The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1897-02-05
CHICAGO MARKETS.
The Roard OF Trade.


CHICAGO. Feb. 1.-TWO factorx con-
tributed - the weakness win wAaea
whezt started. The principal one was the
lower English Gales, especially these
bearing On the Liverpool market. some
OF the earliest cables reporting a decline
% lad. with wasat pressing for sac, as
they put T. AS the decline on this s2&s
yesterday amounted 20 Only sc, x eosl1
Dot % attributed Altogether 70 sympathy.
IN fsct, many regarded the stump az a
result o. manipulation pure aaa simple.
bur Z had its effect OF opening prices
nevertheless. The other factor Was prom
inaat yesterday. consisting % reports That
much Of the resent casa business had
bsan sold for May delivery. Fer few
minutes after the opening tra6ers were
rather On the fence Nat SO much was
offered for sale a. had been expected II
view Of the low Livsrpoel quotations. and
this fact encouraged some traders - hGy.
with ths result that sight advance
ensued. BuI the liquidation. though de-
the prsSsurs 70 sell was persistent and
heavy. not only from those anxious 10
hQuidata. but from professional bears put
ting ont additional short lines Opening
trades IN May were made AZ T4ssgs74s-c. as
against yesterday ; closing prices o. E4.s
@ 15c- After a brief rally to t4s<c an IT.
regular decline to i45.c followed THIS " as
the low est price OF the day. ana proved
20 be the raIlyinz point OF a issc bulge,
the price reaching s5-sc shortly before the
close As far as fresh news went, there
than confirmation by cable frola London
OF the reported 80 per cent. deficiency in
the condition Of the French crop. CON-
pared with last Fsbruary's showing. An
old but stil active trader remarked that
he thought the market was 80 much con-
gested with wheat sold short as il was
with long wheat. when the price OF May
was at s5isc. After 3eisc had been reached
some reaction followed, but the closing
was strong AZ I5Ac.
Corn was dun but firm most Of the ses-
sion. During the last hour. In sympathy
with wheat. the price advanced
Oats were active from the start 20 IN
ish. Selling by shorts Immediately after
the opening brought about a decline The
rally which snsued was brought about
through sympathy with wheat.
Provisions were weak throughout,
though they kept within narrow limits.
Closing quotations.
Whsat-Feoruary. 74c; May Sac.
Conf ebruary. 2Zlsc. May. 24i.c-
Osts-FebTuaEy. l59sc. May, isSac.
Pork-E,elbrusry. $l;t7ta: May. s55it;
Rios-February, $SS5: May. SS1s.
T1mothy-s2S0.
Rye-34izc.
Bariey-3lha33c.
Live stock.
In cattle prices were stronger 70 I0e
higher for good cattle. and dry-fed beeyes
aged fully zoe higher than the close
or last week. Sales were on basis or
3e0u4 for common dressed beef steers.
up to $3.50 for choice 10 extra cattle,
with the bulk OF the sales at A-l0g5,
stockers and feeders in good demand at
S. 59a4.I5. Butchers and Gamers stun
was scarce and active. cows selling large
~ at~s2 2543 .. and heifers at S.2Qa.l5.
In hogs. trade was active and prices
stronger TO &c higher. Common to prime
drovas sold at s.. I5g3 50. largely al S3.S3l
80.
In sheep. trade was animated at arm
prices Sales were made OF inferior sheep
al s.. esq., 90: fair 10 medium grade. 81 IS
G325: good stocks al 81 50lS IS. and choice
to prime lots at s9.s0llS.90. Yearlings sold
at s. a0QL3o. Lambs were IN good demand
at S4l5 a few inferior lots going for
s35043s0.
Recelpts-Cattls. 800; hogs, =. 900; sheep.
1890.