The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1897-12-14
CHICAGO MARKErA


CHICAGO. Dec. ia-There were no pre-
cemoer wheat that shook the pit 10 It's
center for fifteen minutes. about an hour
srom the close Of the session. That de-
Of ne moruins and sTS s e most to
snow decided weakness Before the crowd
could realize what was happening II was
Or o" asen. :, - rs, and closed ;d. At e.
Gay. May was comparatively steady. its
loss FOR the day being only isc Both the
10 h hsys an. ana me Letter crowd mere said
instrumental In the causing OF the slump.
Inc large amount OF contract wheat which
s = Srris ca4s. In chissso made The decline
sne close very little change In prices.
Up to about tho noon hour wheat was
e oomnaaraussly quiet and steady: May
closing price nj slA0aiNc. and during the
morning fiuctuated between that price and
giagY4e December. which broke loose
x. and up to ll:S had not sold below
Traders were disposed to await the an
houneement Of the government crop est-
mate before piunsinx too deeply into a sem
siuse market. The general impression was
.nsi ne report would show q much larger
the department. has heretofore estimated.
and this had bearish influence on the
scaiping sentiment although Arm and
the price Of May to advance somewhat at
FIRST. The government report. when AM
ally posted. estimated the Yield e sSo.ooo
than statisticians generally have predict
discounted and followed. Is il was. BY a
OF 10000 bushels where an increase of
no effect.
A feature Of the early marke, information
was the large quantity of contract wheat
added. since Saturday morning. to the
stock Ia regular Chicago houses. From I'M
houses. as they are sometimes called, there
were transferred 1871 car loads and So 600
bushels No 1 Northern spring; by lake
by rail- 1ls car loads No Northern red
winter. a total OF about 425.oOO bushels.
Nearly every receiving house in the trade
shippers. who had from one car load to
1o.0oo bushels. which they wanted sold to
arrive for December. The uncertainty of
men averse TO selling in advance Of Its ar
rival and inspection.
Northwestern receipts were liberal. Min
The total receipts by raii at Chicago were
81 cars, including I'D contract quality.
Notwithstanding the heavy. receipts on
not appear to have any dous. ' Of he aSliity
could be brought IN up to the end Of the
About 1870 a. m. the price Of December
began to weaken under a selling pressure
which was credited to Armour The de-
ns .nS 81. f % ss f a
eemher was receiyinE practically no sup
port, the market beEan TO aide OF n .
BY II O'Clock December had declined to
Suddenly the market began 10 slip away.
he ap peas e Sad sn s sns sen Il rs
bounded to ti02 but again declined to SOC.
and was bringing se1hc at the close, or So
ui Nay s s:,a,ass seu sS;ns u, no.
yareiy. II declined to s,tc during the
hssdlens plunge q Pecs s1ss BY. hy Gigs
the day e Of fi but &c. unaoustsdiy the heavy
arrivals Of contract wheat had much to DO
with the decline, especially IN starting Il.
w ssa Tor ths break &
s5ikc, their offerings being especially
heavy. II vas regarded by many az move
s.aay y: PEI, 81 TIE elem q t: % fs Mss
have been natural. in view OF the much
higher prices prevailing here than IN other
markets tn: mar, market was quiet but ra'h-
country otferings ana bad weather west
Oats wsrs slow within an extremely mar
Some strength developed in provisions.
during the morning On r the small run
improved to q limited extent. Later, In
the absence Of support. the market lost Its
advantage
Closing ouotatiops.
wheat-December. ssiac; May. size
Corn-December. EAc: May. 3kG&xc.
Oata-Deeemher. Hc; May. 72akc.
pork-Nay, 0H
kard1psssISsr. ei NAY; Asrk
Live stock.
Cattie--Saies were at 3.60lA for the COM
monest lots OF beef steers up Ia IS. 2Sq550
for choice to extra holiday cattle, the bulk
OF the offerings crossing the scales at $40
&: feeders were active and higher sales
ranging from q 75a4.S, while stockers
brought S3G3.20; fat cows and heifers, $50
GflN: cannon cows. N75gs.D; calves.
Hers-Eaies were largely at g. Mas. -.
the most undesirable heavy packers selling
at 81 a063. Is. and the best shippers at s. 20
cas-.
Sheep were In demand at $3.50 for the
commonest lots up to $3.50 for strictly prime
nocks Westerns fetching 1860 80. Lambs
were In good demand at 81 7564 for culls
No to S. 50 for choice to prime: ex-
porters were Hight buyers Of heavy sheep
Reeeipts-cattie, 1900; hogs. 1900:
sheep. 15,000.
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