The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1909-04-11
H. WEEK IN WHAT
AND THE OUTLOOK
Battle of the Bulls and the
Bears Still On-Patten
Quite Popular.

CHICAGO. April 1.-THE battle Of the
bulls and bears stu gees merr,lv on
Ior the bulls. The bears have been
whipped 10 a fragile hut thew are sin
.sihihg OF the end of the Nav deal and
the money to be made selIine Nav and
july wheat short There is still an i'm
ms ''se short interest in the Nav deIiv-
cry, with more or less certainly of
cover 81 "iiUei
Jun Fatten has acted as If il was
sOoi poiicy not 10 permit the advance
IN me May delivery to do any further
soaring al this time, and Yesterday
IOulo MN seller disposing of much
mIiea' ana forcing the price down from
10 10 Los Later on the shorts again
TOOK the market and run tho nrfoe ~,
1z47s. INC seSSiOh'
reports continue at variance Some
are untay0rable and otrer favora bIe ~
he no., mere le Is a disposition to sell
t ny nSNt crop futures on the bute,
put when some one sold July a lif-Is
stSS.s rattsn TOOK occasion to demon
IN. ms Ialth IN high prices by boz
'iS d uiiiiion bushels on the break
Patten Sold Six Millions.
1t took about 100000 bushels throw,
on the market during the earlier ds1z.
OF the week by Jahes A. Patten to keen
the price for the May. delivery fror,
skyrocketing. and the millions were
sold between $1.20 and H.26N. last
September the wheat trade considered
this same Patten as little loose in the
upper story when he bought May wheat
right and left for a dollar a busheI and
up to cents a buskel above the even
dollar Now they have at least more
respect for the predictions Of Pattsn.
and believe him a good crop forecaster.
de has many followers.
But at that the situation is interest
ing. The bears. though heavy losers
are still keeping up a fight havjnS
turned attention to July. while .he sell
ing of May continues moderately ljveI,,
doloers OF cash wheat in the elevators
northwestern grain men. and local
! Spectators have sold wheat right and
left on the price and not on tie condi-
tons that have made It. july Is Il
cents under May and September p
cents under Nav and the bears hone
TO scare the bulls into unloading.
Chicago IS somewhat rnystified IS TO
the short interest in May wheat II is
accredited to Wall Street, to Armour
and local bears, and to other ''un-
knOWns."
Wheat In Kansas SiIz.
from AOSnenes kanS., comes the
story Of s1-12 for wheat. and nothing
coming in. The belief is that the farm
ers' bins are more or less empty. al
though the story is different from that
told in the more northerIy wheat cen
ters- Still the demand absOrbs the
| supply and the demand is not filled
Foreign statistics are buIliSh and il
| looks very much as II the high prices
! for the bread-mzking grain had come
to stay-the task of feeding the world
tsing too great for the yield.
Antagon1sm Gone.
And in the rural districts the Chicago
board Of trade and James A. Patten are
not being denounced; indeed, on the
contrary, they are very popular. and
Mr.. Patten has become the hero of the
agriculturist. the subject OF converse
tion at the village store, under tNe
Spreading chestnut tree" around the
frugal board, etc.
May wheat closed Saturday at s1.2S7k;
July at S1.127s, and September at sLO5zs.