The morning call., 1895-01-24
Chieapn Markets.

CHICAGO, Jan. 23.--The wheat market openeu
quiet and feeble. Succeeding a preliminary de-
cline or 80 from the closing quotation of the
previous afternoon, iJ gathered itself together
again and recovered for a short time its first de-
cline. In the course of another half hour it was
once more struggling in death grapple with the
bears on top Of it. Foreign markets were not so
distressingy sick as general expectation had pre-
pared itself OF. Receipts here and in the north
west light The seaboard sent bearish dis
patches.
There were apparently many long lines hanging
by the merest thread and acting upon that I'M
preston big bear spectators gave the MARKET
shake after shake, until all the weakly supported
Wheat went over and the shorts were SatIsned 10
cover. May, which closed yesterday at 5514c,
opened with sellers ~ from 551s@55c and sold
as low as b47sc before it reacted. 1T gained
slowly and reluctantly until it touched b514@
653sc, at which point vigorous selling recon-
menced and 1t gradually worked back again 70
55c AT the latter price there was short Strug
gle, out of which the bears came victorious and
the price went down with rattle g to 90. S4hs G.
other dive. reaching 54ssc
the preceding dips, took hold greedily and on So
heavy scale that prices rose again TO o5c About
twenty minutes from the close business had be-
come slow again. May closed at 647sc.
Corn acted regards the wheat Market, very
similarly to its procedure on the day before. The
opening prices for May were principally from
45Ssc TO 40 1sc with sale as low as 45 LAC.
1t recovered to 455sc, dropped back to 1880
45Ac, went once more over the same ground aud
then rose to as 7sc, resting at 45s4o.
Oats were principally. inclined to follow corn.
The disposition to sell was comparatively nothing
and some shorts were still at work covering. but
slow. May sold from 291sc to 293sc. where 1t
was at noon. The price advanced to 295sa29s4c
before the close, and the hnal sale was made al
291i@295sc. The cash trade IN oats was active
and prices firm.
After a steady opening and slight advanee
provisions broke sharply. There was general
selling by packers ana longs. and the deman was
far from sufficient to absorb the offerings. May
pork finished 27L2c lower, May lard ia lowe
and ribs 712c lower.
The leading futures ranged as follows:
NhestNo q Mess PorR per bbl-
Highest Lowest Highest. Lowest
Jan. ....52e 5i1sc jan. $40 so s1055
May...sssso s33$sNay 81 81 IL 20 Soo $40 20
Corn No 3 May. So 771a So so
Jan......4S14c 42s4c Short Ribs Dor 100 IDS.
Ju july .,....SS 45c Msy....s5 72h 5571a
Cash quotations were as follows: Flour-Easier;
No. Spring Wheat, 543s@667sc No; Spring
3Os4@Sic; no. 8 White. So1a051c. No. Rye.
so M0 N saF'y Flax seed 81 fgns r%
othy Seed. So 1906 so; Mess Pork. y bbt.
$40 621a@lO rs: Lard y 100 Ds, $6 6U@
Dry SaIted Shoulders fDoxeo1. "a 75@$4 SIZE:
Short Clear sides (boxedl. So 1906 50: Whisky,
distilierF nnished goods. p 81 %; Sugars. I'M
changed.
on the Produce Exchange to-day the Butter
market was steady; creameries, 12@231ac; dali
ries, l102Oc. Eggs, steady at 13@18c.
The liquidation OF wheat longs on the Board OF
Trade which commenced few days ago con-
ttnued to-day. and prices broke all former records
for this season of the year, May having touched
$3.50.
The lowest price OF year ago to-day was
635Ac. 1t is estimated that fully 1000 600
bushels of long wheat have been thrown over dur
ing the last three days. The sensational decline
of the day was in May pork. which went of SOC q
barrel Everything recovered some, however, be-
fore the close
LIVESTOCK
The cattle market was neither as active nor as
strong as there was reason to expect W 18th barely
IL 900 head for the day, weak W as the demand
that the best sellers could do was to hold the
market steady. Common to choice steers were
salabIe at So 1906 rs, with extra quoted around
So 65. There was fair inquiry for common to
choice cows at SOB rs, and for stockers and
feeders at 81 1905 rs. Inferior cows sold around
81 SO and extra DeifeFs and bulls brought as much
as S3 50@3 as. The bulk of the steers sold be-
tween SIS rs aud 50 and 1908 were pular prices
for cows and bulls.
A fairly steady hog market was experienced CO.
day. The extreme top of the market was 81 521z.
Only two three sales, however, wero reported
at over 81 As and the bulk was below 81 40, light
going largely az So 1904 %, and 81 2Ot9t 40 buy
ing III ost of the heavy and medium weights.
IN sheep trade was uneven. but prices averaged
about steady. few sales at loo decline were re-
quality of lambs offered very good and there
were several trades around 81 80. Common to
extra sheep were salable at s3GS3 So and lambs of
a corresponding quality were quoted at 1894 80
Receipts-CattIe 11,00U: calves. 400; hogs,
90 O00. sheen 10. 600