The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1896-10-30
Sam Francisco Board.
Wheat Jumps Up

CHICAGO, Oct. 29.-lt was a fever
ish day with wheat traders on change,
and price changes were frequent and
vigorous. the gain at one time being
21sc per bushel. The cable news added
to the enthusiasm this morning, Liver
pool being quoted at an advance of
11ad. Other cable messages from that
place referred TO the big business done
yesterday in California wheat for En-
gland account. Seven cargoes in all
were taken, five of them for Australia
and one each for Calcutta and the
Cape. In addition to the English adj
vices, news came from New York that
both English and continental were
buyers of wheat. Added to these re-
ports were kilograms stating that the
northwest markets were stronger even
than those of Chicago and st. Louis.
But at noon New York reported a
tremendous appreciation in the price
of money, together with statistics from
Minneapolis and Duluth, showing an
increase in rates there. Consequently
wheat was for sale, and the price
broke cents from the earlier figures.
A return of the money scare seized the
crowd, however, and another reaction
took place. When the bell rang at the
close of the days business the net
gain in the principal cereal had been
about cent over yesterdays figures.
The market was lively enough to suit
the most rabid SPECTATORS. The clos
ing price for the December option was
71B.
CHICAGO, Oct. 2s.-The shorts" in
wheat received a twist this morning
and probably a greater one than they
believed it possible could be given.
Within ten minutes after the bell
tapped for the opening, cents were
added to prices as quoted at the close
yesterday. The secret of the boom Law
in the prominence given European or
ders in this and seaboard markets. The
amount bought on these orders was not
very large, but it had an effect ON the
sentiment, which prompted buying bv
local operators. Liverpool opening
cables were ia higher nlch auNaf :
scarcely compensated for the rise which
took place here yesterday The north
west movement continues heavy. 1.221
cars arriving this morning, against
1,090 last Thursday and 1,136 a year
ago. Chicago received 173, cars and in
spected out 94,607 bushels. The Cincin-
matt Price Current gave an encourage
ing view of the situation. The string
ent market at New York caused a
sharp break in prices about the middle
OF the session, subsequent to which a
nervous, unsettled feeling prevailed.
Closing Liverpool cables were 2Ad
higher and continental quotations were
up. Export cledrances were liberal at
422,791 bushels. December wheat opened
from 71ss to 72, sold between 1874 and
71iz, closing at 71B, H61 higher than
! yesterday. Estimated receipts for to-
morrow, 165 cars.
Oats-In recognition of the bullish ac-
ton of wheat, oats advanced a trifle.
/ There was no appearance of indie
pendent strength and at reactive per-
iods of the leading market an easier
I feeling was exhibited. Receipts were
S0S cars and 6,223 bushels were taken
from stock. Exports were 2,5S5 bushels.
May oats closed a shade lower EST
mated receipts for tomorrow, 365 cars
Provisions-The situation in product
was such that important advances or
declines were impossible. There was
no inclination to sell short, and yet
nothing in the information warranted
I purchases. The hog market was easy,
which was the principal consideration.
At the close, January pork was I'M
4 changed, January lard lower and
January ribs 215G5 lower.
Closing prices:
wheat-Oct, SOS; December, 717s;
May, 765s.
Corn-october, 2Sss @2sK; December,
/ 4ss@2lss. May, 2S1l @2Sss.
Oats-October, 171k; December, 1SA /;
May. Ply
Pork-December, $50; January, 7.so
Lard-December, 4.25; January, Abs.
Ribs-December. $50; January, 3.S7ia.
wheat Goes Up.
SAN FRANCISCO, Oct. 2s-wheat
scored another advance today and the
| transactions were the largest since the
previous activity and there was a
strong and confident tone TO dealings
which the market has not since pos
sessed up to today. At the early morn
ing call December opened at 1.3555 and
rose to 1.3e%. May opened at LAO and
rose to 1.401s, closing at 1.a0ss. At 1915
December opened at 1861 and closed
of 1.371k. May opened at 1.40A and
rose to 1.zl1s. at which price it closed
At lI:15 the advance continued and
under heavy purchase December opened
al 1.571s and rose to l.3s11s, closing at