The herald., 1896-11-25
CHICAGO MARKET,
The Days Transactions on the Board of
Trade.

CHICAGO. Nov. 24.-Wheat had all kinds
of statistical support today and was bene-
fitted to the extent of ~ cents advance in
the May option Two of the big features
were small Northwest receipts and esti-
mated European requirements from this
country of 1000, 900 bushels of wheat and
more for some time to come. Other mar
kets however. failed to follow this lead,
corn declining 1sc. oats advancing Il and
provisions declining to 7ia cents. There
was a firm undertone in wheat from the
start, although the news was not especial
ly exciting nor unusually builish, but senti-
ment was apparently friendly to the buy
ing side. The first Liverpool cable quoted
the ''consumptive demand disappointing
although quotations were I'd higher The
opening strength came altogether from the
Northwest. Minneapolis and Duluth re-
ceipts were only 562 cars compared with S3S
a week ago and Ill cars on the cores
ponding day of the year before. Chicago
receipts were SO carloads; year ago they
were 4S9. Here at last was something tan
gible as to the real situation in the North
west. 1T gave support TO the assertions
in primarw hands and traders were not
SLOW to recognize this fact. The second
cables, however, which showed a 14d de-
cline rather put q damper on the spirits of
the speculators ana sharp though tenn
porary decline followed. Opening figures
for May were at S01a to S07s as compared
with yesterdays closing priG.-of S0l5 and a
decline to S0il followed, A dispatch from
New York which quoted December wheat
al Liverpool six pence per GENITAL higher
than it closed yesterday caused a sudden
jump in prices. Although this was soon
known to have been a gross blunder other
news of an almost equally sensational
character had meantime been received and
kept up the advance which had been start
ed. The worlds visible supply was report
ed to have increased only 1.42I 600 bushels.
Europe Of 2624O09 bushels and a decrease
of 1.19IO00 bushels on this side. After this
announcement May, which had previously
risen to S1l2 advanced quickly to S2ls. An
other item of great strength was the Liver
pool Corn Trade News estimate that the
United Kingdom and continent of Europe
would require from this country 100000
bushels per month until July list. The re-
suit of this was a further advance TO S2A.
ed. principally from profit taking. AT that
figure the market closed. Corn was heavy
and inactive and with apparent difficulty
maintained itself at about 14c below the
great strength in wheat did not do much
to influence it unless in the way Of pre-
venting n more material decline. The de-
mand for shipment east was said 10 be dis
appointin small and was one of the chief
reasons for heaViness. May started un-
changed at 27ls and gradually sagged to
only a scattered interest was centered in
business. The market was the dullest for
ais. An easy feeling existed early but a
the closeIDces were steady to a shade bet
ter than given at the finish YESTERDAY.
Nav opened a shade lower, at 22m221s. sold
to 22h, closing steady at 22ls Provisions
were firm for awhile in the forenoon. help
ed by comparatively small run of hogs
and the desire to buy was soon satisti d by
the packers. English houses also sold and
the market gradually declined, notwith-
standing the fact that wheat was advance
ing sharply at the time May pork closed
7is cents lower at 1919. May lard about :
cents lower at 4.25; May ribs cents lower
at S.97laM4.00.
The leading futures closed as follows:
Wheat--No. 2 November, 1914; December
1884 lM7S7s; May, s17sGS2.
Corn-No. November, 23ss; December,
oats-No. 2 November, 1875; December
1875; ay 22ls..
Cash quotations were as follows:
Flour was firm; No, spring wheat 791s !:
No. 3 spring wheat. 7eMi1 No. . red. SSaifr
$685.; No. 2 corn, 2SSs; No. oats, 10; No .
white. 2la.M22 fob: No. 2 rye 81; No. .
barley. nominal; No. 8. 23uS6; No. 4. 246i2S
fob: No. fax seed. 766l7s prime timothy
seed, 2.54h02.55: mess pork, per bbl 6601D
665; lard. per 100 lbs. S11a; short ribs sides,
Qoose). 36705.90; dry salted shoulders,
(boxed). 4AM4i9; short clear sides, (boXed),
37sd4 whisky, distillers finished goods, per
gal. 1.1S.
Receipts. Shipments.
Flour, barrels ......... 1900 5000
Wheat bushels. ......... 81 coo 100 600