Mexico weekly ledger., 1896-01-23
BEWARE I'M TIME.-|The first acute tWinge Of (
SGIATICA W ii iTi
Use ST. JACOBS OIL. g easy ;sssvSs1 sss oJ yx' : ss: sy
W. G. PRESS & CO.,
Grain and Provision Commission Merchants,
q and 4 Sherman ST.. Chicago.

III their special market letter say:
The subsistence of the European wal
scare left our wheat market in shape for
n reaction from the higher prices,
caused by speculative buying, there be-
ing a liberal amount tc dispose of as
soon as holders discovered that the fight
ing fever was abating. The first break,
however, induced quite Tree buying by
traders who base their operations on
the situation as reflected in crop adj
vices and the statistical reports of sup
ply and demand. This buying was
helped by the stronger feeling devel-
oped in other cereals and in provisions:
the latter furnishing the major portion
of the sympathetic support. The mar
ket exhibited signs of reyiving strength
until deserted by several strong trad
ers who evidently feared the effects of
the free Northwestern movement and
the stringency in the money market.
While these causes may temporarily
affect wheat values. we believe there
will be sharp recoveries from all ma
terial breaks, and that traders should
not expect a steady, advancing market
until later in the season when crop
| scares and q decreasing visible supply
may be expected. In the meantime
the situation will warrant purchases on
| breaks for reasonable profits. The
| closing of some of the Danubian ports
by ice, and the delay in the marketing
of the Argentine crop in consequence
of the wet weather prevailing at bar-
| vest time, has sharply decreased the
| amount put afloat weekly for Europe,
and has impaired a firmer tone to for
eign markets. although nc material adj
vance has been reported. There have
been reports of ~unfavorable weather
for the growing crops in France and
Russia, and the past week has not been
| all that could be desired for the we'll
fare of our own crop. There has,
however, been no cause for alarm.
The receipts at Northwestern markets
have been very liberal and the export
movement somewhat smaller. Millers
are less anxious buyers, the demand
for flour for the moment Beng less urg-
ent. The market in the mean future
will doubtless be governed chiefly by
the spring wheat receipts, the gold
! movement and the daily adyices of the
kbusiness situation at the leading finan-
eial and distributing centers.
The corn market has been more
active. with an increased volume of
business. Shorts have covered freely,
and some strong men have eSpoused
the bull cause. The better tone, how
ever, has increased receipts, and if
they continue, we look for another
downturn before higher prices a be
forced and maintained. Later on
when farmers are busy with their
spring work and lake navigation begins
the situation will be much stronger.
So much of the corn that has been
cribbed has been bought at prices
which will not permit the cribbers to
sell for less than 33c to 35c in our mar.
ket that receipts may be surprisingly
| light until these figures are reached.
The same condition exists in oats
rand they will have to advance to 23c tC
to 25e here to enable warehousemen Il
sell at any profit.
Hog products has ruled very active
leading all the other speculative com
modities. Outsiders have bought lib
erally on the strength of light receipts
of Hogs and an excellent dOmeStit
and foreign demand for consumption
The liberal receipts earlier in the sea
son. in consequence of cholera in man.
localities, seems to have so reduced TIN
available supply that the movement a
present is inadequate for the demand