The morning call., 1894-10-03
CHICAGO NJ p cts.


CHICAGO. ILL.,. Oct. THE struggle in the wheat
pit commenced with the bears on top and start
ing with that advantage they proceededto pound
every remaining vestige of bull life out OF it, and
succeeded In doing SO. There were sellers of De-
cember at 5334c Immediately at the opening and
in the course of an hour and half 1t could be
bought at 53Ac. The bullish sentiment which
had prevailed for couple of day completely dis
appeared. The cause OF the depression was
briefly summarized by the phrase, TOO much
wheat" The receipts at Minneapolis and Duluth
numbered 1865 ears. compared with 99S year
ago. The total receipts at the nine primary
m arkets amounted to So g, 2S4 bushels.
The stocks of wheat in the United Kingdom
are reported al g. 800 00p bushels less than the
co resp nding time last year. There bids
for Manitoba hard and No Chicago spr ng.
The shipments for the week from the Baltic and
Black sea, Argentina and other exports were
3,36O.000 bushels. exclusive of indian shipments,
which amounted TO 1874 900 bushels. Bradstreet's
bushels on both sides of the rockies. and that was
signal for further weakness In the market here.
December got down to 53c in about fifteen
minutes after the report was published. The
weakness became more pronounced as the day
advanced, and December closed new low
price. 5234c.
Corn, as well as wheat, was a mark for bears to
shoot AZ. Ii declined over l14c per bushel and
appeared weak at the decline. he Chicago re-
ceipts gave no indication OF what the movement
from the country might become if there were
storage room here. and that Is the most depresS-
< feature OF the present situation and the con-
d ton of affairs which more than anythi' else
gives the be rs their present leverage Receiving
houses very generally report having carloads OF
corn still unloaded which arrived here over a
month ago. Receipts here to-day were 100 cars
and Tor tomorrow 90 estimated. The
market opened weak with sellers at yesterday IS
closing prices and few buyers, except at Use con-
cession. The first transactions were at from 505s
@501ac for May, and the tendency during the
rem ainder of the session was strongly downward,
transactions were at 1885 Tor May
Oats were moderately active. although trading
weak however, ana prices lower. There was
however, very LITTLE demand. and prices declined
even offerings were eompar lively small NAV
started at from 1884 @33Hsc, aud sold gradually
down to 341sc, where 1t closed
Tue provision market firm early aud de-
clined later. The prices were at their lowest
when the session ended. The receipts were 9 UOu,
and FOR them tue prices quoted were very weak.
! he packers were free sellers. and received en-
enlargement In that from weakness,ln the grain
IN rkets. The result of to-day's business in pro-
visions is decline or 471ac in pork, 371a In
lard and 2215c in ribs
1he leading futures ranged as follows:
Wheat No p Short Ribs per 90 lbs
Highest. Lowest Highest Lowest.
Dec......5ss4c 62$4 Jan. SO IS IS 80
Lard per 100 IOe.- Corn No 3
Oct. SO Is 81 so Oct....... 4914c 477sc
jan, 81 90 81 371a lDec......4ss4c 465Sc
Mess PorN per hbL- May 49,. 505sc 4914c
Jan. Sl3 10 So rs
Cash quotation: were as follows: FIour-Dull;
easy; No Spring Wheat, 5O14@52s4c: No.
Spring Wheat nominal: NO. = Red. 5O1a@5O24c C;
No. Corn. 477sc: No 3 Yellow Coril. 47Tsc;
Prime Timothy SEED, IS 371a: Mess PORK
b5l. sl3CGlo %: Lard. 100 lbs. 81 sc
as 90: Short Ribs sides. Ioose) 81 OotG
z 10: Dry Sailed Shoulders fDoxedl, SIS 37ls616 so:
Short Clear sides fboxed 81 5oG47 rs; WHISKY dis
tlers' finished goods. Is gar 81 80; Sugars-Cui
Loaf, unchanged; Granulated, unchanged: stand
ard A. unchanged.
ON the Produce exchange to-day the Butter mar
ket was firm; creameries. l6026c; diaries l4d
2lc Eggs-FIrm; 1512@i71ac
LIVESTOCK
Cattle-SaIe3 SjMS 25 Natives. 5nI11 IN
for Westerns; s 2u(d So for Texans: not many
sales effected at over So Is: supply was made up
OF about 1900 Natives. 5000 Westerns and 500
Texans.
Hogs-sales. best heavy grades, s605 %; best
light. IS 20.
Sheep-Dull: lower.