The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1895-05-25
CHICAGO MARKETS.
The Board of Trade.

Chicago Nav 24-The edge was taken
of the bull movement on the hoard O
trade today and everything closed lower
In comparison with yesterdays hgnres
wheat finished lac of, corn l1&e. oats &c
pork 99c. lard and ribs 2izc each. Al
though the Liverpool wheat market
opened ID lower than il closed yesterday,
and II had rained in Kansas during the
night the market here opened with some
buyers willing TO pay Tie for July wneal-'
Not many buyers however, paid that-
The great majority were Wiling 10 sell
at 7Sz.c. or the same as IL was worth az
the close OF yesterdays session. and some
even pressed some wheat for sale when
had a good profit In IL az 1sisc. A great
deal OF wheat was wanted at 7szc up 10
7sasc, and before the early buying orders
which succeeded the opening break could
ee all filed the price rose again 10 TIC.
For about fifteen or twenty minutes the
price hsaved UP and down tn Irregular
swells and deprassions between Use ana
79c, and then came crash. Corn com
menced TO tumble, and when Il had
broken to VIC below che price 1t had closed
at yesterday. then wheat had a sympa-
thetic spasm and collapsed suddenly 10
T7I4c: the reviving influence OF fresh
buyfng orders Was again applied. and be-
fore many minutes II had again recovered
TO 79l4c. The first downward plunge was
due 10 the lower cables, sales by longs
and the execution of stop loss orders. On
the next turn II declined 10 7sasc, and
then kept lazily webbing for an hour or
more between 7si2c and 79c. The volume
OF trading was very much reduced, as
compared with the tremendous bulk OF
business done every day for ten days
back. There were considerable fntervals
during which there was actual dizziness
in the pit. but at no time was there an
.FF4ysf TtFa.1G
that kept the pit filed with brokers alert
for contingencies. The reports from the
South concerning the crops of the states
OF Indiana and Illinois were woeful in
their monotonous reiteratiok Of destruc-
ton. In addition 10 these states, Ohio.
kentucky and Missouri joined the dole
full chorus, and even the Northwest had
some complaints 10 send about unfavor-
able weather for spring wheat. The mar
ket began to weaken very much after the
noon hour. and the long wheat kept COM
ing out in heavy chunks from that time
up to the close That resulted in "A rapid
and heavy drop in the price. There were
strong fights during the decline 10 7Sc.
77i5c and finally 1850. but it was not until
the latter point was reached that the sell
ing orders ceased to prevail. There was a
rapid recovery TO nc IN the last few
minutes. but at the close there were SELL
ers at nc, and IL dropped TO 76ssc before
the crowd separated.
Corn-The market again suffered from
heavy receipts and favorable outlook for
the next crop. A good demand from the
seaboard resulted in the sale for export OF
20. 600 bushels. which sustained the price
early in the day, but in the afternoon the
weakness of wheat and fine weather were
the most influential factors, and a consid-
cradle decline resulted The opening price
for July was Ja.c, or l4c under
the previous days closing quota
ton. II was prevented from get
ting very weak while the cash business
reported was under way. but gradually
worked down TO $3.50. II had a quick re-
action 10 532.c. which was the price at the
close.
Oats-Further and more discouraging
reports of crop damage by the weather
started comparatively firm feeling In the
oats market. II did not last long. how
ever. Taken as a whole. however, bust
ness was active and sales heavy.
Provisions were weak from beginning 10
end. The hog receipts are providing more
than the cash demand will absorb and
corn is weak.
Closing Quotations.
wheat-May. 76c: July, nc.
Corn-May. 52tzc: July. 53&c.
oats-May. 29l4c: July, 20
Raftey-5iC.
Rye-e6tkc.
Flax-sI4s bid.
Timothy-S.
Pork-Lower: July. si2s2ik: September,
$3.50.
Iard--Lower; May, ss52i5: July ssea
Ribs-Lower: May. $S.15; July, $6.27.
Live stock.
Cattle are selling about where they did
a week ago. The best kinds are a little
higher. while common lots are weaker
With receipts OF only about $500 head to-
day. cattle were active and stronger. with
some sales at an advance Of cents. Good
shipping steers. s5Q5.50: fed Texans. $40
gas.
There were about 1000 hogs on sale. At
the reduced prices n good business was
transacted. The bulk OF best heavy hogs
$3.50: best light weights si.e0 At the close
however the best heavy hogs sold AZ 81 IS
and the best light az $50
Sheep-This was a great week for sell
erS, and prices have risen fully 25c per 100
pounds for choice sheep and soc for best
Mexican lambs. The receipts continue
fair. Today's market was duh az about
Zoe lower. bat some choice native So pound
lambs brought $6.50-the top price OF The
week
Ra,etDts-Cattle sg1. hogs . 0fso. sham