New-York tribune., 1896-10-20
MAKING FORTUNES IN CHICAGO.
WILD EXCITEMENT AND ENORMOUS rh'r 10
REAPED on THE BOARD OF TRADE

MAKING FORTUNES IN tiih>''
WILD EXCITEMENT AND ENORMOUS PROFITS
HEApEp on THE BOARD OF TRADE
Chicago. Oct 19-There was wild wheat
market here to-day but it was only rehec'oh
Of the wild markets abroad. Liverpool mas ho'
sent such advances since the outbreak Vi 'ho
Russo Turkish war. 1t was up equal TO Genus
a bushel on some futures. Paris anu Antwerp
were up equal to 10 certs bushel on certain
months With these rushcs known before .ho
opening here every one prepared for surfing
day. ,..,o,, ,,ch ~
In the midst of scene OF excitement suci %
veteran traders recall only III war times, De
cember wheat openei anywhere from 'o.s ~
10isc after closing officially Saturday al 'osc.
II vas an average three-cent jump 10 pee'' IN t''
day With and in its startling suddenHsss az"
effect IL came like bomb in the board Hon..
cent whea. was missed by quarter Oh S sIns
only the top notch OF the sensatlohai sess,,'
beinv I9slc But the market was not all up"aiui;
1t oseilated between sasnrdaS ;nsn went to T9c
and flashed ali around this point IN a oew'iu .e.
ing assortment Of changes. the Decenipei lu'ste o
broke toward the close the last oi'.oi r,,rd,v.s
ing 1850. but that was l'a-' apo'e """'
closing. 49,, -. hoo,n tho
English cables posted on Change to'o t,e ~, ~
ish crowd that ,ore wheat was wanted Dy s .ns
United Kingdom London Liverpool. Paris ana ana
Berlin contributed their quota or pun ncM, CT
served :he excited crowd 10 tIe nrs p,r on
a three-cent rise at the opening. 1rdueis ~.
both sides OF the market realized IL Was NO. ~
local one. which shown by the plics1 cs ,ong
naming firm in the face Of heavy set'',,5 x, -, nS
lines by holders to get the pront a iei. 40,
the day was that everybody was making 'noi.cs'
Paying business came to the brokers rom or a
coma to Now-Brunswick. T. d. hrinour va a
heavy buyer as well seller. ana ti!ele N" ia
report that john CudIhy sold big lots oi nj III
wheat holdings. but it was not supposed "' '''N
all of his long line. ,,.,oo,i.
market where the opening prices WERE aim ,
five cents above the closing on SatuTuiy; IL
taken evidence oI the strength vi '"' '
western market a., .hoo,
Strong as the dempnd was locally, wneat neat
could only be got when men were iou.iu " ~ ~
were willing to let go and be satisheo WIZ VIII '"e"
profits Fortunes were made In an hVui.
The best prices of the forenoon sho"eu
cents gained Saturdays close FROM III, .ns
top there was a break Of 2ia cents but the curp
showed half Of this recovered. l,ecenipei' WIZ" nn
closed at 1915 cents Saturday, opened from 'o'2
cents to 1913 cents. sold between ''S4 Genus a,,a
I1s cents. and closed regularly al 80 een,s ,t
on the curb the price was up 10 'o7s 'e"''
again. iii, no
| San Francisco's quotations were as wild as
these. up ~ cents per GENITAL at one time ana
/ everything offered Saturday night. at no matter
what prices accepted. There was the same eN,
/ pcrienc, at San Francisco Portland reporter
! two cargoes cleared there Saturday and tne eN-
port cleararces for the week oooooo Dusnels.
| the largest on record one Minneapolis h'lIe'
reported CT, 900 barrels OF -four sold on accept"
ancc5 >...o,,or,
| Tha routine news was bearish. Northwestern
receipts were large. 16i2 cars. against lo'' iast
! wear The visible increase was about as ex-
| pected 2314. 900 bushels. The Increase on pas
! sage was $50 OOo bushels. The English visible
| Increased 56500O bushels. The sample Market
! bad some bcarsh features. No. Spring wheat
dropped to Il. cents under December. increas-
ing the spread The blockade at certain or the
elevators notably Armour's. had some effect IN
,be last hour Armour withdrawing from the
sample market and even selling some cash in
the pit. II was day Of enormous LIQUIDATION.
| nor husheI nroGt and the selling OF this sort
| being the most important so far New-fork re-
ported foreigners selling. New-fork was
se,ler her, on the other hand Armour was
! large buy,r Of December
| on the curb puts on December wheat closed
at - cents: calls at S07s cents