The herald. [microfilm reel] (Los Angeles [Calif.]) 1893-1900, 1898-01-06
Yesterdays transactions on the Board
Of Trade

CHICAGO. Jan. 6.-Wheat started easy
at about q quarter-cent under the closing
figures Of the day before. May opened at
from 81 to 91ab and July from S2sl to SO. II
acted irreguiariy within narrow range
for an hour, May playing during that time
between a.sk and o. The slightly easier
feeling with which trading commenced
was partly due to a crop report of Tho
mans that made the acreage planted with
winter wheat 11.4 per cent higher than the
area harvested last season; also reported
the condition now 81, against AH December
LIST last and estimated the quantity In
farmerg hands at 24QO0O0U bushels, or
kl.M per cent Of last years crop, and that
thre is available for export in the next
six months 10Q.O0a0D bushels. 1t was also
a matter OF some disappointment to the
bulls that the Minneapolis and Duluth re-
ceipts were not reduced more materially
than was shown by 35S carloads at the two
places today as against AL week ago, and
l20 carloads the corresponding day of last
year.
Chicago made some amends however,
only 26 cars being returned as against esti-
mates made the day before for 10. and COM
pared with 185 the similar day of last week,
and 81 year ago. Liverpool was about
hd lower to begin with and dropped an
other Nd later in the day.
The first thing the bulls got any addi-
tional comfort from was the sale by Ar
mour g. Co. of 40.W bushels No spring
wheat for export at once by rail hence to
the seaboard, and rumored sale of a fur
Their $1,000 bushels. The price was said to
be W below the May price. New York
confirmed the taking for export yesterday
Of 81 boatloads-496CO 600 bushels-there, and
N6y00 bushels at other exports The export
clearances from Atlantic ports were again
liberal amounting In wheat and -four to
100000 bushels. That was a sustaining fac
tor, but when about two hours of the ses-
sion had gone and the foreign markets
were found to have closed weak, confidence
began to desert the early buyers and they
tNcame more anxious to avoid a loss dur
Ing the following half hour than they had
been before to secure a profit Liverpool
closed I'D lower for the day; Paris at a
decline Of from 10 to l5 confines on -four
and 10 confines on wheat while Antwerp.
in addition to drop Of 1n1s confines for
red American the day before, reported a
further decline Of a like extent for both
red winter and white California. These
features of the midday news caused
break to 901z. Letters agents were quite
active sellers on the decline and the bull
crowd was apparently playing for a break.
This had the effect Of keeping the smaller
fry ought, and those who had bought in
the morning had liquidated at loss and
tHo iocdi crOWu was EVIDENTLY AFRAID OF
being caught. A short time before the
close May reached to 9Oss, which proved the
final figures.
Corn was very quiet and prices changed
extremely small fractions. May closed I'M
changed, 291.
Oats were almost as inactive as corn,
and fluctuations were even narrower. May
ranged from 23A to 03M and closed at 2SA.
In provisions quite a good business was
done. The days shipments were again
enormous. The close was at the highest
points Of the day. May pork was us cents
higher at 9:c5; May lard. IA cents higher,
at 40 and May ribs 71HQ1o cents higher,
at 470, and 4l721h-