The Jersey City news. (Jersey City [N.J.]) 1889-1906, 1896-10-21
WHEAT Is LOWER.
Opening Of the Regular
Market Marked BY a
Sharp Break.
FLUCTUATIONS WERE RAPID
Bulls and Bears in All the Big
Grain Centres Have an
Anxious Morning.

= VA.9 --pA AAh 3
NEW YORK, Oct q. as9s-FI fluctuations
in the price OF y<eat were again zhis
morning Of a sensational nature. on me
curb at the Produce Exchange before the
epening ef the market the nees thst fEs
4-sverp9el market had recovered rs les4
81 "a, yesterday, ana vas AGAIN at tsle
highest point sent quotations SOARING.
ae December fufurs or the cufb aa1
Ysnesd y s5A cents against SIS mrs.
Hiea Nas yesterday dosing psieel ils
Tae s1aer sle
en Tie great saTafacsss s-is cents mate
on Aenaay. Early cable aeviess shoMed
that fae Continental markets were asa
higher.
There was much excitement Oh the
curb, and It looked for time as Il fhs
pqeln Eeaid be continued when the res
aislE market opened at 1890 'eIecA. Be-
hoFe that tiiae aeysever, the buying power
vas exhausted. and befara the opening.
q7l95asSons seeiifled on tae curb Hnees
isige pFoiit-taking sales for Iofsg 49,
counts.
2ne result vas sharp break when the
regular opening occurred s5ss ~
appeared to be flied vita seiline o.
tae opening transactions Il 434e
@,,-9s "a Lure were made sifatl li1zae-
S4s.S 49, az az the way from S4.2e 5sosn 10
5se., TesTeseating fleelirss s-'A~s,.s+G57
Ntst ses1eH1tssgs s ctoEe Of 7c to 1ze sr%
r,,o9rs59ts. 4 e9i si1s nls1 point ef this
me EEsDsactiCns we're steaYs ana -
ts45ssa eg .coasisisEa9ie excitement
rapid. wiz ~ $50, 8eFe very
esssiy fel!cneG s4e bur laees raIissa Il
~, l1s' . ana 81 s. u oeioek 5he ruiiag daota-
-, Corn ana oats were both aaseted By
rs L.s hleak ~ wheat with the l9aeelsil,er
S57zc 5yssss-1,...t9y se4lt5ls q sse against
tseIveea II O'Clock Saa9 NOON there was
sWs5ltlnee4 ~ large legislation os wiisat ia
ssa tytaA haI keis me low poinE II the
morning 1er the Hseemher fut{ire-s c.
was reached at about I1:s5 4 reareserfal
q decline from the high point rescaa5 ~
lAe euro this morning Of saa II room
tne ruslns quotation vac ss9se Tae Se-
s.s e9F4 tas15s sei1 before nosn
s54e 81 and the December oats future AZ
Besides the weaker tendency of ths
- ,s, Nss nc sxpeelaro1 taat zae
weekly statement of aEsiiabse stocks -
ae lssaea by EfaasFHeetss would slld
very heavy iEereass IN tne sa-eal1ad
WoTlG.s supply of wheat essi457azss -
ssTna at over 400o.91a busfels rss 81
Increase 2 week ago q s.s@ 80a
EoEver ia ESzunenpelzs.
MINNEAPOLIS, MiHn., Oct M 1885,
The hgars had deesdsaly THE bas of
on ,g,hanga 5his nonsng Nhea epsnsa
lover, ard a5 9.s9 2lc bssoFs
iast nish1s ciase ThsEe was 30 excite
ment aFd but light 9sfeEiags
EsearA BEaa tEse Reae OF
CHICAGO. Oct. q, 1s9s-A furry, IN
whF Fh the bulls came out second best
took place at the opening Of the wrheat
market today, the excitement attendant
upon the trade running quite as high as
on any occasion since the stirring seenas
began. Even before the regular market
opened the curb OF ''0pen Board trads .
ing was marked by nervousness. Decem-
Der was mp 10 ~ IS and down to 7Sss ths
lowest figure being ducteIa when Ine iesi-
innate operations started A Hsnld siia-
ing scale was Immediately inaigurated.
the eption mentioned dropping 10 lf-
sfter v-hieh there was pause, vita
restless updertone preEi75isags FHe decline
was clearly the rseIsit OF foreign iif0f1fere
ence. Liverpool was %. higher. bat t1ar
advance was not considered in keeping
with the anxiesy sasa to exist a2rcaf-
importance was at5aehed to tae s9naf-
ent lulzeyyarnHess q san e'rancssces
where the boom appeared 70 have seen
checked. This absence CT 4 s1ort Interest
of any material prosfgrtAoa7 permits
prices 70 slump e4sAy, as lhs asmaae -
cover pTea5ons sales tnen eeeaInes con
spicuous by It's iasi gniAesnce. The NoglI-
west receipts this nz9raiag were t09 catS
heavisr than On last Wednesday ana i
less fhan en- tls eorres 5aeag cay
vesr ago. Chieseo oTenisn ths estimate
bF 81 cars. At lhe ED 81 the ngsr Ae5r
hour Of tie session further weakness as
sailed prices ARA Dsesgn5er Hsii o5l 20
vbsre Il rested I7sc. uGler yesseraay ;
close.
Rapid'y vanishing profits very seem
forced selling ay s5na at me. prem. siseft1
winners on the recent advances syTzA-
fnigers were obliged fe disrOss Of sase
Quantities bought ON gains made euranE
the past few we Tor q t1e as
reared as though the break Ye524a ns Is
S;sastrolis IS any which suceee5e1 tae
snanipulatioa rnanoeityFas Of the cia z5Izlas
corners, but. - ana aEouad put pTee t3'
the e5emand became strong and q uarsi g!
rally look place. December HolGing "a !
the neighborhaod OF 75e., S-Sc. Gnd
yesterdays close.