The herald., 1896-01-23
The Days Transactions on the Board Of
Trade

The Days Transactions on the Board OF
Trade
CHICAGO, Jan. 22.-From the start the
wheat trade was Enthusiastically bullish, and
May. which closed yesterday at 61N@
6lH, started nominally at 611a. There
was practically no wheat for sale at this
price, however, and from the opening il
was changing hands in $4,000, $4,000
and 100000 chunks at 62%. The feeling
was in sharp contrast with that which pre-
vailed at the close yesterday. After the
trade had had a nights reflection it was
unable to discover why it had been go pam
icky, and the suspicion was raised that
they have been the victims of raid de-
signed to shake out the longs and buy
cheap wheat. This conviction, with the
fact that there was no bear news, but on
the contrary much that was bullish, caused
rush on the part of those who had sold
out yesterday, to reinstate themselves on
the long side. The heavy realizing which
followed caused some break. Cables
opened lower, but there was considerable
strength developed later. The northwest
ern receipts were light-only 265 cars; the
primary deliveries were also small. St.
Louis reported 25O,OOO bushels sold
there to go by river to New Or
leans. and the flour business was
reported quite active. The official
report of the Argentine exports for 1895
showed that with the small amount left
over the total was about 3S, 100000 BUSH
els and that those of 1896 will not exceed
that. The Washington crop bureau in it's
January statement makes a shrinkage in
the English wheat crop of 22,7OO,OOO
bushels while Russia has 1857 900 BUSH
els less of wheat than last year. There
was also rumor that the government
would open negotiations with Spain for
the purchase of Cuba, which would open a
big flour market for America and this prob
ably had some effect. The market was
quiet but nervous during the last hour.
Corn was strong, taking it's strength from
wheat and scored good advance before
the middle of the day. firmer feeling
Sympathy with wheat and corn to some
extent was the cause of the advances, yet
good short buying was the main backing
of the strength. Provisions were quieter
than for some time past and an easier feel
ing prevailed. Hog receipts were liberal
and this with the Orange-Judd Farmer re-
port showing that there is no scarcity of
hogs in the country. caused an easy feel
ing, but the strength in wheat prevented
any decided drop.
The leading futures closed as follows:
g Wheat-Ne VI eat e,, 2, Januarg, eo19c; February,
27y4c; May, 29H; September. 315s July,
30lsc Oats-January, 1870; February, 1870;
July, 20Ac; May, 20y1c.
Cash quotations were as follows: Flour
Was firm.
Wheat-No; spring, eo9z@e1c; No sspving,
5s@5s34c No. red, 65@65hc. Corn
No. ., 259sc, Oats : No. :, 1890; NO .
white, 2OA @2lc; No. 3. white, 10000.
Rye-No z, 3SAc. Barley-No. 2, nominal;
No :. f. o. b., 26c to 3sc; No. A.
Prime timothy seed. 1855. Mess pork--Per
Dbl, $40. l7lag91O 27l5. Lard-Per 100 pounds
So 21sG$5.65. Short rib sides-Loose. Sc. 90 to
So. 05. Dry salted dshoulders-Boxed. AZ to Sc
Short clear sdes-Boxed. $3.50 TO 51ac. Whisky
-Distllers' finished goods, per gallon, $l.22
Flour-Barrels receipts, II 900; shipments
$4,000. Wheat - Bushels. receipts, 10000;
shipments, $4,000. Corn-Bushes, receipts
$4,000; shipments, 64,OO0. Oats-Bushels
receipts. 44S,O00; shipments, 10000. Rye
Bushels, receipts, 5O0O shipments, 5000
Barley-Bushels. receipts, $1,000; shipments,
On the produce exchange today the butter
market was steady; dairy I10@17c; creamery,
14Oi9c Eggs were steady; fresh, 15I59l6c.