The Austin weekly statesman. (Austin, Tex.) 1883-1898, 1897-03-25
GRAIN AND PROVISIONS.
Chicago.

Chicago, March 23.-Wheat closed to-
day at an advance of 5-Sc for the May
option after opening at lac decline. Crop
damage reports were of rather lurid
hue and were responsible for the adj
vance, the extreme dullness of trade prob
ably preventing them from having a
greater. effect. Corn, oats and provis ons
were inactive and showed but little
change at the close.
Wheat had more reason for weakness
at the opening than was the case on
Monday. Liverpool quoted wheat from
l to l Id lower. English consols were
firm at 1-16 to 3-1Gd higher. Minneapo-
lis and Duluth reported receipts of 40
cars, against $50 Tuesday week ago
and $50 the corresponding day of last
year. The consequence of the impress
sion created by those items was that for
a few seconds there were sellers of May
at from Y 3-4c down to ~ lie. against
yesterdays closing price of ~ Use. But
there was found to be a host of buyers.
The price was 73c in few moments
more, and 73 lac soon thereafter. What
the rank and file of the local traders
were uniformed of at the opening was
the extremely bad crop reports. especially
from Indiana and Illinois, which COM
mission houses received. st. Louis gave
an intimation of their character by Gro wd-
ing their Chicago brokers with buying or
dcrs, and steadily pushed the price of
July up to their own market until, in
about half an hour, they had the st. Louis
price up over 1 1-Sc above where it closed
yesterday. An absence of export inquiry
was reported today. The trade here was
rather more strongly impressed by the
crop news in the later half than in the
forepart of the session, and Bradstreet' 8
report showing 100000 bushels decrease
in the worlds visible also came to the
assistance of the bulls, resulting in the
price of May getting to 73 5-Sc and clos
ing at 70 1-2c.
cided effect on the July option, which
advanced 1 1-Sc.
Corn was firm but very dull, the fuc-
tuatiOns in the days trading being con-
fined to 1-4c. There was but one feature
to the market-thc enormous seaboard
clearances. which amounted to 100000
bushels. This served to keep prices firm
and cause an advance of 1 1-8c
Another day of extreme dullness was
passed in the oats market, with positive
ly nothing in the way of news to support
the market. Prices were confined to a
very narrow range and were controlled
| entirely by corn. Seaboard clearances
were 81. ZOO bushels.
loNi SlOnS were luCllncu 10 neaVlneSS
early in the day. March pork closed at
1-2c higher, lard shade higher and
ribs DC higher.
Estimated receipts for Wednesday,
Wheat, 10 cars; corn, 40 cars; oats, ITO
cars; hogs, 10000 head.
Cash quotations were as follows:
Flour-Steady.
No. 2 spring wheat, 721a373c; No. 9
red, S519GS913.
No. corn, 24c.
No. oats, 161a@16%c; No. 2 white,
2O12ta21c; No. 3 white, 1S,119Ac.
No. 2 rye, 33c.
No. 2 barley, nominal; No. 3, 2713Oc.
No. 1 fax Seed 7StGS1Ac.
Prime timothy seed. $2.65@2.7O.
Mess pork, per barrel, $8.65@S.70.
Lard. per 100 pounds. $4.121gd4.15.
Short ribs sides Qoose), $45504.S5.
Dry sailed shoulders (boxed), 4A@5c.
Short clear sides (boxed), 4%@4Bc.
Whisky-Distilers' finished goods, per
gallon, SLIT.