The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1897-08-19
THE CHICAGO MARKETS.
The Hoard OF Trade.

CHICAGO. Aug. 1S-Tn wheat traders
were treated 10 surprise az the opening
by the action Of the Liverpool market,
which was totally unaffected by yester-
days sharp advance here. and before the
local opening even showed an advance.
This was due, IL was said, 10 buying IN
California wheat. New York also re-
ported numerous aceeptances OF last
nights cable Offers. September. which
closed yesterday al sSasTSSAc. was want
ca at the opening at from Sisc to sai4c,
and sold sparingly at s@sc at about the
same time, There was naturally a great
deal OF wheat for sale In so radical an
advance and before sellers fell again
into a minority the price had reacted to
Asc. From that point II began another
climb and went higher than before ere
IL reached another hating place. Prin-
cipally to the poor crop reports from the
Northwest was due the second advance.
Not only were the spring returns OF
wheat harvested disappointingly hght,
Of it still standing has deteriorated con
siderably Ia the last three weeks Fields
In North Dakota that three weeks ago
looked like producing from twenty 10
twenty-five bushels, from present appear
ances will yield only about twelve TO fif-
teen bushels, and the average for the best
part of the state Is now put conseTva-
lively al not over twelve bushels.
September advanced TO s5ssc before
realizing was sufficient TO send the price
down again. Then for some time the
market fingered around &'sGS5isc. CHI
cago receipts were IAS cars, and a9e1
bushels were inspected out OF store. Min
neapolis and Duluth got IA car loads,
compared with % a week ago and S46 tho
corresponding Law OF last year. Exports
from the Atlantic seabosrd were equal
in wheat and -four TO 6e5, 900 bushels. The
sensation OF the day was the great adj
vance in Paris quotations. The August
delivery Is equal to $50 per bushsl higher
than It closed Saturday last. December
February term was quoted one franc, or
SIC per bushel higher. The erect on the
market was felt Immediately, the pit till-
ing with anxious shorts, and the price
jumped TO She in very few minutes. Even
at the price little or no wheat was Of
fered for sale, and the market advanced
with extreme rapidity. The close was
wild Sslxc being offered for September.
while December was practically on an
even plane with 1t, but was bringing ssSsc
at the end,
Corn was strong. but it's strength was
chiefly q reflection from wheat.
The trade in oats was rather sluggish
until the last hour, when me enliYening
influence of wheat was felt to marked
Provisions were strong. and a consid-
cradle addition 10 the speculative interest
in them was evidenced by the more than
ordinary number OF orders from outside
sources Most OF the trading, however,
was confined TO pork.
Live stock.
Cattle-Native beef steers sold during
the day at sizf5.5e, chiefly ct As19fS.ls.
with an occasional lot of very ordinary
Western fed steers st ss.s591S.s5; stochers
and feeders active at S3I4.45 for Common
TO choice, and some yeariings were taken
a. N75: calves, s5.T5de, Western range
cattle. s. 7544 ..
Wogs-The Sulk Of the sales were at
So s1ff4 the extreme range for the poor
est TO the best hogs being $3.50 = H.
Sales above $4.05 consisted OF selected
Iight lots Of c0rn-fed hogs. while grassy
lights sold at s.. s5F3.S0: pigs g S5lf4io
sheep were saiabie ut s2M2sa for In
ferior up 10 Seas for choice to primo
natives; Western range flocks IN good de-
rlane AT s3ff4: feeders. s35o1fSS5: Inferior
70 fancy lambs, $500 so.
Receipts-Catue, 1900; hogs. Ss'"s'
sheep, 1900.
Closing Quotations.