The herald., 1896-01-28
CHICAGO MARKET
The Days Transactions on the Board Of
Trade

The Days Transactions on the Board OF
Trade
CHICAGO, Jan. 27.-At the opening today
wheat was wild and prices were irregular,
but the buying sentiment was for the mo-
ment in the lead, and some of the transac-
tlons were at &c advance over the close of
the day before. But it was soon found that
Armour was heavy seller. HIS brokers
let the crowd have all it wanted at the
opening and followed the market as it went
oil. For time the trade readily absorbed
all the offerings, but as there were realiz-
ing sales by the trade at large and by out
siders, the market began to weaken. Ie
azso became evident early that there would
not be as large decrease in the visible at
expected. and this tended to increase the
weakness and there was gradual decline
OF nc from the early price. But on the
break the trade thought it discovered that
Armour had changed his tactics and had
turned buyer. His sales early, while the
market was fluctuating between 65X and
66 cents, were thonght to have been fully
1,500,0 700 bushels, but when the pIice had
fallen 10 64L his brokers were active buy
ers and the market strengthened notwith-
standing tho visible decrease, less than
half as much as reported, and prices soon
reacted nearly cent. The strong points
in the early news we're an advance of /
penny in the price at Liverpool, moderate
gains at Paris and Berlin and a correction
of the Argentine wheat shipments for the
week of "a 600 bushels instead of 81 1000
bushels as reported Saturday. As
against these matters, however, were the
northwestern receipts, Minneapolis and
Duluth reporting 724 cars, a big increase
The cold wave predicted for Sunday proved
to be very mild type. Still the opinion
is quite generally entertained that the plant
has already suffered material injury and is
at present in a very exposed condition.
The market got another lively rally after
that on report of doubtful authenticity,
saying that the present seasons crop of
Argentine wheat was too poor for ship
ment. The price reacted to 65% on that
and the still underlying fear of Armour
manipulation. In fact, Armour was a
considerable factor all through the session.
The crowd was inclined to think that his
open selling at the start was designed to
deceive and it was strengthened by his
buying later. Not much attention was paid
to the disappointment in the visible. May
opened about go up at 65N to
66H, fell gradually to 645s up to
65% and at noon was down to 64%. The
market was easier during the last hour, and
there was free realizing and short selling,
which gradually sent May off to 642s at
which price it closed.
The trading in corn was moderately
brisk, and the chief feature of it was the
taking of profits by people who had bought
OH Saturday. 1t opened strong in sympa-
thy with wheat, but tended downward dur
ing the remainder of tue day.
Oats were weak but active. From the
first there were heavy offerings, longs prin-
cipaily realizing on their holdings and TAX
ing advantage of the recent adqance.
In provisions the light run of hogs gave
the market a strong opening, and quite a
good trade was done at an advance of from
12H to 10 cents in May pork and from 4
to % cents in lard and 7 4 cents in ribs.
The leading futures closed as follows:
Wheat-No. 2, January, 617sc; February,
69a5c; May y.653sc July, 659sc. Corn-January,
273lc; May, 301s July, 311a September 32s4!
Oats = January. l9c; February, 1896
May. 211sc: July, 2lAc.
Whest-No . spring, 617s@6eqsc No spring
6o@62c; No. 2 red, 162s a667sc. Corn
white, 2O7s y21%c; No. 3. whlte, l9]a@2lhc
Rye-No. z, 401ac. Barley-No. 2, nominal:
/, TO- Q. b., l2Sa6; No I 'asxssed, ss@oSlc. Prime
Dbl, ti5l sio. 57lsSlo 575s Lard-Per 100 pounds,
50. SOg$5. 92It. Short rib sides--Loose 5000 %
$5.25. Dry selted shoulders-Boxed, AZ to sc.
Short clenr sides-Boxed. 5l4c 10 512c. Whisky
-Distilers' tini' he'd goods, per gallon, $l.22.
Flour-Barrels, receipts, 900n; shipments.
5000 Wheat = Bushels, receipts, 2S,00O;
276,O0O; shipments il1,U00. oats-Bushels
receipts, 257,000 shipments, 2Ss.000. Rye.
Bushels, receipts, 5000; shipments, 5000.
Barley-Bushels receipts, 64,O0O; shipments
80, 900.
on the produce exchange today the butter
market was firm; dairy. 1O@l7c; creamery,
l4@l9lac Eggs were firm; fresh, 159l6c