The Austin weekly statesman. (Austin, Tex.) 1883-1898, 1897-03-18
GRAIN AND PROVISIONS.
CHICAGO.

Chicago, March 16.-Crop damage re-
ports and denials of them ran the wheat
market today, the result being net de-
cline of Bloc for the May options Corn
was practically at a standstill and closed
unchanged Oats declined 1-4c. Provi-
sions were again strong and advanced 50l
Zoe.
Wheat opened weak, the first sales of
May being made at from 70 3-4 to 70 1-2c
compared with yesterdays closing price
of 74c The chief cause of weakness was
the disappointment in cables. Notwith-
standing our advance of a cent yesterday
on the crop scare, both Liverpool and
the continental markets were lower. The
opening weakness continued for about
half an hour, during which time May
gradually declined to 1903 1-Sc and
July to Is lie. That was the turning
point, and before II O'Clock the price had
recovered to "A 1-S0T4 lac, though not
without vigorous opposition. July led in
the advance and indicated that all was
not well with the prospects of the grow
ing wheat. This conclusion was fortified
by the action of st: Louis, which sent
buying orders here in bundles and gave
crop damage reports as the reason for
their action. Early in the session dis
patches from Topeka, Kan, of a semi
official character said reports had been
uniformly good concerning prospects of
growing wheat up to within two or three
days ago, but a few complaints of dam
age had been received since. This was
more comforting than the reports of wide
spread disaster from that state yesterday,
but Ohio, Indiana and Illinois farmers
send reports of destruction from too
many quarters of that state to admit of
anything but bullish market.
Chicago receipts were 16 carloads. Min
neapolis and Duluth received $50 cars
against 377 cars a week ago and 567 cars
on the corresponding day of the previous
year. Bradstreet's reported a decrease in
the worlds visible last week of 4,077,0
side ard 2,364, 900 bushels decrease in
and afloat for Europe. The price of
May at the close was % 5-Sc.
Business in corn was slack. The dull
ness of trading may be shown by the
fluctuations in the price, which were bare
ly 1-4c. Exports, SO6,0OO bushels.
The feature in oats was the increased
liquidation by May longs and was the
main cause for the weaker feeling and
quite heavy and the session active
throughout.
Provisions maintained the strength they
have been displaying for some days. At
the close May pork and ribs were Zoe
higher, lard sc higher.
Estimated receipts for Wednesday:
Wheat, IA cars; corn, 116 cars; oats, 155
cars; hogs, $1,000 head.
Cash quotations were as follows:
Flour-Dull.
No. 2 spring wheat, 723sc; No. 3 spring
wheat, re; No. 2 red, S35stGSS5sc.
No. corn, 23A@233sc.
No. 2 oats, 1614@16Ac; No. 2 white,
f. o. b., 191@G21C; No. ) white, lie.
No. rye, 3215c.
No. 2 barley, nominal; No. 3, f. o. b.,
24@32c; No. 4, f. o. b., 22A@2311ac.
No. flax seed, 7S@S012c. :
Prime timothy seed, $2.7002.75.
Mess pork, per barrel, $S.S5@S.S71a.
Lard, per 100 pounds, $4.22119@4.
Short ribs sides Qoose), $4.706490.
Dry sailed shoulders (boxed), 41a@5c.
Short clear sides (boxed), 4A@4Bc.
Whisky-Distillers' finished goods, per
gallon, SLIT.
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