The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1895-04-04

Chicago, April 3.-Wheat wa sffrm the
Greater part of the day onexport bus
mess but broke sharply near the fin
Ssh on easy closing cables and disap-
pointing Bradstreet's report, closing
cent lowsr for May. May corn clos
"a unchanged, May oats Is cent lower
and provisions at declines.
The heavy export clearances of wheat
and flour from New York and Balti-
more yesterday impaired considerable
1irmness TO wheat, which opened in
good demand at the rate which was
named as the nominal value on the
CRIB on the day before With yester-
Gays heavy clearances, followed by
further exports today, the market be
came quite strong. and some bearish
matters in the days news was forgot
ten for time. May started with plenty
of buyers at 54s cents and sellers at
Do cents, and a compromise was made
at 54H @55 cents. The bulls who had
sold out on Monday afternoon, not wish
ing to take risk over the holding, be-
gan 20 o0y as soon as they saw that the
Dr7ce was not about to go to pieces.
1Se buyers Of that character started a
general upward movement which
frightened those Of the scalpers who
had been inclined to work the short
side. The price rose to 551s cents by
about ii o'clock under the good demand
and limited offerings. Paris was re-
ported closing ten confines lower for
april hour and ten centimes lower for
The September-D term of wheat
The closing cables and some disappoint-
ment with the result Of Bradstreet's
visible supply created a weaker feeling
TO succeed the earlier bullishness, and
the price dropped back again around
decreased 2,33S, 900 bushels last week,
which was a disappointment inasmuch
as falling off to the extent of 1000, 900
bushels had been looked for by some
of the more imaginative of the bull
crowd. the Illinois crop report was
very beariSh. 1t remarked that dam
age to wheat by any cause was so slight
That no consideration had been taken
Of 1t and the crop promises a large yield
At harvest The heaviness in the mar
ket which was inaugurated about noon
increased during the last hour. At the
close the price was 545s cents for May.
The corn market was firm early ow-
ing to the small receipts and a better
demand for light offerings. The early
hrmnesS in wheat was also an element
IN the strength displayed by corn. The
receipts inspected since Thursday We're
enly lis cars and 110 are the slender es-
timated receipts for tomorrow Pri-
mary market receipts since Monday
were 2S1 900 bushels compared with
y,229.O6o bushels on the corresponding
two days Of the year before. May
opened unchanged at 46l. cents. sold
from Al to 463s cents and closed at 49, |
cents. The market broke with wheat |
but reacted at the close on moderate |
buying.
oats followed the other markets in |
fluctuations and experienced quite a /
good a 10 70 oS&I
able strength was noted and under a |
good demand from shorts, created by 1
tie high prices, the feeling grew even |
stronger. Carrington-Hannah took /
hold freely. Other buying was scatter !
ed. Later on in the session, when |
wheat and corn fell back. oats also |
took a tumble. May sold from 297s to |
e0k cents down to 297s cents, at which !
price it was offered at the close July |
ranged between 29G291s cents bid and |
2S3s@2SA cents, closing at tibet low
price.
The trade in provisions was heavy,
but for long time the market gave no |
Indication of the pending collapse
which revealed itself near the end. The
Cudahy interests We're said to be /
against the market and early in the
session Armour & Co. were reported to
be giving it some support. II broke.
however, and broke badly. May pork
pPChCo Sl--o-f2, ~ Sl-.iJ,
then rose to s1252ta, 1t held compar-
etively steady until within forty-five i
of the close. when a rapid de-
cline set in which carried the price off
to sf2.10 with 12Is cents the latest
trading price, a 50 cents loss. Lard and
ribs acted in similar manner to pork
and at the close lard and ribs were each
10 cents lower than on Monday.
Housekeeper's best friends-the name
by which Prices Baking Powder is
known.