The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1899-09-29
GRAIN AND PROVISIONS.
Liverpool Plays Prominent Part In
Wheat Trading In Chicago.

Chicago, Sept 2S.-Liverpool played
prominent part In influencing the early
ton of wheat trading. That market open
cd lower but quickly recovered and at
the opening here showed good advances.
This was regarded as indicating the Sc
riousness of the Transvaal situation.
Early indications also pointed to large
clearances for the day. Outside buying
was quite heavy at the opening. New
York houses being especially prominent.
The opening in December was at 7S3sq73A,
an advance OF lzQSs over yesterday
close. This was at call price. and for a
time the market met heavy selling against
these privileges. A good deal of general
profit-taking was also done and a. de-
cline in December to 1885 cents took place.
but before IL o'clock the market had again
become strong With heavy and general
buying. The contnuai falling off in re-
ceipts at prominent receiving points at
tracted more attention and the belief was
more general that the winter wheat sup
plies from now on would be much lighter.
New York and st. Louis at the same
time reported numerous acceDtances of
yesterdays cabled offers. Best prices
were obtained in the last hour of trading.
The market during that time exhibited
good deal of nervousness. and the price
changed rapidly though within a narrow
range. Realizing was heavy but on all
slight breaks the market received sub
stanuai support, and though best prices
We're not maintained the close was at a
substantial advance. A go ID imp-ovem mt
in the demand for flour was reported,
tive trading. The market at the close
showed a marked growth of bull senti-
nent among local traders, and trading
throughout showed the effects of increas-
ed outside interest. A bull feature was
the falling off of 500, coo bushels in prim
airy receipts in the past four days. De-
cember advanced to 741s, and reacted to
ing was done in May and that future de-
veloped more strength than anything else
on the floor. 1t closed %c higher at
76Ss cents.
Corn was fairly active and irregular.
There was heavy liquidation by interests
supposed to be prominent on the long
side, which influenced the market all
day. Deferred futures in which trading
was mostly of scalping nature. were weak
for a time in sympathy. but later recov-
cred on covering by shorts, and closed
steady. December closed 1sc higher at
3Ols cents; September closed 1ac lower
at S211a cents.
Oats reflected the action of corn, Sep
TENDER being weak or moderate liquida-
ton in spite of small receipts, while de-
ferred futures were steady. Trading was
small and mostly of a scalping nature.
The cash demand was rather slow. De
cember closed shade higher at 221sqZ3;
September closed &c lower at 221A.
Provisions were firm and in good de-
mand. The chief influence was the heavy
cash demand and fair advances were
scored during the morning on buying by
local operators and exporters. Later
heavy selling by packers caused a re-
action, but the market closed steady at
slight changes. January pork closed 2k
cents lower at $50; January lard. un-
changed, at 5.69k and January ribs a
shade lower at 5.12k.
The leading futures ranged as follows: