The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1894-04-08

CHICAGO, April 1T was a weather
market in wheat with variegated crop re-
ports thrown in. The majority Of the
| crop reports received today made quite
| light of crop damage and the trade gave
ear to that version of the story. The feel
| ing was heavy, aud while trade was light
there was less timidity shown by short
sellers. At the close May wheat showed a
loss of about 4 cent. The spread between
May and July Is now cents.
Corn was weak and left off with loss
for the day OF e. cent. Oats were firm for
near deliveries and weak for the more de-
ferred months. Provisions were in the
main quite firm.
After the close Of the regular session Of
the board yesterday wheat on the curb
was very weak but turned again to the
bull side before trading was resumed.
Nav sold privately yesterday as low as
635s cents but the trading at the opening
in the pit was at "a with some little as
high as 6415 The market kept steady at
81 u for a time, but this was nervousness
on the part of the longs as the sellers APP
peared to be acting with much confidence.
There were light rains in eastern Kansas
with an indication of those spreading and
a majority of the crop reports which came
in were inclined TO minimize the
amount of the damage done by the freeze.s
X
lnasmuch as the great recent strength or
the market here had caused only about d
advance at Liverpool. From Frankfort.
Ky, the reports were that tue damage was
being greatly magnified and dispatch
from a farmer who works an extensive
area near Louisville, was to the effect that
there was no damage to any extent MIS-
souri, wired that il was raining there to-
day and that the wheat prospects were
good. Other reports from many wide
ly scattered localities were III
similar strain and the market ruled weak
in consequence. An attempt TO sell 3OO,-
600 bushels by George Bald win resulted in
a drop from "a x cents 10 633 cents in less
than two minutes. As soon as the last
$1,000 bushels of the lot referred TO was
sold and the crowd saw there was no
more to follow. the price dropped again TO
631s cents. After that and up TO the close,
business was dull but the tendency con-
tInued to be toward a lower
level. There WAS another drop which
carried the price off to CAS- cents.
followed by n reaction TO 63H cents and
the latest transactions were ar that price,
but there were more sellers than buyers
DIT that as the bell rang.
Corn opened from to cent lower
than il closed yesterday, and in the course
of the day declined s cent more and
closed at loss of 4 cent. Receipts were
not heavy today and still lighter are ex-
pected for Monday Trade in the pit was
light without any prominent transaction
on either side of the market May closed
at an advance of s cent over yesterdays
atest quotations.
Trading in provisions was of moderate
volume. Prices were firm ut the opening
but were followed by period of weakness.
Later on an at tempt To buy st the slight
decline occasioned bv the selling of lard,
the market ruled firmer and prices adj
vanced beyond yesterdays closing prices
and rested with a slight advance. Com
pared with last night, May lard is q
cents higher and May ribs ~ cents higher.
Estimated receipts for Monday: Wheat,
fifty cars; corn. 1876 Cars; oats. 100 cars;
hogs, 81. 600 head.