The herald., 1896-03-03
CHICAGO MARKET
The Days Transactions on this Board oi
Trade

The Days Transactions Oh this Board OF
Trade
CHICAGO, March 2.-In wheat fair activ-
ity was displayed, there being good trade
within 4 range. The feeling developed
was unsettled. May started with a gain OF
about &c, and there was good reason for it.
Two elevators at Minneapolis, holding, it
was said, 1,5OOO,OOO bushels of wheat
were reported burning, and commission
houses here had orders before the opening
to buy in wheat sold in Chicago against q
large proportion of their contents. The
Liverpool market was only I'd higher, but
the Russian shipments of wheat and flour
for the week were only 1,6Ss 900 bushels
compared with 100000 bushels on the
week before. With such strong induce
ments the buying for half an hour was
vigorous and general, and the prico of May,
which at the close on Saturday was 6712 to
6755c, started at from So to 6SIc, and in
side of the first hour it had risen to 6S}2c.
At this price, however, a strong inclination
to realize was manifested. Several holders
of big lines took advantage of The bulge to
put them on the market and the price
gradually eased off to 6734. The life went
out of the trade when the decline took
place, and for an hour in the middle of the
session business got down to small pro-
portions.
The Atlantic port clearances were de-
pressingly small, there being no shipments
of wheat since Saturdays report. and only
36,S50 barrels of flour. Then came the
reports Of rains in California. thus break
ing the drought prevalent there, and under
this influence the price had further re-
action. The market for an hour before the
close seemed TO need bull news to sustain
- 81,
got down to 67Lc. The latest trading was
at 67H@773sc.
Corn was quiet and sold within narrow
lines. May opened firm and frac tionally
higher at 3O34c and advanced a trihe with
wheat, but heavy estimates for tomorrow
caused reaction, the closing figures show
ing no change.
Oats, trading was exceedingly dull and
rather inclined to weakness. May opened
unchanged at PIC and closed at 81 "a
21Hc.
Provisions opened strong at good adj
vance. prices gradually receding, and at
the close pork showed an advance of 71dc
and lard and ribs &c each. Business at no
time was heavy.
The leading futures closed as follows:
Wheat No. 2-March, G59zc; May. 672sc;
June, 671ac; July. .67l4c.
Corn, 30. a.MaIreh. .,,; 2ec; Msy, aos4c;
Oats. No. 2-March, Zoe; May, 2ll4c;
July, 21l4c; September. 21Mc.
Cash quotations were as follows:
Flour firm
No. . spring wheat. 65laG66I4c: No. 3 do,
G3laG67l4c; No. red. 694c; No. corn.
23023l Sc; No. . oats. 20l4c; No. white, 21t2G
2lAc;. No, 3 white, 20. agile; No; Rye.
40c; No. barlee, nominal; No. 3 barley,
27637c; No. 4. barley. 2sCG29c; No faxsee /,
S9lac; prime timothy seed. ~ 55@36O; mess
pork, per bbl, 1852 20; lard, per 100 lbs,
$5.3z1a aG5.35; short ribs. sides, loose. $5.05
(n51O; dry salted shoulders. boxed, $3.50
Age; short clear sides. boxed, 5ls0I5l4c:
whisky, distillers' finished goods, per gallon,
$l.22.
Receipts and shipments were:
Flour, bbls. .................. 5000 900
neat, bu.................... 4u,oOu o",OUO
Com, bu.. OBS, 900 1I1, 900