The Austin weekly statesman. (Austin, Tex.) 1883-1898, 1896-10-08
GRAIN AND PROVISIONS
CHICAGO.


day, expressing the fact that foreign
news is watched closely. 1t was de-
cidedly bullish today, but profit taking
pulled prices down again, December
closing at an advance of l lac Corn
benefited slightly, closing 1-Sc higher.
Oats closed unchanged and provisions
IL to cents higher.
The strength displayed by wheat at
the opening was surprise to most of
the traders. December, which closed
yesterday at 81 3-4c, opened at IS 3-4M
6S 1-Sc, an advance of full cent, and
in the course of the first forty-tive min
utes had steadily advanced to 60 3-4c
The strength apparently came from
Liverpool and Berlin cables, which
showed an advance. Liverpool was
quoted firm, but unchanged i'll price for
spot wheat and I'D higher for futures.
That was the balance of yesterdays de-
cline in futures there. This certainly
was not sufficient incentive for an
initial lie advance, but a private cable.
covering later time of the day at Liver
pool. quoted another I'D advance in
futures, or Id higher altogether. The
reason for the strength began to be
understood, but it was only when. in the
course of an hour after the opening, the
commission houses, who had been the
best buyers during that time, commenced
from the seaboard and other points, a
rise to 90 3-4c for December appeared to
have any justification. Some of these
were enough to set the most confirmed
bear traders thinking. One read:
Foreigners very heavy buyers. They
want the actual wheat. We just filled a
buying order for continental house for
100000 bushels of October and 100000
bushels of country delivery Another
tnl bnt mi haI fpT
freight for cargoes of wheat to go to
Bombay. The advance, however, was
not unaccompanied by selling. a two
cent advance, even i'll these days of rapid
and large fluctuations, was very tempt
ing and it was taken advantage of with
vengeance and prices gradually slid off
to 60 1-Sc. The Minneapolis and Duluth
receipts were again heavy. The num-
Der of cars at the two places reached
1888 against 1882 a week ago and 1906
on the corresponding day of last year.
Bradstreets report of the world S
| visible shows an increase of 3,15O,OOO
bushels, and it had Il tendency to weaken
| the market during the last hour. De-
cember finally rested at 69c.
Corn was firm and at times strong, but
in the end made only 1-Sc gain. The an
ticipated raising of rail rates from Kan
sas points in the near future had prob,
ably some influence in bringing in
buyers. Most of the strength, how.
ever, came from wheat. May opened
3Sc higher at rs 5-SM26 3-4c, advanced
to 26 Use and declined to 26 Csc, where
it closed.
shorts. also by longs who realized Their
ambitions when prices advanced. Sym
pathy with wheat also created fail
tone Towards the close the market
weakened under free offerings by the
parties who purchased early. Business
was moderately heavy. May opened
Csc higher at 20 1-Sc; advanced to u
3-Sc and declined to 10 7-Sc, closing
steady at that price.
Provisions were firm on a moderate
amount of business. Buyers were en-
couraged by small run of hogs and alsC
by the firmness displayed by the grail
markets, and substantial advance fol
lowed. Prices settled back again later
the close being at small advances. .Janu
airy pork closed 1-2c higher at $3.50
January lard &c higher at S4.25, ant
ribs 2 12c higher at $3.50.
, Estima ted receipts for zoo Wednesday d.,
80 cars; hogs, 81, 600 head.
Cash quotations were as follows:
Flour-Firm.
No. . spring wheat, 67asc; No. 3 spring
wheat, 65M661ac; No. = red, 701ac.
No. = corn, DC.
No. . oats, 17Ac; No. , white. f. o. b.
19M21c; No. 3 white, f. o. b., 1G1aM20c
No. = rye 36c.
No. . barley. nominal; No. 3, f. o. b.
24M34c; No. 4, 24d2Sc.
No. l fax seed, 72M731ac.
| Prime timothy seed, $3.50.
| Mess pork, per barrel. S6.45d6.50.
Lard. per 100 pounds. S4.O212td4.03.
Short ribs sides Qoose), S3.4003.60.
Dry sailed shoulders (boxedD, 31sM4c.
Short clear sides (boxed). 33sd3Ac.
Whisky. distillers' finished goods, pei
gallon, S1.1S.
The leading futures ranged as follows: