The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1897-10-15
DECLINE IN GRAIN.
Corn Led, Carrying Wheat and Oats
With It.

Chicago. Oct. 14-Coru led THE grain
narlSets today. II sold at the lowest point
in nIonphs and carried wheat and cats
WIN u ChanS.aS from December 70
Nav and general liquidation by disguised
longs, resulted w a decline of lM1GlSsc for
December. Wheat declined 4Q7sc, bulliSh
foreign news Susadying tine market TO
eeu9aln extent. Oats closed &c lower.
Provisions were helped by an improved
cash demand and closed 21aQ714c higher.
Abont adj the strength the wheat market
showed toaav WalS confined to The first
few minutes of trading. December START
ed ait glS449l7sc, waSh one OF Two sales as
nlSA 9s VIZ, as colnPered with yetster-
day closing price of Size, and for about
half au (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, reducing THE world'S wheat
and rice production. Liverpool. before the
opening mere. had advanced SsQl1sc over
Yesterday prices. while Paris was IN
changed to 10 confines higher. The Eul-
SarlaEl figures made the worlds wheat
production for THIS year 100000, 900 BUSH
els less than last. The worlds rye crop
TINS year was estimated at 10 rhAl39n
bushels short of last ~ The North--
western receipts showed a rather marked
failing off The toGa4 at Duluth and Mn
neapolis was 7S1 cars, against s.046 q
week ago Chicago receipts were also
very liSirt. 165 cars The effect of this.
was Offset in a measure by the Cincinnati
Price Current. which said that rains mad
50 improved ,lo 0uuiCDk IlGit an SGll1ug91
area was practically assured.
Very little life was shown after the
opening furry. Realizing st3daS by longs,
c0uprSi wAh the weakness in corn. made
q combination which the market colid not
overcome, and uhSre was a steady eC5ft
downward. The decline was nos rapid.
a Stihe trade WaS too limp to warreNt
much movement. Tina early selling by the
longs Simply supplied uhe mora urgent OF
he shorts, after which the market was
left largely TO IT'S own resources. The eX-
ports for Hhe day were equal ITO $4,000
bushels. Primary market receipts Egere
1VSI,VcO bushels, against LOSS. 900 year
ago.
December gradually settled down to 902s
@9014c ana closed at 9912G4j09sc.
C5Gn developed great Saal<ness almost
from tFle St2rt An artsgnpaf7Yas made by
the holders of the December fu.ure TO
change their property to May. IN dong
50 the difference between the two nlClElS
widened out to 4 cents per bughel. Large
Quantities of corn we're thrown on the
market as the session advanced. much of
which was credited 10 New DIRK longs.
Cets suffered with corn. There wcS M
trade of Importance, and the market was
entirely Syn9atIhet2c one.
Considering tina weakness of corn, pro
Wis ouS showed considerable strength. The
market started si,T1ng, with some outside
support and on the better cash demand.
There was a period of Wea knees due to
the decline in grain. then quiet but steady
buying by shorts staUtee1 PRICES coward
again. and kept the marker firm for the
regnan9d5r Of the session.
The leading futures ranged as follows: