The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1894-04-25

CHICAGO, A pril 24-After some verging
npou panic, wheat today closed firm
with a gain of = cent compared with the
closing price of the previous day. Holders
of the cash article sat back aud demanded
apremium of cent per bushel over May
for ordinary No. 2 Chicago spring and got
their price, while the speculative holders
were chasing around the pit for buyers at
the lowest price on record. Corn was
affected for a time by the weakness in
wheat, but also shared its late frmness
and closed with a gain of g cent. The
May shorts in oats had to suffer for their
temerity in view of the low stocks here
As soon rs the opening signal was given
the wheat pit resounded with offers to sell
May wheat from 51% to 5714. Trading
was general for a moment at the lower of
these prices, and it was Il cent lower than
che previous low price on record for May
delivery. The decline was attributed to
unusually large exports and reports of
rains in the west. Including the ship
ments from this country, 1000, 900 bushels
were put af1oat last week in excess of the
estimated needs of the importing nations.
There WAS nothing in the mornings news
60 encourage buyers to take hold even at
the extremely low price. The price Itself,
however, was potent argument with the
purchase put the value up to IS cents in
the course of half an hour. Besides the
prospective loss of twenty million bushels
of wheat from drought in California. the
bulls tried to sustain their droop
ing courage by contemplation
OF the clearance for the last
"a hours which amounted in wheat and
Hour together to about 70) 900 bushels in
Guiding what went from the four princi-
pal Atlantic ports and New Orleans. The
bulls Jailed to buy any wheat. That was
left to the shorts ard buying of that char
RctEr was sufficient to sustain prices in the
near neigbborhood of IS cents during the
greater part of the session. Late in the
session 1t was discovered that there were
some buyers for some cash wheat. The
misfortune OF the spectators was the op-
portunity of the users of the cash grain.
end the latter went around among the
Elevator men bnt found that there was no
panic among the latter class of holders and
that No. spring could only be bought nv
paying ] cent over the May price for it and
bard spring was held at premium over
the july price. The same anxiety to get
noid OF the pit wheat manifested itself aud
paused the price to advance to So IL for
May. July sold ut 60 "a cents.
The business In corn was rather light
until some more life was reflected TO The
Trade by the rally in wheat. The receipts
were light and the exports liberal, and for
tomorrow ninety cars are all that are
looked for
Oats were easier early in sympathy with
The other markets, but later in the session
were quite strong. Only small business
WINS tIaGsacfed
The provision market was dull and feat
nreless. Hog receipts were light and pork
and ribs improved trifie as the result of
tie day business. while lard closed at a
slight decline. Hog receipts were only
1900
Estimated receipts for tomorrow: Wheat
% cars; corn 80 cars; oats l40 cars; hogs
20 600 head.
Chicago Market.
CHICAGO. April "a
The market today experienced the following
fange OF prices.