The morning call., 1894-05-05
Chicago Markets.

CHICAGO, May 4.-The price Of oats made SEN
sat1onal advance to-day. The corner in May.
which has recently been dormant. woke up and
surprised the shorts. The prices which for some
time have been lowering around 33c. took a
jump 10 377sc. Yesterdays price at the close
was 34c and the advance OF 17sc per bushe in
one day on an article which does not usually
move more than eleven-sixteenths OF a cent in
twenty-four hours was rather a remarkable oc-
curreuce The chief engineer OF the deal is f.
two parties supposed to own all the cash oats
in and the great bulk of the contracts of the
shorts for May delivery, and the manipulators
not pushing matters. The shorts. in their
anxiety to get cut OF the hole, made themselves
responsible for to-day's advance. I he condition
OF May delivery OF oats is not coDhned to Cn-
cagO alone; Nay oats Is scarce article In Mil
waukee and ST. Louis, aud something Ike a
While May oats we're selling at 1883 they could
be bought for July delivery at 30$s. The position
shorts in May is TO be judged from the fact that
there are only $4,000 bushels of contr ct oats in
store and there supposed TO be about 5000 900
sold short The manfpulators raised the screws a
IttIe at the close and let the price drop back to
367s. The fine weather to-day was no bar TO a
fairly active demand for wheat. 1t had bulge OF
"a in the first As minutes of the session and after
a slight reaction j. had additional bump OF Ssc
The trading was quite animated during the latter
part of the advance. The opening prices for July
were 5s3s bid. with only sale or two at that and
much more gene ally at 5e1a. IL worked gradu-
ally W until it struck bO1s. here was reaction
to 5S5s. followed by speedy bulge To 6O12, from
which iatter point there was another reaction OF
IS. closing AT an advance OF 1c above thursdays
last quotation. The prospective decrease in the
visible supply was the sole cause OF the bull feel
ing
first haIf hour when it reapsed into quiet state.
The market was firm, apparently Influenced only
by the strength in wheat IN a limited amount of
trad ng the price worked up Le from the opening
and reacted only "a, closing rs higher than on
Thursday.
activity The scarcity of the offerings more than
the extent of the buying was the principal feature
of the days trade. he Cudahy Packing Com
pany was the chief buyer of pork. Swift encoun-
tered SOM OF the stuff that had been bought yes
terday. Hog receipts were only $4,000, compared
with 10000 estimated. Receipts in the West
were also light. The quality of the hogs receiv ed
here was said to be poor, which was another
cause OF uneaslness to the shorts. July pork
gained Use, c sing within SC Of the high point of
the day. July lard was 71sc higher at the close
than on Thursday. and ribs l0c hfgnar. Esti-
mated receipts for saturday: Wheat 90 cars:
corn, 705 cars; oats 16O cars; hogs. 1000 head.
The leading futures ranged as follows:
"neAt Highest, Lowest. Corn No. - '"e'''
Sniy. Mny sSe SSise 5sssc July July ..sSzse So 1$c 1
Ma Lara Per tVO 81 421s May. | Sc 67Is sS62Is
e :7IS :s7IS sa5g ssBs sst4h Is sss ss
Mess Pork per bbL-
may-sl2 AN sl24o
The cash quotations were as follows: Flour
Dull aud unchanged. No. Spring Wheat
5S7sc; No. 3 Spring Wheat. o @55c; No. hed.
585Sc: No 2 Corn, 3S14c, Prime Timothy
SEED. 81 %: Mess Pork p Dbl $l2 5O@l2 52a9;
Lard . 100 lbs 81 4212(d7 4712: short Rib
sides aoosej. Sc 6V@6 621a: Dry salted shoulders
~, xed) seas %; Short Clear SIDES tboxedl.
s6 87Is07 l21a: W hisky distilers' finished goods
q cal 81 8: Sugars. Cut Loaf. -; Granuiated.
-: Standard A, -: No. 3 Yellow, -.
on the Produce Exchange to-day the Butter
market was weak: Creamery, l3@l6c; dairy,
le0l4c. Eggs. steady at l0c.
CATTLE
CHICAGO, May 4.-The Evening Journal reports:
Cattle-Keceipts, $500; In fst: demand frme rims
IN extra native steers. $4 50@4 55i medium.
81 1904 40: others, So 95@4; Texans, % so@
4 10 s,,a nm
cbanged Rough. heavy. 50 50@4 10; packers
and M xed S5 1905 Is: prime heavy and buten-
ers' weights. SO l5@5 20; assorted hght' % 10
sheep and Lambs-Rece1pts. 5000 Slow; heavy
sheep not wanted: top sheep. 81 2594 10; top
lam bs, 81 1905 70.