Audubon County Republican. [volume] (Audubon, Audubon Co., Iowa) 1885-1894, 1893-09-14

CHICAGO, Sept. ll.-There was big rous
ing bull market in wheat this morning Tha
great bull item was of course the govern
ment crop estimate received by wire late
Saturday afternoon. This gave the COM
bined condition of winter and spring wheat
as harvested as low as "a. This WAS quickly
figured to mean n loss Of $4,000, 900 bu from
the August estimate. The total was cal
culated at 81 ,000, 900. Last year there was
n crop Of $50, 00O, 900 This year was short
of 1892 by about l50, 100000 bu. 1t Is short
Of the crop of 1891 by about $50, 90, 900.
Wheat on ocean passage for the week de-
creased nearly 1900, 900 bu. Indian ship
ments were under 100000 bu. This indi-
Gated very light output from all except
American ports. In addition to this 1t
soon developed that tho visible sup
ply was going to show another decrease
Instead Of an increase of 2,456, 900 bu year
ago. An increase of 500. 900 or possibly
1000, 600 bu was expected by the bears, but
the decrease Of over COZ, 900 at Minnea polls,
over 900, 900 at Baltimore, $50, 900 at Phlla-
delphia and nearly $1,000 at Boston foon
gave the board another look. The final
figures we're posted at u decrease of IA 600
bu. A small increase in Chicago stocks,
light exports clearances for the day, liberal
receipts of 1,5ll cars In the North
west for two days and talk of
showers in Indiana and illinois
MI dSttu uRhluSt PRICES Dut utu llIlIo IOTC6
in stopping the broad, strong market. Tho
December price started 30 up at I05sc
touching tic at the same moment. The
price steadied around 70s4c and theu
maze the strong advance to n &c or 1910
over the strong and higher Saturday clos
Ing. The May price went to 79l4c. Free
realizing on the bulge put the December
price back "a to 7l1Sc, and later the mar
ket was firm around IKE.
BefOra the close thnra yyas returr NJ
the very lively bidding for wheat. Tho
market had been quiet tor an hour, with
December around 7l3sc when the final
bulge put 1t to II &c a second time and tho
close was at 7l@sc, or l%c up from Satur.
day. September closed 61$s@671Sc and
May 79l5c.
Tho corn trade had a very interesting
day. The crop figures while not surpris.
ing reduce the total to q small crop OF L.
900, 900, 900 or even less than tho very short
crop of last year. The fact that the sur
plus states have as much as a year ago Is
nothing, as last year they were seriously
low. The receivers say the farmers will
stop selling at once and receipt, will tum-
bic with all the enormous movement Of
last week Corn here increased 427, 900 bu,
and the visible supply increased only H.
0C0 bu. The shipments for the day
were G99, 900 bu, out inspection 100000
bu with drop In receipts the 1900, 900
corn here would not last long with present
shipping demand No other point has any
stock OF corn. Buffalo, tho distributing
point for the east, has APO, 600 bu corn, New
York has 1919, 900. st. Louis 100000, with
about as much all told on lakes and canal
as in Chicago houses. The visible supply
is under 5000, 900 bu Tor the whole country
The trading was chiefly in May. The price
started nc up at 45c and touched As C with
dip to 4411c. Tho latter advance wa, to
t6c with a reaction to 451Sc. The Octo-
Der was advanced to 4l1sc and September
was up llec from Saturday at 4l5Sc.
The best bulge Of the day was given
corn just at the close. The May price was
run up to 464c, &c up from Saturday,
closing 46(G461sc. September corn closed
4l5kc. October 4l1sc
The provision trade did not go wild to-
day but simply acted very strong, urged
on by the big cash demand for all products
and the very bullish grain market The
ribs were the strongest and the October
moved up SOC, January 2cc before O'Clock
October sold s. 40 and 1891, January
$40 and s7.221<. Lard was up lsc all
around at $3.50 September, $S.35 October,
E.72h January. Pork was bid up to
sl4.75 October and $l310 January All
products closed very strong on bulge to
sl4s5 October pork, 1886 October lard and
s.. So October ribs.
Quotations were: