The record-union., 1897-08-30
EASTERN GRAIN MARKET.
THE STRAIN HAS SLACKENED
VERY MUCH.
A Steadier Feeling, With a Slight
Improvement in Prices
at Chicago.

CHICAGO. Aug. 2S.-The strain in
the wheat market was slackened very
much. That was apparent as soon as
trading commenced. Liverpool was
firmer, and from 34d to 174d higher than
it closed the day before, and on that
account a steadier feeling prevailed
here at the commencement of the ses-
sion. Opening prices were at some i'm
provement, but there was no such radi-
cal difference from yesterdays closing
rates as has recently happened over
night December was the only de-
livery heard of for a minute or so, and
it brought from 904 to 901ac, as COM
pared with 90c at the end of the pre-
vious days session. 1t gained another
quarter cent over the higher Of the
opening extremes, and followed that by
a gradual decline to 1ac below the low
er SS1ac ruling about 10:45 o'clock.
The weeks exports from both coasts
as reported by Bradstreet's amounted
to $40, 653 bushels, against 3,5S3,O00
the corresponding week of 1896. That
showed sufficiently healthy export
movement to have been a probable ele-
ment of the firmness of the opening.
Argentine did not ship any wheat TO
Europe this week.
The receipts at Chicago were 100
cars. only 2S of them of the contract
quality Minneapolis reported 343 cars
received and Duluth SO. total of $50.
against 607 the similar day of the pre-
vious year. The exports of wheat and
flour from Atlantic ports for twenty
four hours were equal to about 6OO,OOO
bushels.
Beerbohm's cabled some startling
figures about European shortages, CIV
ing the wheat crop of Roumanfa about
100000 smaller than the year be-
fore, and of Bulgaria about 15,00o,oU,
less. The same authority estimated
the worlds shipments Of wheat and
flour to Europe for the week at f,2oo,-
900 bushels The visible supply Mon
day is not expected to show much
change.
Closing cables showed decline at
Paris equal to 33sc per bushel for Aug
ust and 23sc per bushel for November
February delivery, and a decline OF 114c
per bushel at Antwerp.
Heavy buying, which the crowd va
riously ascribed as being for account
of Armour & Co., or the George b.
French interests, caused an advance IN
December from around SS12c to o994c
about half an hour from the end OF the
season, but speculative dealings We're
price it closed. September ranged be
tween Ole and 941ac, and closed at sz12e
or decline Of half cent.
Corn was the center of the greatest
activity Of all the markets, which IS
not saying much, the volume OF BUS
mess being considerably smaller than
Of late The weather was warmer
and dry throughout the corn belt ana
more drought damage reports were re-
cefved.
NEW YORK, Aug. 2S.-Wheat suf-
fered from a tired feeling to-day. Not
only did prices settle to point ABOUT
10 cents below the best prices OF the
session, but speculative dealings were
the smallest for any similar period oI
time in weeks. Except for little sell
ing on foreign account, the morning
| trade was mostly in the hands OF scalp
| ers. Weakness was favored by IN
difference on the part of exporters, bet-
ter harvesting weather in the extreme
Northwest and expanding farmers, de-
| liveries of new winter wheat. On the
other side was an advance OF i2d
| in the Liverpool cables. and very heavy
wheat and -four shipments for the week
making 100000 altogether in the
past two weeks. Opening prices were
little lower than last night at 94ac
| for December. They rallied TO 95ssc,
| but the bulge inspired active selling Tor
| long account which tumbled values to
o3Tsc The official close was at 941sc.
/ Cs,.f7 4fx-
ing orders lifted it to 94sc, the
/ n,c1nclr cIncn l,ainr aI3k q hid