The San Francisco call. [volume] (San Francisco [Calif.]) 1895-1913, 1895-04-20
CHICAGO MARKETS.

CHICAGO, Ill, April 19.-Wheat to-day went
up like a rocket and down like the stick. Partridge
being the influence both ways. His covering OF an
enormous short line Of 100000 TO 5000 600
bushels caused the advance, and when his line was
in prices dropped from lack of support May closing
unchanged after 112c bulge. May corn and oats
each closed 1sc higher and provisions made slight
gains
Wheat was again IN good demand when the mar
ket opened, although some little May wheat was
sold at as low 5Sc, July as low as soc at and
around the opening. About two hours after the
opening Shorts were eagerly bidding 5914c and
taking 1t at 5912c when sellers appeared reluctant
The influences were largely of a local character
Dut Liverpool London, Paris and Berlin all sent
high quotations at the opening The demand for
flour was reported from all directions to be good at
daily improving prices.
Primary market receipts were light The ex-
ports from the Atlantic ports were much lighter
than on the day before but the shipping demand
here for wheat to go East early in the dav re-
ported to be excellent Among other matters was
the continuation OF the dry weather An advance
TO $3.50 took place before the May shorts were al
lowed breathing spell, but at that price, which
was l1J2c per buShe more than it was worth III the
close yesterday, there was a general taking Of
prohtsi folloWed by very quick reaction Of lc per
bushel from the top, $3.50 being the trading price
for May about five minutes after u O'Clock. The
extra demand Tor May wheat as conpared with
the desire for July, is seen in the fact that while
May on the advance rose from 5Sc TO 595sc, July
in the same time only improved from soc 10 colo
the spread thus narrowing to SEC per bushel as
against the recent difference OF about 1c.
The business in the pit was broad Partridge
houses other than Partridge d Leemng, his usual
brokers' With the relief Afforded by the selling
out at profit OF much long wheat the PIT quieted
down and the few buying orders which came in the
afternoon were supplied by the scalpers May
settled down around 5S1a, and stayed there for a
considerable time without life enough to move
In the last twenty minutes of the session. It became
common rumor that Partridge had covered be-
tween four and five million bushels OF Nav and
July wheat and now practically ashore He
certainly covered freely. but is not supposed in
well-informed circles to have bought one-nalf OF
his line. The market became very heavy toward
the end. May sank gradually TO So and closed at
5S1s bid.
The commercial market was firm, with a ten
dency early in the day follow the fluctuations in
wheat, but later when the friends of wheat had de-
serted it, the corn market dd not respond TO the
others weakness and closed shade higher for the
day, the latest trading in May being al 45 ".
Oats met with a fairly good sale. May started at
2S1s and sold up TO 1884. There was rather scant
buying at that price and drop followed. The de-
cline went as far as 2S3s, at which price the mar
ket closed.
July sold from 27J4 10 27s,s, down to 27ss0271h.
and rested at 2712, 1sc higher.
The provision market opened weak on receipts
of 5000 more hogs than had been estimated and Sc
decline in their value. Later the market became
firm with wheat, and in lots quite strong with the
early decline turned into an advance. At the end
pork closed with net gain of 1212c. Lard adj
vanced 212 and ribs Sc
The eadiug futures ranged as follows: