The Austin weekly statesman. (Austin, Tex.) 1883-1898, 1897-04-01
GRAIN AND PROVISIONS.


Chicago, March 30.-Wheat was very
weak all through today's session and
closed at full 1 1-2c decline. The
weakness at Liverpool and heavy north
west receipts were the factors in the de-
cline. Corn, oats and provisions were not
affected by the weakness of wheat Corn
and oats closed a shade lower ana pro-
visions about 2 12c higher.
In wheat everything seemed to be
against the bulls at the opening. May
which closed at 70 1-Sc yesterday, OPEN
ed with sellers at from Y 3-4c down to
u 3-Sc, not many at the latter figures
just then, but plenty of them at Y lie,
which became the regular trading price
for few minutes. In about an hour and
q half from the start the price was down
to II SAC The Liverpool quotations be-
fore this market opened were I'D
lower than at the close yesterday. Min
neapolis and Duluth receipts were TIT
cars compared with 40 cars Tuesday
week ago, and AS cars the correspond
ing day of last year. The Thoman report
differed radically from Shows report,
thus confirming what had been rumOred
about it yesterday. Thoman gives the
condition slightly higher than a year ago
with promise of 359,000,OO0 bushels at
the harvest, while Snow gives the condi-
ton lower with one exception than ever
known before. This radical difference
in the judgment of the supposedly trained
experts evidently Disguised the trade with
figures, and little attention was paid to
them. The figures on the northwest re-
ceipts were very depressing. One of
these blows dealt the bulls was late pri-
10 oil IL
cline at Liverpool. Bradstreet's report on
the worlds visible gave the decrease for
the week at 1851 900 bushels, whereas
3,500000 bushels more had been looked
for. There was rush to sell upon that
information, and May, which had recov-
cred to TIC, tumbled instantly to II 3-4c
for the second time. 1t was found how
ever, that the 1851 900 bushels decrease
applied only to stocks in this country east.
of the Rockies, the changes for Europe
and on ocean passage not being forth
coming. The price recovered a trife on
that, but the bears were in too thorough
control of the market for any kind of
bull news to have any effect and during
the last few minutes renewed liquidation
set in. May, after touching II lie.
closed weak at II 1-2@71 3-4c.
Corn was remarkably firm considering
the weakness of wheat. Fluctuations
were extremely light, however, and shorts
were the best buyers. Liverpool came
higher. Tomorrow receipts were expect
ed to be light and exports were large
300, 900 bushels--all of which made a
steady market. May opened shade
lower at "a 3-4G24 Use and did not get
on either side of those figures all day.
Oats were extremely dull and uninter-
estlng There was no especially infuen-
tial news, and the tendency was generally
towards easier prices. The market had
some support by people who put short
lines out Yesterday. The visible de-
ances were $1,000 bushels. 1T} ~
Provisions were strengthened by the
receipt of hogs, which were even smaller
than the smallest estimates. At the close
May pork was shade higher, Nav lard
2 1-2c and ribs &c higher. ~
Estimated receipts for Wednesday:
Wheat, 20 cars; corn, 107 cars: oats. 1iS
cars; hogs, $4,000 head. ~ -
Cash quotations were as follows:
Flour--Easy.
No. q 2 spring wheat, 7OA@71c; No. 2
red, S5h@S71ac.
No. 2 corn, 24ss@247Ac;
M No. > yh rTe, 8 s25 :; d. lS7s02o1se
No. barley. t. o. b., 331hc; No. 3, f.
o. b., 2S@3212c; No. 4, f. o. b., 25c.
No. fax seed. 75%@79c.
Prime timothy seed, $3.50.
Mess pork, per barrel, $8.5OdS.55.
Lard, per 100 pounds, $4.2O04 221a.
Short ribs sides Qoose), $4.55@4. 80
Dry sailed shoulders boxed, 4%@5c.
Short clear sides (boxed), 45s@4Ac.
Whisky-Distillers' finished goods, per
gallon, $1.1S.