Santa Fe new Mexican. [volume] (Santa Fe, N.M.) 1898-1951, 1911-05-02
MAY WHEAT
UP IN PRICE
Uneasiness Caused by APP
parent Intention to
Manipulate
SEN T|MENT is AGAINST BEARS
Unfavorable Weather Condi-
tons Helped Movement on
Exchange.

(By Special Leased Wire to New Mexican.
Chicago, Ill.,, May 2.-Neryousness
regarding an apparent intention 10
run up the price of MAY wheat here
caused an advance today in new crop
with the jump OF the current month.
| The latter option was bid up more
| than two cents a bushel before the
selling by commission houses and pit
scalpers put stop to the manipula-
| ton. Slightly unfavorable weather
conditions in the country helped turn
sentiment against the bears and so
did higher cables, due in part to big
decrease in the European visible sup
ply. The opening was IA to 1-sm1-4
cents above last night, with May lead.
ing. July started at SS 1-4mSS L., a
gain of 1-4M1-2 cents advanced to
IS 1-2@5-s
Corn derived firmness from the
strength in wheat. Trade was light.
July opened Is to IA cents lower at
rs to SO, reacted to % 33-4 and then
advanced to SO rs. The demand for
oats exceeded the offerings but was
not of unusual volume July started
a shade to is cents higher at - is
! old to SO IL, sold at 50 is and rallied
to 80 1-S@1-4. Scattered buying and
the advance in the market for hogs
gave lift to provisions.
| The close was firm with July at 50
an advance of Il over last night.
First sales were 5m71-2 cents tc
15 cents higher with July at $15.10
for pork $S.15, for lard and sS10G
S.12 12 for ribs.
Trading Active on Wall Street.
New York, May 2--On Wall street
trading was active at the opening :,
the stock market today, the first quo
tations in most of the active stoc!,'
being about on level with yester
days closing. Delaware and Hudson
rose ! 81, Western Maryland one, an,
American Cotton Oil "a; Canadian Pa
cifc lost a point. Active stocks raj
off fractionally but there was a pal
tial recovery later when the coz
stocks moved strongly. Ontario an
Western rose "a; Lehigh Vale
1-2; Rock Island preferred 81;
heavy tone developed in the latte
: part of the morning and prices fel
back from the point which they reacf
ed yesterday. The weakened positio
of the market seemed to be due to e,
tensive profit taking.
Drop in Prices.
New York. May 2-Prices mende
slowly in the late afternoon but tn
leading issues continued to rule we
below yesterdays close The marke
closed steady.
. The Wool Market.
Boston, Mass, May 2.-The woo
market has again lapsed into auie
ness, sales being for the most part i
small lots of secured wools. Value
are steady at what holders regard a
bottom figures. Fleece woods show n
Improvement, one-quarter Ohio sci
ing at % 1-2 with Michigan slight
lower A fair amount of territory i
moving in original sacks at II to 1
cents. Clothing territory secure
! sells at 4G to As for fine and As TO
fine mediums. Bidders are all il
the West interviewing flock master
Tor the new clip and buying is renor
ed very active, with prices risin,
In Utah where Is cents was quote
: last week, shearers are asking |
= cents Pulled woods remain dull an
:. rather weak.
Closing Figures Firm.
Chicago, May 2.-The closing figure
:, were firm. with July 80 Is cents a ne
:. gain of Is.