The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1896-10-27

OtilCAGO, HOcl. Zo.-lne net dppIe-
citation in the price of wheat today was
1 cent, but the market was nervous
and in a position to be worked" Bush
ness was on a much reduced scale, not
only in wheat, but in the other grains
and provisions. In general way it
was a bull market without bull news.
AS is usual on Monday the trade had
important statistics, but they did not
leave their mark. There was dispo-
Sition to follow leaders or guess what
the market might do next regardless
of natural influences, and this deyei-
oped a Scalping trade. The Decemoer
options in wheat opened at 6S7s cents,
and the highest price for the day was
71k cents. The lowest figures were
69A cents. Shortly before the closing
hour news came of the burning of the
Pacific elevators, and this caused the
market to firm, the final price being
70H cents. 1t cannot be said that
there was any excitement during the
days business for the reason, perhaps.
that there was nothing in the infor-
nation received to warrant 1t. The
foreign cable reports indicated de-
cline of one penny and this had it's
gether it was simply a scalping move
ment.
CHICAGO, Oct 26.-Wheat acted in
a most cratic manner this morning.
The cables from Liverpool were 1ad
higher, that information being the
mainstay of buyers and holders. There
were heavy worlds shipments, esti-
mated at 100000 bushels, to offset
them however, and the northwest re-
ceived liberal supplies. 1929 cars
arriving against 1.642 last Monday and
1,7O4 year ago. A prominent local
freely on Saturday, and his tuying
caused a quick upturn early, but that
demand out of the way, prices dropped
below Saturdays close. Chicago re-
ceived 298 cars and inspected out H.
500 bushels. The visible supply in
creased 2,477,000 bushels and the
amount on ocean passage 10000
bushels. Closing Liverpool and con-
tinental cables were all lower. The
market during the remainder of the
session made several sharp recoveries
but in each instance being succeeded by
relapse. The English visible supply
increased 1,159,G00 bushels. The re-
ported burning of q large elevator in
the northern part of the city
strengthened values towards the close.
Export clearances amounted to 41S,S15
bushels. December wheat opened from
69s to 7OA, sold between TX and 69A,
closing at 70a4 @707s, 1@15s higher than
Saturday. Estimated receipts for to-
morrow 275 cars.
No. red spot wheat was about 10
11a over December. ranging from 70A
to 1855, closing from Tx to TN.
Oats-May closed 8@A higher.
Estimated receipts for tomorrow 400
cars.
Provisions-Some grades of hogs were
lower at the yards this morning
whilst others were somewhat firmer.
Product appeared to take kindly to the
latter and at the same time imbibed
strongly with wheat. Range of prices
on all articles was very narrow and
at the close January pork and ribs
were 200, ~ higher and January lard
5 higher
Closing prices: wheat-october,
6S3s; December, 74@743s; May, 751s.
Corn-October, 2SA Q231a; December,
PAYS Q25; May, 2S1a.
Oats-17&; December, 1885; May. 215s
@21az.
Pork-December, 7O5; January, 7.so.
Lard-December, 4.223z@4.Sz1a
Ribs-December, S.7O; January, $780,