The Austin weekly statesman. (Austin, Tex.) 1883-1898, 1896-12-24
GRAIN AND PROVISIONS
CHICAGO.

Chicago, Dec. 22.-The saving clause
in yesterdays wheat market, the big ex-
port demand, made itself considerably
felt again today and was perhaps the
principal factor in the days advance of
5-Sc. The trading was almost of a holi.
day character in wheat az well as the
minor markets. The close was unchang-
ed. Oats were about 3-16c higher and
provisions unchanged to 2 1c2c lower.
Wheat opened from IL to 3-4c higher
than it closed yesterday. May was want
ed ut from so Is to so 3-Sc, and II could
not be bought for less than the lowest
of those prices all forenoon, touching
so 5-Sc shortly after the opening The
cause of the strength was mainly the firm
and somewhat higher cables, the unusual
foreign demand yesterday and more bad
news from Argentine, the opinion abroad
being that even with good conditions from
now on it would not be safe to count on
more than 100000 bushels export from
that country The worlds visible shows
an increase of $4,000 bushels as com.
pared with an increase last year of
3,716OOO bushels and is not very bullish
on the face of it, but even this small in
crease was larger than the majority of
SPECTATORS had been led to expect. In
fact, it did not have much effect, but
served to pave the way for the weakness
which followed the announcement OF two
bank failures in St Paul. This latter
fact, coupled with the unrest in local
financial circles, brought some moderate,
w heavy lines on to the market and
q On u,sed n decline BY 1890 o'clock to 79c.
Foreign orders for cash wheat we're, Tor
the most part, limited to a shade under
the market, but one small parcel of 10000
bushels of No. 2. spring, was sold to
LIVERPOOL when the price of May was
soc. New York also advised some fresh
export business, so that when wheat
touched 70 1-2c for a second 1t was want
ed at that by brokers who were unapie
to secure any. BY the time the closing
bell rang the prices of May had again
risen to so 1880 3-Sc.
Trading in corn showed 'ne near ap
proah' of the holidays and was almost
enf;re,y of a scalping nature. Prices
were firm. ., . .;r
Oats were quiet with business prin-
cipally of scalping nature.
In provisions, apart from the eXcna ng
ing of 10000 barrels of pork held 1or
Januory over to May and similar trans
fer of few thousand tierces OF lard:
there was nothing worth remarklng OF
the days trade. Packers were rainier III
clined to accept offers a shade under yes,
terday's closing prices anu lhis icoui''u
in a slight degree Of weakness.
Y Estimated receipts Wednesday; Wheat.
20 cars, corn, 240 cars; oats, 10 cars;
hogs, $4,000 head.
Cash quotations were as follows:
ia ) spring wheat, 77@77Ac; No; 3
spring wheat, 73@74c; No. 2 red' o9H
NO. corn, 22sc. ,.,
No. 2 oats, 1614Q616&c; NO. Wnlte'
1SlJ62Oc; No. 3 white, 16AG17hc.
No. q rye. BIC. . o,ao.,.
No. 2 barley, nominal; No. s. 23as64c'
No.4. f. Q. b., 23@25c.
Prime timothy seed, $3.50:
Mess pork, per barrel, S6.12Ca ,o ~ Il
Lard. per 100 pounds, S3,1ad3.lI1s'
Short ribs sides Qoose), So. I5'a4,UU.
NV sailed shoulders (boxed), 4ACG4R2c.
Short clear sides (boxed). 419c
Whisky, dstillers' finished goods per
sa'ion' @i NEW YORK.
New York, Dec. 22.-Whea1 10 sso
aeipts. IS, 500 bushels: exports 90 153 5 S0
bushels: spot, frmer; No. ! hard, % 3Lot t
0nt;ons opened stronger on pet.
Tor cahIes and light spring Wheat
movement. sustained bad break
nnder the Increased worlds stocks
and the St Paul bank failure, but iater
recovered on heavy export trade, CLOSING
5-sG1 ssc net higher. No. 2 red May