The San Francisco call. [volume] (San Francisco [Calif.]) 1895-1913, 1895-04-18
CHICAGO MARKETs.

CHICAGO, Ill, April 1.-THE wheat market
got suddenly excited during the last fifteen minutes
of Change on the cash bill which developed here
and at New York. May sold at 5714c against
561ac last night. The following were given as
reasons for the squirt: Sales OF 100000 bushels
here for shipment East equivalent to May prices;
sales of round number Of carloads, from % TO So
in addition 70 the above to go to Michigan miller
and other smaller lots for country millers and
sales reported from New York, 81 boatloads, in
Guiding u at outports, with cash selling to milers
at 14c over May, it telegraphed. The big
feature Of the situation the claim that outside
of Chicago there is practically valuable wheat
for export or for interior domestic miIIers.
Trade in wheat appeared TO be much in doubt
this morning, There was not enough outside bu V
ing to greatly encourage local buyers, on the
other hand the bears were tlmid because the past
two days the export sales getting risky.
There was no influence in the cables Routine
news was somewhat bullish. Northwest cars were
lO4 compared with 262 a wear ago Western
markets all told had l72 900 bushes receinfe
against 272,000 bushels last year. Owing 10 the
opening Of navigation the forward movement of
wheat was liberal.
Official reports on the Baltic and sundrv shin
ments gave 3,343000 bushels where the New
York dispatches YESTERDAY claimed 100000
Russia and Argentine. Minneapolis dispatches
were bullish in tone regarding cash wheat and
flour. The four leading ports and New Orleans
cleared 1or the day 4S1 QUO bushels In wheat and
-four. On this the market made its best rally this
morning. The rains over the Southwest and
favorable growing over most 0? the country gave
the bears encouragement. At first prices we're
title changed, with sales for May at 5619a565Sc.
followed by a dip to 561Ad 563Rc and fafr rally 10
565sc. Before II O'Clock second dip to 5614c and
a second bulge 70 565sc was made. Later the
market held quiet at 56l2c, where May closed for
two days showing Zee improvement from Satur-
day.
There surprise in wheat the last hour.
Baltic and sundry shipments were corrected TO
5,576o00 bu shells. On this the crowd broke Nav
to 5c1sc. When New York reported Is boatloads
for export and 100000 bushels OF No 9 red at Nav
price there was an attempt to buy. The May went
up 11sc 10 5714c in "a few minutes. Last prices
were 571std5714c for May and 5S14c for july.
Scaping short holders were punished.
Corn weak almost ali day, but closed about
Lice over the closing figures OF yesterday Nav
opened at from 455s94534c and worked down 10
451s. with recovery TO 45129455sc in sympathy
with the advance in wheat.
There was big business doing in oats, and the
market closed 1sd14c lower than yesterday. Lib
eral selling caused the decline. May started at
zS5sc. declined 10 2Sc, sold up TO PSI s02S1Ac and
dropped on to 277sc and rallied to 2s14c, at ich
price il closed
Trading in provisions was light and fluctuations
narrow. Pork ranged from S12 221s@l2 3215
and closed al Sl2 30, or sc decline for the day.
Lard IS 215c lower for May and unchanged for
July. Ribs showed DO change in either the May or
Isrlt+ HeI