The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1898-11-23
GRAIN AND PROVISIONS.
Wheat Opened Dull, But Blizzard
Scared the Shorts.

Chicago, Nov. 22.-The first hour and a.
half in wheat trading was marked by eX-
ceptional dullnesS, and prices during that
period scarcely moved from the point at
which the market started. It seemed as
if the blizzard had frozen up all incllna-
ton to buy and sell wheat, and trades
of any importance were remarkable for
their scarcity. There was some selling
pressure at the start, enough to cause $50
&c decline in the leading options. Early
Liverpool quotations showed a very small
advance. The selling, however, was ap-
parently almost altogether by shorts.
Liverpool receipts for the past six days
have been entirely from this country and
this and the decreasing shipments FROM
Russia and the Danubian countries had
evidently left permanent impresSiel on
the speculative mind, as very little local
wheat was for sale.
A remarkable feature of the northwest
market was an advance OF cent for cash
wheat. This was a starter for a notable
advance here. After II o'clock the mar
ket became active and very strong. The
blizzard which was raging throughout the
west and northwest was expected to re-
suit in q great falling off in receipts, and
also caused fears of an early closing. of
the straight This frightened December
shorts and heavy buying from that source
continued for some time, sending Decem-
Der at one time to a premium of rs over
May. The cash situation was too strong
for the market TO be held and near the
close buying became very, active again,
the market advancing and holding firm
to the end. December closed at 6S1s,
May at 671s67A.
The market for corn was active
throughout. Early there was a slight dip
on the theory that the cold weather would
improve the quality of new corn. There
were buyers for every bushel offered,
May closed 3s@12c higher.
Oats followed corn closely, opening
weak and closing strong. There was a
good deal of short selling by scalpers
early in the day and their covering helped
materially to strengthen the market May
ranged from rs to 26ls. closed sc higher
at 2624.
Provisions. though rather quiet, We're
firm and closed at an advance. Packers
were moderate sellers, but there was an
increased commission house demand, and
all offerings We're taken. At the close
9.221a; January lard, 5 cents higher, at
30, and January ribs 712910 cents higher
at 4.T0d4.7212.
The leading futures ranged as follows:
WHEAT-No. 2.
Open. High. Low. C9ose.
B9s- :: ..I; ssH 5 js ssn
May 1854 G669s 671Bq67A l66A 671SQ6774
oATs-No.
open. High. Low. Close.
Boy. $ $si$ Ss3i sss sS% 3 s@ss
May .Si4saSl55s5 . sl389843l 59zs.5s :
CoRN-No. e
0pen. High. Low. Close
R Rs7 .: :E5& . e. 3 I sss
NESS PokK-PeT Dbl.
Open. High Low. Close.
Dec. :. 1871 500 7.S7k 800
May $50 9.429E 9.275z $40
LARD-Per 100 los.
Open. High. Low. Close.
R as as e. e. 81: : EE f. s s e 5 e
Snort RIBs-Pe. 100 lbs.
Open. / High / Low. ] Close.
rs rs rs s s f. e e Il Il: e e
Cash quotations were as follows:
Flour-Dull; generally 70 cents lower.
Wheat-Spring No 3, 6S14@6612; No.
&C Corn@So. 2. s41s@344.
oats-No. 2 +; Q. B., 2e24@271A; lso.
white I. o. b.. 29d2912.
Rye-No. ?, 81.
Barley-No. 2, 5000.
Flax Seed-No. J. 97G99.
Timothy-Prime seed, 2.25.
Mess Pork-Per barrel, S.00GS.05.
Lard-Per 1o1 pounds, 501lad5.10.
Short Ribs-Sides Qoose), 4.60d4.S5.
Shoulders-Dry sailed 0boxedl, 4.25d4.5O
Short Clear-Sides Qoose). 495@5.O0.
Whisky-Distillers' finished goods, pei
sugarEcut loaf, 5.95; graduated, 5.45.
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