New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1885-04-15
THE TRADE IN CHICAGO.

CHICAGO, April IA (SpeciaD. The conditions
which prevailed at the openings for four days
in full force this morning, and the result
other very decided step up hill weakness OF consols
OF only 1-6 sufficient in ITSELF when aided
by the Liverpool cereal strength, to cause
an advance. The slight decline OF
10000 bushels in the visible supply Of wheat no
figure when remembered that the in sight
Is 1851 1872 bushels. The opening bid for the May
option In wheat 81 cents, jump Of q over
nights finish. with June at "a cents advance Of
la cents May pork steady at $l2 1912 so. The
relations betwe England and Russia certainly
more strained than the conditions OF the market 1t
was particularly sensitive TO the slightest breath Of
European news, and trining recovery In
eonsos was sufficient chop wheat L cent, while
vague rumor that Bismarck about to call a
ference OF the Powers with view Of patching up
peace knocked of another Il cent. The general
opinion was that the war had been worked
for about an that there was In 1t with the
HIGHT at present furnished and though the crowd re-
manned bullish" it evident that they were en-
deavoring talk the market down The impression
vailed that great deal had been sold at top figures
and there was a desire 10 buy back without
selling short. 81 have never known more dangerous
market than having here from day to day. said
odtne broker this morning. and 1t Is greatly 10
the credit OF nearly ali the speculators that they are
keeping weather eye to the windward
all the time. With advance Of ten cents bushel on
wheat Ia days, the room would have been strewn
with financial wrecks had the wild speculative mania OF
few years ago prevailed not only here but throughout
the country The OF cautousness has been cult
waited assduousy, and It's development has beesme so
marked that little less than advance OF 100 per cent
can cause the general trader ~ lose
Ills head or throw him eff his feet
The day noticeable principally for the absence Of
the extensive operators, and aside from room
buying and selling orders being about equally
divided June wheat was the favor1te, hav-
ing become Considerably popular
than May options, aud the fluctuations were variable
from Us cents 70 "a cents and fraction Corn held
Wen ana the faith Of those who have been saying that
II was worth so cents on it's merits war or no war;
seems in iair way TO be Justified though the purely
speculative ieeing nae aided driving IL not less
than To cents IDe reported OF the supply
crib, and the length OF time before q crop
tany attending IT, make this cereal choice with the
many who always figuring the doctrine OF chances
Pork was quiet aud transactions light, II being
unable bear 10 the opening OF Sl2 80 though IL
dropped only 10 cents below and recovered TO 40d45
In lard nothing done, the quotations being merely
nominal.
taken place In Afghanistan infused large amount OF
bellgerence into bull party, aud boom was inme-
datey started IL gained In forec on cable that the
English Cabinet had been called In extra session 10 con-
sider the latest Eastern and up 10 the O'Clock
close the course OF everything was upward.
AT O'Clock the quotations were as follows: May
wheat. y21s May cor 49i4c May pork, SlZ 42i9 May
lard, " OH Some floating adyces that Favored or
peace caused decline the late board and opening
prices were barely maintained
tne Following were the closing 2:3O o'clock quotations
[or the day: May wheat, 91ae00iia; June wheat,
y516i Nay corn, az; juno corn, 4yosc; June pork.
~ 80; May pork, Si2 47asi May lard. 81 05i june