The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1896-10-20
Chicago. Oct. 10.-Wheat-OctOber
10 3-Sc; December, - 3-Sc.
San Francisco, Oct. 1O.-Silver,
65 3-Sc; Saturdays closing. O5 Use.

New York. Oct. l9--Ihere Is apparently
no end TO the sensational Developments
connected with the present bull campaign
in wheat. Today the market eclipsed all
previous efforts by rising perpendicularly
aye at the opening. The jump was at
tended by wild excitement Commission
houses had more than the usual II onaer
OF outside orders, the advance having at
tracted the attention OF the speculative
public Local traders were also eager
buyers, and foreign houses followed suit
The result was an advance OF buying
orders that fairly turned the wheat pit
topsy turvy. The excitement was IN
creased by private cables announcing
Sc advance in Liverpool. with heavy specu-
lative activity. BY noon local transac-
tions had run up to 100000 bushels, ana
for the entire day they reached the total
OF 20.1loo00 bushels.
: The afternoon was marked by tend
ency to take profits on early purchases,
and prices lost cents a bushel. or hall
the local advance closing from 2ss 10 rs
cents net higher than Saturday night
December opened at S55sc. against slS4c
Saturday: sold up to solec ana dropped
back TO siisc. closing at s4fsc- Old traders
said the bulge beat anything they had
seen in years.
Business all over the floor was tempo
rar.iy suspended 10 watch the battle be-
tween the bulls and the bears, while
crowds of spectators in the galleries
showed evidence of the widespread inter-
est now manifested in the wheat market
No failures were reported during chanee
hours Only the hardest float element
dared trust the moves of the market. and
the short interest was reduced to a mini
mum Scalpers jumped in and out of the
market all day taking small losses and
generally reaping good profits Every
body was imbued with the bull fever
Corn and oats and provisions all made
big advances during the forenoon. About
3oo.0o bushels were bought for export az
the close.
Tacoma. Oct Special.-The excite
ment in grain circles continues. Wheat
Jumped cents today. No. / club is quoted
al "A cents.
Portland. Oct. fa-wheat advanced 5
cents per hushel in this city today. The
market opened strong with a heavy adj
vance reported from Liverpool ~ the
first cables. and before 10 O'Clock Nalla
Walla wheat was being taken up IN this
city at 70 cents. second cable threw
more nght on the matter and showed tha,
there were stronger reasons than a mere
<peculaifve feeling for the heavy advance,
for, while 34s sd was bid for Walla Waila
al Liverpool offers OF = higher were made
FOR shipment 10 Calcutta.
A cargo of -four that left here in Sep
over S3oe 90 over what ii cost when il was
set aaoat.
\ rise Of 80 cents per bushel since the
season opened means a gain OF about 81
OF 600 to the growers OF the Northwest.
Buyers in this city have followed the
market VERY closely IN lis advances. and
late this afternoon = cents was paid for
Waua Na.la and NJ cents for Valley, the
highest prices reached IN five years
These pri-es. as well as those prevailing
last week. have loosened up an immense
amount OF wheat. and il Is now rolling
aown TO tide water al lively rate %
cars coming today.
F9our s. also keeping pace Win "heat
IN the upward move and oest graaes ao-
vancai 70 81 per barrel today
I,ondon, Oct. 1s.-The financial eriieie
in tna Times says: The receipt OF tae
cable advtces from America giving the
r,-{rA OF wheat caused a scene almost o1
conservation on the exchange such as -
not usually seen. except IN war Tunes. a
large business vas done. California sell
ing az sss per quarter. Maze ana baTiey
were also in brisk demand The rise aE'-
n.srS 10 he due 70 the sales or American
wheat for India. which frightened me
@osculators great deal Cautious oo-
servers think the rise Of - per quarter or
/ wheat fully discounts the effect OF the ao-
s normal Indian demand.