The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1896-01-26
CHICAGO MARKETS.
The Board OF Trade.

-
Chicago. Jan. sit was a day Of high
excitement throughout in the wheat
crowd. Quick. nervous flashes OF lrnpa-
thence marked the varied transactions.
and the big traders storrned through the
turmoil of the pit in their eagerneSs 20
seize the key OF the enigma 1t was SEN
nnent, apparently, more than the news,
which gave the market the big bulge.
Cables were only tribe better, the poiiti-
cal situation abroad was more peaceful,
there We're no wheat ciearanees from New
York, and only about $4,000 bushels IN
wheat and -four from both coasts. And in
addition 70 this Argentine was said 10
have shipped 2I6.oo0 bushels during the
week, the largest for considerable time.
and private cables were received announc-
ing that the port of Odessa was opened
and that wheat shipments would soon be
resumed. The Northwestern deliveries.
ass cars, were larger than week ago. and
the general primary deliveries also liberal.
But ali this could not repress the energy
of the bulls and there was such wild buy
ing that every short soon got on the. run
and there was an exciting struggle TO COW
err while there was hardly any for Sc u eN-
cept at what seemed TO be fancy prices.
but which they finally concluded 10 pay.
Right at the start there were sellers at
from eSS.c down 10 f2iac. but at the lower
of those prices the offerings were confined
TO a few fives, for which there were twen-
" buyers for only one offered. and after a
few preliminary plunges and recOveries be-
tween e5s4c and e4c the price took shoot
up 20 Soc. reaching there inside of the first
forty minutes. The fact that the exports
from both coasts for the week were COZ, 900
bushels larger than last week, and that
another large decrease in the visible is
expected, exercised a powerful influence
In starting the boom. Brokers generally
credited the almost lightning-like harome-
trio changes TO Armour influence and
many withdrew 10 view the smoke of bat
tie from quiet nook. The bull sentiment
seems 10 be in the air. and needs but little
encouragement TO keep it going. On the
bulge some of the big buyers began to
hesitate. but the crowd had got in line and
the momentum still carried ii upward.
May reached 657sc and closed at 652sc.
Corn was fairly active. but all its
strength clearly came from sympathy
with wheat.
A very active market was reported for
oats. The feeling was strong. and prices
followed the fluctuations of wheat and
corn, closing a full cent higher.
Provisions were strong and fairly active,
and while there was a very light run OF
hogs. which of itself was suggestive OF
higher prices, IT took the excitement and
bulge in wheat to give the shorts sufficient
fright 10 drive them in.
Closing Quotations.
Wheat-January, 625sc; May, Gssc.
Corn-January, 2sSsc; May, 37s Q3ic
Oats-January. 1910; May 21ac
Pork-January, sl0.65 May, s1o.921s.
Lard-January, S5.771.; May, 81. 031a.
Ribs-January, $50; May, $o.45I547z
Rye-39i5c.
Barley-24l35c-
FIaxseed-93c.
Timothy-S3.T0.
Live Stock.
The receipts OF cattle, though small, were
equal to the demand; common to prime
beeves, s.. 20d4.60; stockers and feeders,
81. 65Q3S5; bulls, cows and heifers, 1850
$50; calves, s5Q625.
HCSs-Today's run was extremely small,
even for Saturday. and prices took another
upward turn of 5@l0c, the bulk of the hogs
bringing 81. 20a48: lights, SiQ410; best
pigs, s3.50ll4.
Sheep-The few sheep received today
were closed out at unchanged prices, sales
being on the basis of S2Q250 for inferior,
s.. 1913 for fair to good, and $S.25GI3.6 80 for
choice TO prime. Eastern markets are re-
ported as glutted with sheep, and until this
surplus is got rid of the Chica go market is
not likely TO undergo much improvement