The herald., 1897-10-15
CHICAGO MARKETS
Yesterdays Transactions on the Board
of Trade

CHICAGO, Oct. ID. - About all the
strength the wheat market showed today
was confined to the first few minutes
trading. December started at 91A@9lB,
with one or two sales as high as 921a, as
compared with yesterdays closing price
of 91A. and for about half an hour the
price held at about that figure. Opening
influences affecting wheat were the higher
cables and the revised estimate by the
Hungarian minister of agriculture regard
ing the worlds wheat and rye production.
Liverpool, before the opening here, had
advanced sM1B over yesterdays prices.
while Paris was unchanged to 10 centimes
higher. The Hungarian figures made the
worlds wheat production for this year
203 000, 900 bushels less than last. The worlds
rye crop this year was estimated at 40, co.,
900 bushels short OF last year. The north
western receipts showed a rather marked
falling off. The total at Duluth and Min
neapolis was lS1 cars, against 1915 week
ago. Chicago receipts were also light, 1855
cars. The effect OF this was offset in a
measure by the Cincinnati Price Current
which said that rains had so improved the
outlook that an enlarged area was practi-
cally assured. Although the opening was
strong. there were a number of holders
who We're willing to take their profits.
and selling of this sort was sufficient to
start the market in the opposite direction.
Very bad reports concerning the Russian
wheat production came in while the mar
ket was weakest, but the effect was not
noticeable. Broomhall's special CORE
spondence said that the Caucasus province
would not export over 24O00O0 bushels
against $4,000, 900 bushels last year. Very
little life was shown after the opening
furry. Realizing sales by longs, coupled
with weakness in corn, made combina-
ton which the market could not overcome
and there was a steady drift downward.
The decline was not rapid. as the trade
was too limp to warrant much movement.
The early selling by the longs supplied
the more urgent of the shorts, after which
the market was left largely to it's own
The exports for the day were
equal to 595 OO0 bushels. Primary market
receipts We're ,Osf COO bushels. against 1,O3S-
900 a year ago. December gradually set
tied down to 9OssG9ols. and closed at 9Ols
q 9O5s
Corn developed great weakness almost
from the start. An attempt was made by
holders of December futures to change
their property to May. In doing so the
difference between the two months wild
ened out to per bushel. Large quantities
of corn We're thrown on the market as the
session advanced much of which was cred
tied to New York longs.
Oats suffered with corn. There was no
trade of importance, and the market was
a sympathetic one.
Considering the weakness Of corn pro-
visions showed considerable strength The
market started strong, with some outside
support. and on better cash demand. There
was a period of weakness due to the de-
cline in grain. then quiet but steady buy
ing by shorts started prices upward again
and kept the market firm for the remain
der of the session.
The leading futures closed as follows:
Wheat No. p
October New).."...".. ......... .90fam9
December (new) ..................9 .9O1sd9OSs
May ................ .SSas
Corn No. 2
OctODer .................. ..........2o
December .............. 26es
May ................. ...............S .SU12
Oats No. p
OCTOBER .................. ..........Ii1s
December ........... ............... 1885
May ................-.. .2UrSu2l
Cash quotations were as follows: Flour.
steady. No. spring Wheat S51h. No 3