The herald., 1896-02-08
The DAVIS Trans sac.ions on the Board oi
Trade

Trade
CHICAGO, Feb. 7.-Wheat-There was
less doing, the market at all times ruling
quito slow, the range for the session being
l Tsc. There was more disposition to mar
ket long wheat, and while the pressure was
at no time very urgent, it exceeded the de-
mand and caused the early weakness.
There were three quite bearsb items in the
early news. Liverpool WAS quoted I'D
lower than at the close of the day before
as cabed to the board of trade, but a
private cahlegram presumably cover
ing later hour at Liverpool than the
public message said | penny lower, owing
to disappointing demand for spot wheat.
The Minneapolis and Duluth receipts we're
5S4 cars, against 5 a week ago and 1S9
cars on the corresponding day of year
ago, and message from San Francisco
said that wheat declined 2 cents per cen,a!
because of "a falling off in the demand and
an excellen. outlook for next seasons
crop. Later accounts described the cordi-
ton of the Argentine wheat as so bad that
it was heating in the holds of vessels. This
relieved trading from its early tameness
and caused IA scramble for May among
those who an hour earlier had been sellers
at 663Sc and had TO pay 81 &c for some of
it shortly after the hour OF noon had been
turned. The opening prices were 1sc lower
at from 667s TO 6Tc. and during the first
hour it had worked down to 665sc.
private cablegram from London saying
wheat was strong there, with indica tons of
the materially higher prices contributed to
recovery. In tho last half hour the mar
ket here became very strong. The price
for May got up to 6S9sc near the close, and
although various runiors were a1loat the
real reason for the squirt seemed TO be that
New York sent neavy buying orders be-
cause of another batch of builish statistics
1aI l,;s l,t tl,n ahi f,f
Liverpool Corn Trade News concern
ing European clearancea. The closing
price for May was GS1Sc bid.
The cablegram referred TO was as
follows: aggregate stocks of flour and
wheat atloat for Europe on February l
we're 20 100000 bushels, against 29,700,-
600 bushels on January and 35,OO0,OO0
bushels on February |, 1898. Stocks in
store in Europe, 4S,OO0,O0O bushels,
against COL 100000 on january / and
46.100,O0O on February l, 1895. Com
bined stocks decreased l6,O00,OO0 during
January. European requirements large;
Further decrease in supplies anticipated
during this month and March. America
appears to hold q peculiarly dominant po-
sition.'-Corn Trade News. Corn was q lit
tie weaker early in the day end sold off nc,
but there was fair cash demand. Trading
in oats was limited, being in sympathy
with other grain markets and the prices
not materially higher. The provision mar
ket was heavy, notwithstanding the after
noon buliishness of wheat and the small
receipts of hogs.
The leading futures closed as follows:
Wheat No 2-February, 66}sc; May, 6slsc;
jun, 6S6: July, 675sc.
Corn, No 2 February. 2s4c; May, 30Ssc;
July 313lc; September. 32zsc.
Oats. No. 2-February, 1870; May, 21l2c;
July, 2iA Sept.,21
Cash quotations were as follows:
Flour was steady; 40. spring wheat, 6Gl50
66sic; No. spring wheat, 6Jr No.
red 7Ols070A4c; No. . corn, "sl4c; No.
. oats. 1Ds4c No. 2 white, zee; No. ) white,
a0}5@,!14c; No. 2 Rye, 2Sl4c;. No. 2 barley,
laxseed Ole; prime timothy seed $a65;
mess pork. per bbl. slo.2Oa 1925;
lard. per 100 .lbs, s5 55; short ribs sides,
loose, $3.50: dry salted shoulders,
boxed, 4l5@4slc; short clear sides. boxed,
53s@ol5c: whisky, distillers' finished goods,
per gallon, $l.22.