The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1897-09-02
It Was An Unlocked For Con-
ditiOn In Chicago.
BIG TRADE IN CORN.
DECEMBER WHEAT BRINGS 1885,
AT TEE CLOSE
Closing Cables Were of a Very Mixed
Character-Special Cable and TeIe-
graphic Dispatches to Bradstreets,
indicating the Changes Recently
Made In the Available Supplies.

CNlcago, Tbs, Sept. ALI grain and
provision markets were strong today.
arler an opening which rather fndi-
Gated an opposite condition. For 2. mo-
menu at The opening wheat was below
the price it closed at yesterday. 1t soon
recovered. however. and for an bonr
afterwards rnled firm with a gradual
Improvement in prices until il. had
turned Nhe decline at the start into an
ADVANCE Of nc. The first trades in
december were at from SS16 TO $685. An
uhaccounfabte weakness oVertooIs tqa
crowd on the curb after the close of
liie market yesterday, and a uttIe OF
lhac round expression at the start to-
Jay 1nere was nothing of a weaken
ing or Encouraging character in the
early news. Liverpool was quoted ia
lower, but New York reported fors;e51,
buying orders and acceptancess of Of
TerS made LAST night by cable. both to
the United Kingdom and continent De-
HVertes at Chicago on September con-
tracts did not exceed l.. goo bushels al
though Liverpool was q shade lower.
Paris was the equivalent of 1Ac per
huslhel higher, and second cables
showed marked change for the better
at the English market It was to the
"
that the market owed it's strength, as
1t showed the dependence of Europe
upon this country for supplies until
next spring. at least.
Receipts here were 415 cars, q Of
which were contract MINNEAPOLIS and
Duluth received 1894 cars, against 945
the corresponding day of the year be-
fore. The Atlantic port elearanees were
again close to the 1000 900 bushel mark.
the actual quantity in wheat and -four
being 100000 bushels. which will make
the average export 100000 bushels a,
day for three consecutive days for the
equivalent of which reference has to
go back to the year of the Russian
famine. That gave a fresh impetus 10
the upward trend of prices. December
bringing 927s about 12:15 O'Clock.
Closing cables were of a mixed char
acter. Paris was 20 centimes-1e-per
buShel higher, Antwerp 1 franc of SIC
per bushel lower; Liverpool closed at an
advance of from I'D for December to
Id higher for September. Heavy shorts
in this market saw good reasons for
getting off that side and contributed to
the advance. which kept gaining till
within a minute or two of the close
December stood at 94c, but had reacted
to $3.50 at the close.
There was an enormous trade in corn
with the west doing the most buying,
and with crop damage claims the fac
tor. There was some disposition to sell
at the opening on predicted rains in the
corn belt. bot that changed quickly
when wheat shorts started for cover.
December started at from 311aG319sc:
most of the trading at the higher figure,
which was about where it closed yes
terday- The price gained steadily until
a few minutes from the close it reached
S3Hc, and it wound up at ISIS D334c
Some active short lines were covered
and helped materially in causing the
advance. Iowa advices were to the eff
feet that the seasons yield in that state
would he only half a crop