The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1896-10-20
CHICAGO MARKETS.


rrhscsxo Oct Is-after ,sciiRatirg be-
tween Saturdays closing price OF sasc,
and 7ssxc, the wheat market closed tcaay
a. TySc Iiyc above Saturdays closing ng-
IRE. The unprece Tented advance IN l-lv-
erpool was the cause OF the strength fhs
aggregate amount OF business was some
thing enormous and was characterized by
vic excitement and frequent and Stolens
fluctuations. Corn and oats disp4ayeo
considerable strength for a time.
Liverpool opened the ball for the Chi
cago wheat market. Early aD4sSfafls
from there quoted wheat 81 per ceHtal
higher than Il had closed on Saturday. the
equivalent OF Sc per bushel. That was
enough 10 start every thing on the lump.
but strange TO say the &C per busneI rise
at Liverpool was only responded 70 oy
Be advance here TO begin with. In faet
Minneapolis was the only home mar
TO come anywhere near being "a strong
as the markets abroad: The Absence OF
shorts in the Cafcago deal accounted for
the hesitatfug response to the big Jump
at Liverpool. The average professional
sneculstor locks for buyers 10 unload upon
such a market as todays. and III ne nap
pens 20 be iorg on wheat, and as the pres
ent spectators are almost entirely COM
posed OF that class. large numbers OF them
opened. For all that the start was very
wild. sales taking piese simultaneously
in different parts OF the pit at Isize and
notwithstanding the immense quantities
Tor sale az the opening, there were buy
ers enough 70 take care or Il for the time
a
Size. another crowd OF buyers reached for
ward and sent the rrice climbing once
more. II only STOPPED when II reached
10 &c. From that price there vas again
gradual decline and on that second rear-
ton the price got down TO "%Ac oy Ii
o'clock.
The pit was kept in n perfect boil by
the statistic news. But after every vio-
lent decline there was a more potent reac-
ton. end the trend OF ehs market was up
ward. until the receipt Of the worlds vlsi-
crease ~ 2.s7t aa0 bushels. and were the
cause % the decline 20 Ha.e, That was
ing shipped is 90 husaeis OF wheat - Eu-
rope last week caused considerable COM
melt in connection with the fact that
there had been 50 much buying or Gait
fornia wheat for that country. and rather
shook the confidence OF traders In their
belief OF a total failure OF she wheat crop
OF that country The worlHs shipment :
10 Europe appeared 70 he about $4,000
bushels or about J. go eCo Bushels less than
IN the week before. The estimated week
~ requirements % Europe for the present
that depleted stocks are being gradually
replenfshed- Northwest receipts are ex-
tremeiy large. although showing falling
OF from last week and last year. Min
neapo,is and Duluth report receipts AT
i.6S3 cars OF wheat. compared with i.su9
cars a week ago and f,sH on the corre-
spending day Of The year before
After The break 10 rae the price worked
up again TO Tie. but that WI. Its eNpsr-
ing Jump. II was again weighted down
with long wheat and dropped hefors the
close TO TIC, with TT1sc bid as the closing
phase o. the market.
The Liverpool market for corn was al
most as excited "a II was for wheat
First quotations from there were At an
advance OF flsd per GENITAL. That ard the
Wild rise in wheat gave corn here an ad-
vance OF from T4c 20 Ike Per bushe' az
the first tump. Realizing was INDUCED in
on an extremely large scale. and when
whea. showed signs OF weakness corn did
likewise.
Oats followed wheat ard corn.
Hog products opened firuer and higher.
but during the eariy part of the session
weakened materially.
Closing Quotations
wheat-Octoher TFssc, December, T&c.
corn-Octesber. 157.e; December, 2essc.
Cats-October, iss,e; pecs-nher i9Sc
pork-octobsr SAs. December sITta
Iard-Cctolyer 81 50. December, A35.
Rtbs-Cctober and December, ETA
Rye-40izc
Barisv-Z-zf3Tc.
Fiaxze~d-7s54l7 7So.
T4mothy-s7s 81