The San Francisco call. [volume] (San Francisco [Calif.]) 1895-1913, 1895-04-05
CHICAGO MARKETS.

-. CHICAGO ILL, April 4.-After rather lifeless
session wheat wound up with bounce to-day,
closing CSC higher the reports of the heavy cash
business. May corn also sold 1sc higher: May
oats 1sc lower and provisions at moderate adj
vances.
The wheat market opened at about the same
price as it closed yesterday but weakened in the
course of the forenoon and declined from lac TO
Sc. The feeling not radically weak, how
ever, for at each decline there enough buying
orders uncovered to cause rapid upward reactions
10 an extent equal 10 the previous declines. The
domestic receipts were considerably smaller than
of atet and that, following upon the heavy export
clearances of Tuesday and Wednesday, had an
effect upon the Spectators which prevented them
from being enthusiastic sellers Their inclination
was rather TO buy on small declines
The primary market receipts were only $4,000
bushels. against 221, 900 week ago The foreign
markets were about unchanged. The Cincinnati
Price Current remarked that wheat required more
moisture, and the signal service minated there
was probability of its getting more soon, low
barometer prevailing IN Nebraska, Montana, the
Dakotas and Minnesota. That, and some rehaShing
of the Argentine wheat situation, formed the
staples of the morning gossip In the afternoon IL
became known that good inquiry for cash wheat
for shipment existed. Nearly every handler OF the
article was approached by people who had orders
10 buy, and although considerable quantity was
worked a very much larger amount would have
been placed if the holders had been willing to
cept the previous current rate, which was SAC
Seeing the extent of the demand the owners of
the grain naturally advanced their prices and much
OF that which was sold was at 5sc under. A tele-
gram from Liverpool reported decrease in wheat
in England and Europe, and on April ] the total
supply In the positions referred to 20, zoo, 900
bushels less than April l. 1894 New York
reported large business done for export trade and
under the combined influences the market became
strong and about fifteen minutes from the close the
price of May firm at 55c bid, after having
previously touched 551s for few minutes.
The market was stiffly around 55c to the close,
that being the latest trading price. Corn in
clined TO be weak early, but became firm when the
small lot of Is cars to-day were supplemented by
estimated receipts of eighteen cars for tomorrow.
There was small demand for corn to go TO Iowa,
but il was not large enough TO be much considered.
1t is the absence of demand in face of the very
small movement from the farms which keeps down
bull speculation. Moy cora opened at 4612c, sold
at 1880 and closed at 1880 bid
Oats sold rather. slowly, yet there was good
disposition get rid of them and an easier tone to
the market was the result. May started at 299s@
sac 295sc sold to z912c and rallied TO 1896 at
which price the market closed. July ranged
from 1850 TO 263zc and rested at 2S7s.
The provision market ruled firm and prices re-
covered some of the loss of the day before. Open
ing prices at about the closing rates of the day
before, but began Immediately to respond TO some
good buying orders which cropped up. The result
of the day business was advance OF 712c in
pork, 21l2c in lard and &c in ribs.
Estimated for Friday: Wheat, 20 cars: corn, SO
cars: oats lao cars; hogs, 10000 head.
The leading futures ranged as foIlows