The herald., 1895-01-30
GRAIN AND pAovisloas.
Course OF Buslns5s ont1s Chicago soa,i
of Trade.

S"AStoVs 'fAu- ~ Az Tue . pulling VI bho BUS
sion the wheat spectators gave uamstakable
indications % what taey thought would be the
effect upon trade OF ths gold exports and
strained financial situation rssu ting there
from. The weakness of foreign markets in tn e
faee Of yes.efdav's advances here WAS LIKEWISE
an element in the dstrust which prevailed at
the opening. May wheat, WIN CHI closed yester-
day worth o3l2c, opened with sellers offering 1t.
freely at anywhere fiom $50 to G2szc. No gem
eral ueman sprang up unit. it touched So &c,
and sucl as spcans up at that price was sgsinst
pus which had bou mt good for today AT itom
oZ1sc to 53l1c. Smith, who was SAID to have
Fought puts ON l. 100000 bushels ut the prices
named, wag cred ted with purcha .es OF 10op,-
COO Bushels of May wheat at bstween 52l.c
ana 52slc, and tina, along with similar pur-
cheses bf Others who held puts proved check
for the tina being which threatened the mar
ket. BY 80 O'Clock the price for NJ ay had
been reduced to 52c,wlth January or casa wheat
400. Generalization sd by that time spread 70
every speculative msrxet on the floor and agi-
iation became extreme for a minute or two,
but was checked fgatn when fresh d smand
was struck a. the decline last referred to-
Apart frcIn the demorsl zing effect of the fnsn
clsl situation upon the foreign ana domestic
grain mzrkeis, the other matters pertaining to
supply and demand were encouraging TO hold
ers, and that more than anything else encour
aged buying The total Of the primary market
receipts today was only 179 eco bushels, against
1856, 600 bushels IN Tuesday of last week and
ompared with 233O00 on the corresponding
day of the year befors. The export clearance
from the principal Atlantic potts amounted to
100000 bushels Of wheat and about $4,000
bushels in the shape OF -four. The purchase
for export from New York of about 30 boat
loads, and from southern ports OF from 80 10 40
more ard the taking of about 150, 600 bushels
OF spring and winter wheat here caused some
covering of shorts here in the last ha hour of
the session, and May declined to 53c ans closed
with buyers a. 521sc.
The general generalization which struck
everything on the speculative st this orning
was nowhere more conspicuous thau iu the
n nil ant In hrl txrlA fatf ha
ing caused holders of corn to rush the cir stuff
on she N irket regardless OF everything The
country holdings, which up t. withn the last
few days hsd wthstood ali attempts atdis-
lodgment. have been gradually undermined
and toDpling ovsv. Today there was general
oave-in rs May corn. which closed yesterday at
24lac, IVES Offered for sale At 4211c before AEON
today. recovery OF 1opsr busnel i'll the price
Of wheat near the end, and the reported sale
at the seaboard of two boat loads oil corn for
export, caused some demand here and re.
action to 4351c. The most of the late buying
was, however credited to ghorts.
the market for oats almost from the begin
ming was lower. Cash cats were very SLOW and
suffered decline OF about lie, The selling of
May was quite general. The buying was limit
ed and confined to scalpers and a few shorts.
May started At 29@251 2c,and gradually dropped
to 21s4c, which is anotaer low price of the crop
aud &c below the established bottom the same
day last week, Lister the market rallied to
2S5sc. Mt which price it closed.
The provision market fell into line with the
declining & rain markets and suffered severe
bresk. which It only partially recovered from
in the end. May pork, which closed yesterday
at $l0.57t2, opened with sellers at 5000, and
in the course of the forenoon had declined to
80 70 1t recovered 70 $a0.05, and the latest
similar course. winding up at l71ac loss in tn 9
former and 271ac in the latter The extreme
weakness of the corn market WAS the principe
factor in the selling OF provisions.
The leading futures C .oe ed as follows:
Wheat No. 2
January ....-............-."492s