Skeels and other gen
tlemen over SIX feet in height lounging
carelessly against the center pillar, the
polished marble sides of which shone re.
splendent in the morning sun.
IL was evident at noon that while Hut
Crimson lin Chicago they say "Old Hutch'')
held large amount Of long he was not
much on short and when the squeeze came
it made him hustle to meet the calls. Cap
tain Baker was a lively bidder for De-
cember, although it is asserted that he will
not take the decisive step until January,
when orange blossoms will be III steady
demand. The captain was doing vast
amount of buying and was considered one
Of the most active bulls in the market
until J. s. Hillyer, the veteran bull of the
board, came whooping and snorting into
the pit and September" shot up to 80.
The busy little ticker 1--WE came pretty
nearly forgetting the "busy little ticker'')
continued to bring in strengthening re-
ports from Liverpool and early in the af-
ternoon E. H. BLY,, who had been successful
in holding a large amount of shorts, un-
loaded and called for another stack of
chips while the happy Richards smiled
several times and then took checks.
It was great day for wheat in Bismarck.
When Colonel Little appeared upon the
scene he created CONSERVATION by stating
that he had unloaded all his September
calls and he too was among the shorts. He
was short large number. General Hughes
paid little attention to December, but
created boom by bidding high for No
vember, and November delivery was eager
y sought for by Neal, Donnelly, Williams,
Hollembaek and the other politicians on
the board.
All in all it was a lively day and closed
with strong and healthy market.
Visible supply-1,000 gallons.
In transit 800 gills Counting gill to a
drink).
Money easy-but hard to get.