| Show Ie 4 DAILY GRAIN UAIN LETTER Loean Dryan of ot Chicago telegraph their Ih lr local loell correspondents James Jame A Pollock Co over oven ove theU private vate vote wire on the grain and provision situation ax cue Chicago April Apri C mar ket had hall rather a I weak tart start I Induced largely by splendid crop reports and ond continuance of ot fine weather The ex cx expected freeze not materialising gave glo courage to 10 the time bear belr element elemont at nt the tho opening Time The ho market early curly gave incH Indi Indication cation caton of being pretty pret well sold 1011 out anti and for a 1 time trading ruled nervous nerous with no special tendency The mOl mat kete subsequent nation action Iton gave gaso go 0 much comfort to believers belover In II higher prices The sharp advance In May Ma wheat ro re fleets an on undoubtedly largo large short In km terest tere t As Al wo we a pointed out for tor or some lome time May wheat Is II an OIl extremely dan dangerous dangerous month to trade In Fluctuations tione tons when they occur sire are rapid and wide with wih the trade wholly Inclined to let U It I severely alone Tile Tho of ot the deterred deferred futures seem to to us 8 reflect an In oversold condition While the tho present weather holds however the tha efforts ot of time tho bulls buls will wi be bo root mot with wih renewed soiling selling pressure as an 1 high prices are attained The action of ot the tho th mar ket hot today clearly leaves the tho short in tn terest tero nt t on the tle defensive Corn were urgent buyers the time belief bellot that wo we O are run running running ning Into a n period of ot smaller receipts being responsible In part for or title cov coy covering ering orInI All Al things considered wo we feel teel the tho market acts well seIi wel and can cnn bo be very ver unpleasant for tor tho ho shorts shotts Oats In lit corn corm COr and short covering coverinG brought higher prices to this thin market markot which were maintained throughout tho the session The slow Ilow cash situation and the this piling up of oC will wi cool off oft bull bul and we WI feel tool market will wiil wi do well wel to sustain present or higher prices Provisions The Tho packers nt ot times limes were prominent buyers Market showed good form torm nod and Its 18 action seems Deems to hold out more moro promise |
