New-York tribune., 1905-04-06
Lord e Taylor
TRADE IN CHICAGO.


BY TELEGRAPH To THE TRIBUNE.l
Chicago April 5.-May wheat became quiet and
went reeling around in irresponsible fashion,
but clutching higher prices after every lurch It
made. L made 1ac and sometimes 1c changes be-
tween trades. and closed at 81 II. against 81 IA
Monday. Such strength was the surprise of the
day July woke up under the influence of the
strength the other and closed at top of 1c advance
after showing a coed deal of weakness for an
hour or more. Even September improved &C. May
corn was found by the shorts only little less
difficult to buy than was the May wheat, and II
closed at 1Ac improvement the closing price Of
the preceding session. July also gained ic.
Oats were in sympathy with the rising prices. and
provisions likewise Joined in the general advance.
Resumption of business after the days inter-
rupon for the election found the wheat spectators
more inclined to the selling side than they were
as the session ended Monday Easiness of the
market at the opening due to the continued
favorable weather. About the only matter Of diff
ferent significance considerable drop in the
volume of the Northwestern receipts. Chicago re-
ceived 26 cars, compared with 81 last year. May
wheat. after selling as high as 81 ia, dropped
back to 81 Is, but at the end was again bringing
81 L. July closed the high price Of the day. SS5sc
The lowest S7&c
Market for opened firm at a shade higher
than it closed Monday and more through the
scarcity of offerings than any unusual volume of
the demand the price in the forenoon gradually
hardened. Receipts were liberal. the number in
spected since Monday morning being SAP cars of
which Sc were contract. ana AZ more of the latter
kind were transferred from private houses. Ship
ments from Chicago were $4,000 bushels Esti-
mate of tO-morrows receipts was 459 The
range OF May was from 47l4c to 4s9sc. closing at
4sI2c July sold from 471sc and 47I4c to 4slsc and
4sI4C closing at the latter price.
business in the cat pit dull and quiet. The
market held firm at the previous close. with luct
uations of prices up to midday within range of
Isc Receipts lS5 cars. OF which 81 cars were
contract and of the grade $1,000 bushels were
taken from unlicensed elevators Shipments hence
were 395 900 bushels Estimates for tomorrow, l50
cars In sympathy with the advance in other grains
and on covering by shorts the market within the
last hour showed considerable activity. May closed
at 3O3sc. after selling as low as 2S24c The highest
$0$Sc and S0l2c. July sold from 2S1ec to SOlsc
closing at 30C.
Provisions showed considerable strength and the
trade was of liberal proportions. The advance Of
lOc 10 15c I'm prices the yards caused scramble
by shorts to cover at the outset, and as packers
were also supporting the market. the bulls had
their own way Local longs also selling and
taking profits May pork sold from $l2 s. to 81 S7la
and july from S13 02I2 to $13 O712. May lard sold
from 81 221z TO 81 27a. and eased off to 81 and
July sold from 81 81 IS, and eased OF TO 81 i2
May ribs sold from 81 o7z and 5! 10 up TO 8 10 am
eased off TO 81 32la and 81 35. Hog receipts were
1900 head and prices at the yards advanced lOc
IN