The record-union., 1897-10-30
WHEAT PRICES FLUCTUATE.
OPEN STRONG AT NEW YORK,
BUT LATER DECLINE.
Good Accounts of the Outlook for
Winter Grain Cause
Weakness at Chicago.

NEW YORK, Oct 30 - To-day :
wheat market exceeded yesterday S
high point by &c a bushel, but lost
everything near the close, on account of
active realizing, and closed over half
cent below last night and 13sc under
the highest point of the day. Early
buying was stimulated by small North
western receipts, and continued bull
ish drought news. The crowd partial
to the long side accumulated wheat
easily, hut finding little export demand
in the afternoon, was obliged to dis
gorge their holdings. An opening de-
cline at Liverpool was followed by
later strength and a recovery. Decem-
ber sold from 9912c@$1 007s, and on
the curb December opened to 9914c un-
der further unloading
IN THE CHICAGO MARKET.
CHICAGO, Oct. 29.-There was a lit
tie hesita ton in wheat, on account of
the weakness al Paris, as shown by the
early cables. Wheat was quoted 10
centimes lower and flour 20@25 CEN
times lower Outside of that the news
was all in favor of higher prices. The
result was that December, which left
off yesterday at 97Ac, started to-day
at from 971s@973sc, and was advanced
to 9S1ac in the first half hours trad
ing.
Liverpool was Id higher to begin
with, and advanced 15d more during
the day, the latter rise doubtless be-
cause of the additional advance here
this forenoon. The weather through
out the winter wheat country was still
suffering from drought and reports
were unanimous as to the effects of the
dry weather.
Domestic receipts at Chicago and in
the Northwest were again much heaV-
ier New York reported liberal ac-
ceptanoes of cable offers made to the
continent last night, and 100000 BUSH
els were reported bought for shipment
to France early in the session. Clear
ances from the Atlantic ports, includ-
ing some flour from New Orleans,
amounted to $4,000 bushels.
After the advance to 9S1Ac the mar
ket commenced to decline. Holders took
profits to considerable extent, and
the market yielded to the pressure Of
such sales. The decline which the SELL
ing of this long wheat started, brought
out short sellers, and the market grad
ually grew very weak.
The short sellers We're encouraged by
the working of another 100, 600 BUSH
els of Duluth wheat for shipment to
Chicago. and by the fact that offerings
of No. Kansas hard continue to be
pressed from Kansas City in practi-
cally unlimited quantity at 6 cents un-
der the Chicago December price laid
down here. Good accounts of winter
wheat in the fields from Kentucky and
Nebraska likewise aided in creating the
weakness that developed in the after
noon. December dropped in an irreg-
plar way to 965sc, and closed at 96$4c
WHEAT PRICES AT PORTLAND.
PORTLAND, Oct. 29.-Exporters are
still paying so cents as the top quota
ton for Walla Walla and 80 ana So
cents for blue stem and valley, but
sales were made to-day at a. cent above
these figures. Two more cargoes clear
ed to-day and another ship finished
loading. Cleared-British ship Suther-
landshire for Queenstown, with 93.400
bushels of wheat; British ship Edenbal-
lymorr, Queenstown, with 100,997 BUSH
els of wheat