Omaha daily bee., 1896-10-18
COMMERCIAL AND FINANCIAL
Big Boom in Wheat the Feature Of the
Market
NEARLY FOUR CENTS ADVANCE osTHE DAY
Private CabicErams Report Liverpool
and London wheat Markets EN-
cited Mt the sudden Advance
stocks and Bonds.

CHICAGO oct; 1.-THE price Of Deem
Der wheat closed today at an advance ct
exactly 5-.c over yesterdays rrll figures.
Tie bulge was directly Attributable 20 the
strong foreign markets and was accom-
panied by scenes % excitement seldom
witnessed on the floor. corn and oats
followed in the wake Of wheat. aivaneiug
Ic and 7.c respectively. Provisions Eere
also strong. and closed from lie 10 s-izc
higher.
Tn, seni-excited state Of The vhea; mar
Eet as yesterdays session was coming
20 close was increased this morning Into
a fairly good specimen Of general alarm.
Taa; fear was well grounded. as il turns
out There was not single bushel 10 D.
had for less than l-sc advance On yester-
days closing prices. very little at under
I4c, or l-sc higher than il closed al yestsr-
day for December delivery. The reason for
such a sudden and material rise, follow
clear out from the Official bulletin boards
I The foreign markets led in the scramble e
just as they did on The day before. The
public dispatch from l..NerLoot quoted an
advance there over niCit Of 2;-d per GENITAL.
which Is the equivalent OF 3 Per cushel
/ Private cable grams reported Liverpool and
London wheat markets excited az the ai-
vance already named al the former. and
at nd per quarter rise for carEces at the
| latter place New York wired that for
eiEuers were active buyers there and
claimed that 10 0oatload>-eQual 10 80" g. g
yesterday. With that for a starter the
top prices bid Tor December At the opening
were from I5izc. 20 &c. against !Zisc at the
end Of yesterdays session; The oro@d
lad scarcely got accustomed 10 &c wheat
when further dispatches OF an exciting
! price rose to 747,c. A san Francisco mes
sage said tlat two more steamer caTSoes
! Of wheat had been taken for India, and
I that inquiries were now being made for
sailing vessels 10 take wheat to the same
destination. The significance Of the lat
/ ter point In the dispatch was the indica-
ton 10 gave of the expected long con iuu-
ance OF the Indian REQ lirements- On tor
the. Berlin market excited and marks
! higher, that being equivalent 10 Ssc Per
gu. II IS no veneer JhZt spscu ~, %
| scrambled for wheat. And they did. There
was simply no bear news OF any kind, and
The only chance the anxious shorts had
vas when Spectator. satisfied 9Th tie
! There was plenty OF this done. but every
\ taing vas grabbed At and the price never
| exactly &c above yes te-day's closing. Here
| the realizing increased and was sufficient
h T to5 !n RoG Sf Gi sSsiesi news 70 re
| Ceiyed no attention.
As n wheat 50 It was in corn Foreigner,
! bought i In large quantities The seaboard
! reported sales for export today o. $1,000
hu.. and the dem md here likewise was
good. Nothing b.; the influence OF the
| nuEc crop in this country and the gen
| orally good reports from Argentina and
! ne Danubian countries keeps corn from
! sharing 20 larger extent in the great boom
/ IN wheat As Il was. the prices advanced
/ II per bu. May was wanted AZ PC q. the
! opening. a sc advance. Il Old not s-il
| AZ less than 217sc. and Was very strong
] near the close at Ggisc.
oats shared IN the general strength and
/ enjoyed comparatively large trade, clcs-
| ne a; about the high point OF the sess. lon
i1SIous e" TO- tax p-ofits Nav opeaed az
! from 2li.C 10 2lssc al advance OF &C. and
| gradually sold I'D 10 &c. That vas about
| the closing price
| Provisions. which on the day showed the
| only resistance 10 the cvreral advance u
! prices. fell into line today and made sub
! stantial gains Packers were good buyers
! and Spectators were encouraged by higher
! hog prices and the bulge IN grain. Clos
| ing prices were close TO the TOP. January
/ pork closed S1i=c higher at &lo January
| lard I5c higher az from 81 5Zla 10 - -
| January ribs INC higher, az from S.sI-.
! TO 81
! Estimated receipts for Monday; Wheat
| - cars; corn, - cars; oats, 80 cars. hogs
| lob head.
| The leading futures ranged as follows: