The representative. [volume] (St. Paul, Minn.) 1893-1901, 1896-10-21
THE MARKETS..
Is Mark Hanna Boosting the Price
of Wheat or is 1t the Prospect.
i've Election of Bryan?

MINNEAPOLIS CHAMBER OF COMMERCE
Oct 19-It WIS a wild opening en- change this
morning in the wheat pit speculative in.sfes So
excitement long before the opening. Fully a
half hour before the time to open the trade
had been advised of wild markets in LIVERPOOL
London Paris and Berlin. Liverpool was re,
ported to be 3G4d higher per Genital LONDON
Paris 5OdeO centimes higher. 1t was long half
hour for anxious operators to walt Inc pit
vas crowded and at the sound of the gong a
mighty roar from a hundred threats rang out.
The first shot at values was &c above Saturday
another &c was added to the value of December
wheat. At this point free realizing TOOK place
Large quantities were offered p1 1a the "i ha
there slackening of the feVerlsh demand
and values remained iairly steady at or near lc
under the TOP price of the morning. Late cables
advised of easier tone in Liverpool, ana Nv
1880 our market began to RESPOND. and another other
steady up to II O'Clock.
The news of the day very meager. every
body being too busy to swap opinions. LOOK at
the cables, watch the clock, and draw your own
conclusions all that could be said
to be a little over 5000 $50 blu. Wheat passage
increased 1,2So,0Oo blu, which is very small, when
are considered Corn on passage decreased 1oo,-
900 bu. The visible supply is expected to show
l,e0o 900 blu. One dispatch says the troubles in
India not quite Widespread as first re-
ported but sufficiently bad to warrant sitter
The London Times Of this date has a column
editorial, in which 1t says: The EnghSn wheat
harvested in September has had the r2iniest
season in 81 years. and the results have been
disastrous. Where the crops were good they
have been ruined by continuous rains. This
applies not only to wheat, but to barley and
other small grains and potatoes in its agri
cultural column 1t has dispatches from all over
England detailing similar conditions.
December wheat opened at 1850, against l33sc
Saturday. jumped to 7SAc sold down to 775sc,
gained &c, dropped to 771sc firmed up to NC.
sold at 76?sc advanced to 77l1c. lost nc. gained
&c, lost nc, advanced to 77%c sea down to TIC.
gained nc. declined to 76Ac. gained l2c, again
sold at 76A M763sc, and gained &c by noon.
May wheat opened at SIC, against 1Slsc Sat
urday, advanced to S3Ac, sold at S17hc, frmed
up to S2i4c, declined to S1sac advanced to S2Ac,
and by noon held at s2hc.
There good demand for No. l northern
on basis of &c under the December future.
Cash wheat could not keep up to the pace set
by the futures market. Low grades were slow
to move both buyers and sellers being little
ratified to values. Sales made
statement below. Receipts here LOO cars,
and shipments SO
Shortly after II o'clock the market weakened,
because of heavy realizing. The visible in
crease was larger than expected but not large
enough to affect the market. If closing cables
had not shown slight decline. Liverpool closed
very nervous at I'D lower. December wheat
closed at 757s@76c. May wheat at sO7sc, and DC
tober at 751:c.
May-Opening, SIC: highest. S3Ac lowest, Soc
closing today, @asc; closing Saturday, 7Skc.
October-Closing today, 751ec; closing Saturday
72Ac.
December-Opening, 1850; highest 7Sl4c; low
est, 7512c; closing today, 757s@7ec; closing Sat
urday. 1850
On Track-No 1 hard 74c: No 1 northern
7274c; No. northern. 69X @70%c. October oats