The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1897-09-28
NEW YORK MINING STOCKS
WHEAT WAS FIRM.
Bear News Had But Little If Any
Depressing Effect.

Chicago, Sept. 27.-Wheat was firm
in spite Of large array of bear news.
December closing with a 1Q1Ac ad
vance 1t was very weak at the open
ing. Liverpool opened at a decline Of
I'D for futures and Minneapolis and
Duluth reported 1877 car loads as
their receipts While the exports TO
Europe for the week from all surplus
producing countries was over S.600.OOO
bushels. Shorts started to cover and
in the course of an hour nearly all the
opening decline had been recovered.
Scalpers ran the market for the first
half hour of the session After that
the trading. though quiet was of
more general character. The advance
was in spite Of the fact that most of
the fresh information that came in was
of bearish character. The only i'm
p0rtant matter of q different character
was the c!earanees from the principal
Atlantic ports, which in wheat and
flour together amounted to 10000
bushels. December sold I'D to Gle, de-
clired to 90A and from That point
gradually rose to 91&. 1t slid off again
TO 90%4, however, On the announcement
CT the unexpectedly large visible in
crease. Statistician SnoS estimated
that the winter wheat crop of the
United States Was S65, 100000 bushels,
and the spring wheat 225, 600, GOO bushels.
The amount on ocean passage in
creased 1,6S0,000 bushels for the week.
Primary market receipts for the day
we're 1,766, 600 bushels, against 1,3s60O0
bushels . year ago. The visible sup
ply increased 2.403.00 bushels, whereas
only about 100000 bushels increase
had been calculated on. Stocks OF
wheat in Liverpool are 5000 bushels
smaller than week ago, and the Eng
lish visible decreased 10000 bushels.
Closing Liverpool cables reported de-
clines in futures of from Id to I'd. Paris
| was strong and SO centMneS or 31ac per
bushel higher for September and 10
centimes higher for later delivery.
Antwerp showed an Improvement of
121a confines. Complaints of drought
| in the winter wheat section are grow
! ing niece general every day. Seeding,
it is said, is being greatly retarded.
| These reports were very influential dur
| ing the morning. The market grew
quite strong toward the close. The
strength of the closing continental
cables ard the reports of drought
damage in Argentine started renewed
buying. Good support came from New
York also, December advanced to 91A
| Gl917k and closed at 91R09l&c.
( Corn, like wheat was weak at the
] opening, principally through sympathy
J with that market The market turned
strong and remained so during the
remainder Of the session. The advance
was partly due to sympathy with
/ wheat. December ranged from $3.50
so to 2944, closing A@asc higher at
i 297$ 890.
! Oa.ts were easy and lower around the
opening, but a rally occurred shortly
| afterwards and the market closed
| fairly active.
TIE market for provisions was fairly
active The opening was rather heavy
There was the usual batch of yellow
| fever news and hog prices we're lower
! The market later turned strong under
the leadership of lard for which
products good foreign demand was re-
ported. The market closed strong al
top values, December pork 15c higher;
/ December lard 15e higher and Deem
| Der ribs 10c higher
The leading futures ranged as follows:
/