The morning call., 1895-02-03
CHICAGO MARKETS.
Slack Export Demand Causes Weakness
in Wheat.

CHICAGO, Feb. 1.-THE weakness in Wheat re-
suited from slack export demand and reports of a
decline in Argentine wheat and the other markets
followed. For q moment or two at the opening the
Wheat dealings were at a shade better than the
closing values OF the previous afternoon. The
steadiness thus indicated was of very short dura-
ton and from 5214c for May at the start, it de-
cned in less than half an hour to 5234c to 527sc.
The Liyerpool market was quoted at 1sd higher
for American Red Winter Wheat, and the Western
receipts at Minneapolis and Duluth amounted to
only 17S cars, as compared with 1913 last Satur-
day and 500 year ago.
These facts were known previous to the opening
of the session. and probably account for the firm
ness at the start. The st. Louis sales of wheat to
local mllers for shipment, which created the
bullish feeling with which the market wound up
yesterday, were being made little of and were
claimed TO be of no special importance The ST
Louis market started rather easy and gave en-
couragement to the idea that the sales were en-
tirely due TO cut rate in rail fraight rates to the
seaboard.
A cablegram to q New York house saving that
London dispatches quoted decline of from Sd TO
Cd in Argentine wheat was, perhaps, more infu-
entially bearish factor than the discred attempted
to be thrown ST. Louis cash business. The market
became weaker as the session progressed and May
was selling at 525Sc about thirty minutes from the
close and wound up at 52Tsc.
Corn was quiet and weak, owing to the weakness
in wheat. Although receipts continue light they
are more than sufficient for current wants in the
absence of any desire among consumers to stock up
against any future scarcity.
May opened at 40H214ooSC IneSP were the TOD
prices of the days raid, and it sold down to 42Zsc
and closed at 43@431sc. Only a fair business was
done in oats Fluctuations were influenced princ-
paly by those in and wheat, and after suffer
ing decline early, oats recovered somewhat and
closed at or within very small fraction of yester-
days closing. May sold from 2S5sc to 2S1lsc and
back to 2S1ac at which price the market closed.
The publications of the stocks of provisions
caused that market TO rule firm, and to advance in
the end 15c for pork, 71c for lard and lOc for ribs
Larger stocks had been confidently looked for.
Livestock.
In cattle to-days receipts were estimated at 500
head, making 37.474 for the week, against AZ 900
last week and AZ, S43 year ago. The market was
nominally steady. Sales were on basis of So 25@
rs for common 20 extra steers, So 2503 IS for
stockers and feeoers, 81 50t03 rs for COWS and
81 1904 25 for Texas cattle.
In hogs the arrivals were estimated at Id 900.
making 17354S for the week, which is AT 600
more than for last week and $4,000 more than q
year ago. There an average loss of about a
nickel the bulk of the 200 400 pound hogs SELF
ing at S404 20. and from So rs So 80 taking the
bulk of the light.
Sheep-Recepts were about 1900 making
"a 900 for the week, against 5649O last week and
64,574 the corresponding week last year Prices
quoted about steady, ranging from SO 5On4
for common to choice, with extra up to 81 20Gdl
25; lambs, $3 50C93 80.
Receipts - Cattle, 500; calves, 100; hogs
$4,000; sheep, 1900.