The representative. [volume] (St. Paul, Minn.) 1893-1901, 1894-09-12


CHICAGO. Sept. Ito the mathema
ticians of the board of trade the figuring
out of the aggregate crop yield of wheat
and corn from the averages of condition
given in the government crop report was
somewhat like that problem in the higher
mathematics. the solution of which is zero
or infinit5. The wheat crop, according
to this. that and the other expert figures
amounted anywhere from l0300O,0OO to $50
100000 bushels. and the figures on corn
varl-! as widely. Both grains opened
higher bur there were more sellers than
buyers and the advances did not hold
The early feeling in wheat was assisted
by lower prices at Liverpool. December
opened ls@Ac higher at 57Aa573sc, sagged
off to $3.50 and rallied to 571sc.
Corn opened raggedly higher on the low
cred condition shown in the government
report, with May quoted at 557sM56Ac,
against 553sc at the close yesterday; but
there seemed to be an impression that tho
report had been fully discounted and on
free selling the price rapidly slid off to 55c
but recovered to 551ac.
May oats opened 14c higher at SEC; sold
off at 35%sc and 35s4c
Provisions opened higher in sympath
with corn and on the light receipts of hogs
but quickly broke badly. January pork
started Zoe higher at s14.42l5 dropped to
s142O rallied to $1425 and reacted to the
IS. i5 and broke to $S.25.
Wheat was dull and compare lively steady
most of the day. keeping most of the time
within a sc range 1t showed some dis
position to advance early in the session, but
there was a liberal amount of short SELL
ing by the leading professional bears and
with weak cables and fine weather on the
other side, together with the weakness in
corn. the strength soon eliminated but
there was no great break at any time and
for an hour so during the forenoon the
price did not vary &c. The shipments for
the week from exporting countries We're in
excess of the requirements of the import
ing countries and this helped to weaken
the market. There was also a good many
wild estimates on the crop-Murray, of Gin
cinnati, putting it at 500,0N0,00O bushels
and this was another factor which helped
to hold the market down. December open
CD at 5ilfc, sold up to size, off to 567sc
and held for a considerable time at 570
5l1sc, but went off to 56alc May sold at
6ltsm62l2c, and at noon was 61%c.
Corn disappointed the crowd and, in
stead of bulling on the very bullsh govern
ment report, actually averaged lower. This
was in accord with precedent, as the mar
ket nearly always sells off on a bullish re-
port. The government figures point to a
1o'o.UU.oo0 bushel crop but many seem in
clined to reject the figures.
There were evidently many orders to sell
on the government report and as the crowd
was not in buying mood, prices went off.
May sold up to 56Hc early, fell to 547sc,
up TO 5oa4c. but at noon was only 55lsc.
September ranged at 56A@57c, and at noon
was 56lac. Oats slow and steady. May sold
from 36c to 35lac while there was little
change in September or October
Hog products quiet and weak as a rule,
but started higher though soon selling off.
January pork sold from S14.45 to Sl42O and
back to s14.3O. January lard sold from sS.45
to sS,25. up to sS32h. Ribs sold from $40
to E.25 up to 1924
Wheat firm: September 54as0541sc; De-
cember 572sd571ac; May 622s@621ac. Corn
higher; September size; October 57Ac;
May 56@56ls. Oats-September 3Ossc; Oc-
tober 31lkc; May 36@36hc. Pork higher:
September S4.35; January sH.37k Lard
steady; September $8.S71s; October 50. Ribs
lower; Sept. and October $7.S71; January
HS7h Rye steady 47kc. Barley steady
nlac. Flax seed quiet $3.50. Prime timo-
Thy seed firm $40