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Show BULLISH SENTIMENT IS MARKET FEATURE Volume of Trade Unusually Large ; May Wheat Reaches High Mark. CHICAGO. April 3. Extreme bullishness bullish-ness was manifested In .tho wheat pit throughout the entire day and thc volume, vol-ume, of trade was large. Traders apparently appar-ently were not greatly disturbed by the suspension of John Dickinson fs Co. The manager of tho concern said there would be no losses to the Chicago trade. At the same time It was believed a good many short sales for the account of the firm had been executed. This proved true to some extent, as there was buying of wheat "for whom It may concern" during dur-ing the early part of the session, presumably pre-sumably Dickinson short linos. Thc market opened strong and at a wide range of prices. First Hades' on May were quoted at ?l,20j to 31.214. the In tier figure being the high point made during the Gates deal ln 1005. The July delivery opened at $1,084 to 51.124. Thc strength nt thc start was due to the bullish bull-ish sltuntlon surrounding the grain thc country Jn advance of xi)t pence in London. Tho leading bull was on thc buying side of thc market, and this started plenty of covering by aborts. Early in thc day prices reacted a trtflo on profit taking, but toward the end the first hour tho prices again started upward and before the upturn was May luul advanced to $1,224 and July to $1,082. During the final hour the market wns bulllshly affected by crop damage reports and by an Improved demand for Hour in the northwest. The close wns strong, with May at $L21R$j 1.212 and July at $1.0SS. Thc com market was spasmodic, trade being active at times and then Inclined to drag. Tho tone, however, wns llrm all day. the close showing net gains of a shade to 480; May GSe and July G7Jc. There was a broad and active trade Sn oats and the market scored moderate gains in sympathy with the strength with other grain the market closed firm nt net gains of 4c In Xc. Final quotations on May at ooStffooic nnd on July 4S5tf'48Bc. Provisions closed a shade to 5c higher. RANGE OF THE LEADING FUTURES. Wheat Open High Low Closa May 1.215 1.224 1.204 1.212 July 1.084 1.0S2 1.084 1.088 Sept i.oo; 1.001 1.004 1.005 Dp.c 1.005 1-004 1.00 1.00 Corn May 07a 0S4 072 GS July 062 67 064 665 Sept 664 - 665 664 06'J I Dec 572 5S4 572 58i Oats-May Oats-May 552 555 555 00Z July 488 4S8 4S4 4S8 Sept 404 402 104 404 Mess Pork, per barrel May 17.874 17.025 17.S75 17.00 July 17.875 17.025 17.S74 17.00 Sept 17.95 17.95 17.924 17.925 Lard, per 100 pounds Mny 10.15 10.15 10.124 10.15 July 10.25 10.25 10.224 10.25 Sept 10.374 10.40 10.374 10.37J Short Ribs, per 100 pounds May 0.35 9.35 0.324 9.324 July 9.471 9.50 0.45 0.474 Sept 9,05 9.65 0.60 0.G24 CASH QUOTATIONS. Cash quotations were as follows: Flour, firm: winter patents, 55.35(5.75: winter straights. $5.15? 5.G0: spring patents, S5.I0 5.60, spring straights $4.15G'5.20; bakers, bak-ers, $3.10i??4.05: No. 2 rye, ?7Si'(5i79c; feed or mixing barley, G3(QG4c; fair io choice malting. 634i7'6l4c; flaxseed, No. 1 southwestern. south-western. Jl.oO; No. 1 northwestern, $1.60; timothy seed, $2.70; clover, $0.25; mess pork, per barrel, S17.S5 17.90: lard, per 100 pounds, $10,074; short ribs, sides (loose). $S.75(S9i25; short clear sides (boxed), $0.35(y9.50. Q RAIN STATISTICS. Total clearances of wheat and flour were equal to 13S.000 bushels. Primary receipts were 357.000 bushels, compared with 305.000 bushels the corespondlng day a year ago. Estimated receipts for Monday: Mon-day: Wheat, 16 cars; corn, lil cars; oats, "10 1 cars; hogs, 35,000 head. LIVESTOCK QUOTATIONS, Chicago. CHICAGO. April 2. Cattle Receipts, estimated at 200; market steady; beeves. $4.70(017.10; Texas steers, $4.405.50: western steers. $4.00i75.50; stockers and feeders, $3.50u.5O:- cows and hclfurs, $1.90 gii.60; calves. $G.00iff 8.50. Hogs Receipts, estimated at 9000; market mar-ket strong. 5 cents higher; light, SG.OS'i? 7.05: mixed, $6.75??'7.15; heavy, $6.SO5j) 7.15; rough, JG.S0ffi:0.90; good to choice heavy. $6.90((77.15: pigs. $5,75G.50; bulk of sales, $7.00fi7.10. Sheep Receipts estimated at 15,000: market steady: native. $3.75'$6.40: western, west-ern, $3.75)G.50; yearlings. $6.307.10: lambs, native, $6.00'51S.40: western, $6,00(5.' S.40. Omaha. SOUTH OMAHA. April 3. Cattle Receipts, Re-ceipts, 100, market, unchanged. Hogs Receipts. 6000: market, 5?10c higher, heavy. $6.80i??7,00; mixed. $6.75fS 6.S5; light. $G.G0?G.Sa; pigs, 54.506.00: bulk of sales, SGO'frOO. Sheep Receipts, 2U0; market, stendy; yearlings, $6.I07.4O; Iambs. $7.25S.O0. Clearing House Statement. NEW YORK, April 3. The statement of clearing house banks for the week shows that the banks hold $13,9S5,S25 more than the required 27 per cent reserve rule. This is a decrease of $2.793,S50 In the proportionate propor-tionate cash reserve as compared with last week. Thc statement follows: Loans. $1,309,522,200, Increase, $10,920.-100. $10,920.-100. Deposits. $1,355,968,700; Increase, $10,-569.S00. $10,-569.S00. Circulation, $18,713,600; Increase. $175,-800. $175,-800. Legal tenders. $78,572,900; decrease. $2.-$16,700. $2.-$16,700. Specie 3274. 105.100; Increase. $2,710,300. Reserve. 5352.97S.000: decrease, $15,400. Reoerve required, $33S, 932,175; Increase, $2,542,150. Surplus. $13,9Si,S25: decrease, $2,i93,- S,,lix-Unllod Stales deposits. $14,609,550; decrease, $2.S37.075. - The percentage of actual reserve of the clearing house bunks today was 25.81. The statement of banks and trust companies com-panies of Greater New York not reporting report-ing to the clearing house shows that theso institutions have, aggregate deposits of tl "37 355,500; total cash on hand, $ 147. -751500, and loans amounting to $1,081.-033.800. $1,081.-033.800. The Financier says: The statement of the associated banks of the city of New York for tho week ending April " showed an exceedingly large decrease In cash reserves. The known operations of the week, taking the actual conditions of tho banks as u basis, foreshadowed a gain in cash from thc Interior In-terior as large about as that lost In operations op-erations with the sub treasury and through gold exports. It Is rather puzzling to figure out how In the fact of the different known operations opera-tions the banks reduced their cash hold-ln"s hold-ln"s by $5,2.'i0.500. The loans of the banks Increased during thu week $9,655,400. This was due for the most part to April dividend divi-dend preparations and disbursement:!. Deposits, De-posits, owing t" the loss In cash noted above. IncrOuscd only J3.2SS.500. and tho result' of all the changes was a decrease of $G.0G0,6.5 In surplus rcRpcollv. bringing bring-ing that Item down to 510,502.550. The summon' of state bonks and trust companies com-panies In Greater New York not reporting report-ing to the "New York clearing house showed a decrease lit loans for the week of $3,001,500, an increase In cash of $202.-000 $202.-000 and an Increase of net deposits amounting to $5,636,700. The cash reserve of the clearing house banks, based on actual conditions, Is now "5 81 per cent, which shows that they are within a fraction of the 25 per cent reserve required by law. |
