The San Francisco call. [volume] (San Francisco [Calif.]) 1895-1913, 1895-04-23
CHICAGO NIARKETs.

CHICAGO ILL, April 22.-After a wild squirt
at the opening and slump in the middle of the
session wheat closed 1896 higher for May. Heavy
buying largely by shorts caused the advance. May
corn closed 34c higher, May oats lac lower and
provisions at a slight advance Wheat started up
with wild rush, opening trades being at 11ac adj
vance. Every one wanted 70 get May at 6I1&c
and July at 621ac and sellers at such tempting
advance over Saturday price were few. Almost
instantly &C was being bid for May and CSC for
July, and it was owing to that it was found possible
by the greater number Of the brokers having buy
ing orders TO find plenty OF sellers.
The onrush to buy had obtained such an impetus,
however, that 6214c and 6314c for May and July
respectively were paid before the trading got into
a regular swing. The las;-named prices proved the
elimination point of the advance, and it took only
five minutes from the start to reach it. The ex-
element gradually subsidized, and, having done so.
the crowd began to look around for the cause of
their alarm.
Liverpool sent quotations of an advance there Of
from 12d to I'd per GENITAL. Showers had visited
the large area of the winter wheat country since
apois and Duluth numbered Ait carloads, com
pared with only ITS carloads week ago and l45
on the corresponding day of the year before.
On the increase in ocean passage and the visible
supply decrease of about 700, 600 less than had
been looked for the price of Nav slumped to 6O8sc
in an irregular and unwilling Style but buying on
large scale set in again and carried the price up
10 6I3sc at which II closed, July closing at
623st06212c Many million bushels of long
wheat, perhaps as much as 10000 900 bnsbeIss
must have been sold to day. Shorts where their
presence was comparatively unsupported, have
developed themselves in the cornpit in large num-
bers
The demand for that long time neglected cereal
surprisingly brisk when the market opened
advance of 1c in May and July at the start
will indicate. The first prices were 483ac and
4SSzc respectively, compared with 471ac for NAV
and 1874 for July at the close Saturday Those
prices were quickly raised to 4S7sc for Nav and
4912c for July. and they proved to be the highest
points OF the day range. Subsequently, there was
a decline in May 10 4Y12c and in July to 4Sc sell
lers, but in the end May had recovered again TO
4S14c and July to 1890, both prices being bid as
the session was closing.
Oats started very firm and active. Shorts were
still anxious and bought freely. The advance in
wheat and corn also figured conspicuously in Great
ing higher prices early in the day MAY started
at 295sc and sold at 2934c. Elevator peo-
pie took advantage of the high prices and disposed
OF their holdings almost regardless. The price
dropped during the decline, and at the lower
prices buying was resumed and increased A wild
slackening up slightly at intervals, but resuming
again with greater activity. MAY sold OF tn 1S5kc
rallied TO 29c and closed at that price JuIv de,
livery attracted the greater part OF attention
AT the opening sales were made at 29@2e14c.
The decline took the price to 2S3sc the rally 70
285sc, where it rested 1sc under Saturdays last
quotations.
The visible supply showed an increase in oats of
$4,000 bushels, which was quite influential in
aiding the late weakness.
The provision operators had not a very active
day, but under the Stimulus of the big business
done in wheat and corn moderate demand sprang
up. Opening prices for pork, lard and ribs showed
advances of l5c in pork and 712c each in lard and
ribs. The first sales brought about the best prices
OF the day. At the close pork had established an
advance for the day of &c in May and 10c in July
lard l0c and ribs from 71l2c in May to sc in July.
The leading futures ranged as follows: