New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-04-06
THE TRADE ~ CHICAGO.

Chicago April (SpeciaD.-There were two Dis
tinct phases to the wheat market hearish for the
first hour bullish for the last. Early there was
break OF a cent from Thursdays close the las,
price was lc over Thursday. May opened at 7rsc,
sold between 707sc and 73isc and closed I5c July
dropped TO a little discount closing at 72H.c. The
local talent was bearish and did the early selling
It was decidedly more springlike West An Ohio
April report made the condition OF winter whea.
S. and estimated 26 per cent OF old grain In farm
ers' hands Private adyices from Kansas. Indiana
and Michigan were as bullish as ever II anything,
more bullish. Kansas City claimed that the Kansas
State report would be 50 bad that II would be with.
held for a time by the State authorities. 90 as
not TO set investors talking On the break the
first buying was from the West. but the buying
which made the tp-top prices was by local shorts.
who had started in wrong. There was an idea that
G. H. Smith who has been playing the bull side
in a large way but who sold wheat Monday GOV.
cred his shorts to-day. Liverpool showed loss
from Thursday Of NC to sc. but an advance over
Tuesdays prices. The worlds visible increased
5000 bushels compared with an Increase last year
Of l2740O bushels. Clearances for two days were
55oo bushels The shipping demand here was
slow Tho seahoard reported some nohllng. with
eleven loads sold The contract stock a"M
bushels showed an increase for the week Of pioD
bushels Up to noon the market was a rather SLOW
one In the last hour there was big trade, and
a stampede by local bears.
Corn lost sc early but more than recovered II
and closed isc Monday. May opened at w,
sold between 34hc and 35sc and closed at S5e. July
closed at 25ssQ35aac. There was decided improve
ment in the shipping demand. export sales from
here rea ching 10000 bushels. Western receipts
showed no increase. Ciearances for two days were
100 600 bushels Liverpool showed sd decline from
last Thursday. Early there was lot OF selling by
holders The buying which most affected prices
was by Patten and Pacaud. local professionals
Pacaud has been the leading bear up TO the pres
ent week He is now supposed to he long. The
feeling is more bullish than II was
Oats broke asc. but then followed the lead o.,
wheat and corn and recovered again. May opened
at 2sisc sold between 2stc and 2s&c sellers ard
closed at 26ssd26%c. July closed at 257sc. II was
not altogether matter OF sympathy. The season
is late and the reports from Iowa in regard to
seeding could not be worse. Receipts were 80
cars with $50 for Thursday.
Flaxseed was easy. May opened az 81 @ where II
closed Monday sold between 81 q and s. q and
closed at 81 22ls. Minneapolis had cars; Duluth
I: Chicago. a.
Provisions were slow up 10 noon. They then
turned strong with grain and or local covering.
Pork closed l5c over Monday: lard and ribs ?zG5c
over. Patten the best buyer, covering ire
OF pork Hogs were steady, with 27oN received
and 5000 estimated for Thursday. The shipping
demand keeps slow. The sentiment is not bulllsh
On the curb puts May wheat closed at re:
calls. 74asc. Puts May corn. 34+dSi7sc; calls
S5bd35i.c.