The Austin weekly statesman. (Austin, Tex.) 1883-1898, 1897-02-25
GRAIN AND PROVISIONS.
CHICAGO

Chicago, Feb. 23.-Wheat suffered to-
day from the subsistence of the Euro
pean war scare in addition to the lack
of speculative trading. The result was
n lie decline. Corn showed considera-
bic firmness and advanced 1-Sc. Oats
and provisions closed dull, but at substan-
tally unchanged figures.
May wheat which closed on Saturday
with sellers at q 1-4M77 3-Sc, opened
transaction in that option being made Mt
rs 7-SWI1c. Various causes contributed
to the opening weakness, the most i'm,
portant one, however. being the gradual
elimination of the European war scare
as Il factor, which was announced both
by the advance in British consols and the
lower quotations from nearly all the
English and continental grain markets.
Liverpool cabled that the cOnsumptive
demand for wheat was disappointing, eX
planning thereby decline of I'D per cen
tai at the opening. Northwest receipts
were rather bearish at first. MinneapO-
lis and Duluth reported total of COS,
ears, compared with 204 last week and
Cos on the corresponding day of the year
before, but the large figures were ex-
planned by the fact that they represented
the receipts for two days. Only for Il
short time was the opening weakness
apparent, for figures bearing Oh the
worlds supply caused better feeling.
The official worlds shipments to Europe
amounted to only 3,6SOOOO bushels, over
1,0OO,OO0 less than had been expected
The worlds visible as finally reported
gave the weeks decrease, ,343, 900 bush
els, nearly 100000 bushels less than eX-
pected.
The total now in sight is 1927 900
htts hnIc .t,tt hA
corresponding time the year before.
May worked gradually down until about
an hour from the close, when it touched
Toe. A reaction then occurred, the price
finally resting at IS Csc, closing cables
being disappointingly weak.
Business in corn was good, more ac-
tivty being observable in the pit than
for a long time. The market opened
quiet and then became q shade weaker
through sympathy with wheat, but it was
evident that the scalping contingent was
short and determined to cover. Their cf-
forts resulted in substantial advance,
most of which was lost later when wheat
developed decided weakness. The WISH
ble' supply decreased 100000 bushels
Export clearances amounted to 100000
bushels.
Oats were inclined to frmness, although
opening decidedly weak, in common with
wheat and corn. Shorts were active
buyers, and it did not take long for prices
to recover all of the opening decline, the
market being well supported to the close
Provisions were steady. At the close
May pork was a shade lower; May lard
about DC lower, and ribs unchanged.
Estimated receipts for Wednesday
Wheat, 20 cars; corn, 300 ears; oats 34(
cars; hogs, $4,000 head.
Cash quotations We're as follows:
Flour-Steady.
No. 9 spring wheat. 74M743sc; No. :
spring wheat, 731aM73Ac; No, red
S5asc.
No. corn, 23c.
No. 2 oats, 169sd16Nc; No. . white
19@191ac; No. 3 white, 16M1Sc.
No. rye, 33alc.
No. 2 barley, nominal; No. 3, f. o. b.
2215a6l32c; No. 4. f. o. b., 2214aNd27c.
No. flax seed, 74Hs@76lhc.
Prime timothy seed, $2.65G2.70.
Mess pork, per barrel, $7.70a7. 80
Lard, per 100 pounds, $3.S7lItd3.90.
Short ribs sides .Qoose), $3900I41O.
Dry sailed shoulders (boxed), 4as0I4lhe
Short clear sides lboxedD, 4HM4Mc.
| Whisky, distillers' finished goods, pc
gallon, SLIT.
The leading futures ranged as follows