River Falls journal. [volume] (River Falls, Pierce County, Wis.) 1872-2019, 1896-10-22
FURRY I'M WHEAT.
An Advance Il aty-Five Cents a
Bushei L. Frisco since October L.


An Advance Il aty-Five Cents a
sushei IL Frisco since October 1.
san Francisco, Oct. l7.-Friday was
the banner day of the present wheat
boom. On the regular morning call De-
eember was forced TO S1.4lH, an adj
vance of over seven cents on the best
price obtained Thursday for the same
option, and an advance of IL cents
since October /, when the best figure
obtainable for December was $1.24M.
The advance in Nay was even greater
than December, the regular session FIR
day morning bringing it up TO sl.44H.
against $l.364 as the best price obtain
able Thursday. At the afternoon scs-
sion December again gained three-quar-
tiers over the best morning prices, hut
subsequently dropped to si.40 May
gained three-eighths also over morning
prices, but closed at St.42H.
Chicago, Oct. 17.-Wheat made de-
cided gain Friday and closed at an adj
vance of ia over the close the day be-
fore. 1t was a broader market than
usual, and, while there were frequent
reactions, the trend was upward. Ii
got its inspiration largely from the for
eign situation; cables came higher, the
English markets especially showing
increasing strength and excitement.
The Indian situation. SO far as the
wheat crop is concerned, seems to be
growing in seriousness, and shipments
from Liverpool to India are talked of,
while more purchases for that destiua-
ton are reported at San Francisco. The
market Friday reached the highest
point yet touched this year. December
wheat opened excited and unsettled at
71h cents to 7i% cents. or cent to / z
cents above the close the day before,
fell to 7lA cents. up to y cents, off TO
71H cents, then to 72A cents, closing at
72h cents. May sold at 755s cents to
rex cents.
San Francisco, Oct. 10. Saturday
was another exciting day on the floor of
the produce exchange. wheat taking q
further upward jump OF eight points.
The market was very excited and bid
ding brisk. The first session of the call
board closed steady. December wheat,
which closed Friday at 81. 80 per central.
opened Saturday morning at Sl.47h,
iOANhtb Ri.ro anu NiOSCN Gb GA.TbI4s
May wheat, which closed Friday at
$l.42M. opened Saturday morning at
$3.50 and closed at s1.49% at the end OF
the first session.
Chicago, Oct. 19.-Such wild open
ing of the wheat market as took place
Saturday morning has not been wit
messed in many months trade in the
active speculative acknowledgements
being over half cent range and at an
advance of from 1as TO 1A of a cent
over Fridays close. 1t was quite evil
dent that the market was a self-asser-
tive one, depending on no individual
or clique for help. and going beyond
the control of manipulation, II any
there has been. Foreign influences
and crop deficiencies rule the stun
ton. During the last half hour the
market became a runaway affair,
everybody buying and bidding for
wheat, and rushing prices up from 749.
to 1914 for December. The frenzy last.
cd until the close, which was at re-
cession from the outside, but with a
net gain for the day of SAc. The total
advance in wheat since the present
boom was ipnugurated early in Septen-
Ter has been upwards of 20 cents per
bushel.