The Portland daily press., 1896-10-27
WHEAT MARKET ABROAD.
Reports From the Various Continental
BOurseS.
THE AMERICAN MARKETS Fol.
LOWED VERY CLOSELY.

Unsettled Fluctuations Have Had a Bad
Effect-slight Rise Noted in American
Markets - London Dealer Expects
to Go Up Shilling More.
London, October 26.-The reports of to-
days grain markets on various CONT
mental bourses, received at the London
office of the United Associated Presses are, ,
Antwerp-The wheat market is inao-
tive, and holders are compelled to ACCEPT
lower bids. Time business is paralyzed
by the wheat fluctuations of the Ameri-
can markets. Corn is easy and very
few buyers.
Paris-Flour opened weaker but
better prices followed.
Berlin-The market opened with a full
number of sellers at lower prices. On
the strength Of the news from America.
the market later became firm.
Budapest-Offers increased at lower
prices.
Amsterdam-Market ia lower. Busi-
ness is confined to the latest conditions.
Marseilles-The market is steady, with
0oo AoodpAo CuduR6s
Odessa-The Danubian and Russian
markets inactivs, nominally very firm.
Sellers refuse to make CONCESSIONS, but
the best opinion is that il there ID a
symptom of decline in any market, ours
will give way. At the close there was q
disposition to sell. Practically dealings
are in state of suspense.
The Domestic Market.
New York, October a6.-The market
here opened firm. December wheat
opened f1vs-eighthe higher and quick ~
advanced one-fourth cont more, being
quoted In the first minutes at ", against
% 5-S at which it closed on Saturday.
May advanced fve-eighths during the
same interval selling at 80 IA against
~ 5-S, at which price it closed on Satur-
day. While the trading was not nota bly,
brisk there was good inquiry.
Chicago, October 26.-Wheat prices
morning, but the trading was very ordi-
nary in character. December wheat
opened from SO 7-8 to 7O1-4. advanced
to II 1-8, but at the expiration OF the first
half hour was back to 70 1-8. sudden
drop from that point to SO IA took place
a few minutes afterward, the break be-
ing as quickly followed by a rally 70
80 3-4.
London. Ootobsr %. an interview
with a representative of the United As
sociated presses today, Mr.. Robert PIN,
a member of one of tho houses doing
business as brokers in Baltic wheat on
the grain exchange, said: "The fall of
half a crown in California wheat in
Liverpool has disorganized the market
and we do not know exactly where we
stand. Until we receive some of the ar
rivals Of wheat which are now due from
California, thus finding actual values,
the markest must be uncertain.
The trade have come to the conclusion
that there is going to be differ ent level
from what they are accustomed to and
better prices. don't think we shall ever
return to the old level. At present we
can take every bit OF California wheat
we can possibly get. and expect an I'M
mediate rise of another shilling. 1t is
not likely that the market will be over
crowded for the next six months.
Let Farmers Wait.
London, October 26.-The Marklane
Express in review of the grain market,
says. 1.-THE rise in the price of wheat Is
justified by the situation. 1t is not speou-
latiye advance. A speculative effort to
bear the market Is on foot. The English
wheat crop did not exceed 10, $50, 600
quarters, tb ough 1t is stated that it
reached, 70, 600. 600. Let all the farmers
take courage. The epoch of over-produc-
tion is on the wane.n