The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1894-10-03
CHICAGO sfARKKrA


CHICAGO, Oct 2-The struggle in the
wheat pit commenced with the bears on
top, who. starting with that advantage,
proceeded 10 pound every remaining
vestige OF bull life out OF IL. and succeeded
IN doing 30. There were sellers of Deem
Der at 5S44c Immediately at the opening,
and in the course Of an hour and halt IL
could be bought ~ 5SI.c The buliish SEN
fIment. which had prevailed for a compile
OF days. completely disappeared. The
cause OF the depression Was briefly sum-
married by the phrase. "too much wheat"
The receipts az Minneapolis and Duluth,
numbering Loss cars, compared with sos n
wear ago. The total receipts at the nine
primary markets amounted to sd, 2S4 bush
els The stocks of wheat IN the United
Kingdom are reported az 5. 800 coo bushels
less than az the corresponding time last
year. There were bids from there TO New
York houses of sc advance for Manitoba
hard and No. 2 Chicago spring The ship
ments for the week from the Baltic and
Black seas and other exports were 3o5. 900
exclusive of India. Bradstreet's visible
statement gave an increase of ASS. GOO
bushels on both sides Of the Rockies. and
that was a signal for further weakness in
5Sc in about Is minutes after the report
was published. The weakness became
more pronounced as the day advanced,
and December closed at a new low price,
52S4c. Corn was, as well as wheat,
mark for the bears 10 shoot at. IL de-
clined over ii.c per bu.hel, and appeared
weak a. the decline. The Chicago receipts
gave no indication OF what the movement
frs@x 49, ~ A.
were storage room here, and that is the
most depressing feature of the present sit
uation and the condition of affairs which
more than anything else gives the bears
their present leverage. Receiving houses
very generally report having car loads of
corn still unloaded which arrived here
over month ago. Receipts hers today
we're $50 cars, and for tomorrow $50 cars
are estimated. Itopened weak with sell
ers at yesterdays closing prices, and few
buyers except at &c concession. The first
transactions were at from 50ssc to 50iac
for May, and the tendency during the re-
mainder of the session was strongly down.
ward with 49lzc ruling near the close. The
final transactions were at 1850 for
May. Oats were moderately active,
although trading was most all local and
scattered. The feeling was weak, however,
and prices lower. There was, however,
very little demand, and prices declined.
Even offerings were comparatively small.
May started at from s3s4@33Tsc and sold
gradually down to $3.50, where it closed.
The provision market vas firm early and
declined later. The prices were at their
lowest when the session ended. The re-
ceipts were $4,000. and for them the prices
quoted were very weak. The packers were
free sellers and received encouragement in
that from weakness in grain markets. The
result OF todsy's business in provisions Is
decline OF 471sc in pork, size in lard aud
2211c in ribs.
Closing: wheat-ocsober. 5ol5c; Deoem-
Der. 51i4c.
Corn-october, 4sc; November. 4si4c.
0ats-October. 271sc; November, 2sl.c.
Flax seed-Oetober, $l.4i1s bid; Decem-
Der, ST. 46 bid.
Tmothy-January, $5.45
Rye--Cash, 4Tc; December. s9tSc.
Barley--Choice, soc: medium, 53i<c;
common, 50G5ic.
Pork-october. si2. s.; January. sI275.
Lard-Oetober, sT,s0; January, s7.37k.
Ribs-October, s6s71; January, 1915.
LIVE srocK. !.
Csttie-Sales. $45625 for natives; $50
@450 for Westerns, and $l.200l3.50 for
Texans: not many sales effected at over
s.. IS; supply was made up OF about ], 800
natives, COCO Westerns and l. 500 Texans
Hogs-Ssles. best heavy grades, $4,000
sos; pest light $50.
Seeep-DuIl: lower.