The herald., 1895-07-16
CHICAGO MARKET
The Days Transactions on the Chicago Board
nj Trade

of Trade
CHICAGO. July 15.-Reports of damage
to spring wheat started the price up from
66%c at Saturdays close to 67@ 6S9sc al
today's opening.
good deal changed hands between the
prices of SIC and 67Ac. In half an houl
the price had declined to 65ssc and con.
tinued until the visible supply statement
was published, showing a decrease of g.
122, 900 bushels for the week. Even then
it only recovere about nc per bushel be.
fore 1t was again smothered with more
short wheat. Disbelief in serious damage
to the spring wheat crop was general.
The foreign markets were all quoted
lower at the opening and the closing
cablegrams were of a similar character.
Liverpool declined I'd. Paris declined IL
to 20 centimes. and Berlin N marx. The
visible supply now amounts to Al, 233. 00C
bushels, compared with So, 154, 600 a year
ago and SO. 325, 900 at the corresponding
period in 1893.
The worlds specials are falling off.
They are estimated about $500, 900 for
last week. They have been running at
from 100000 to 11,000,000 bushels for
about three months previous. Should the
Russian and Argentine shipments keel
dropping off proportionately for few
weeks. Europe will have to bid openly fo1
American wheat instead of having 1000,
600 bushels thrust upon their unwilli g
hands weekly, as 1t is now being made to
aprear.
Some reprots from the northwest were
received which convinced the crowd oi
more serious damage to spring wheat
than the Minneapolis people were willing
to admit. Cudahy's brokers, who had
been persistent sellers at anything over
hffu lat in, hn do,
than they could supply. and when their
stock of short wheat was exhausted the
price of Septem Der shot up rapidly from
around 651c to 6SLc and closed at 67Ac.
A trade in May wheat was made at 72Ic.
Except for the selling of 400, 600 bushels
OF May by Schwartz-D -Dnpee, the oats mar
ket was almost entirely without feature.
The market was about STEADY. Septem-
Der ended unchanged.
Corn was only moderately active and
weak. December and May are now the
favorites with short sellers. Several times
today 1T was almost impossi BILE to trade
in september without discounting the
nominal market price from Ac to 3sc per
bushel. September closed &c lower.
Provisions were dull and easy near the
close, when drive by short sellers caused
pork to close at loss for the day OF lOc
lard and ribs 2>5c each.
Leading futures ranged as follows.
Wheat No. =
July .;..........-......... ............. G6sA
Sspleluper ts..s... .bfts
DscelnDer.. .......,.............vUA
Corn No. 3
Juiy -. ........................ .451sG45A
ssptemosr.. '................-..4oA
May -, .-,...........,............ obla
Oats No. .
suiy .......'....''s.. s......''.."....-. Z5,H .
sePlem cer........... Z3Ss
May ............ .---........ ...2bA
Cash quotations were as follows:
Flour-Winter patents. S325@3.75; win
ter straights. $3.00@'9.4O; spring patents
$3.75@4.25; spring straights. S2.90@3. 80;
bakers $l.90@2 80.
Wheat-No. 2 spring. 6ess@ea3sc; No. s
spring, nominal; No. 2 red, eGs. (aGe7zc
Corn-No. 2, 45A@45l5c.
Oats-No 2, 25szc: No. 2 white, 2?
@2sc; No. white, 2515@27c.
Rye-No. 2, 46c.
Bariey-No. 2, nominali No. 8, nominal;
No. 4, 59c.
Flax seed-s1. 34@l. 50.
Timothy seed-Prime. $685..
Mess perk--Per barrel, $40. 92Is0l1.O5
Lard-Per 100 lbs, $6.30@6. 32l
Short rlbs--Sldes, loose, $6.O7T66.10.
Dry salted shoulders = Boxed, S5 5O@
6.62X.
Short clear sides, boxed-s6. 1906. SIX.