The San Francisco call. [volume] (San Francisco [Calif.]) 1895-1913, 1895-05-24
CHICAGO MARKETS,

CHICAGO ILL. May 23.-With foreign markets
booming and domestic crop damage reports grow
Ing more and more numerous, wheat plunged
wildly up ana down over a 4c range to-day, ending
112c higher than yesterday at 1880 for July.
Inc opening was over very wide range and the
scene in the pit transcribed all recent efforts at
sensatio nalism. July, which closed yesterday at
1T14c and sold as high at 1870 on the curb the
the start at from soc to Sic. The trading was
heavy at both prices at the same instant in differ
ent parts OF the crowds and the result was that two
or three had bid Sl34c in that isolated spot before
tney tempted any TO sell, The extreme adj
tnedelore over the closing price of the day
1oeiore was 412c, and that added to yesterdays
o9'Sc rise made the gain from Tuesday afternoon
10 Inc opening this morning s1sc per bushel.
Ihe pr1ce surged up and down for an hour and
haif, during ali which time brokers with buying
or SEEMING orders took the wheat they had ordered
10 ouy az the price II was offered sold at without
attempting TO wait single moment for a chs nge
which might be from 14c to 1ac per bushel against
them. j. G. Schwartz, who has been a sensafionsi
plunger IN corn and wheat for year failed to re-
spond to margin calls made on him Yesterday
afternoon and did not paw his debit halance in ths
clearing house The buying In of wheat Which he
was short, by the firms with whom he had traded
caused a rise in July to 81 lac from aronnS sasSc
where 1t had dropped TO after the opening bnisse
ana several other minor but yet considerable fiuc-
tuations. ~
OF schwartz line of 100000 bushels or so had snh
sided the prices swelled TO SIC. The cause princi
paliy contrlbutory to the additional excitement
and sensational advance to-day, was the corrohora
tion OF the worst that was previously reported of
WY " euc CIOp IL Is now almost
sally believed that the greatest part of the
central area of the wheat belt has suffered an
amount OF damage from various causes which will
make TINS years crop very small one In addi-
tion 10 tnat the Liverpool market was excited and
from 50 TO 40 per Genital higher, which is the
equivalent OF about 312c or 412c per bushel That
advance, however, leaves the I.yernool nrice
about lOc below the equivalent of the value hero
After the bulge TO SIC the tendency was in tho
main downward, but there were numerous raJiias
as 1t slowly sagged. In the last ten minutes of TIC
session, however il knocked clean off its stiIts
making a tumble from around SIlAc TO 781Ic or q
decline OF about &c per bushel in the time nanoed
1t recovered hail. to S0s4c, which was the closing
price.
The corn market was weighted down by heavy
receipts, 500 cars to-day and $50 cars for uo-nor
row. The opening price for July was from 55ihc
to $3.50, and it sold almost immediatelv IN 80
After that it dropped gradually to 55c, where it
closed "
Oats-The market was wild and excited at tho
opening. The only cause, however, was tho in
f1uence Of wheat and corn. No indenendant
features to be found. A big business was
transacted nevertheless July opened 3lsc higher
at 3014c, sold from that to SIC and closed at 3sc
Provisions suffered from plethora of hogs 10.
days $4,000 head, and tomorrow % 600
are reported The market got some support during
the forenoon from the strength in wheat, but when
It began react and the hog products left TO
themselves they tumbled, and at the end prices
loo lower for pork and lard and 71sc in ribs.
The leading futures ranged as follows;