The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1895-04-05

Chicago, April AFTER a rather list
less session wheat wound up with
bounce today, closing IS cent higher on
the reports of heavy cash business.
May corn closed Is cent higher; May
oats Is cent lower and provisions at
moderate advances.
The wheat market opened at about
the same price as it closed yesterday.
but weakened in the course of the fore
noon and declined from Il to Is cent.
The feeling was not radically weak,
however, for at each decline there were
enough buying orders uncovered 10
cause rapid upward reactions TO an eX-
tent equal to the previous declines.
The domestic receipts were considera-
bly, smaller than of late, and that. fol-
lowed upon the heavy export clear
ances Of Tuesday and Wednesday, had
an ERECT upon the spectators which
prevented them from being enthuSi-
astic sellers. Their inclination was
rather TO buy on small declines. The
primary market receipts were only 49,
900 bushels against 221 900 a week ago.
The foreign markets were about I'M
changed. The Cincinnati Price Cur
rent remarked that wheat required
more moisture and the signal service
intimated that there was a probable
ity of its getting some more soon, a
low barometer prevailing in Nebraska,
Montana, the Dakotas and Minnesota.
That and some rehashing of the Ar
gentine wheat situation formed the
staples of the morning gossip. In the
afternoon it became known that q good
inquiry for cash wheat for shipment
existed. Nearly every handler Of the
article was approached by people who
had orders to buy, and although a con-
siderable quantity was worked, very
much larger amount would have been
placed If the holders had been willing
to accept the previous current rate,
which was q cent below May. Seeing
the extent Of the demand the owners
OF the grain naturally advanced their
prices and much of that which was
sold, was e cent under, and some at u
cent under, with the full May price
asked in the end by many holders. a
cablegram from Liverpool reported a
decrease in stocks of wheat and flour in
Europe and afioat of 100000 bushels
during March this year, and on April
L the total supply in the positions re-
ferred to was 20, 200, 600 bushels less
than on April /, 1894. New York re-
ported large business done for export
there and under those combined in
fiuences the market became strong and
about fifteen minutes from the close
the price of May was firm at 30 cents
bid after having previously touched
55B cents for a few fiVeS. The market
stood stiffiy around 80 to the close,
that being the latest trading price.
Corn was inclined to be weak early, but
became firm when the small receipts
of lis cars today We're supplemented by
estimated receipts of only 80 cars for
tomorrow. The trade was of an apatbe-
tic character, however, and even the
booming character of the wheat market
near the end of the session did not in
fuse any life into the trale. There was
a small demand for corn to 90 to Iowa
but twas not large enough to be much
considered. 1t is the absence of demand
in face of very small movements from
the farms which keeps down bull specu-
lation. Primary market receipts today
were only $4,000 bushels. May corn
opened at 461a cents, sold at 463s cents
and closed at 1866 cents bid.
Oats sold rather slowly. yet there was
a good disposition to get rid of them,
and an easier tone to the market was
the result May started at from 299s n
q cents, sold to 2912@5s cents and raj
lied to 29& cents, at which price the
market closed. July ranged from 2S5s
cents to 2S2i cents, and rested at 2S5s
cents.
The provision market ruled firm and
prices recovered some of the loss of the
day before. Opening prices were about
at the closing rates of the day before.
but began Immediately to respond to
some good buying orders which crop
ped up. The result of the days bust
ness was an advance of ~ cents in
pork, 212 cents in lard and cents in
ribs.
Estimated receipts for Friday: Wheat
20 cars; corn 80 cars, oats 40 cars, hogs
5000 head.