The Coeur d'Alene press. (Coeur d'Alene, Idaho) 1892-1907, 1896-10-24
THE MARKETS by TELEGRAPH

Chicago. Oct s2.-one OF the heaviest brsAks
IN prices ever recorded in one day on > market
which was not Influenced by the bursting OF
corner. was the outcome OF todAy's trading
IN wheat. Prom the close Of the day before
until the last moment OF todAy's session the
decline was nearly cents per bushel. Corn
and cats held steady, and compared with wheat
they might almost be called strong. ProVta-
sots Likewise were but slightly affected
December wheat which closed yesterday af-
tefl1ocn al '5Acy opened this morning At from
14'sc- selling down TO TsAc. A few Of ihons
who wanted 10 sell succeeded In getting above
&c and in a brief space OF time there were
no buyers al over TAG 1t Is not often that the
price has such sensauonAliy sudden coll&pss.
Tight money was the principal factor Of the
weakness. as the banks are said To be inclined
70 refuse loans. and the carrying changes.
which spectators have had to pay. are said
70 have been in some instances as high
20 per cent per aunum- II was felt that such
conditions could not continue without q DE-
pressing eject On values. and hence the smaller
operators who were suffering the most incon-
NeIlence as borrowers made an early rush .
set This brought immense amount Of
wheat on the market Stop loss orders were
IN the hands q nearly every commission ran
and the opening decline caught most OF thssa-
Ia the last 10 minutes OF the session bediAm
broke loose. TIE price began to tumble and
panic about describes the condition Of mind of
many Of the holders Of long wheat
December tumhled to seac in less than 10
minutes and closed at 7oiso, or &C below the
hrlal quotations Of the day before. Close; De-
cember wheat 7oh.c. orn. sz+.c: oats. iSAe-
Receipts: Wheat sSaooa, corn tsS.eoA oat.
sl2 oo1
rive Cents Lower I'm New York.
New York. oct. s2.-Toiay's wheat declined
10 point Sc below last nights close All
lay Ions the market was under bear control.
although at midday talk % export business IN
The northwest started some buying. Il only
served 70 intensity the GENERALIZATION OF the
last half hour however. The break was Ge-
oompSnied by the widest excitement. ami
prices descended So rapidly that 1t was utterly
impossible fer brokers to execute their orders
anywhere near tie desired figure.
Indian Demand Ceased.
San Francisco, Oct S9.-wheAt had another
break today, but the bulls believe il will sN,oa
reach point where the demand will Agaia
be stimulated A depressing factor In ghla
market for the last few days has been that the
demand for wheat for shipment to India has
entirely ceased. While futures were generally
down at rapid nate. George W. McNeAr wa
paying SIZE per GENITAL for SPOT wheat, peeem-
Der at the same moment was selling at sLA
Portland wheat.
Portland Oct. q -wheat-wAlla walla. 90
NC; Valley, 5SJ54c-
san Francisco Grain.
San Francisco. Oct s2-Barley-Feed. fair
to Eood. 7Iss1SOe: ehoiee. aSGSssse' brewing.
oSts-whIte. a.o5G1.sO: black. for feed. $50
N.eS; black. for SEED. N-seJl.so; red. for seed.
sscGN.
Metal Quotations.
New York. Oct. ss.-l&ar silver, esxc.
CopPer-firm; brokers price. sIo.Ts; exchange
price. $40. 55gl0S0
Lesd-steAdy; brokers price, Ss.su: exchanges
price. $S.
Live stock.
Chicago, Oct. s2--cattie-The sales were On
a basis OF SASsQS.tQ for common butchera q
TO NJS,lo for choice TO prime shipping cattle.
with the bulk OF the transactions AZ ~ sslfA -:
steekers and feeders. s2.t0GS.T5: COWS AMI
hsifers, S2G3; bulls HGsTS; calves. steady;
western range cattle. S5J2eo.
Hogs-Sales ranged at 81 ieQ1 90 for coArss
heavy 70 prime droves with medium ana hEht
weights selling close for good. Packing losa,
S.tO6S5o.
Trade Was rather active at Si.60G1 for IN
terior to choice fat sheep: westerns going AZ
SAs0GS5o; extra native heavy export sheep.
a.ss6Sso; poor to prime lamhs sold at g. sea
AZ; feeding sheep. H.6SG1.b,
Receipts: Cattle SEQ. hogs 3. oco. sheep " co
Packing House Products.
Chicago. Oct S--Jan0ary pork. yI.Ts; lard.
| $40: ribs. t5-S1-
miscellaneous.
New York. oct. 93--Hops-Steady.
woci-cutet-
rptroleum-cuiel.
Conee-cloSed arm; March. ss.esaaTo. Deesn-
her. Ss.sS0a. 70: SPOT Rio. quiet. mild. Qulvt.
i SuEar-Raw. Arm: refined. quiet