The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1894-05-02

CHICAGO. May May deliveries In grain
and provisions were made today with sur
nrisjng smoothness and the bulls put up
the price of wheat about Il cent for July.
Later they discovered that their congratu-
lations had been premature when wheat
on favorable conditions, was taking a
l-cent tumble, which resulted in loss
for the day of % cent per busheL
Corn was dull and followed the course OF
wheat. 1t closed Il cent lower for July
and Lie for May. Oats were strong
until near the close. May rose e eeDt, but
left of with all but Is cent of the advance
gone. Provisions started out firm, bat
closed with a slight loss in value.
The deliveries of May wheat before the
opening were very light. considering the
large stocks. The estimate of the guam
tfty delivered varied from 800, 600 to 2, 000.-
COO bushels. The trade evidently consid-
cred them light enough to be encouraging
10 the bull side of the market which
started strong at about 4 cent over the
closing price. of the previous day. May.
for an instant, sold at $50 cents, but 5oas
was Immediately touched and offerings aU
once became very light. 1t gradually
worked up in the next hour until 1t
reached SO cents. July was firm at the
opening and advanced e cent. but it had
a weak quarter of an hour when the Bal
tic and other foreign ports were reported
as having shipped 5,2400O0 ia whsat ant
-four last week. That caused decline to
60sS cents. July became firm again and
recovered to COZ when the Atlantic port
ciearances We're known to amount TO $780,
600 bushels of wheat and -four. Buying
by the Anglo-AmericaD Packing com
pany advanced May to 50 cents and mar
rowed the spread between it and July
from % cents at the opening to Ia cents
later The demand for May wheat slack
eped at length and the price fell off to
bSx cents after having touched 5914, but it
recovered = cent at the close.
The deliveries of corn were only about
1000, 600 bushels, j. c. Schwartz taking
in and paying for most of it. This gave
the MAJ ket bullish start. The buying
WAS continued by Armour for short time,
advancing the price from 81 to 31Is cents.
A large par. of the days business consist
ed IN changing May contracts to July. In
the latter half Of the session the market
became weak in sympathy with wheat and
closed weak.
Oats were firm at the opening and the
demasd for May oats continued not only
from shorts but from longs, who were re-
ported to have taken some. The close
showed the price back within cent of
the opening. The cash market was firmer.
The provision market was dull and drag
ging. There was a short period Of firm
ness near the opening caused by the re-
ceipt of hogs being ZOO less than esti-
mated. The opening quotations were then
highest for the day. July pork started at
$l2 20, declined and closed cents lower
than on the day before There was no
trade in May lard until near the close
when it sold sparingly and closed at s. 45.
July lard opened at s.. 1919 to 81. Is, and
closed at 81 Is. July ribs sold from So 5EJSS
at the beginning Of the session TO Sc. 40 at
the close on steady decline.
Estimated receipts for Wednesday:
Wheat, 95 cars; corn, 243 cars; oats. 175;
hogs, y, 900 heads.
Chicago Market.
CHICAGO. May ].
The market today experienced the following