The Worthington advance. [volume] (Worthington, Minn.) 1874-1908, 1896-10-22
FURRY IN WHEAT.
An Advance Of Twenty-Five Cents 9
Bushel In Frisco Since October 1.


Bushel In Frisco Since October 1.
San francisco, Oct. 17.-Friday was
the banner day Of the present wheat
boom. On the regular morning call De-
cember was forced to $1.41h, an ad-
vance of over seven cents on the best
price obtained Thursday for the same
option, and an advance of II cents
since October !, when the best figure
obtainable for December was $1.24H.
The advance in May was even greater
than December, the regular session Fri
day morning bringing it up to $1.44A,
against s1.36N as the best price obtain
able Thursday. At the afternoon ses-
sion December again gained three-quar-
ters over the best morning prices, hut
subsequently dropped to $1.4o May,
gained three-eighths also over morning
prices, but closed at $1.42N.
Chicago; Oct. 17.-Wheat made de-
cided gain Friday and closed at an adj
vance Of ~ over the close the day be-
fore. It was broader market than
usual, and, while there were frequent
reactions, the trend was upward. It
got it's 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 destina-
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 71A cents, or 1 cent to ~
cents above the close the day before,
fell to 71% cents, up to 72 cents, off TO
71h cents, then to 72A cents, closing at
72h cents. May sold at 75M cents to
76% cents.
San Francisco, Oct. 10. 49, 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. 40 per central,
opened Saturday morning at $1.47h,
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May wheat, which closed Friday at
s1.42N, opened Saturday morning at
$3.50 and closed at $1.4oN 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 OBSERVATION-DISCLOSURES
being over half cent range and at an
advance Of from ~ to IA Of a cent
over Fridays close. 1t was quite evil
dent that the market was q self-asser-
tive one, depending on no individual
or clique for help, and going beyond
tho control of manipulation, il any
there has been. Foreign influences
and crop deficiencies rule tho situa.
ton. During the last half hour tho
market became runaway affair.
everybody buying and bidding for
wheat, and rushing prices up from 74A
to 76A for December. The frenzy last
ed until the close, which was at re-
cession from the outside, but with
net gain for the day of 3%c. The total
advance in wheat since the present
boom was inaugurated early in septem.
Ter has been upwards Of 20 cents per
bushel.