People's voice. [volume] (Wellington, Sumner County, Kansas) 1890-1917, 1895-04-18
WHEAT SHOOTS UP!
MAY HOLD A CENT AND A HAL F
I'd. GIFTS ADVANCE.
Uncommon Big Lot of Bull Features, In
the Way Of Expectation Of Reduced
Stocks, Oil Excitement, Visible Supply
Reduced.

Chicago, April l5.-Wheat started up
at hot pace today, making a 2 cent
ADVANCE and closing ~ cents higher
Tor May. Covering by shorts scared
by the expectation Of reduced stocks
the excitement in oil. the advance in
STOCKS and the general improvement in
speculative markets caused the
strength The other markets followed
wheat, May corn closing p cent higher
May oats y cent higher and provis-
ions at slight advances.
The shorts in wheat were on the rim
To-Day having apparently become i'm
pressed with the idea that the stocks
were pretty sure to be materially re-
ouced and hence there was a scramble
10 cover. The meagre offerings Gre
dted good deal Of warmth and there
were rumors that Armour and other
elevator men were working the bull
side. All domestic markets were on
the rampage and the bull sentiment
was still further helped by a large de-
crease in the visible supply and bv the
small deliveries In the northwest &c
wen as at other interior points. The
excitement which has been going on
IN oil Tor some time, the advance in
STOCKS, the general improvement in spe-
curative markets, as we'll as reports
tnat the northwest would SOW less
wheat than usual this spring, all tend
ed 10 strengthen the feeling in wheat
Ihefe was some reaction before noon
put the feeling was gnerally strong,
Inc foreign markets were still closed
put VIII be running as usual tomorrow.
Inc minneapolis receipts were lis cars
ana Duluth got siXty-three, making
together 1IS cars compared with 263
q week ago and 4S6 on the similar day
a year ago. Primary receipts all told
were 291 900 bushels against 447 OOO
bushels a year ago. The visible supplv
decreased 2,216,0OO bushels for the weei,
ana the total is now 7O,4S7, 900 bushels
compared with 69,217, 600 bushels a year
ago and 76.O96,O0O bushels at the cor
responding time in 1893. The price
opened today at from 55h9555s cents.
Inc close on Saturday was at S. cents
sellers. The feature In the pit was
more the smallness of the offerings
IMAM the heaviness Of the amount that
was wanted. The demand increased
as 1t became more difficult to buy and
a great business was done in the end.
Inc price rose to Sc cents, then I'D TO
5b1s cents and in few minutes is shot
up from 561s cents to 81 cents. A mere
reaching out by Pardridge's brokers for
some wheat caused the latter bulge.
The market quieted down after 70
O'Clock. Realizing sales caused a re-
action OF 56kq56as cents, but 56h cents
was the closing rate.
Inc corn market was only slightly re-
sponsive to the great strength in wheat.
Inc receipts, although twenty car loads
over Saturdays estimate. are still very
hght Tor this time of year, but the con-
current demand for shipment was even
lighter, relatively, than the receipts.
The visible supply decreased $50 900
Dushels for the week. May opened I'D
Is cent, at ASS cents, advanced SLOWLY
10 % cents and reacted to 45% cents.
closing at 45% cents.
The market for oats was an active
one. Fluctuations were ruled princi-
pally by wheat and covered a range Of
Is cent May started at 2S5s cents, sold
at ZS4a cents. advanced to 2S% cents,
sold down again to 2Sls cents and clos.
ed at ISIS cents. July ranged from 27ls
cents to 2719 cents. closing h0A cent
higher at 27Aq272s cents. Trading was
general most Of the day, although there
was free selling by the country. and
Bartlett-Frazier bought quite heavily
The provision market was dull but
iirm with wheat. There was not much
disposition to trade evinced by either
the packers or local spectators. nor
mad the commission houses many or
ders to fill. Pork opened with a gain
OF " cents, rose cents and closed with
tne whole gain. Lard made very little
str and gained only 21s cents, while
ribs almost stood still and in the end
were unchanged.
The receipts for tomorrow are esti-
mated: Wheat 30 cars, corn $50 cars
oats ESQ cars, hogs 1900 head.