The herald., 1896-01-21
CHICAGO MARKET
The Days Transactions on the Board
Trade


Trade
CHICAGO, Jan. 2O.-There were good
many selling orders on the market at the
opening and some of the big professionals
were marketing their wheat freely, some
for the short account, some in the way OF
realizing and some in the way OF hammer
ing, presumably to get prices OIL in order
to find good spot for buying. But the
weakness was only temporary: Liverpooi
cables came higher. New York sent lib
eral buying orders and reported that there
was a good foreign demand there, The
worlds shipments for the past week were
reported at only 5,50O,0OO bushels. or
100000 bushels less than the theoretical
consumption. The amount on ocean pas
sage decreased 100000 bushels, and as
New York reported decrease of 1,3O0,-
900 bushels in her stocks, the trade
began to look for an unusually
large decrease in the visible.
In addition to this there was
big boom in provisions, pork being es-
pecially buoyant, and this helped to de-
velop additional strength in wheat. Shorts
got considerably excited and sold freely,
while the general trade broadened and the
volume of local speculation was materially
increased. May opened trifie easier at
6O5sc, gradually getting down to 6O%@
6O5sc, rose to 6l1a in about twenty MIN
l.
with a heavy business. On the bulge, how
ever, there was free realizing, and as the
final visible supply figures do not show as
much decrease as expected, the price Went
off about &c by noon. The price near the
close got as high as 61 7sc on rumor OF
100000 bushels having been marked
for direct export, and although the
rumor had no basis in fact, the market
closed firm at 6l5s@61A. Dispatches
from New York saying that gold was
bringing from 15 to q per cent premium,
and that between $2,OO0,0OO and $4,000
600 in gold would go out by Wednesdays s
steamer, had no effect on wheat. Corn was
strong, and large business was done in
the pit. The strength came in large meas
ure from the advance in provisions, which
started shorts in covering. Oats were firm
and higher, with very good business do
ing in sympathy with wheat and corn. An
other heavy days business was done in
strongly upward. Pork, lard and ribs were
equally bullish, and there appeared to be a
heavy short interest which became seri-
ously alarmed.
The leading futures closed as follows:
Wheat-No 2, January, 5slsc; February
S7c S7sc aySs May ss5se July July s6Ie oats-janSsry
lsc; February, st6c May, zO3sc July, 201c.
Cash quotations were as follows: Flour
5s@59lsc No. . red, 6Ssa sG4]sc. Corn
No. 3. 271sc. Oats = No, :, 1slSc; No 2
white, 2O@2O1Ic; No. 3. white, 1el4@2ol4c.
Rye-No 2, 3Sc. Barley-No. .. nominal
No 3, f. o. b., 24c to SIC; No. 4,
f. o. b.. % to 26c; No. faxseed 9ll3c.
Prime timothy seed, 1878. Mess pork--Per
barrel $40. .45l91O so. Lard-Per 100 pounds,
S57 to $5.7715. Short rib sides-Loose, s.. o n
$5.15. Dry salted shoulders-Boxed, 45s to 4slc.
| Short clear sides-Boxed. 51sc to SIZE. Whisky
--Distillers' tini he'd goods. per gallon, $l.22.
sugars-Cut, loaf, $5.75; granulated, So. IL;
| standard A, $500.
Flour-Barrels, receipts 1000; shipments.
| 1000. Wheat = Bushels, receipts, $4,000;
| shipments, 81 900. Corn-Bushels, receipts,
All 900; shipments. 145.00o. oats-Bushels,
/ receipts. 327,OO shipments, 127, ,O00. Rye.
| Bushels receipts, 5000; shipments, 1000.
Barley-Bushels. receipts, $4,000; shipments.
| 1000.
| on the produce exchange today the butter
market was dull; dairy, 1O@l7c; creamery
| 15lG2Oc. Eggs were steady; tresh 16yl7c.