The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1894-04-18

CHICAGO April 17.-Wheat, after a veal
start, be, anne strong today aud held firm
until near The end of the session, closin;
weak and tired with May unchanged ant
July Is cent lower than yesterday. Kan
sas rains figured in the opening weakness
crop damage in California causing the in
terval of firmness and some selling at tn,
finish caused the weary closing Corr
was firm. closing 4 to cent higher AND
oats gained Is cent. Provisions were weak
losing yesterdays advance.
More rain in Kansas was the first influ
ence upon the wheat market. May opened
Il cent lower, at COZ, and in very shor,
time it touched so cents, or about half q
cent below yesterdays closing quotation.
July. which rested at 623s cents en- the
day before, started at 621s aud sold off to
02. Following decline there was a lively
rally, which in thirty minutes had adj
vanced May to 60I and July to 6234. The
onset to the rain 10 Kansas which caused
she jump was the continuance OF drouth
in California. A San Francisco grain
dealer wired as follows: weather still
dry; crop prospects fair; rain within ten
days will make good crop of wheat. T"
One message from San Francisco +, ad as
follows: Wheat in the Salinas valley fit
= only to burn: west side of San Joaau
valley ruiCed." Another telegram came
from Portland, Oregon. which read:
California crops failure on account of
drought Oregon aud Washington pros
poets excellent" Still another San Fran
cisco dispatch giving the weather up to
date, said: Very dry; no signs of rain;
hot north winds; look for sensational ad-
vance here tomorrow in the wheat mar
ket"
The market surged up and down between
bc1a @60M for time on the foregoing and
then rose for a moment to 81 following
Bradstreets statement of !, 326, 900 bushels
decrease in the stocks on both coasts and
I, 1904 600 bushels In the stock of the world
A sale of 10000 barrels of -four by Min
reapOlis concern was widely heralded
India and the Baltic together with the eX-
porting countries exclusive of che United
States and Canada, shipped 4, 20) 900 BUSH
els OF wheat last week. Adding the 2. 0G0-
DOC from this side the total is 6, PC, 900 bush
els. against weekly requirements of G, $780,
DO0 Minneapolis aud Duluth receipts
were 365 cars against 26S cars with Chicago
Trade at the close of the market here went
to 6l1 on little selling.
Corn attracted good deal of attention
and was strong from start to finish. The
receipts We're 346 cars, which for two DAYS
inspection is not heavy. The buying was
Of a very confident character aud much
uloTc StneTdi IMAM Tor some time back.
BradstreeL's visible statement gives a de-
crease in stocks of g ISL 600 bushels. Nav
opened 38sS to SO, advanced to 395S aud
held above 80 during the remainder If the
session, compared with $685. at the end OF
the trading Yesterday. July sold from 40
cents up TO 403s and closed at 401s May
rested at 80 to 391s
Oats had liberal trade and a stronger
feeling, due largely to the strength in corn
and to the fair buying. Prices advanced
y and the close WAS steady at about the
Bop. Liberal receipts of live hogs in the
west. particularly at Omaha and Kapsas
City. which were wholly unexpected, aud
the ultimate weakness at the yards here.
were responsible for an easy tone on the
speculative market for provisions early in
The day. A little buying on outside ac-
count created some steadiness, but
rs soon as the orders were filed
, decline followed, some of the
packers selling. The volume of
trading was light. The products were
offered down and this caused |
some realizing by the longs The result |
was pronounced break in the market. |
Closing near the inside prices of the day. |
Compared with last night, May pork is !
a'13 cents lower, May lard % cents lower |
hnn May RIBS 30 cents lower.
Estimated receipts for tomorrow: Wheat |
bO cars; corn % cars; oats 135 cars; hogs g. |
BOO head.