, 1879-04-17

was ou ccnI6, EellHh uOWN 10 " ceHtBt AMI kHEh
c1os!,,g at Bs55 ccnts. There does not nppcar TO
bc an! unusual excitement amongst those who
manipulate tho whnat market, no apprehension
Of disastrous break, nl!l 10 fcnss that thu
bottom will drop a1ti let tlem nil out; b,t still
the fact remnlns that, The May market las mn.
tcr'ally appreciated, an.t operators arc turning
their contracts Into the lunt deliveries. aud at
the aasno time assuming fresh obligations In tho
way OF lncrcnsln. storage tlnrgce. Then 1t IL
rrrnrtcd OIL one haul tint tlse Ffss1cr ilrtn, wp
nsslsed In manipulating the deal for Jlth kcenc,
few dayai aud, ngain, another wcil.postetl wheat
dealer Will sny TINT hu llas test positive tn-
formation tlMs Flshut has fought aud sold lust
as my other broker, atll has no ad1':
ttoi,At wheat Oh Ills haalh III tile lnterGat VI
kccne. 1t IL difficult to understand why these
reported purchases SHOULD hc n,nc-t.!At is, for
tho purpose Of holding til tl'a Kecno Interest
SO LONG us the market Is tteprcclatlnE, nlMi the
warehouse charges ate so lluasy rs at present.
So 1t can scarcely be believed thAt heellc !las
ngatn catereI tic Ae.s1, fes just now he has
nf,ont all he cares to l0oK nltcr III the llnO Of
wheat.
1T is rNErTY GENERALLY KNOWN
TINT Keune bought, first a.l last, this -pnst
winter about {, 500, 900 bushels Of wheut, No. =
sprlng. 1t nay bo That he has 60o, ,0)o bushels
nero thnn th!i asgregatc. Tint wllrat coet
S2 @ tsto" assr M esss1 o y enfsss III In "i. a
per bnsioE This >does not tako Into
consideration tho insurance, interest
item. witch would run te maximum Of eost
materially above tho figure hero SGT forth.
Fron the 18th Of Aprl, Tuesday last, thc
atUrngc Is at tlc rate Ut one-nlf cent per bushet
elevator, or q eent mud haif per month.
There hrc today, IN round numbora, say 7,000,-
900 bushels of No. sprlng wheat In the Chicago
elevators. Th's amount is held ut MI cxpehsu
fttf
Keenu owns o,ie:halt tic wheat Of Chicago, i
will coet him 253,600 per month to carry ls
gra!n from this titne until It. is withdrawn from
the elevators. So it may be seen Mt q glance
nifircpt operator with apprectating charges nix.
long SGMsRo1Kss Mr Ksss 0t aay Ster man sn can
sts o 4 spsA a;e g'mIf Ills is wSsat lea toSss a%ss
beyond question, has cost him from ~ toy
cents Il busllul more than he could realize on 1t
were he to sell out ut our nnllgctuat!ng market
na tno bas's q ysstsraay's s!osinE Guotatspnna: na
agents 80 On 'Chnnge, a.tf tlaunt the grain Into
the faces Of the boys In tic pit, rs was donc hero
few WGcks ago,
THERE MUST De A BREAK,
and the shorts will rush In to take advantage Of
I the situation.
! spring wheat, No. 2, has increased In storage
bulk hero to that dcgrce that there ta DosEtivcy
now no room formore. There aro on fmM about
7,Uo, ,00a bushels, and no orders. or .Coinpasa-
sy as s o. psfsyF o ~tf s Sf9s 1 S rsrses sss,
nrd it Is a conundrum to know what Is
to bc done with tho accumulation. Of No. !.
snrlng. 1t Was rlinoretl yesterday TINT somu
extensive contracts for June delivery In Now
York had been made by dealers In tl,nt city, but
tlsose who pro!cssed to Know would not con-
celc that this was done III t1le Interest or for the
purpose Of shipping The kecnu wheat. Keene
fae Insured hts wheat IN this city up to tie 1st
| OF ,IlluE.-tllat Ia Authoritative II W0Dt4 have