The San Francisco call. [volume] (San Francisco [Calif.]) 1895-1913, 1895-04-02
CHICAGO MARKETS.

- CHICAGO. ILL, April 1.-The rains, which broke
the drouth, affected the wheat, and May closed ssc
lower. =.
Wheat started with 5sc break on heavy rains in
the winter wheat belt. The market was very much
excited at the opening. From 545sc to SOC was bid
for May in different parts Of the pit at the same
moment, but the price soon began to steady itself
at around 545sc, with more buyings than sellers at
that price. The visible supply figures, they were
being received; supplied motive for accelerating
the covering operations of the shorts and the price
gradually worked up on the encouragement thus
given it until it touched 5514c.
The exports from the Atlantic ports were fairly
liberal. amounting to, wheat and flour, about AGO.,
600 bushels, SO that along with some talk of the
recent advance in silver being benefit to wheat,
was of further assistance in steadying the market
from its first break Primary market receipts. all
told, were $4,000 against 43l 900 bushels last
year. The decrease in the visible given at
1,456, 900 bushels The quantity of wheat on ocean
passage decreased 100000.
The visible supply figures weakened values when
first posted, but later were regarded as somewhat
bullish Owing to that the price well MAIN
tanned at about 55c Notwithstanding rather easier
foreign market The changing of long wheat from
May TO July widened the spread between the two.
May closed at 551se bid and July at 5612c. The
Orange Judd Farmer says that present general
condition of the winter wheat is 1874 per cent,
which is below the conditions year ago, Just after
the frost that occurred then. year ago the
Government gave the condition at 86.7 per cent
Corn was dull and averaged weak until the close,
when some shorts appeared to dislike the prospect
of having few thousand short over holiday and
put the market nearly level with Saturday clos
ing figures the session nearing its end. The
opening for May was 4614c as compared with
1850 on Saturday afternoon, and it closed to-day
Mt 461sd465sc. The days receipts were 1876 cars,
and for tomorrow 100 estimated, the lat
ter being one strengthening influence of the day.
The visible showed an increase of II 900 as COM
pared with decrease of $4,000 year ago.
A fair business was transacted in oats. The rain
was very influential in creating free long selling at
the opening. in which Congdon figured principally.
The crowd evidently oversold heavily for the later
market was composed greatly of buyers who dur
Ing the fore part of thesession were the heavy dis
pUsers The visible supply showed decrease in
oats of 1877 600 bushels, which very forward
in assisting the late advance May started at 29s4c
sold at 295sc and sold up to SOC, at which price it
closed. July ranged from 2S3zc up to 28Is@29c,
ending at 273sc.
The provision market was inclined to weakness
and in the end showed declines compared with sat-
urdays closing prices OF from 10c 121sc 10 pork
7L1c in lard and 21ac in ribs. The receipts of hogs
to-day numbered 5000 and the for tomorrow
was only expected to be about $4,000. Some TAX
ing of profits by longs who expected to load again
on further decline was the reason generally given
for the weakness, harbored TO some extent by the
lower prices for wheat and corn.
No session of the Board tomorrow owing to the
municipal elections