The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1899-01-19
GRAIN AND PROVISIONS.
Increase In Visible Supply Wrecked
Wheat Market.

Chicago Jan. 1S.-Several commission
houses who had selling orders OF
curb before the opening and that, to-
gether with lower cables from Liverpool
and the continent, gave wheat a weak
! send of. May opened ZGSs lower at 70n
l0ls. but there was great deal OF wheat
wanted at the decline and the market
became firm with slightly upward
tendency during the first hour. Receipts
here ard in the northwest were sur
fciently moderate to favor the bulls
rather than the bears and early indica-
tons were for a heavy total of seaboard
clearances of wheat and flour. Yester
days revelation in the case of. Russian
shipments was still in the minds of the
traders. however. which prevented any
enthusiastic buying and the market ruled
rather dull, with May hanging around
TOSS.
visible made it 600 bushels more
! than it was a week ago compared with
reduction of 1,951,O00 bushels the same
week of last year. After a temporary
decline from around 70iA. to which May
had slowly climbed, the Short-liyed weak
ness being induced by Bradstreet's state
ment, the market became comparatively
strong. May reaching 7Oas about two
minutes from the close At that price a
demand sprang up from traders who had
calls sold and May rose to 7o7sq1 and
closed at 705s-
Corn was easy and a shade lower TO
start with. but The demand was good at
the decline and the firmnesS that de-
veloped in wheat helped corn to maintain
itself against absence of shipping de-
mand- May closed 1sGA advance.
Selling by a prominent elevator con-
! Germ weakened oats carly After this lot
was disposed of the offerings became light
and after the other markets became
stronger the demand improved. resulting
in a sharp advance. May closed Sal
Higher prices for hogs and heavy
shipments of meats started provisions
strong. There was a lot of selling early,
however, and as the demand was scat
tered prices eased Off. As soon the
grain market began to show signs of
strength this was all changed and buying
became animal ed resulting in an advance
all around. May pork closed ~ cents
| higher The range in lard and ribs was
narrow.
The leading futures ranged as follows:
|
waeat-~e, &
open. High. Low. ! Close.
May ..!oq7O1s Ilo3sQu 70 707s
July ..6S1s Us as ISIS
Corn-No. 2:
Open. High. Low. Close.
M Ian = :: ss3sasss. 81 Sc Sc S sss
July ..s7 IIs7A @s7qs 1873 S7&
Oats-No. 2:
Open. High. Low. : Close.
Jniy 2sS2sis : i5sisa2sA 55zs I2sls
Mess Pork-Per Barrel:
Open. High. Low. Close
Nay :: iS.5ii: Job 1000 $50 s.f
Lard-Per 100 Pounds:
Open. High. ! Low. / Close
Nan Nay :. :: 5.7si. 5.i5is $40 5:5s's
Short Ribs-Per 100 Pounds:
Open. High. Low. Close.
Nav sfn :. t t.SBs 5 81. t t.s3: Sc.
Cash quotations were as follows:
F'lour-DuN.
Wheat-No 2 spring. 6ss4d6S: No. 8
spring. 6212Q6T; Nc. ? red, 70Aa7012.
Corn-No. 2. 3512.
Oats-No. ?, 26I4G27; No. white. 2s.4q
S1A; No. white, &1s@29
Rye-No. ?. 81.
Barley-No 2. 42G53.
Flax Seed-N0. /. lib.
Mess POrk-Per bbL 9.S7d9 .921s.
Lard-Per 100 lbs. 5.52iaGs5.55
Short Ribs-Sides Qoose) 4.7Gd4.95
ShOulders-Dry sailed (DoXed). p4G42s.
Short Clear-Sides (bOXed). 5.10G5.15-
Whisky-Distillers finished goods, per
gallon. III.