The herald., 1896-12-12
CHICAGO MARKET.
The Days Transactions on the Board OF
Trade.

CHICAGO, Dec. 11.-Wheat took lis
opening strength from the Liverpool mar
ket May, which closed weak yesterday
at 1874, opened today at from 1873 10 i9A and
inside of an hour had climbed to 1873. Open
ing quotations from Liverpool showeda de-
cline OF I'D, but later cable also received
before the opening of the session mere
showed a half penny recovery. The general
tone was decidedly bullish one private ca
BILE from a well-known Liverpool mouse re-
marking that the decline had brought I, toro Or
ward an active demand, ana expressed .ne
opinion that prices had touched bottom.
Later cables reported a further advance
bringing prices from led higher Tor MarcE
to Id higher for May than the closing prices
of the day before. The Liverpool strength
was said to be due largely to bad reports
Of the Argentine wheat crop. 1t was gen
orally expected that the government crop
report would exercise very aepressrnS IRE s1.nS
effect on values. 1t showed that the crop
soWn last fall Is not only per cent greater
in area than harvested this year but me
condition is nearly perfect ano' indlcates
Weld fully 1GO coo. 900 bushels greater than
gathered this year. providing always that
neither condition nor acreage suffers any
impairment. But the trade took the view
that considering all that the plant has got
10 encounter before next harvest, eight
months hence, present conditions dld not
offer very safe basis for 1uture actlon.
New York gave the best KIND OF conrrHlu-
tion to the improved tone OF the foreign
markets by reporting a liberal demand
from correspondents of English houses
against cable acceptances OF thelr previous
afternoons offers the fore1gh news nsos, war far
the advance which took place after the
opening and which was mostly malntalneu
to the end. Northwestern advices were 10
the effect that receipts there will be much
smaller after Monday. Receipts at Mlnne-
apolis and Duluth today were 5SI cars com
pared with 969 a year ago and Chlcago re-
ceved As cars against ~ iast fat;o feat saa- r.a
ports amounted to the equivalent OF 5oo.oOo
bushels. The closing public cables were
rather disappointing. inasmuch as althoush
Liverpool quoted futures advanced spot
California was Id lower and NO. northern
I'D lower Continental markets We're gen
orally firm. Corn was depresslnsly dul.'
although firm. The firmness was princi-
paily due to the advance in wheat. While
A. fair transaction in oats took place there
was no such interest manifested as yester-
day and before. Provisions took the oppo-
site course to that of the day before, were
dull and weak today.
The leading futures closed as follows:
Wheat, No. 2, December. - .-o-,
May .-3,tu '9's
Corn No. 2, December. .........2S 2SA
January 5eM 5s9te eSas eSs
Nav Observation-Disclosures. .z3fsWzo
Oats, No. ., December.
May ........................ ..'...-u3s
Cash quotations We're as follows:
Flour. steady: No. spring wheat 76@
76N: No. spring wheat. .euu; no. re1.
No. 2 white. 21M221a; No white. 171sdlS:
No 8 rye, 80: No. barley, nominal; No.
24a34 fob; No. 2sas6 fob No; zd,f fax az.
mess pork, per bbl.. 6.S006S5: lard per 100
lbs. s.75@377la; short ribs. sides, doose),
SS0G4.O5; dry salted shoulders. (boxed).
4A041h: short clear sides. (boxedD. 4M41s:
whisky, distilers' finished goods, per gal,
Receipts Shipments.
Flour. barrels ......... 5000 5000
wheat bl1shels....... q, coo 1900
Corn bushels .15S. 600 $1,000
oats bushels. .........3 COO 1872, 900
Rye. bushels. ............. l4OUo
BARLEY. bushels, 1900 1900
On the produce exchange today the but
tor arlxet steady: creamery 15M2S: