The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1898-04-12

bring about the decline. Advices from
Washington early were of a more pacific
character, and as good deal of buying
has been done of late on belief that i'm
pending hostiiities would bring about
higher prices this fact was responsible Tor
more or less unloading. The weather west
was very favorable for farming opera
tons and early crop reports were bear
ish. The government crop report was ex-
pectsd to show a condition of 81 against
$50 last year, but uncertainty in regard
to this and the fact that the foreign
markets were still closed had tendency
TO restrict the trade all day. Small north
western receipts were apparently over
looked. Minneapolis and Duluth reported
I'll cars against 357 last week and 662 a
year ago. Chicago receipts were 50 cars.
The addition TO contract stock was
large Besides receipts of Il f1rs OF this
grade from regular sources, . cars ana
E.eV bushels were received from mixing
houses and cargo of f0,l15 bushels by
lake, a total of about 1iS.OOO bushels
amounting to 10 376 600 bushels. Liquida-
ton, which started at the opening, was
kept uD without intermission for some
time, the price finally dropping to S31z.
slight rally was caused by buying by
holders of these privileges. July reacting
to S3es9 S3a. This show of strength last
ed but q short time. The visible supply.
which was expected to show decrease OF
about d million bushels. proved a severe
disappointment TO the bulls. the decrease
ket quickly sold off again on this an
nouncement. and the lowest prices Of the
da.- were recorded July got down 10
S3isG S3L.. The market then steadied
somewhat on covering By shorts. but did
not rally much until after the noon hour,
when the great strength of the san Fran
cisco market and decidedly sensational
reports of the wheat condition IN Cali
fornia put different complexion on
things ana caused the best buying Of the
day, some really important short lines
N.msr. 10 arNrFE
were the worst 50 far received. a hot
norther prevailing with an advance of
2-10c at San Francisco. During the last
hour OF trading the market showed a
good deal Of firmness. The July price
finally advanced to 1875 and closed at that
figure.
Corn was very weak generally. Fine
weather and the broak in wheat started
selling. q break of half a cent following.
Near the close. the rally in wheat brought
buyers into the market and prices rallied
TO the best point of the day.
Ma ranged from 29z to 1885 and
closed 1sMI4c lower. at 295sH29s..
Oats, in a general way. SymDdthiZed
with wheat and corn. and ruled weak
and lower on moderate amount OF trad
ing. The fine weather also counted. De-
mand was very light until the end. when
II improved on the wheat rally. market
closing fairly steady at some rally from
the bottom. May ranged from 253sG25&
TO 259s and closed n shade lower at 25as
Business in provisions was light and
mostly OF Sc3lplns nature. Lower hOR
prices. the grain decline and the more
peaceable prospects at Washington were
responsible for an opening decline and the
still lower prices which followed Mar
ket improved with the late recoveries in
grain and closed steady. May pork, TIC
lower at $50: May lard 2i5c lower at
5lI1a, and May ribs 219c lower at 5.l71a.
Estimated Receipts, Tuesday-Wheat
i06 cars: corn, 800 cars; oats. 300 cars;
hoes. 1900 head.
The leading futures ranged as follows: