New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1896-10-02
FARM PRODUCTS BOOMING
WHEAT STILL LEADS THE ADVANCE.
THE DECEMBER OPTION GOES ABOVE 20 CENTS
IN CHICAGo-CORN. OATS AND PROvI-
SIO\S FOLLOW AFTER

THE DECEMBER OPTION GOES ABOVE 20 CENTS
IN cHlCAGO-CORN. OATS AND PROvI-
sIONs FOLLOW AFTER.
Chicago oct. (SpeciaD-Wheat to-day got over
10 cents and held fairly well December opened NJ
$50 cents. sold between SIS. cents and 7oi2 cents
ina closed At 692s cents The foreigners were the
leaders again. IA they have been from the time
this l3-cent rally started about three weeks ago
Liverpool confirmed the extraordinary statement of
Wednesday that wheat had been worked from there
10 Calcutta. Public cables confirmed the famine
fears in parts Of India. Liverpool stocks decreased
for the month 55000 bushels. Liverpool prices to-
day were up fully equivalent to the advance at
Chicago. Berlin was up equal 10 Il. cents a bushe
Finally. a single exporting concern-Wiam Bng-
han-took about 100000 bushels spot here to-day for
direct export Seaboard clearances 10000
bushels. making about l250.Op bushels cleared in
two days There immense swell in the
volume OF trade one longer having any reason
TO complain that the public was not in II was
the biggest day since the market started The re-
action toward the close to be wondered at.
There was good deal OF important iiauid"tion'
although there did not appear to be any selling ny
the leading bulls. The Northwest sent some bear
news Milwaukee offered spring wheat quite
freely. The October. which on "Wednesday was
within y OF December. closed II. cents under
Minneapolis and Duluth had Csc cars. against sos
last week and .0S9 last year The
ket good share of the day considerably over
the call figure. 1t finally closed little under
calls.
There was almost as much interest in corn as in
wheat. long-delayed movement in the
grain finally making It's appearance. Strange TO
say. the foreigners started IT, they did in wheat.
The best buying to-day for foreign account.
There pronounced increase in the general
trade. Prices advanced III cents. and closed l
Wednesday, May opened at 25A cents. sold
between 25s. and "a. cents. and closed 26s.
cents, sellers. Receipts not large
pected--5J6 cars. with ii6 cars estimated for to-
morrow. Scahoard clcarances were 4o2 O)0 bushels
Samples up much the futures-1la cents.
The shipping demand good. with charters for
23 900 bushels. The factor the increased trade.
Bartlett-Frazer purchased about 100000 bushels.
further advance is expected unless wheat should
react sharply
Oats got the same sort of help as corn-a decided
Increase in trade. Prices advanced Ia cents and
held most of IL. May sold from 1888 cents to 2o's
cents. and closed at 2oi4 to 2Vas cents Receipts
were 400 cars, with S'3 cars estimated for Friday.
Samples were a cen; to l cent higher. The buying
led by the concerns which were the most ac-
tive buyers Of corn. notably. Bartlett Frazer.
There was good shipping demand with charters
for 5000 bushels Oats are expected TO sell higher
with any increase in speculation.
Under the leadership Of Armours buying there
was sharp advance IN provisions and broaden
Ing cut of the trade. Pork Gle sed 30 cents TO 40
cents over Wednesday,: lard and ribs, 20 cents 10
22I1 cents Armour started the buying. and
did than any other interest Cudahy in
creased his effort October pork. On the
advance the English packers were free sellers OF
ribs. There We're large deliveries CT ribs In the
morning. most OF them going to Armour
on the curb puts on December wheat closed at
s. cents: calls .os cents Puts on May corn
closed at cSss cents; calls at q cents.