The herald., 1897-09-10
CHICAGO MARKETS
Yesterdays Transactions on the Board
of Trade

CHICAGO, Sept 9.-The opening in wheat
was sluggish and a shade under yesterdays
price. December started at 95al G957s, and
sold down to 955s before any strength was
shown to support it. The weakness was
due to opening declines at Liverpool and
Paris. Foreign advices; however, changed
the state of affairs about half an hour
from the opening. 1t was stated in dis
patches from Odessa that the crisA in the
grain trade in Southern Russia had been
enhanced by the influx of half score of
Hungarian commissioners. who were pur-
chasing wheat at any price they could OBJ
tain it for. 1t was also stated that the
government had made extraordinary pur-
chases of grain for food reserve as a pre-
caution against another famine. This soon
obliterated the effect of the slight de-
clines at Liverpool and Paris and a more
| urgent demand arose. the consequence be-
| ing that by 12 o'clock December had ad-
vanced to 97M.
Local scalpers, however fought shy of
the market for some time, and were con-
spicuously reluctant to have much to do
with it today The absence of such an
important controlling force was seen in the
difficulty commission men had in filing
orders, more especially buying orders as
the latter were vastly in the majority.
Sudden jumps in the price were unavoida-
BILE. as December wheat was not for sale
after the first half hour by anyone who
did not have 1t previously bought and the
advance to 97R was attended by many
fluctuations. The ordinary market news
had nothing very novel or exciting beyond
the Odessa dispatch.
Chicago received 295 cars, only ten of them
contract. Minneapolis and Duluth reported
672 carloads, against 1043 year ago. The
Atlantic port clearances were equal in
wheat and -four to 5S5,0 bushels. The
a NJ fn vIyIa ;o1, I,o
somewhat In allegiance. revived again, ac-
cording to cablegram from London, which
quoted sales to France Of a cargo of al
ready afloat of California wheat New
York reported 35 boatloads taken there for
export up to IL o'clock.
The market continued strong, 94A being
current for December about half an hour
before the close. People who were still
bearishly inclined confined short selling to
May delivery. and that in consequence got
/! to a slight discount, its price being 91I
when December was 9SM At the closing
December had reached 97A.
| Trading In corn was not so active as
of late but the market was very firm, some
| of the firmness being due to sympathy with
west.
| Oats opened weak but firmed up later and
remained so for the rest of the session.
Provisions were weak in comparison with
the grain markets although pork showed
an advance at the close.
The leading futures closed as follows:
Wheat No. p
September ................,.......9s
December (new).. .97M
May "...................975
Corn No. D
September ......".................31 BIZ
December Observation-Disclosures 33as633h
May .....'''."'..'.'........ .S6la@3 367s
Oats No. p
September ....................,.2O
December ................,.. .211A621A
May ........................
Cash quotations were as follows: Flour
very firm; No. spring wheat, 9sa9S1a; No.
8 spring wheat, 910s45s; No. 2 red, 1000