New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1896-10-22
LOWER PRICES ~ THE WEST.
TIGHT MONEY STOPS THE EIsE-THE CAR FAM
me WIDESPREAD.

me WIDESPREAD.
Chicago. oct. ?l tSpeclaD-There was A Sensational
wheat market here to-day with the fluctuations al
most a Wild as Tuesday. Tho situation made
the more exciting because the foreign seemed
10 be OF one sort and the domestic or another
December wheat opened ~ cents to - cents sold
between 77H and ~. and closed AT ~. cents on
the curb the price nuciuaed from 7Jie cents T.
7s7s cents Tho dominating influence here was light
money The foreign was al bulsh but
outw weighed. Liverpool came "a higher. and although
e dd no, close its last prices were stll ied
over Tuesday The Continental news was OF the
sironges; sor. advance Of II cents being reported
al Odessa. India buying was said to be the cause
There certainly an excellent demand At the sea-
board for Scw-York reported for;y-sIx loads taken.
Everybody here. however had his eye on the cash
market Round lots Of spot" offered in the pit
o. cents under December. which meant IL per cent
for money Spot wheat Minneapolis was I cents
under December. which meant 81 per cent for money.
The discounts here all widened about cent Armour
was still a seller OF caro,s due TO the blockade at
bs houses The Increase in the worlds visible supply
0s. Oo0 bushels was .argcr than expected. Receipts
in the Northwest were almost as large a. last years.
Oh cars agans, $50 Clearances for the day were
22o 900 bushels Local receipts were $40 cars. with 229
cars estimated for Thursday
Corn suffered from ilgh; money as much as whea;
and in the same CARROTS went begging. Cash
corn sod r., cents under December. unusual dis
count All The spreads wiiened greatly. Receipts
we're sse cars with 705 estimated for Thursday The
,o,,bor Vest was good. The vessel rate was up :.
cen, which was against the shippers Charters
we're only $4,000 bushels Cables were steady: sea-
,d co,rances were 800 900 bushels. The selling was
30 an influential kind. lei 10y elevator people and
SINNERS The latter reported me demand poor New
work however reported twenty oads Tor export.
u cold from 9ss. cents 10 ~ cents. and closed AT
n,,s suffered as scrcrcy from arge receipts and
,,,h, money az any of the other grains The widen
ing out OF the spreads WAS se"'a''o"'',. 'c'o''
eeaa ,"s 90 A. cents discount under May. The whole
arte, was weak. with the nearby ana spot
Tho weakest May sod from y cents 10 Zi's cents
, wy. ,od a, 2i. cents Receipts were as cars. with
ss7 cars estimated for Thursday ~ .,
'' ,, cnrh .pu.s' December wheat closed at
-,m cents: calls" al ~ cents. iuS on May corn
closed a. rcorts mat the freight car faminr j. as
snminr alarmins proportions IN M the Wesl, ~ ~
Missouri rnc'nu and ,hc Union Pacific. Burling on;
Hmaha Elkhorn and Rock isi,m" ,si al" ,Ir rhi
~ ,h number Of required cars III Nepi',sh'' VIZ,
IN IN 'hc NINE In Iowa and Kansas is even worsr. &c.
The roads have need OF cars oI icing rushed to
al the wheat In the country - ,"h %s nr'.n Al
an 'b 'n market during the present hfn ppIc r,Il n
,hougl it is believed by many any xere ,a a' shpper Hnd
reach 81 De,k liking no chances. and consequently
anis 10 &c, his wheat on ,ne nrrhe' ris at o'e
and dsnoeh nke from St Paul says The atsn9n Snr,b
Of James j. IIill presidsn, oa t"g sensatona story
erm in nd TO mnr n
P,'' Charles a. flhspuy an" ot'I..
eiiect ~ ,.h h,ve entered into Rigah'ic co"ph
| OF w.ai,n r,nr wheat. Mr.. Hi charhcterhcu tlie
| tion 10 co,urbov absurd. He SAID ,hat IcpotLt"
story as hs voTioms stations along the Great NEr,n ,
from aI n indicated that there was & aat %, Ss sh last
erh boae elevators than at any NM lot ,h e ,he
three years 'n,ving 1 TO the market with unusual
grain wa ~ the great rise In the price OF wheat
speed s.t Friday Grain was even moving IN ,asse
since ' az EN- as far West as ldano ana Wash-
quantities ir'P ~ e going direct 10 Portland thence
insoh. .shinped TO India NJ Hiil rejects the r dea
that there ro,b Mr. Washburnc and Mr.. Plllsbury
OF wheat. ID no denied that they had any Interest
wSatever in a wheat co'h.'. s,
St Louis Oct ln ,ns as, sssap nour and 0 a
'he ~. my December wheat was quoted M
Close derts 10 hid This is drop Of 20 cents from yes
! terdays close d, .r.o 49, -, .r,,r.
san ,na 10, al wheat market this morning May
"o' a "a a, 81 20 declined 10 81 is's, reacted. and
Sraduay advanced to 81 SS4 at which 1t closed,
sra,u,unaa ~ IE cents from Yesterday, December
ened NJ 81 H. 3ls cents under yesierdays cio2s
oPen.u, 20 a 4sig, then to 81 a.. and closed al -
)uinPuui. The sales light. weak tone
cen. la throughout the final morning session. and
pern was a further decline. May wheat went
tnSrr tnwn To 81 M and December to 81 i2s.