The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1894-05-05
BOSTON srocx xxonAxsx
CHICAGO lGARkxrs.


CHICAGO. May l-Ths price Of oats made
. sensational advance today. The corner
In May. which has recently been dormant,
woke up and surprised the shorts. The
prices. which for sorae time had been how
ering around 33c. took . Jump to 37<c.
Yesterdays price &C the close Vas sc, and
the advance of I}c per bushsl In one day
in IN article which does mot usually move
more than l-l8c In twenty-four hours was
rather Q reuarkabls occurrence. The
chief engineer Of the deal 10 Z Hssss. who
10 seconded by Noble Jones. These two
parties are supposed to own oil the cash
oats In store and the great bulk Of the
contracts Of the shorts for May delivery.
and the manipulators were not pushing
matters; the shorts. In their anxiety to
get out Of the hole, were themselves r.
sponsibls for the days advance. The con-
dition Of May delivery Of oats 10 not con-
fined 20 Chicago alone. May oats 10 .
scarce article at Milwaukee and St. Louis
and something ike . corner in May pre-
walls In those markets also. While May
oats were selling at 3SsSc they could b
bought for July delivery ut $3.50. The po-
sition Of shorts In May II to b judged
from the fact that there arc 69l. 900 bushels
Of contract oats In store and there Are sup
posed to bs about 500. 600 bushels sold
short. The manipulators raised the screws
little at the close and let the price drop
back to 36Jsc.
The fine weather WAS no bar today to .
fairly active demand for wheat. II had q
bulge of q in the frst forty-fiv minutes
of the session and after Q reaction il had
an additional bulge Of &C. The trading
was quite animated during the latter part
OF the advance. The opening prices for
July wer . S9xc bid. with only . sale or
two at that and much generally at 69t<c.
1t worked gradually mp until 1t struck
6oisc. There was reaction 1t 69sfc. fol-
lowed by . speedy bulge TO 6o1sc, from
which latter point there Was another reac-
tion OF &c, closing at an advance OF 10
above Thursdays last quotation. The
prospective decrease in the visible supply
was the sole cause of the bull feeling.
The corn market was fairly active dur.
ing the frat half hour. when it relapsed
into q quiet state. The market was firm,
apparently In iuenced only by the strength
the price worked up isc from the opening
and reacted only &c, closing Ne higher
than on Thursday.
out much activity. The scarcity Of offer
ings more than the extent of bnytns WAS
the principal feature Of the days trade.
The Cudahy Packing Company were the
chief buyers Of pork Swift encountered
some Of the stuff that had been bought
Yesterday. Hog receipts were $1,000. COM
pared with 1900 Estimated. Rscsipts
were in also IN west The quality OF hogs
received Was said 10 be very poor. which
vas another cause of uneasiness to the
shorts July pork gained 7sc, closed
within Sc of the high point of the day.
July lard was ne higher At the close than
on Thursday. and ribs 10 higher.
E.tima,sd receipts for Saturday: Wheat.
90 cars; corn, Jos ears: oats, loo cars; hogs.
Il, 90 head.
Closing: wheat-No. 2. hrm: Cash,
Sssse; July. e}ae.
Corn Higher; No. ?; cash. ss,se; July.
sqjsSlS9ssc.
os..-aIsasr; No. . cash. sse; July.
Rye-sseady; No. .. 4sc.
Flax seed-flrn at Sis
Timotby-saieis prime. ~ -
Pork-Higher: May. si24s: July.
'Isra-Higher: May. 81. az; July. s7.a
SAors ios-Hisher; May. $6.A: July,
s.. Is; September S6i2ts-
LIVE STOCK.
cs.,,e-gecetpss- ESQ head Market,
fair demand; prime to extra native steers.
Se0fA-s, medium, 81 1894 90 others.
a aSss %; TEXANS. s. s5@sti Ia.
Hars-Receipts, Is oo head Market,
good demand: unchanged; rough heavy,
81 satsAzS. packers and mixed, 10
eAls: prime heavy and butchers weagass,
IS. lssS5. 20; assorted light 81 iSasa u
shrrn and lambs Receipts. eco head.
Market slow as heavy shser. not wanted !:
ton sheep. 81 2sstAss; top iamost As5S
"a