The San Francisco call. [volume] (San Francisco [Calif.]) 1895-1913, 1895-04-19
CHICAGO MARKETS.

CHICAGO, ILL, April Is. Excited shorts
scared by increasing exports and diminishing re-
ceipts drove the price of May wheat up 1c to-day.
Corn followed reluctantly gaining 14c; oats closed
unchanged for May and provisions finished with
slight declines.
Wheat started with convulsive jump to-day.
The first bid for May all the way from 571ac to
5Sc, with very little sale below 577sc as compared
with 574c sellers at the END of yesterdays session.
For an hour there was free realizing by the gen.
eral crowds Of longs and an equally widespread
buying by scared shorts and some other mysterious
interests which took the offerings such times as
the shorts would withdraw TO give the thing a
square chance TO drop. The price bumped on
$3.50 more than once and struck up against 5Sc
on several occasions prior to 2 O'Clock.
Once near the noon hour the frightened shorts
became rather historical. and they could not get
enough May Wheat until they had bid 5S5sc for it,
The figures of the davis movement were unite en-
couraging to holders. Minneapolis and Duluth
ceipts were 154 cars, compared with 200 week
ago and 1S9 on the corresponding day of last year
bushels, compared with $4,000 bushels last year.
and the Atlantic port clearances amounted in
Wheat and Flour to $4,000 bushels.
The cables were firm. Reports from the country
were of reduced acreage and poor appearance of
winter wheat and of restriction in the being
sown to spring. In the local pit situation 1t was
observed that Partridge apparently unmoved
by the advance. The trading of his brokers was
not heavy, and consisted Of moderate purchases of
May on soft Spots and corresponding sales of July
on the bulge. He was called heavily for margins
by several houses and responded with aiacritv
margining May wheat up TO around sc OF Csc per
bushel, il was said. Closing cables firm. The
market closed at 5S1s@5S14 for May.
Corn was very quiet and prices practically re-
fused to move during the first hour or so Of the
session. but later the great strength OF the wheat
market brought in buying orders and fluctuations
after that were over a much wider range The
opening price for May was 455Sc and a few sales
were made at 4512c. 1t kept between those prices
most of the first half hour, then rose to 46c
dropped again 10 4512c advanced TO 45$4 045 Tsc
and closed there after huctuatng for time be-
tween that and 455sc
There was a good general business transacted in
the market for oats. The main feature was the
changing from May TO June. The result was an ad-
vance OF 14c in the price Of June, while May
closed barely steady and ruled easier principally.
Armour sold freely early in the session. The firm
ness in wheat and corn governed the Quotations in
the more remote futures, all Of which ended at an
advance. May sold from 2S1,S92S14c TO 28c up to
2S3sc and rested at 2S14c. July started at 27isc
sold TO 273sc and closed &c higher at that price.
Provisions weak early lower iive-hog
prices and looked like going lower than they did if
II had not been for the sustaining influence of the
wheat market. Near the end it became known
that a big demand for cash product existed and
that heavy sales had been effected, and upon that
the market closed with declines Of l5c in pork loo
In lard and Tee in ribs.