The herald., 1897-10-28
CHICAGO MARKETS
Yesterdays Transactions on the Board
of Trade

CHICAGO Oct. 27-Inf1uences governing
wheat were as a rule favorable to higher
prices at the opening. Liverpool had ad-
vanced quotations for wheat Id. per Genital
before trading commenced here. The pre-
dcted rain for the. winter wheat region
stopped west of the Mississippi, and the
domestic receipts of wheat were again
comparatively light. Chicago receipts
were 1888 cars, of which only three loads
were of contract grade. Minneapolis and
Duluth reported 1855 cars against SS7 a
week ago, and 1908 on the corresponding
day of the year before. The price was also
helped by shipments from ST. Louis and
reports of large cash business at Duluth
for export. All outside markets were
strong. The feature was the demand for
December, houses actively on the bull side
for some time past taking considerable.
May wheat was not so eagerly sought for
as it has been for some days, the conse-
quence being widening of the spread dur
ing the morning to Sss cents. December,
which closed yesterday at 94A@9i, start:
ed with buyers at 94k-95 and steadily ad-
vanced to 959s. Offerings up to this time
were comparatively scarce, but at that
price some large commission houses sold
freely, and a reaction to 95 cents ensued.
The prediction of rain for Illinois and
Missouri had some effect on the decline,
as did the report that foreigners, espe-
cially French, We're reselling at the sea-
board. At those figures, however, the de-
mand again improved, and the market be-
came quite strong. Liverpool closed 161Hd.
higher and added to the firmness, as did
the heavy exports. 6S1, 200 bushels, of which
10000 bushels were in flour. The market
was further advanced on liberal purchases
by one of the houses which had sold freely
on the early bulge, supposed to be for local
professionals, who replaced part of the
long" line. Before the advance was
checked December had sold up to 961a.
New York reported S9S0OO bushels taken
there yesterday and 43 carloads today
Primary receipts showed some falling off.
and were 327, 900 bushels under those Of last
year. Continental markets ruled lower.
Paris wheat declined 5Q10 centimes, and
flour was off 20I3O centimes. Antwerp was
unchanged. No. 2 spring wheat was. of
fered cents per bushel under the Decem-
Der price to United Kingdom ports without
bringing in a response. This fact brought
the market down. Realization became
quite free. The report Of the purchase of
2O5, 900 bushels more No. / northern at Du-
luth. making about 100000 bushels in ALL
destined for this market, also had weak
ening influence. December was selling at
95A at the close.
Corn was influenced by the big falling
off in receipts and the strength of wheat
and ruled strong from the start. December
ranged from 26asG261a to 26, closing at 261s.
Oats were firm on moderate amount of
business, shorts being the principal buy
ers. The strength came largely from SYM
pathy with other grains.
Provisions were very quiet. The market
for a time was strong in sympathy with
the grain markets and on the good cash
business. During the latter part of the
session the feeling was easier on realizing
sales, most of the early advances being
lost