The Anaconda standard. [volume] (Anaconda, Mont.) 1889-1970, 1897-12-10
CHICAGO MARKETS.



has any months delivery Of wheat sold
as high as December did to-day. IL rose
from 81 oils ut the opening to $l.a, but
in a very irregular fashion IL had many
a sudden backward slide, but in the end
II rested at 81 o. or the not ineonsiderable
Improvement of sac for the day. Jam
uarv was d good second, winding up with
a gain of &C. May was less demonstratiNe
in its bulishncss. Its advance was ltse
per bushel. Other grain ami provision
markets were more or less influenced ny
the advance in wheat Corn and oats
closed sc higher each and provisions 5d
Tic higher.
Wheat was very nervous at the start.
Shorts were evidently alarmed by the an
nouncement that the bull clique had
made arrangements to ship by all rail all
the wheat delivered them on December
contracts and had also made advanta-
geous storage contracts in the East.
The consequence was there was host
of buying orders for December AT the
opening, mostly of moderate lots, IL II
true but they had the same effect ON
the already strained market rs II they
were for millions. There was no wheat
for sale December closed yesterday at
81 .Doi4, but opening bids to-day ranged al
the way from 81 .01hml. % and AT the top
there was scarcely Il hushel to be had
This precipitated perfect scramble
among the shorts, not in December alone
but in January and May also. Before
wheat came out 81 .05 was offered for De-
cember Then came uli which lasted
for an hour. The brokers operating for
the bull cluue attempted 10 stem the
tide but probably from 100000 10 2-000l
/ bushels were taken before a reaction &C.
| Cured December declined TO $Io3ta. but
| by 11i5 had again risen to S.ts.
Then came the storm. Within five min
/ utes and amid a whirl Of excitement De
! cember was bid to 81 .0S, 1t reacted with
/ q Jerk To 81 06I5. then up again without
| a stop to 81 90, the highest point bid Tor
wheat In this market IN six years. Proba'
/ bly, as much wheat was sold on this al
! vance AS on the earlier. After that tht
market was duiete9'. January shorts ~
4 the meantime hadtsnot been idle. Tha'
| month opened strong at from 92c 10 Nc
/ and II sold as high as bid during the eN
! element, an advance of al2c since yes
terday. II was figured that the inHu
| ences controlling December also applied
! TO January and shorts got under eoNel
as quickly as they could.
MAY was also very strong. though !
did not have the same panickN appear
ance as the other options. II opened a
! aldaAc as compared with yesterday
closing price OF g9i2M90ssc, and had al
vanced by noon To a2tsda2a.e If the mar
ket at the opening had been left az usua
TO take its imprint from those things
that usually affect it, decline Reuit
i'm all probability have occurred. Liver
pool opened urn at an t1ANhiiNF ~ ~
and closed only Il shade higher. although
they must have known before the end o
this session of the early considerable
strength of The market here Reports o
rains interfering With the harNf sting .
wheat iii Argentine and that the eN
portable surplus would be reduced i
consequence. WIS one of The items Of tn
/ DAVIS news that. like a good many morf
received very little attention Deem
Der during the final hours of trading
moved irregularly between sl.6S and 81 %
closing nervous at that price MAY ha
reacted to 92asc NJ the close, while Jan
uary wound up al 9li2c.
Corn was dull but firm. the range bein
Ismsse The tone was largely due Ia til
advance in wheat, closing Sc higher.
Oats were quite active and strong, |
sympathy with wheat.
Not much interest was manifested /
provisions The closing prices were higt
er January pork. BE- higher. Jannar
lard TIC higher. and January ribs
] higher al the close.