Democratic Sentinel, Volume 17, Number 14, Rensselaer, Jasper County, 21 April 1893 — WHEAT MARKET BOBBING. [ARTICLE]

WHEAT MARKET BOBBING.

The Sun ill Fry Milked by the Chicago Eiperts. May wheat bounced up 3 V cents Tuesday in Chicago, and then dropped back 3 cents, duly advanced 2 K and declined 1 cent. The government report (77.4) is the lowest April condition with one exception since 1885. Cables were exceedingly Strong, spot red winter wheat being up 2Ad. in Liverpool, equal to 3 cents a bushel over night. Counselman & Day and Lester bid the May price up, evidently making Or trying to make the pace rather hot for Pardridge or other sports. The decline was on the idea that May bulls were free sellers of July taken dn during the past few days at a lower price. Corn opened steady, but eased off later in sympathy with wheat and oats. May started } cent higher, at 41§ cents, and declined to 40i to 41 cents. Oats were

weak, with a big trade In progress. The rains eased the anxiety about the oats, crop and there was a feeling that a great deal of land plowed up for wheat will go into oats because of the failure of wheat. The decline amounted to 1 cent from last night’s figures. Provisions were easiet on the liberal receipts of hogs.