The Austin weekly statesman. (Austin, Tex.) 1883-1898, 1896-11-26

country of 100000 bushels of wheat
per month for some time to come. Other
markets. however, failed to follow this
lead, corn declining 1-Sc oats advancing
l-Sc and provisions declining 5d7 LIE.
There was a fair undertone from the
start although the news was not es-
pecially exciting nor bullish, but senti-
ment was apparently friendly to the buy
ing side, The first Liverpool cables
quoted the consumption demand disap-
pointing" although quotations Were
Id higher. The opening strength came
altogether from the northwest. Mime
apolis and Duluth receipts were only 5S7
cars compared with S2S cars a week ago
and 11O1 cars on the corresponding day
of the year before. Chicago receipts to-
day were SO carloads; a year ago they
were 4S9 cars. Here, at last, was some
thing tangible as to the real situation
assertions that only one-third of the crop
was left in primary hands and traders
We're not slow to recognize this fact
The second cables. however, showed
lid decline, rather a damper on the
spirits of the spectators, and a sharp
though temporary decline followed. Open
ing figures for May We're at so II to
so 7-Sc as compared with yesterdays
closing prices of so lie and decline to
so 1-4c followed. A dispatch from New
York. which quoted December wheat at
Liverpool 6 pence per Genital higher than
it closed yesterday, caused a sudden
jump in prices, although this was soon
known to have been gross blunder.
Other news of an almost equally sensa-
tional character had meantime been re-
ceived and kept up the advance which
had been started. The worlds visible
was reported to have increased only
1 ,427, 600 bushels, there having been an
increase in and ahoat for Europe of
3 .224.0 600 bushels and n decrease of
/, $4,000 bushels on this side. After this
May, which had previous
ly risen to 81 1-2c advanced quickly to
50 1-Sc. Another item Of great strength
was the Liverpool Corn Trade News es-
innate that the United Kingdom and
continent of Europe would require from
this country 100000 bushels per month
until July 1. The result of this was
further advance to 50 1-4c.
Near the close a reaction to 81 $50
SIC followed. principally from profit TAX
ing. At that figure the market closed.
Corn was heavy and inactive and with
apparently much independence, closing
lie below the previous day. The great
strength in wheat did not do much to
influence it unless in the way of prevent
mand for shipments was said to be dis
small and was one of the
chief reasons for heaviness.
In oats only a scattered interest was
conferred in the business. The market
was dull. according to pit professionals.
An easier feeling existed early, but at
the close prices were steady to a shade
better than given at the finish yesterday.
Provisions were firm for a while in
the forenoon. helped by a comparatively
smaller run of hogs, but the desire to buy
was soon satisfied by the packers. En-
glish houses also sold and the market
declined, notwithstanding the
fact that wheat was advancing sharply
Mt the time. May pork closed lie
lower. May lard about DC, and May ribs
DC lower.
Estimated receipts Wednesday,: Wheat,
45 cars; corn, 40 cars; oats, 13o cars;
hogs, 10000 head.
Cash quotations were as follows:
Flour-Firm.
No. 2 spring wheat. 79Hc; No. 3 spring
wheat, 76@77c: No. 2 red, SSM@S9Ac.
No. 3 corn, 233sc.
No. 2 oats, 19c; No. . white, f. o. b.,
No. 3 white, 1S@1913c.
No. rye. SIC.
No. . barley, nominal; No. 8, f. o. b.,
24d36c; No. 4, f. o. b.. 24@2Sc.
No. 1 fax seed, 76M1Sc.
Prime timothy seed, $2.521a
Mess pork, per barrel. S6.60d6.65.
Lard. per 100 pounds, S3.S5M3.S 11@c.
Short ribs sides QoOse). $3.6OM3,g.
Short Gear sides boxed, SKATE.
Whisky, distillers' finished goods, per
Tho leading futures ranged as follows: