The Austin weekly statesman. (Austin, Tex.) 1883-1898, 1897-09-23
GRAIN AND PROVISIONS


Chicago.
Chicago, Sept. 21.-Heavy receipts c
neat in the northwest this morning ct
,eu tne tate of the wheat market for t.
'aS' December closed at decline @
o-SII lie, about where it starteL
iorn was surprisingly firm considerln
ne wheat weakness, and closed IA
ilgher. Oats were unchanged. Prov.
IONS were affected by more alarmin:
ieiloW Fever reports, and closed at de
Declines of 1-S01 I-2c marked tn,
opening in wheat. December which
closed yesterday at 80 Use, opened toda.
1T from 9l 3-4c to 81 3-Sc and was quoted
1t III lac almost Immediately after. Thi,
was the natural result of the enormous
receipts at Chicago and at the north
western points, and the weakness of
'"hles. Minneapolis and Duluth received
1924 cars against SOL cars Tuesday a
week ago, and SOB cars the corresponding
$50 cars against 1897 cars a week ago,
and BOB cars the corresponding day of the
previous year. OF today's receipts ut
Chicago only five cars were delivered
upon contract for December that have
been entered into since the exclusion of
No. ? spring from the regular speculative
grade. That was about the only feature
OF the situation to sustain short selling
that would otherwise, in the temper of
the crowd, have been very heavy. Liver
pool opened lid lower and by $3.50 p.
IN. it had got down to 1 Id below the
price it closed at yesterday. Paris was
III centimss lower at the start and the
news from London was generally very
discGuraging to the prospect of an i'm
mediate advance in price. A cabEegram
from there said that French grain deal
ers were re-selling American wheat in
the English market and replacing it with
Indian wheat for spring shipment. An
other cable said wheat for spring ship
ment from India was offered at As per
ures now current. The London Mark
Lane Express says that although the
crop of Russia is deficient. there will be
100000 quarters (64,OO0,0OO bushels)
for shipment from that country. After
the opening decline the tendency for a
while was toward a mild recovery. The
opening was below put" prices, and a
great many buyers came in which had
those privileges for protection, which
caused rally to 81 3-4@91 7-Sc when
new batch of yellow fever rumors,
of re-selling of India wheat to buy fu-
lures, started the market on a regular
toboggan. December sold down to
80 5-Sc before halt was called. During
the decline some stop loss orders were
reached and the market exhibited the
only real activity of the session. A rally
then ensued on covering by scalpers. De
cember advancing to 81 3-SG91 IL, at
which price it was quoted at the close.
Corn was weak around the opening in
sympathy with wheat, but soon recover
ed in response to the bullish Influences
Immediately affecting corn. Receipts.
96S cars-more than 100 cars below the
estimate and much smaller receipts ex-
pected tomorrow. Heavy frosts last night
were said to have severely damaged late
corn in some localities. Clearances We're
100000 bushels. Country offerings light.
The yellow fever rumors caused the
market to hesitate toward the end, but
nevertheless it closed at the top figure.
December opened up ut 3-Sc lower
at 80 1-Sc. sold to 30 3-4c and closed
steady at that price.
Oats We're firm. especially so for Sep
TENDER, but trade was dull. There was
good export demand. 10000 bushels be-
ing reported sold. Prices declined some
what during the morning with wheat,
but this was recovered later. The
strength of corn was factor; Receipts,
1876 cars. December ranged between
20 5-8c and 20 3-S120 lie, closed I'M
changed at 20 5-Sc.
Provisions were weak and dull, what
little demand developed coming from
shorts. Sensational rumors OF yellow
fever at st. Louis caused free selling late
in the day. Cash products were pressed
which also weakened the market.
Hogs-Market firm and higher. At the
close December pork was IL 1-2c lower
at $S.37 IL, December lard 1Oc lower at
S4.67 10 and December ribs, lie low
er at $492 ~.
Estimated receipts WednesdaymooWheat,
$50 cars; corn, 600 cars; oats, 2oO; hogs,
$4,000 head.
Cash quotations were as follows:
Flour-Barely steady. =.
spring wheat, SO@92c; No. 2 red, 92qg
Nc 10. 2 corn, 2e@2sAc; No. 2 yellow
e0 No. z 3 oats. isA@1shc; No. 2 white,
f. o. b., 2211aa9231ac; No. 4. f. o. b., 2lEs
Q No. 2 rye, 47c.
No. 2 barley, nominal; No. 3: f. o. b.,
3O645c; No. 4, f.. o. b., 2Slald31c;
No 1 flax seed. S1.O4HM1. O6A:
Prime timothy seed, $4,000; 621S.
Mess pork per barrel, SS.3ONGS.30.
Lard, per 100 pounds, $4.8O.
Short ribs sides 0oose), $5.1O65.40.
Dry salted shoulders (boxed). 51aMJAc.
Short clear sides (boxed), 5hsGD5'ac.
Whisky, distillers' finished goods, per
gallon, S1.22.
The leading futures ranged as follows:
Articles openI High Lowl Close
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