The Wichita daily eagle., 1894-04-06

CHICAGO. April 5.-Another wave of the bull
swell Ii the W heat market sent the price up
! TO s41s cents for May and 6614 for July, as
against 625s to 50 cents. and 6,5s cents respect
lveiy, at the close of the market yesterday.
Ihe local crowd started with the 'sure thing"
OF "eopperins" bullish statement given out
by T. ID Armour for publication. They wound
up with the sad reflection that the latest from
the shrewd merchant referred to violated the
rule, and that they got caught trying to WORK
an exception. Crop news Was on tap TO suit
any and all tastes. Some OF the shrewdest
and heaviest local spectators sold wheat
snort at the opening and have 1t yet to buy
back. Corn and oats caught onto the wheat
boom. Corn is rs cents higher. Provisions
were strong but not very active
Wheat after the close of yesterdays session,
ut the opening this morning, could scarcely be
the curb" with May wanted at from 6;is up
10 6S1s cents by such brokers as had impera-
tive buying orders from country customers.
There was heavy business done in the first
hour. Millions were wanted and there were
mlilions for sale. The price during that time
woboled between 627S and 6S5z cents with
heavy offerings and takings. The influence
OF the reported prospect Of rain in California
Kept increasing, however, and the market
turned quite heavy. Some of the big local
spectators piled the buyers with short wheat.
the forenoon TO 6Zss cents for May. July
started with some trade at 65 cents and went
as high as 6ol3 cents, but there was more for
sale at b cents than could De disposed of.
Chicago receipts were eighty-six Cars against
1S3 year ago. Minneapolis reported atS cars
and Duluth seventy-0ne, against 245 and forty
nve cars, respectively, last year. The local
crowd, who had worked all forenoon for O
break. found out that wheat was not plentiful
under GA cents, as Partridge commenced to
TO buy at that price. and a general stampede
OF he shorts caused the price to shoot up
again to 6S14 cents for May and to 65 cents for
July. Not until within ten minutes OF tae
end did the buIlish sentiment which underiay
the market get null play, but in that short
time was expended the pent up energy of q
day OF patient waiting for an opportunity
May was sent up with . skip To 64l1 cents and
July TO 66A cents, with 64IS cents and III cents
the respective trading prices at the close.
Corn was dull but In the main strong. Es.
timated receipts for tomorrow being l6o cars
was one reason assigned for a rise OF about x
cent which occurred bout l2:S0 O'Clock. May
opened at 81 cents es against 37N at the
close yesterday. There was some selling early
which Knocked Is cent of The opening figures,
but when wheat hrmed u near the end OF the
session. SS1s was reached. The great bulge
with which wheat wound up caused panic
to strike the shorts In corn and In q few min
utes May had mounted to SsT cents and July
to 1886 to SeN cents, which was the trading
price at the closing There was only a small
business transacted In oats.
There was less activity in provisions than
for the two preceding days, but the market
was remarkably firm and the shorts contin-
prices asked today. Compared with last
night May pork is l21s cents higher: May lard
cent higher, and May ribs l2IG cents higher
Estimated receipts for tomorrow: Wheat
60 cars: corn, 150 cars; oats, 100 cars; hogs.
p 600 head.