The herald. [microfilm reel] (Los Angeles [Calif.]) 1893-1900, 1896-01-25
CHICAGO MARKET
The Days Transactions on the Board OF
Trade

CHICAGO, Jan. 24.-Wheat during the
morning was quite nervous, though the
fluctuations up to noon had been only
about Nc. There were a good many dis
quieting rumors afloat concerning the
gravity of political complications growing
out of the reported treaty between Russia
and Turkey and an effort made to create
something of a war scare, but the fact that
consols were higher than yesterday and as
Liverpool showed but little advance these
rumors fell fiat. Then cold wave was
said to be working it's way into the south
west and the winter wheat was said to be
in danger. Another ruInor was started
that foreigners we're heavy buyers at the
seaboard and that Partridge was taking the
long side of the market. having fully COW
cred his short line.
But the undercurrent was 80 weak that
all this did not prevent gradual weaken
ing. There was little disposition to take
the long side and the buying seemed
largely from shorts to secure profits. The
moderate business up to about IL 80 was
followed by two minutes of considerable
excitement and lively advance in that
time of &c.
May opened slightly lower at 62Nc to
625sc, advanced to 62Ac to 627sc, and after
that to IL 80 O'Clock it had many fluctua-
idly from around 621ac to 631sc. No end Of
theories were advanced to account for the
latter Jump. New York was said to have
heavy buying orders here and large, but
indefinite number of boat loads were said
to have been taken at the seaboard for ex-
port. The truth seemed to be that some of
the recent heavy trading bears had been
buying wheat quietly all forenoon and the
scalping crowds had gone short. August
Brosseau, who had stood pat all forenoon
on short line of over 200, 900 bushels.
put brokers in the pit to buy in just as the
market started on its bulge and that
touched off the latent bull feeling, which
sent the price up with a whirl to 64Lc be-
fore the close. The latest price was 641sc
to 64Ic. The transactions in the last
twenty minutes of the session were simply
enormous and probably averaged 1,OO0,-
900 bushels daring every minute or that
time.
Corn was quiet and appeared to need all
the assistance it got from wheat.
| Oats-There was but little activity and
| the market was practically featureless,
with the range of prices narrow.
| The provision market was strong and
active from few minutes at the beginning
of the session.
The leading futures ranged as follows:
Wheat-No 2 January, e1Ac; February,
! 277sc May, 1888; september =; July.
July, 2Ossc; May, 20s4c.
Cash Quotations were as follows: Flour
Wheat-No. spring. 6 lsl@62114c; %. spring.
59lsCg6oAc; No. red, 65sG66l4e. Corn
No. 2, 272sc. Oats = No. ?, 1870; No. 2
Rye-No. 2, 3Sac. Bariey-No 2. nominal;
No. 3, + Q, b. 25e to 1885; No 4,
/; o. b. 2692s: No No. l fi ls:s ss 95c. Prime
bbl, $40. 35(eD1O as. Lard-Per 100 pounds.
80. CT sg$5.7O. Short rib sides-Loose, So. OF to
50. 12l5. Dry sailed shoulders-Boxed, AZ to SC.
Short clear sides-Boxed. 5asc to 51ac Whisky
-Distillers' finished goods, per gallon, 1922.
Flour-Barrels, receipts, 1000; shipments.
5000. Wheat = Bushels, receipts, 2l,OO0;
shipments, $4,000 Corn-Bushels. receipts,
332 1000; shipments $1,000. OatszBushels.
receipts. $4,000; shipments, 1874, 600. Rye.
| Bushels, receipts 10000; shipments, 1000
Barley-Bushels, receipts, $1,000; shipmnets.
81 900
| on the produce exchange today the butter
| market was steady; dairy ,sl0@l7c; creamery,
| 149l9c. Eggs were steady; fresh, 15]a9l6c.