The herald., 1897-05-09
CHICAGO MARKETS
The Days Transactions on the Board
of Trade

CHICAGO, May S.-Wheat was wanted at
the opening at an advance of about y cent
over yesterdays closing price. The trouble
was that for half an hour everyone in the
pit appeared anxious to buy, and they had
to continue bidding Il cent higher for every
fresh lot The shorts got the most Of the
limited offerings. They were hard to sat
isfy, however, for after keeping at 1t for
half an hour. during which time uly rose
from 107s and II at the immediate opening
to 72as, and resting awhile they recon-
menced after u cent reaction, the result
being that July rose IN the course OF ne
next hour to 1875. The reasons for the
advance were numerous. The Michigan
crop report made the condition for the
state So as compared with IA month ago
and So for May lst last year That and
had been looked for, was all that could be
found at first TO account for the buying
which was going on. batter in the session.
when the people who had received as
show them around the real subs antial and
justifable cause of the eager buying was
made plain. The previously promising
appearance of California's growing crop
for the worse. Serious deterioration of
possible 10000. 600 bushel crop. in addition
TO the precarious position OF winter wheat
on this side of the Rockies, naturally
aroused speculative sentiment of bullish
character Later the market quieted down.
AT the advance considerable wheat. which
showed good profits, was put on the mar
ket and by closing time reaction to IN
had taken place. Corn opened steady, but
turned strong with the advance in wheat.
The trade was quiet and within as-cent
range. Oats ruled rather quiet. but like
corn, the market was quick to sympa-
thize with the advance in wheat and prices
held strong throughout the session. Pro-
visions were dull mad kept within a narrow
range. The market ruled strong for awhile,
influenced by the Improvement in the other
speculative markets, but under more lib
eral offerings near the end the slight ad-
vance was all lost.
The leading futures closed as f0llOWs:
Wheat No. p
May .......................... .7sHa7sA
July .,...'.....'...'...'''.
september ........................ JOB
Corn No. .
May .......................
july Observation-Disclosures. Z4Ns
September ........................2 25ts
oats No. p
May .........................
September ,:....................;... .1SAm1SA
Cash quotations were as follows: Flour,
lrm; winter patents, 4.40n4f0; straights,
i300i.40; spring specials. 4.5o; spring pat
ents, 39o04.20 No. 2 spring wheat, $3.50
~; No. 9 spring wheat. 72h fob. No. 2
oats, i7h No ? white. 22@2s fob; No. 9
white, 204422 fob. No. rye, SS1s No. 2
barley, nominal; No. 3, 26AaS2A fob. No.
~ fob; No ilaxseed 171zaD79; prime tim i'm
othy SEED, ZSD, mess DOrK per DBL, oou,
lard, per 100 lbs, 4.041a; short ribs sides,
loose. 4.55m4sO; dry salted shoulders, boxed,
oA95la; short clear sides, boxed. 5@5H;
whisky. distillers' finished goods, per gal,
l.l9; sugars. cut, loaf. 5.39; granulated, 4.7s.
Receipts. Shipments;
Flour, bb!s. 5000 $500
Wheat. bu.......... 0Co 66 900
Corn, bu. ZIG. .0e0 221.O0
Oats bu.............2S 900 121,0G0
Rye, bu............ 100 10000
Barley. bu............... 1000 1000
On the produce exchange today the but