The herald., 1897-10-17
CHICAGO MARKETS
Yesterdays Transactions on the Board
of Trade

throughout the greater part of the winter
and all of the spring wheat territory, dis
appointing foreign markets and a very
marked increase in the wheat receipts in
the northwest, confronted the wheat trade
at the opening. The effect was partially
offset by the surprisingly large exports
for the week. There was nevertheless
general selling out of wheat by timid hold
ers, and the opening market was lower
December starting at from 9lM9lh, as com
pared with yesterdays closing price of
91asn91ia. The weakness was. shortlived,
however. as the lower prices stimulated
strong buying and caused rally of one
cent per bushel in a very few minutes,
December advancing to 92H The Decem-
Der future acts as though it were consid-
erably conges ed, as it sold at 2la premium
over May. The Bradstreet report shows
wheat and flour exports equal to 6039,oW
bushels. against 4.S46,ooo bushels week
previous and 4,151.000 bushels for the cor
responding week last year. The revival of
old rumors that Russia would prohibit
wheat and rye exports and that France
would abolish its import duty on wheat
created a little bulish furry an hour after
the session opened and December advanced
TO 927s while the news was circulating
The receipts at all primary markets ag-
gregated 100000 bushels, against sS',oO9
bushels for the corresponding day year
erpool opened sd. higher, but closed only
sd. higher for near months to sd. lower
for deferred. Paris closed unchanged to
10 confines lower for wheat. but 10 to 40
centimes higher for flour, and Antwerp
quoted wheat unchanged to 12la centime s
higher. Despite the apathy shown in their
own markets. however, there was evidence
conclusive that the foreigners were also
buying literally to cover sales abroad, and
the strong tone of the market for ocean
freights indicated that the cash stuff was
going out The advance for the day was
tempting enough to induce many owners
Of wheat to sell out and take their profits
rather than carry the property over to
next week. There was slight reaction
form top figures. December was selling
at 921a at the close.
There was fairly active trade in corn,
with shorts again liberal buyers. Decem-
ber ranged from 1873 to 1S1aq1Sss, closing a
shade higher at 1874.
II was rather a quiet day in the pro-
vision pit. The market ruled weak early
on the lower hog prices and on the yellow
fever news. There was a partial rally in
sympathy with the advance in wheat but
The general tone was easier throughout.
The leading futures closed as follows:
Wheat. No. 2
October, new. ~
December, new......................9 ..92%
May 72u o'1s
Corn. No. 2
october ........................ .zoi2
december .............'......... .loiS
May .3UssuS0a4
Oats, No. 2
October ......................... ...1SA
december '''..'....'..'''' ''''.'.''....'..'lopt
Mey NEUTRALITY-SUSPICIOUS..
| Cash quotations were as follows:
| Flour, steady; winter straits, 4.50T4.70
| spring patents. 490Gi5.00; bakers, 3S0@4.00
| No. 2 spring wheat, S7@S7ss; No. 8 spring
wheat. S0@S5; No. 2 red, 94%: No 2 corn
25asM25ia No. 2 oats, 1872; No. white. TO. b.
| 2l0221a; No. 3 white, fob, 2O&M21%; No.
rye, 45AN45ls; No. 2 barley, nominal No
4, f.o.b., 25l2M2S; No flax seed, 1.O3M106ia
prime Timothy seed. 2.7O; mess pork. pei
barrel. 7.75M7S0; lard. per 100 lbs, Asa
4.271s short ribs, sides, Qoose), 4.4OM47o
dry salted shoulders, (boxed), Also 525
| short clea rsides, (boXedD, 4.S7la5.6 60
sugars, cut loaf, 500; granulated, 5.S4.
Receipts. Shipments
! Flour, barrels. s............. 5000 300O
Wheat bushels. ..........12s,0 900 Isl, ,0Gl
| Corn, bushels. 100000 SO2 O0I
| Oats bushels. ..............379 900 41G, ,00t
| Rye bushels. $4,000 ----
| Barley bushels. ........... 81 600 16, 00i
| On the produce exchange, today, the
| butter market was firm creameries. 150
| 21k: dairies, 12M19. Cheese was quiet al
| SdS1s. Eggs were firm; fresh 141s.
N1,ico T,iuo CfOc1r