The record-union., 1897-11-20
EASTERN GRAIN MARKET.

CHICAGO Nov. 19.-Wheat got a
good start for higher prices at the open
ing by the strong tone of the foreign
markets. Liverpool, instead of decIin-
ing in sympathy with the loss Of Hc
per bushel here yesterday, opened I'D
higher, Paris was also reported strong
and higher.
Another matter of foreign origin gave
encouragement to the bulls. The I4iv-
erpool Corn Trade News" telegraphed
that crop estimates from the Russian
Minister fully confirmed previous bad
reports. The Minister gave the wheat
crop as 75,OOO00O bushels below last
years Russia proper. The effect was
somewhat spoiled by another report
which gave the shortage of at 10000
600 bushels for the whole Empire.
The heayiness of the Northwestern
receipts showed a tendency to keep the
market back. The latter, in fact, was
the only strongly bearish feature of
the days trading.
Opening prices for May ranged from
9O11a to 9O5sc with sale or two at 9Uas
@15c. Under the influence of the
strong cables, the price soon got up
to Ole, but it sagged again, and all
morning hunS arOuilu oV71c.
Receipts to-day at the two big North
western receiving centers numbered l.
226 cars, against 81 a week ago and
92O the corresponding day of the year
before. Tt was expected that Minneap-
oils and Duluth stocks of wheat would
show an increase for the week of about
. .OOO 90 bushels, but dispatches from
there estimate the increase at only half
of that at Duluth. An increase of 6O0,-
coo was expected, and Minneapolis
stocks an increase from Bot, 900 to 4oO,-
600 bushels. Chicago receipts were %
cars. against 112 last year.
Another bearish item of news was
that a cargo Of American wheat had
been re-shipped at Buenos Ayres, De
cause Argentine expected to have pleh-
ty of her own. Primary Western re-
ceipts were large again, 1,154.0O0 BUSH
els compared with 674,00O a year ago.
Liverpool closed higher by 1A@las
than 1T closed the day before. The
reason given for such an unexpectedly
heavy advance was that 1,500, 900 bush
els of wheat destined for ports of call
off coast in the United Kingdom nao
been ordered to France.
Even with this as an incentive, the
price of May went up very unwfllingly.
1t finally advanced to 9134c, but when
the Modern Miller" report was re-
ceived declaring the wheat area up to
the average, and promising an increase,
the price went off again in a hurry. May
was selling at 9034Q907sc at the close.
WOOL MARKET.
BOSTON, Nov. 19.-The Commercial
Bulletin will say tomorrow Of the
wool market:
The market continues exceedingly
quiet. There has been one sale of 25O,-
600 pounds Irish holdings at 311@c
some heavy sales of Australian and an
other sale of 10000 pounds of Mon
tevideo at % cents. In domestic
woods there is little doing. A sale of
10000 pounds Texas fall at 1914 cents
marks the top price obtainable for such
stock
Wool has not receded from last week. s
level, though the drop of five per cent.
in Antwerp has caused some nervous
ness The sales of the week are L.
956,0O0 pounds domestic and 2,7So,O00
pounds foreign, against 1856, 900 pounds
domestic and 1,475,0OO pounds foreign
last week, and 2,94S,O00 pounds do
mestic and 9S5,0OO pounds foreign for
the same week last year. The sales
to date show an Increase of 96,0S6,900
pounds domestic and 123, S53, ,2O0 pounds
foreign from the sales the same date
last year. The receipts to date show
an increase of 124, ,744 bales domestic
and 331 ,425 bales foreign.