The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1895-04-18
WHEAT Is EXCITED
CASH BUSINESS GIVES THE MARKET
A LIVELY FINISH.
May Sells to Fifiy-Seven and Quarter on
the Strength of It--Quarter Million
Bushel Lot Bought for Shipment East
sales of Carloads to a Michigan Miller
Country Millers Supplied--RepOrts
From the Foreign Competing Countries
Corn Weak and Neglected for Wheat
Oats Active and Lower.

Oats Active and Lower.
| Chicago, April 1.-THE wheat market
| got suddenly excited during the last
| fifteen minutes of change on the cash
| business which developed here and at
1 New York. May sold at 57A cents
| against 56l2 cents last night. The fol-
| owing were given as reasons for the
squirt: Sales of $50. 900 bushels here for
| shipment east at the equivalent Of May
! prices: sales of a round number Of car
| loads-from twenty-five to fifty-in
addition to the above, to go TO Michi-
gan millers. and other smaller lots for
| country millerS and sales reported from
! New York, twenty-four boat loads in
Guiding twelve at out ports with cash
| selling to millers at Il cent over May, it
was telegraphed. The big feature of
the situation was the claim that out
| side of Chicago there is practically no
available wheat for export or for inter-
| ior domestic millerS.
Traders in wheat appeared TO bemuch
in doubt this morning. There was not
enough outside buying to greatly en-
courage local buyers On the other
| hand the bears We're tinid because the
past two days the export sales were
getting risky. There was no influence
~
what bullish. Northwestern receipts
were 194 cars compared with 262 a year
ago. Western markets all told had
$4,000 bushels receipts against 2l2, 600
last year. Owing to the opening of
navigation the forward movement of
what was liberal. Official reports on the
Baltic and sundry shipments gave g.
34S,000 buhels where the New York dis
patches yesterday claimed 1900, 600 Rus
STA and Argentine. Minneapolis and
| Toledo dispatches were bullish in tone
regarding cash wheat and flour. The
four leading ports and New Orleans
cleared for the day 4S7 900 bushels in
wheat and flour. on this the market
made its best rally of the morning.
The rains over the southwest and IA
vorable growing conditions over the
most of the country gave the bears en-
enlargement. At first prices were little
changed with sales for May at 56i2
@563s cents, followed by aldip to 56l4 q
563s cents and a fair rally TO 565s cents.
Before Il O'Clock there was a second
dip to 56H cents and second bulge to
565s cents. Later the market held quiet
at 5612 cents. where May closed for two
days, showing u cent improvement
from Saturday. There was a surprise
in wheat the last hour. Baltic and sun
dry shipments were corrected to read
5.576.000 bushels. On this the crowd
hIoht tnt May price W 5o1S CtlilS-
When New York reported eighteen
boat loads sold for export and round
lots sold here amounting to go, 900 bush
els of No. red at May prices, there
was an attempt to buy. The May went
up rs cents to 571A cents in few min
utes. Last prices were 51isM51A cents
May; 5SA cents July. Scalping short
holders We're punished.
Thee orn market was weak during
the greater part of the day, but closed
about 1-l6 cent over the closing figures
of the day previous. Speculative in
terest was all transferred to the wheat
market. May opened at from ASS
cents to 45$4 cents and then worked
down to ass cents, with a recovery
later to 451aI455s cents, in sympathy
with the advance in wheat.
There was big business doing in
oats and the market closed 1sGH cent
lower than yesterday. Liberal selling
caused the decline, although the buy
ing was urgent and at times general.
Brokers principally We're taking stuff
in, while Ream and Bartlett-Frazier
were offering freely. Other selling was
good but not confined to any one party.
May started at 2S5s cents, declined to
2S cents, sold up to 2S1sG2Sh cents,
and dropped off to 217s cents and rail-
lied to 2Sl4 cents, at which price il
closed. July started from 2624 ass
cents and closed at 27Ik cents.
The trading in provisions was light
and fluctuations narrow. Pork ranged
from Sl2.S212 to s12.35 and closed at
$3.50 or ) cents decline for the day.
Lard is 21a cents lower for May and I'M
changed for July. Ribs showed no
change in either the May or July de-
liveries.
The receipts for tomorrow are esti-
mated: Wheat 20 cars: corn 10 cars;
oats les cars; hogs $4,000 head.
IT'S impossible to list the alum and
injurious baking powders, springing
up everywhere like poisonous muSh-
rooms. Insist upon the purest and best
of cream tartar brands, DR.. Prices.