Evening star. [volume] (Washington, D.C.) 1854-1972, 1888-10-03

CHICAGO, Oct 3-Yesterday's excited open,ng nm
the board OF trade was as a summer zenhxr to
prairie cyclone. In comparison with the via
whir with which business was begun to-aay-
Everything was strong ana advancing Inc whest
pit was stlll the vortex around winch the chl,f
interest circled ana the Der aud Nav onfions
were the ones which attraeted eyerybodys at
last nights close, and 10 urgent Mas the demand
that fractions no longer cut any ngure In nlArNIng
the current values. cent or two either way w..
nothing 10 those who wanted 20 buy, and they
took every offer that came. December wheat
opened at III and liz, as nearly as the reporters
could approximate IL, out IL al once sold Al ia.
JrNPISG A CENT AT A ROUND
it touched rs inside OF ten minutes Then t
weakened almost as rapidly, failing 10 ia NAV
opened al ll2 and ia and followed the saIIe
course December, going TO lis also aud r,,se,i-
ing 10 ll4k. october sold al ll4 and ll4k, when
the traders Degan 10 take their breath aiuer the
whlrl or excit ment IN December and MAY. Nov
emoer sold al llos ana up 10 ll5k. Al 10 O'Clock,
half hour alter the opening, DeUemUer Ia selling
at lis. Except Tor the extraordinary pressure M
wheat, TIL corn pit would have been lOoked on as
pretty hot aud dangerous place 70 be Ia. The
opening was about one cent higher than yeSter-
days close. october opened at 44A and VERY
quickly touched s5k. November opened at the
sane ngare a c,o ana Jumped 20 4os, where & !. was
Pore opened at 25c. and soc. higher. with
October AZ l525 and January al lsaO. The lat
ter was booming and advanced l0c and l5c. at a
lump, 20 1875 and then reacted 70 1850 Lard
opened loc. higher at e42h Tor January. Short
nos were Soc. nlgher, al BIO Tor OCTOBER and s52
for January.
THE TRADE wEST Wild.
The Daily Nes0s In It's review OF the wheat
market to-day Will say: at was a market such
as many a SPECTATOR In the plt-probably the
majority OF the speculaiors-neyer saw. The
TRADE just simply went crazy. Many OF the large
commission nrInS positively refused 10 trade The
longs reaped a harvest Many of them we're sat-
lsiled with the profits they were making and
picked out their customers and sold. They had
no trouble In dlspOsing Of all the wheat they had
for sale for The crowd picked it up ana cried for
comparatively frm at llo, though Il had pre-
viously held around lis Tor considerable time.
There were up 10 this time no failurts reported
hui The trade momenIaIily expected them"
THE NEW YORK MARKET syhPATHIzEs
NEW YORK, oct. 3-Tne grain markets opened
further radical advance and the New York traders
were all ready 10 pltch In on the sounding OF the
gong. December wheat started at ia as against
Ill last night; wild waving OF hands and taking
In everything that was offered, shortly brought
the price TO ll9k. From this there Was some Dc,
action 70 nay At l2 O'Clock the option stands
at ll6A. 1ne May option, IN which there
was a good deal or business, opened at lls., ad-
vanced TO l20k settled 10 ll1h, aud Is nov llsa..
Corn jumped upward 2Ha3c. 1O-days market ~ss
without the Hutchinson Influence lt ran wild
over the large short Interests here and In Chieago
The Northwestern millers were also standing out.
There were no failures al this Market tut good
deal OF wheat was bought In on account OF parties
Nh0se .pAArglps wsEe pretty uel used W. ine Do
st1on rests wholly upon the ATTITUDE OF the shorts
II they drop out many raders believe that a sharp
reaction Will come about IL Is thought Hutchin-
son rs pretty well out OF his holdings oi cash
wheat