The Austin weekly statesman. (Austin, Tex.) 1883-1898, 1897-02-11
GRAIN AND PROVISIONS.
CHICAGO.

Chicago, Feb. 9.-Wheat today recover
ed twice as much as it lost yesterday, the
May option closing at full 5-Sc advance.
There was no particular occasion for the
advance as far as the days news was
concerned, but the bulls were once more
in the majority and prices were forced up
ward. Corn recovered 1-Sc and oats ad-
vanced 1-S@1-4c. Provisions closed DC
higher.
Wheat opened weak at from 76 IL to
76 1-4c for May as against rs La
76 5-Sc, its closing price yesterday. The
Liverpool market, which recently has dis
played good deal of readiness to follow
declines on this side, opened at I'D de-
cline. The chief reason for this weak
ness here was also an influence in Liver
pool caused by statement in the Liver
pool Corn Trade Review, which was to
the effect that the worlds stock of wheat
and flour, which decreased 100000
bushels between January and February
/, 1896, only decreased $1O,S0O.OOO
bushels in the similar time this year That
statement was surprise to the dealers,
as the reverse from this had been greatly
expected The later cables showed re-
cOvery in the English market. The re-
ports from the other side limited at the
political complications which might result
in a scratch of war; This became an in
western receipts, 1926 cars, were offset
by the flour sales of $4,000 barrels and
the report of mills paying May price for
wheat, and prices then started to mend.
After the recovery was fairly started the
trade got bull help. ST. Louis messages
revived the crop injury talk. Central
Illinois points sent complaints OF serious
nature New York reported liberal ex-
ports for the day. The four ports clear
II ,ln1r ,,, Ant1r
The buying on the foreign war talk be-
fore midday put the price of May to
II 1-2c. Bradstreet's report of the
worlds visible, showing only $4,000
bushels decrease last week, caused the
price to react to II lac, where it closed,
the board adjourning at 1215 p. m. to
enable the members to attend the funeral
of the late Hugh Mcmillan.
Corn was easy at the opening with
wheat, and firmed up later on the same
account. Speculative business was rath-
was largely in the way of covering shorts.
Export clearanccs were liberal. $4,000
bushels. May opened shade higher at
24c, sold at % 7-8624c, reacted to
"a lac, and closed steady at 24G24 1-Sc.
Oats were fairly active and firm, the
selling pressure being less urgent, and
shorts showed disr osition to take profits.
The fImness in wheat also helped oats.
Provsions-At the close May pork was
about 15c higher, May lard sc, and May
ribs about 10c higher. '
Estimated receipts for Wednesday
Wheat, Is cars; corn, 30 cars; oats, 25O
cars; hogs, 10000 head.
Cash quotations were as follows:
Flour-Steady.
No. 2 spring wheat, 75&@76Ac; No. 3
spring wheat, 76c; No. red, S6A@S7Hc
No. corn, 22A@221@c.
No. 2 oats, 16Ac; No. 2 white, f. 0. b..
1915@20c; No. 3 white, f. o. b., 16@1SHc
/ No. rye, 35c.
No. barley, nominal No. 3, f. o. b..
241sG24%c; No. 4, f. o. T., 4@26c.
No. 1 fax seed, 741A@761bc.
Prime timothy seed, $2.60G2:65.
Mess pork, per barrel, $77OG715.
Lard, per 100 pounds, $3.75.
Short ribs sides Qoose), $3.S5@4.10.
Dry sailed shoulders boxed, 4A@411ac
Short clear sides (boxed), 41s@4Ac.
Whisky, distillers' finished goods, pei
gallon, SLIT.