The San Francisco call., 1897-10-15
CHICAGO GRAIN MARKET.

CHICAGO, Ill, { CT 14.-Co:n leads the grain
markets to-day. IT sold a. the lowest points in
months and carried wheat and oats with IT,
Changing from December to May and general
liquidation by dsgusted longs resulted in a de-
cine of l14@l 3sc %. ID, cember Wheat declined
M@ 7sc, bulish foreign news steadying the mar
ket a certain extent Oats closed 34c lower
Provisions were helped by improved cash de-
mand and closed 21a@712c higher
a bout all the strength the wheat market showed
to-day was confined 10 the first few minutes
trading December started at 9l34 G9l 7sc, Wit h
one or TWO safes as high as S212o, as compare1
with yesterdays closing prce oI 9l34G ana for
about half an hour the price ned at ABOUT that
figure.
hi CHER cables aud the revised estimate by the
Hungarian Minister OF Ag iculture regarding the
words wheat and rye production. Livrrpoo,, be-
fore the opening here, had advanced SEQ I1sc
over yesterdays prices while Paris WAS ul-
changed 10 ! 5 centimes higher. The Hungarian
ngures made the worlds wheat production Tor this
year 20o,U000U0 bus hes than las. 1 he
words rye crop this year was estimated at A.
oOo,UVO bushels snort or la 81 year The North-
western receipts showed rather marked falling
on. The TO- al at Duluth and Minneapolis was
| 7SI cars. against 1U4o d week
Chicago receipts were also very light-l65 cars.
| The effect OF this MAS Offset ia measure by the
Cincinnati Price Gu rent, which saiu that rams
had so improved the ou look an enlarged area was
practically assured.
Although the opening was strong there
! quite number OF holders who were willing TO
AXE their profits, and selling OF this sort suf-
icIent 10 start the market in the opposite airec-
4
! wheat production came IN while the market was
weakest but LIS effect not noti> cable. Broom
| halls special correspondence said the Caucasus
/ province would not export over 24,UOO0OO bush-
els OF nhea gainst iS co., 900 bushels last ear.
Very little life shown after the opening
furry. Realizing sales By longs, coupled with he
weakness corn, made a combination which the
market could not oVerI ome and there was steady
DRIFT downward. / he uecliue WAS not rapid as the
! trade was limp warrant much movement
he early selling by the lon simply supp led the
more urgent he shorts after which the market
was lef. Largely its own re>ources. The exports
| TOR the day were equal 10 $4,000 bushels. Pri-
| mary market receipts were 1,US1. QUO bushels,
against ,03S, 900 year ago.
December radualv settied down TO 9OSs99Ol2c
and closed AT S012919O5Sc.
Corn developed great weakness almost from the
start An attempt made by ;he holders Of
December future to change their property to May.
In DOM 50 the din, renee te.ween he TWO months
wiGened u &C per bushel- Large quaint les OF
coru " ere thrown the market he SESSION. ad-
Nanced, much OF which credited TO New Noik
longs.
OATS suffered with corn. There was no trade of
importance and the market was entirely sympa-
tnetic
Considering the weakness of corn, provisions
showed considerable strength. The market
started strong with some outside support and on
weakness Que 10 the decline Ia gra II, then quiet
again and kept the mar firm Tor the renal der
OF the session.
The leading futures ranged as follows: