Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1883-05-14
CHICAGO MARKETS.
Trn,ic at the Great wheat Centre Re-
We've

IrRdc at the Sreat "ucat NentFe We~
viewed.
CHICAGO. May i3.-The great Washington
secret, the crop report OF the Agricultural
Bureau, was kept until the very hour at
which II was promised and then II was
sent broadcast. When the big and little;op
orators came together yesterday and awaited
the stroke OF the bell TO begin their buying
and selling Of wheat, all were In possession
Of the same facts, and all had about the
same length OF time TO think OF them. The
report was so anKiously looked for that, 10
IL had presented facts that had not very
largely anticipated, IL would have made .
great stir. Wheat opened half cent lower
that il closed. Friday night when all
the
world WAS in Ignorance
OF what the Bureaus rcpor, would predict.
1t soon advanced until IL stood At Thurs.
day nights figures and then moved around
within a very narrow limit The closing
figures were within one half cent Of Thurs.
days. Speculative extremists, whether
bulls or bears. were disappointed by tho
document. The persons who have been
predicting a shortage Of l5,"0,0S bushels
were. cast down. They have been talking
sons who have been propbesying IN aver.
age crop, and promising in siIty days "
sell at 81 more wheat than any body would
want 20 take, were not 10 be comforted.
The high. church and the low church
GraIa Gambiers
were the only sorry looking men on the
board. The moderate men were grautied
that the highest statistical authority In sI-
isteDce reached Just about the conclusion
concerning the wheat prospect that mode.
rate pcope the world over anticipated.
The Governments figures provoked all
sorts of comments. "a vast deal of land
said Phil Armour, has been pIowed mp
since the Governments estimates were
compiled, and think the June report will
admit shortage OF over II. 90 90 bushels"
There has been" said John T. Lester, -
great Improvement since May In the
pro + ecrs" Said Lindblom; 1T admits .
Greatsv RhortaEe
thsn Anticipated IL would IL would. The
Jure report ~ill estimate the crop, think.
at under 40. .OC0. .OJO bushels"
1T was" said Henry TowDer, OF Rumsey
Bros. "just about what expected"
II am bull on wheat" said Francis J.
KeDbett, but think the report will have
the effect 10 temporarily depress prices .
little"
The June agricultural report will nov bs
looked forward 10 with even more interest
than was the May report. II 10 expected
that IL will be more decisive, and IL will
certainly he more comprehensive. The
document Just made public makes some
reference To spring whsst, but does not
pretend u
II Innate On AsythisG Bst the Acreage
Wheat closed las, night pretty strong N
81 II for May, 81 I3I for June and tI I6I
for July. and On the curb the figures we're
"a &c higher
II j. believed that some, Of the big bulls
have soIdf out part Of their holdings. and
are anxious for q weak spot 20 o. ~ get IN
again. With . good psrt of the bull
party willing that there should be break
snd all the bear party anxious for IL,
there Is some likelihood that IL will come.
Corn continues very strong, closing TO
night st 551z for June and SIX for July.
Provisions we're lower, pork closisg st
I5g20c, and lard q .tgi0c undsr last night.
The market was very dull, snd ~ no es
pecial support was gwen. the figures sagesd.
July pork stopped st 80 ~. and July lard
al l2c.