The representative. [volume] (St. Paul, Minn.) 1893-1901, 1896-11-18
CHICAGO GRAIN.

CHICAGO Nov. 16.-Wheat suffered from a
plethora of bear news today and closed &c low
Corn ard oats held steady on limited business
corr closing shade lower and oats unchanged.
Two surprises were in store Tor wheat specu
lators at the opening today. One the
heavy Northwest receipts The receipts Of
cars. against S93 on the Monday preceding and
LES on the corresponding day OF the year
The first accounts of the Liverpool market was
indicative Of frmness. but later dispatches
advised Id Genital five minutes after the
opening These two items were sufficient to ere
ate a decidedly weak feeling, and in half an
hour from the start December which had
ed at from roc, yesterdays closing price, down
to 7Sl2c was struggling to keep from going be-
low 771ac. The sudden increase in the receipts
belief was freely expressed that both this and
the decline at Liverpool due to the Chicaeo
more legitimate advantage. The visible sus-
ply. which had been expected to increase not
over 100000 bushels or $685. 900 bushels. found
to have increased 10S5,0O0 blu. good many
were even looking for decrease. The dsap-
pointment in that respect caused the price to
take another sudden plunge. December had
meantime recovered to 7Sc. and it dropped to
77Ac the publication Of the visible figures.
The demand for cash wheat was unusually ur-
gent, both for export and for milling, and
was one of the strong features Of the day.
The sales up to noon aggregated nearly 100000
port.
The market became very feverish during the
pool at the close quoted a net decline of from
2Ad to 21ad for the day, and only Antwerp
continental market showed an advance. The
declines at Paris and Berlin were tr1fng how
ever. The Liverpool weakness caused December
wheat to get down to 171bc. There a quick
rally in December to 7Shc under the encourage
ment of the large cash business. Another drop
to 77esc was followed by final rally to 78Ac
which was the closing price.
Corn was dull and easy, but there was no
important break enough strength developing to
hold prices fairly steady. The weakness in
wheat had some influence. cables weaker
and more liberal receipts expected. Trad
ing was almost totally local. May started un-
changed at 2S%c. sold at 281ac, declined to 2811c
and closed steady at 2SA@2S%c.
In oats well corn, business was prin-
cpally Of local nature. There was some dis
position the part Of the shorts to cover and
the decline, which after the OPEN
Prices rallied this and closed practically
deelined to &s ana rsd 6 ss C. x 1s
1t closed. +srer'-. .f.
Provision prices tended but one way, and
that downward Receipts Of hogs were
lower. Commission houses and packers sold free
ly and products suffered a still further decline
though rallyng q trifie with wheat near the
close. January pork closed 121sc, lower at 81. To-
January lard. l2hc lower. At 10: January
Estimated receipts Tuesday: Wheat, 100 cars:
corn ATS cars: oats 40 caEs;. hogs, 1000 head.
75c; No. 2 red, s514QoseAc; No. corn. AN @25c
No. oats, 1S%.919c; No. white, T. o. b. M
22hc; No. white. 1sG21hsa; no. rye sa6e;- NO
barley. nominal No. ( O., b., .25037c: No
(. o. b.. 25930c; No. 81 flax seed, eq4sbap7sc:
prime timothy seed. $3.50; mess pork, per barrel