The herald., 1896-01-26
CHICAGO MARKET
The Days Transactions on the Board OF
Trade

The Days Transactions the Board OF
Trade
CHICAGO, Jan. 25.-It was a day of high
excitement throughout in the wheat crowd.
Quick, nervous flashes of impatience
marked the varied transactions, and big
traders stormed through the turmoil of the
pit in their eagerness to seize the key of
the enigma. 1t was sentimental apparent
Iy more than the news which gave the
market the big bulge. Cables were only a
trifle better. The political situation abroad
was more peaceful. There was no wheat
clearances from New York. and only about
100000 bushels in wheat and flour from
both coasts. And in addition to this, Ar
gentine was said to have shipped 100000
bushels during the week, the largest for a
considerable time-and private cables were
received announcing that the port of Odes-
sa was opened and that wheat shipments
would soon be resumed. The Northwest
ern deliveries, 435 cars, were larger than a
week ago, and the general primary de-
liveres also liberal. But sll this could not
repress the energy of the bulls, and there
was such wild buying that every short soon
struggle to cover, while there was hardly
any for sale except at what seemed to be
fancy prices, but which they finally cou-
cluded to pay. Right at the
start there were sellers at from
63A down to 63H,. but at
were confined to few fives for which there
were twenty buyers for every one offered,
and after few preliminary plunges and
recoveries between 6334c and Gao, the
price took a shot up to 65c. reaching there
inside of the first forty minutes. The fact
Al. 49, t>a&t kt<1
week were 100000 bushels larger than
last week and another large decrease in
the visible is expected exercised a powerful
influence in starting the boom. Brokers
generally credited the lightning-like
changes to Armour influence, and many
withdrew to view the smoke OF battle from
a quiet nook. The bull sentiment seems to
bs in the air and needs nut little encour-
agement to keep it going. On the bulge
some of the big buyers began to hesitate,
but the crowd had got in line and the mo-
mentum still carried it upward. May
reached 657sc and closed at $3.50. Corn
was fairly active, but all it's strength clear
ly came from sympathy with wheat. A
very active market was reported for oats.
The feeling was strong and prices followed
the fluctuations of wheat and corn, closing
full cent higher. Provisions were strong
and fairly active, and while there was a
light run of hogs, which of itself was sug-
and bulge in wheat to give the shorts suf-
ficient fright to drive them in. The lead
ing futures closed as follows:
Wheat-No. 2, January, 615sc; February,
csc; May. $3.50; July, 651ac. Corn--January,
2s5sc; May, 80; July. 81: September. 33M.
Oats-January, 1919; February, 1870;
Cash quotations were as follows: Flour
Was firm
6215c; No. Q red, 6o7st0672ac. Corn
No. 2, 1880. oats-No.2, 19140i81ac; No. 2
white, 2O34921}ac; No. g.. white. 1870.
10 3 ats9< b so 24s axss.a to s7s; so No Z,
timothy seed. 1913. Mess pork-Per
bbl.. $40. 6Ot0lO 70. Lard-Per 100 pounds,
$5 III 1855. 80. Short rib sides-Loose IS. 71Sto
$5. .2212 Dry salted shoulders-Boxed. 42s to Sc.
Short clear sides-Boxed. $50 to 51ac Whisky
-Distillers' fini he'd goods, per gallon, $l.22.
Flour-Barrels, receipts, 1000; shipments,
shipments, $4,000. Corn-Bushels receipts,
3l4 200; shipments, 120OO Oats-Bushels,
receipts. 100000; shipments, 16S, ,OO0 Rye.
Bushels, receipts, 1000; shipments, 1000
Barley-Bushels, receipts, $4,000; shipmnets.
l4,OOO.
On the produce exchange today the butter
market was steady; dairy y,slO@17c; creamery,
l49i9c. Eggs were steady; fresh, 15}10l6o.