The herald., 1896-02-02
CHICAGO MARKET
The Days Transactions on the Board OF
Traie

Traie
CHICAGO, Feb. 1.-The opening of the
wheal market was surprise to the trade
and set the pit in a ferment. Yesterday
closing price of May WAS 65@651sc, and
this morning wild shout went up from
66H@66%c, and soon as those who had
sold calls for the day at from 655s to 66B
could get their voices keyed up to the
proper pitch they were shouting bids at
at 663l or "a above whera the marke' left
off yesterday. The latter price was paid
before thirty seconds of the session hau
passed. r. alb mt forty minutes from the
opening and af err the prices had settled
again to 66H, the market took another
whirl to 81 cents. Armour was heavy
open seller, both in first and second adj
vances, al hough there WAS scarcely man
in the pit who did not think
Armour manipu' alton was at the bottom o.
both bulges. The Corn Trade News
figures. showing an UNEXPECTEDLY large de-
ficiency in wheat supplied fro n Eu: ope
was perhaps the prime BULLS factor, al.
though this was followed up decrease OF
l 100000 bushels in Liverpool wheat
stocks during January. The total ex-
ports from both coasts for the week were
astnnishingly light compared with the
week before, showing a shrinkage OF H.
100000 bushels in wheat aud Hour, and
the northwestern deliveries continue lib
eral. These bea,ish features were lost
sight of in view of the bullish conditions
reported from abroad, and there was ac-
tive covering by sborts and energetic in
vestment buying, and the advance was
sharp and excited and well sus.
tanned Armour made a pretense of
selling early. but soon With
drew; the country was in the market aga II
and commission houses had been buying.
| The sh 'rt sellers were thoroughly demon
allied and cou d do nothing but buy back
wha they had previously sold; t. ey were
afraid to cover Sunday shor: a bushel, and
in that state of feeling they bid the price
UP near the end TO 67Hc for May and 81
to 67Ec for July, and the market rested
with sellers at those prices. Corn was
strong and moderately active in sympathy
with the extreme bulishness of wheat.
In oats the market was quiet early, ana
when wheat commenced to go up there was
more activity shown and the price adj
vanced steadily. Provisions were fairly
active and strong, though the INFLUENCE or
the whe At furry was partially offset by
liberal selling by packers. The leading
futures ranged rs follows:
Jaiy nea &c c 3 T. February, ssc:
No ' > Tebruar t Isssc; March, 2oAc; July,
cash quotation, were as follows: Flour
Winter patent, T3. a. to 81 70 do straight
81 so TO ~. 40; spring patent, 50. 10 to 1919,
spring raigh 81. 60 to :. 30
wheat-No;! spring, ~ a. 524c; No3spring.
6-1adp 5lac; no, &. red, 69I4 634c. Corn-No
2. -o9sc. oats-No. 2. laAc; No. white,
10 h., ~ to 2lAac;- No. 3. whie. l5s4G &C.
Ry No 40i3 Barley-No. =. - NO =,
f OBJ. 25a35c: NO 4, a use: No. tlaxsred.
9.ac Piime timothy seed. 50. to. Mess
pork. Per Dbl. $lo. O010 5. Lard Per 100
pounds S5.17.g So. 80 short rib sides-Loose.
j., IS s3.371a. Dry sailed shoulders BOXED,
3a40 C. short clear sides Boxed. 5l4ctG5lac
Whisky Distil!ers' mi he'd goods, per Ga Ion,
$l.22.
Flour Barrels, receipts 9,OOn shipments.
100. Wheat t. Bushel receipts, 3S. 100:
shipments, ., 90. Corn-Bhshes receipts
217, 900; shipments $4,000 Oats -Bushels
rece ipts. a7s,O nD; shipm mis-, l47. 900 Rye.
ushes, receipts, 5000; shipments 5000.
Bariey-Bushels, receipts $4,000; shipments
lie . q.
on the produce exchange today the butter
market was steady; dairy. 9@i7c; creamery,
iaNl9I2c. Legs steady, fire. h, IL TO l3c.