Audubon County Republican. [volume] (Audubon, Audubon Co., Iowa) 1885-1894, 1893-08-31
Chicago Hoard OF Trade.

Chicago, Aug Is. On tho whole the con
ditions in the wheat trade during the
morning were favorable for buyers. There
was an advance on the early business of
about lie from Saturday prices, The Hun
garian report on the worlds wheat sup
plies at first looked bearish But the
figures show only an average production,
while prices are away below average
With prices in view the report was bullish,
The Minneapolis Market Record was quoted
as saying that Minnesota and the Dakotas
viii have 100, 000, 900 bu of excellent wheat.
This was not accepted as correct
rs oil private adviCes have been
much under these figures. The Chicago
stocks of whont increased 1900 bu for the
week and New York increased wheat In
store ! 49,, GOO bu. Everything else was
bullish, Liverpool was firm and liDiad
higher The financial situation was much
improved. The repeal Of the silver pur
chase law is now certain. The visible sup
ply report was bullish. The trade looked
for about 500 900 increase for the week A
year ago there was over 5000, 0OJ bu in
crease. But the big decrease ut northwest.
ern points, over COG. 900 bu decrease on
lakes and canal, caused the final figures To
show decrease of 1000 in the visi.
BILE wheat The trade anticipated tho
figures, and best prices were made before
the report was completed The London
Times statement that England will need
324 600, COO bu Of whcat was regarded as an
exaggeration, yet 1t helped buying The
market started with ,@iac gain, with
September ut 6le4c, December at GS(dGS9sc
The low point early was I'll sc and Csc and
the advance was to 62 s0t62l,c and to
6S5kc. The strength did not hold. There
was enough selling before o'clock to put
prices back to 6l17c September, to 81 80
December, leaving but slight gain over
Saturday.
On the report that the Vienna Congress
of whoa merchants had estimated deficit
in the wheat production of the wogld OF
200, 000, 900 bu the trade got bullIsh before
the close and gave prices the best advance
of the day. September went 62i &c, closing
62l4c; December to GSEc, closing $751;
The corn trade had to contend with the
same influence as last week, the great
movement to tins market The buying
was helped by the low temperature over
the Northwest last night and the DIS
patches predicting frost Tor tonight Alto.
gether the market got n lift of &c from
Saturday. September sold 3GStc and
$3.50 and up to Ti4c. May sold 40lsc up
to 40slc. Then the wheat market broke
down The Signal Service said nothing
about danger OF frost, and the corn mar
ket weakened. September sold back to
36jsc, May to 405sc, holding but &C over
Saturday.
,OIu HOt u soNohh " Wiih Nbehb
the last half hour. September closed 81 SO,
&c higher. May closed 4Ol9c biz, &c up.
The operations of last week we're re
peated in provisions. he run OF hogs, the
feeling OF the local trade, prices at the
yards and all other influences were sec
ondary to the action Of the packers in es.
tablishing higher prices. Products started
easier, and the scalpers sold some stuff for
a reaction from the advance OF last week,
The packers did nothing early. Later they
began bidding for pork and lard, The
offerings ere light at all times since the
collapse of the corners, and at present
there are few outside Of packers who dare
sell any stuff short Lard was little
changed. Pork was bid up to SiI50 at
O'Clock, or zoe up from Saturday. The DC
tober pork sod 1880 and slI 80 Mt the
same time. Ribs were off Ice to $500 for
September early, and ON the big bulge
went to So %, October from S1.95 to $50
Lard was steady at Ss.l5 September and
about $500 October.
OuOtatiOus were.