The herald., 1897-12-01
CHICAGO MARKETS
Yesterdays Transactions on the Board
of Trade

CHICAGO, Nov. 3O.-Wheat started
heavy, and was on the down grade for an
hour and a half. May, which closed yester-
day al 90IkQ905s, opened today at 90$sll90ia.
Enough buying was started at the slight
decline to advance the price temporarily
to S9A, but 1t soon got down again TO 90A
December was even weaker opening at
n lower. at 95A. selling to 96, then declining
to 95A. Weakness at Liverpool, with an
opening decline of Nd. was perhaps the
main reason for the decline. The North
western receipts, while heavy, and COM
pared with those on the corresponding day
of the year before. enormously so, were
yet, as compared with the movement q
week ago, considerably smaller and indi-
cative of the bear point of rapid decrease.
Minneapolis and Duluth reported 1915 cars,
against 1906 last week, and S16 the year be-
fore. Chicago receipts were 2N carloads,
against only 5S last year.
The export clearanceS from Atlantic
ports proved to be conspicuously heavy.
so that they drove out of mind the bearish
features that had been the guiding mo-
tives on the decline and caused speedy
reversal of the previous course Of prices
The days exports of wheat were 1S' ,46o
bushels, and of -four IS. 199 barrels the total
being equal to 1,135,oo0 bushels of wheat.
That was said to break all previous rec
ords for one days exports from the At
lantic seabnard. Quite a scramble by
shorts took place after the posting of these
figures which resulted in sending the price
of May up to 91B@91Mc, and December 10
91Mc.
The advance was well maintained until
Bradstreet's reported that the worlds Wis.,
ible supply had increased 5000. 600 bushels
last week, 100000 bushels Of which in
crease was on this side, and $4,000 900 bushels
Of it in and afloat for Europe That tenn
porariy shook the firmness, and the price
Of May receded to 905s The shorts had,
however been so severely jolted by the rise
10 9lls@9lh, that they were rendered timid
by this time, and it took only a show of
buying to rush the price once more to
91isc. The primary market receipts were
three times heavier than on the oorres-
ponding day of the year before, the total
amounting to /, 1,103 900 bushels today. against
only 3S3 900 bushels year ago, but the
bulk of the days receipts were at Min
neapolis and Duluth. The contract stock
at Chicago increased $4,000 bushels for
the week, making the total 2, $50 00G bushels.
The market toward the close was quiet
but firm May winding up at 91M. De-
ceNlber however was not quite 50 buoyant,
closing at 9524c.
Corn took its price from wheat, starting
weak and declining as long rs wheat did,
and when the latter market changed from
weakness to strength, corn dlu the same
The days movements Of corn favored hold
ers, but this fact was disregarded until
wheat rallied. There was very little to the
oats market except changing at 11sG1Ac C
spread.
With the exception of short time after
opening, provisions were firm. Heavy re-
ceipts Of hogs here and at western points
caused some hesitation early. John Cud-
ahy was good buyer through brokers,
presumably covering short lines, and the
buying was responsible for the slight ad-
vance In January products which marked
the close.