The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1896-10-30
CHICAGO MARKETA


Chicago. Oct. 8-The tuIlish whirI
which wheat experienced yesterday aft
ernoon was the nero raising OF the dust
by the preliminary gusts OF wind which
nrecede Q hurricane. Tho 2Nc rise Of the
previous day was increased In the course
OF the first fifteen minutes today by the
addition Of another 2Ac. December,
which sold on the day before at 7osx070gsc,
sold as high ~ &c In the time named
The rush CT buyers at the start was such
that sellers easily secured from 71Ssc to
&c at the first brush In the pit. and not
many hut got at least &c above the low
er Of those prices. In ten minutes tho
price had risen to 7sc, and after reacting
to 7214c it rose to IKE. From the latter
point there was . more serious decline
than the first. The sudden bulge led to
some suspicion that the hand Of the man
tpulator was on the lever which controlled
the movement. But there were 9TH
er considerations, which had much
irfuence. Liverpool cables were high
er. There were private cableErams
confirming the bad crop situation In India
and Australia. and noting additional sales
Of cargoes to 60 to those points. New
tive buyers there at the opening, and that
the exporting houses which had large ac-
ceptances last night on probable offers
were also buying freely. But the pace got
too hot. Realizing started in. and the ac-
cumulated bearish news which had been
lost sight OF In the general hurrah began
to have its effect. Minneapolis and Du-
luth received .22l cars of wheat. compar-
ed with 1.0S0 Thursday last. and Lbs cars
q year ago. That kind OF movement re-
peated from day to day In rather unset
Ting the small crop theory. The chief
excuse for the break from 7szc to 71Ac
had. however. nothing in common with
-
money In New York that did It. Reports
from there in succession quoted call
money 10. Is. - end 50 per cent. bid. and
wheat was offered for sale In large guam
titles with the inevitable result. Notwlth-
standing the 50 per cent. rate for money
In New York. the strength Of the foreign
cables at the close was such that buying
again became general. and another Jump
to 12sko resulted. return Of the money
and another reaction to T7sc took plice.
The latest bidding was at that figure.
Business In I'm was very quiet.
Oats were quiet. with prices firm early.
but reacted later.
Provisions were dull. within . narrow
range. Continued large hog receipts again
exercised depressing influence.
Closing Quotations.
wheat-October and November. o56c;
corn-oc.oDsr. nseanae; December. ~
G24%c.
Oats-October. 17l1c; December. lskc.
Pora-October, $50: December. $Aso
Lard-October, e4-2la: December, N.A
Rybs-October and December. $2eo.
Rye-S5isc.
Barley-Oc.obsr, Nk0eGe.
F7ax-&s07oc.
Tmothy-$2.M
Live stock.
Cattle-Sales Of cattle were on basis
OF g SoG3.s0 for the poorest native beef
steers, I'D 10 $50 for fancy cattle. with
trading largely At S4347s: ssockers and
feeders. g. 75F5a5: Western rangers were
strong, with steers and cowx sales ~ 81
"a. 90: common 10 prime hogs selling at SO
3p. with the bulk Of sales ~ 4.B93-0;
packers droves. $s133.
Eheep-Inferior 10 coed docks Of sheep
were taken at a.1sfs3. and prime natives
were largely nominal AZ S.S03-n S.: lambs
sofa IT g 5cq43. chiefly at $780, with
prime flocks scarce and steady a. A.to0
4U.
lo.000.