New-York tribune., 1896-10-21
LESS EXCITEMENT IN THE WEST.
FINAL WHEAT PRICES IN CHICAGO HIGHER THAN

MONDAYS CLOSE.
Chicago Oct 20-By comparison with Yesterdays
market for wheat this mornings trade at the OPEN
ing was decidedly tame. The modified tone this
morning partly in continuation OF the easier fee
ing which developed at yesterdays close. bu, more
especially because OF pause In the advance at Liver
pool
Armour seemed 10 be manoeuvring to-day to break
wheat. Cudahy to support T.: and the latter fnally
prevailed. For the first day In weeks the pit cond-
tIons were a matter OF some Importance. Heretofore
no one has had any eyes for anything except foreign
conditions. The days range was wide one. three
cents bushel. Prices AT one time showed loss
from the best figures OF Monday of four cents. The
last prices a cent yesterdays close and Only
and one-haf cents under yesterdays top figures
December opened at 7I7s. sold between 75s and 'sS.
and closed al 1Ssk cents, On the Curb" December
sold 70 Cables lower. they were ex-
pected to: yet Liverpool and Paris only lost small
share OF the advance they had made the day BEFORE
The market up to noon felt acuely the liquidation
which had taken place Monday, The decline here up
to noon was much severer than II was abroad Cud-
ahy. however. was a large buyer or the break
The rally was ID by news from New York that
o0No bushels OF wheat had been sold 10 spain Inc
crowd was caugh; short" Even open selling by Ar
did not prevent sharp recovery. The early
weakness was Increased by the liberal Northwestern
receipts, larger even than last years, l,'"' cars
agains, 1896 Prmar: receipts were about as large
last year, 30S COO bushels The cash market mere
was weak up to noon. When the futures started
up samples" were helped Armour was sill a seller
Of cao;s said to be due 20 the blockade al his ele
vators ~
The advance since Friday has been s'+ cents. The
total advance in the price Of this years has been
over 80 cents bushel President c. II. spencer, OF
the Exchange. says The advance IS not manipulated
one The advance" said ne. lis due 10 the un!VeI-
sally short crop. The stock OF red winter wheat -
unusually small The crop In india was almost
total failure In Argentine and France the output
TnGspsy small dheTG h., was Ss MUM nan,e nrP po n
ditons prevailed in the north OF England Inc hi>-
crop this year Il short nearly loo.V)oGc bushels
Naturally the demand is greater than tho supply
compared TO taose Of Europe The foreign countries
are looking to us for their wheat.
81. Louis Oct. 2o.-Trading in whca; compare
lively quiet a, the Merchants Exchange this morn
ing. December wheat opened AT Soit cents. an In
crease OF Il cent last nights closing quotation.
The market slowly declined during the irst half-hou
Of business and at 10 o'clock had fallen 10 .si, cents
II reacted later on. and al 1880 o'clock December
wheat quoted at Iess cents. The decline IL al
tr.buted TO lower Liverpool cables.
San Francisco. Oct. 0.--The excitement in wheat
abated considerably to-day. and prices had quite
decline from the extreme points reached yesterday.
When the first cub price In Chicago came
through at 71as, against 1872 AT yesterdays close
there weaker feeling in the local pit. Al 91s
liberal sales made. May opened at 81 y ana
fell TO 81 81. closing at 5l4. December opened AZ
81 ~ and declined to 81 +s At 1915 December sold
down TO 81 IS and May 10 s. .s', Az 1il5 the news
OF a sharp rally In the Chicago market somewhat
strengthened the situation here May opened at
81 ~ gain Of ~ cents over the previous lowest
price. and then sold back 10 SIN December
opened 81 43sa to u ~ and then fe 10 ~ hi.
closing at 81 47%
Options were steadier this afternoon. December
opened AT 81 4e4 and closed AT 81 S's. May opened
al 81 5aia. hse TO 81 bSts. and closed at 81 S3