The Anaconda standard. [volume] (Anaconda, Mont.) 1889-1970, 1898-04-12

Chicago. April 1I.-Wheat to-day sold
on isc. largely on fine weather and enor-
nous worlds shipments. Closing prices.
however. showed a decline of but %dsc,
sensational crop damage reports from
California relieving the pressure late in
the day. The presidents message was
not n factor. the contents of IL being not
generally known until trading for the
day was practically at an end. Corn.
oats and provisions were all easier anu
left OF at small declines from Saturdays
final prices.
The opening tone In wheat was distinct
ly weak. July starting at from S4hc to
SIC compared with Saturdays close of
S4NGstLc. Several influences combined
to bring about the decline. Advices from
Washington early were OF a more pacifc
character and as a good deal OF buying
had been done OF late on belief that m
pending hostilities wou bring about
higher prices. this fact was responsible
for more or less unloading.
The weather west was very favorable
for farming operations and early crop re-
ports were bearish. The government crop
report was expected TO show a condition
of 81. against sl.50 last year. but uncer-
tainty I'm regard to this and the fact that
the foreign markets were still closed had
n tendency to restrict the trade all day.
Small Northwestern receipts were appar-
emily overlooked. Minneapolis and Du-
luth reported 2l ears against $50 last
week and 6s2 a year ago. Chicago re-
ceipts were s. cars.
The addition to contract stock was
large. Besides receipts OF Al cars Of this
grade from regular sources. % cars and
1900 bushels were received from mixing
houses and a cargo of 1910 bushels by
lake. a total of about 5000 bushels.
Worlds shipments were enormous.
amounting to 10. 316. 900 bushels. L.iquida-
tim which Sfnrtah Mt tho nnAnfno unG
kept up without Atermission for some
time. the price finally dropping to ssiac.
This was below the put price and "A
slight rally was caused by buying by
holders of these privileges, July reactlne
TO S3asmS3&c.
Tn visible. which was expected to show
a decrease OF about "a million bushels,
proved "A severe disa appointment to the
bulls. the decrease amounting to but 81
600 bushels. The market quickly sold OFF
again on this announcement and the low
est prices of the day were recorded. July
got down to S3IsdS3hc. The market then
steadied somewhat on covering by shorts.
but did not rally much until after the
noon hour. The California reports were
the worst so far received. n hot no-ther
prevailing. with an advance of i2-l0c at
San Francisco. During the last hour Of
trading the market showed a good deal
Of firmness. The July price finally ad-
vanced to s37sc and closed at that figure.
Corn was very weak generally. May
ranged from 2ss.c to 293sc and closed y
axe lower at 2sNn2s&c.
Oats. i'm a general way. sympathized
with wheat and corn and ruled weak.
May ranged from 251sd25s.c to 25ssc and
closed "a shade lower at 25Ac. Business
In provisions was light and mostly OF a
scalping nature. May pork was 1iRc low
er at $50: May lard 2isc lower at S.17H
and MAY ribs 2lzc lower AT s5.1Iis. Esti-
mated receipts Tuesday; Wheat. log
cars: corn. 900 cars: oats. Oh ears; hogs,
| 1900 head.