The anti-monopolist. [volume] (Saint Paul, Minn.) 1874-1878, 1875-07-19
Chicago Markets.

WHEAT.-1lo prevailing uu1AAooo ~
trade and finances in this market IS re-
lieved by only one feature of excitement
and that is a very prominent 81
rise in wheat. In the last two or three
weeks wheat has advanced over ~ cents
per bushel, and now the great majority
of those who could not see any induce
ment for buying it at about 81 per bush
ell, have begun to think it quite cheap at
Slip. The present situation illustrates
the tact that the opinions of spectators
as to the real value, and Of the probable
SIMPLY of and demand for certain arti-
cles in which they deal, are not worth
much. The great mass OF spectators
have no options based on any facts re-
lative to supply and demand. When
ever prices get a start in one direction
they all follow that lead, and rush prizes
up or down so far beyond the legitimate
point that a violent reaction IS sure to
follow.
NORTHWESTERN SPRING WHEAT.-ln-
uuiry active on shipping account, and
the market ruled tirmer, and prices
4 to 4ac higher. Demand chiefly on
Canadian account. Offerings light, and
insufficient to fill orders. Sales were
In Stores cars No. | Minnesota al
S1.1S. 1000 blu and 4 cars at Sl.l9, 5 car
at S1.2O; 5 cars No. 2 Minnesota a
$1.15.
SPRING WHEAT.-Anu unsettled feeling
prevailed in this market, accompanies
with considerable excitement and lrreg
ularity in prices, though the result of thu
DAYS trading shows an advance OF l tt
9 1-2c was established on the whole
range. The attendance OF operator
was large, and a large amount OF bust
ness was transacted, both tor cash ant
future delivery. The feeling was ner
vous and unsettled throughout, and tn
movement of the market was closet.
watched by operators. The improve
ment was due to about the same influ
ences as have affected the market dur
ing the past few days, namely, very flat
tering European and the generally buoy
ant and excited markets elsewhere
Liverpool was quoted 2 to Sd higher
and demand active. Some reports fro1
the winter wheat sections indicate ths
the wheat being harvested is not in Q
good condition rs was generally antlc
pated. The demand tor shipment an
the urgent desire to cover July and oil
er outstanding contracts had a materi,
effect on values. The offerings of cas-
were not large, as compared with tt
demand, and buyers were compelled
pay a premium of l-2 to l 1-2c per +
above seller August in order to provit
for their requirement. Other local i
fluences also affected the market. al
considerable excitement prevail'
throughout the entire session. III
freight engagements amounted to l7(
600 bu, and the market closed strong.
CATTLE-The receipts to-day we
somewhat larger than on yesterda
about $500 being marketed. Early
the day shippers were backward in ia
ing hold, showing a disposition to b
at lower prices, but Notwithstanding t
increased receipts, sellers were firm
their views, and would not submit to a
concessions, The quality of the cat
marketed was very good, there bel
several hundred head of extra smoG
steers, Finding the advices from
east favorable, shippers took hold M
freely, and from noon the market ru
quite active. Sales to shippers W
made at So to a. for medium to ext
with the bulk of the transactions at
to 6.25. The best sales of the day "
is extra steers, averaging 1867 lbs,
81, 81, averaging 1,434 lbs, at $6.S5,
averaging 1855 pounds, at $685.
and AZ, averaging LAOS lbs, at $6
For stock cattle there was but little
mand, and the market was about no
nal at $3 to $3.50. City butchers "
very backward in taking hold. and
market for Texans and the lower era
of native cattle ruled dull and but i
better than nominal.