The herald., 1897-10-16
CHICAGO MARKETS
Yesterdays Transactions on the Board
of Trade

CHICAGO. Oct 15.-Wheat opened firm.
December starting at from 9O5sM907s as
compared with yesterdays closing price
of 9OlaH9O7s. with buyers in the majority.
New Nork's report that the export en-
Sagements there Yesterday had aggregate
1864 900 bushels and at out-ports had reached
24S COO bushels. was rather unexpected as
yesterdays reports indicated a falling off
from the phenomenal figures of the day
before, Drought damage reports, espe~
cialiy from Kansas, were once more in
evidence. Hot winds were report ed
| throughout the southwest accompanied
by dust storms, stopping seeding entirely
These reports served to keep the market
firm during the early morning on a narrow
margin of trading and the market within
an hour of the opening had advanced TO
9lA for December. The northwest receipts
were liberal at 1912 cars, against 1126 the
corresponding day last week and 9S3 last
year. Chicago receipts were 1S2 cars A
prominent northwest milling man was re-
ported as saying that he did not believe
there was enough wheat left in the north
west to keep the mills running the rest
of the year 1t is estimated that Duluth
stocks during the current week have in
creased 800 900 bushels, and Minneapolis
!. 100 900 bushels. The increase of 1000 600
bushels at the northwest is expected to be
largely offset by decreases here and at the
seaboard. and it is estimated that the
visible supply increase for the week will
not exceed 100000, against 1890 600 BUSH
els for the corresponding week last year.
Primary market receipts for the day were
20S, 010 bushels. against 1,O30O 900 bushels
for the corresponding day last year. Ex-
treme dullness prevailed in wheat during
the greater part of the afternoon. During
this interim the trade became quite bear
ish, being largely influenced by the alb
of b,tx.; .;,,er - .
public. Directly before noon there was a
sharp and sudden break. December drop
ping from 901aN90as, to which price it had
gradually declined. to 90M90ls The rumor
was current that the Modern Miller which
issued a particularly bullish summary Of
the situation last week. had greatly modi-
fled its views since the recent rains. This
was given as one of the reasons for the
sudden slump. When the report came out
it purport was seen to be fully as bullsh
as week ago. and the reaction was
sharp and sudden. New York reported
export engagements of thirty boatloads.
with more working. The days clearings
were equal to 675.No0 bushels. December
was bringing SlasT91h at the close.
Corn started weak at is6h decline. be-
cause of the decline In Liverpool and the
large local receipts-900 cars. The weak
ness was extremely short lived. Shorts
were active bidders all day, and the mar
ket was firm to the end. December ranged
from 27 to 26N, and closed Il higher at
26%
Oats started weak through sympathy
with corn, but buying by shorts and the
firmness of the cash market turned the
market in the opposite direction and kept
1t that way. December ranged from 1884
1879 to 1871, closing u to IS cents higher.
In provisions the market continued good
buying by brokers representing English
houses against a strong market early,
and was feature throughout
Leading futures closed as follows:
Wheat No. 2
October new .....................91s .91ssG91h
December, new ................ .SlasM9ll2
May .......................... .S9ss S9la
Corn No. p
october ............'..............
May ............... 309sG3O&
Oats No. 2
OctoDer ..'''..'..'... .............IStsUloi4
December ........ ............... 1925 ulSa4
May ....................... ...........zlA
Cash quotations were as follows:
Flour quiet; quotable Is cents lower; No
spring wheat, SeGS6ss; No. 8 spring wheat
79GS4 No. red, $685. No. corn, 25A 1125as ;
No. oats, 1Sla No. 2 white, f. o. b., %;
No white f. o. b.. 20A@21%; No. 2 rye,
45 No. barley. nominal; No. 3, f. o. b.,
$685. No. flaxseed. 10301.O6; prime timo-
thy seed 265; mess pork, per bbl., 1907. S5;
lard, per 100 lbs, 4.s0@4s21a; short ribs,
sides. loose. N.45G4.75; dry salted shoulders,