The herald., 1896-01-31
CHICAGO MARKET
The Days Transactions on the Board OF
Trade

The Days Transactions on the Board OF
Trade
CHICAGo, Jan. 80 Wheat was very ner-
vous. The early English cables we're higher
and there were strong continental mar
kets, with good outside buying, which
started shorts to covering, and there was
an early bulge to 65H after having sold to
641a. But when the most pressing orders
were filed there was Il halt in the demand
which started some realizing and short
selling, and the weakness was evidently
helped along by manipulation in the inter-
est of some of the big operators, and the
price went to 64L. The market turned at
this point, when some of the big sellers
early began to cover and the market start
ed upward. The news turned bullish,
while the interest increased and developed
into excitement. under which there was
rally of nearly q cents from the low
point. There had been a considerable
short interest created during the first hour
or two, and in the rush to cover which fol-
lowed the price went up to nearly
&C. Minneapolis wired that con-
siderable quantity of wheat had been
taken there for prompt rail shipment to
Boston and ultimately for export. Cali
fornia wired that her stock had been re-
duced 800, 900 bushels during the last
Minneapolis, and the -four sales this week
were reported at 81 1000 barrels. close
calculation was said to show that the mills
were using $50 cars of wheat day, and
that when all her mills started, as they
will be next week, they will require 800
cars day, leaving very little of current re-
ceipts for the general trade. Many of the
big dealers TUNED active buyers as the ses-
sion advanced, and there was little wheat
for sale. Corn was moderately active and
firm, but the greater part OF the strength
could be traced to the advance in wheat.
The market for oats was quiet, with the
feeling hrmer, following the sti length in
wheat, and at the close slight gam was
noticed. The provision market was dull
and inclined to be weak, but the strength
of wheat lifted the price a little near the
close and left only fractional decline as
the net result Of the days business.
The leading futures ranged as follows:
6s &C. May, 65s4c; July, 65aasc., corn-No. .,
January, 2o14c, May, 3u4c: July.3 ssc;,S ptem-
ber 323sc. Oats-No. Z, January. l9c; Feb
ruary 1nG Max c: say ysaws Ilc Flour
Was firm.
Wheat--No.2 spring, 63l4Ce6al4c; No. 3spring.
sc't 2sEc. outsNo. @ rev. :, i ia.c; t' Ha white, sos@
&c: No 3.whi e.l9ia0p lU4c. Rye-No ,391atg
4oc. Barley-No.s s,nominal;; No ,s,24@37c; 10:
timothy seed Fs. 7oae;s.75 Mess porEk-Per Dbl,
$40 25(GlD 32is. Lard Per 100 pounds S5.67s
m$5.7o; short rib sides-Loose. $a. 2oGs5. ~.
Dry salted shoulders-Boxed. 800 C. Short
clear sides Boxed, 5l4cG5l2c. Whisky-Distil-
lers tni he'd goods. per "a lon. $l.22,
Flonr- Barrels Ieceipts' GOO; shipments. ,nn
shipments, $4,000. Corn--Blshels receipts,
$4,000; shipments, 72.o00. Oats-Bushels.
receipts, 27l,oo0, shipm MS. 17',0O0 Rye.
bushels, receipts, 50UO; shipments, 1000.
Barley-Bushels, receipts $4,000; shipments.
10 900
On the produce exchange today the butter
market was steady; dairy, l0(gl9c; creamery,
l4Di91ac. Eggs were weak; l-15gl4c.