Hutchinson gazette. [volume] (Hutchinson, Kan.) 1895-1902, 1895-05-02
WHEAT is FEVERISH.
AFTER MANY WcISSITUDEs IT
CLoSESALlTTLE HIGHER.
Everything Goes the Bears Way at the
EOpenlng--selIing Is Free, but as Buying is
Freera Wild Rush E1sues which Occas-
iOdS Bulge.

Chicago, April 29.-The wheat market
was extremely feverish and irregular
today and with the exception OF a
momentary drop 1t ruled higher than
Saturdays closing price. July ranged
from 631a cents up to 65S cents and
closed at 647s cents, or u cent advance
for the day. July corn closed u cent
lower, May oats % cent lower and pro-
visions at slight declines.
The wheat market opened with every
body apparently bearish and offering
July for sale at 63B cents down to 611s
cents. The rank and file kept selling
for matter Of FIVE minutes or more be-
tween 634s cents and 63% cents, but
those were surprised at finding so many
buyers for their wheat They became
anxious and in another five minutes
were thrown into a whirl of excitement,
battling with each other to get back
the wheat they had so confidently sold,
and in half an hour the price had shot
up to 65B cents for July.
The cables supplied the only fresh
motive for higher prices at the start.
On the other side of the account were
receipts at Minneapolis and Duluth of
ga car loads, compared with only 299
on the corresponding day Of the year
before. There were shipments from
Russian ports Of 100000 bushels for
the week. from Argentine for the same
time OF 1,816,O0O bushels and total re-
ceipts at primary markets In this coun-
try since Saturday Of $4,000 bushels
against $4,000 bushels on the previous
Monday, and $4,000 bushels on the cor
responding day Of the year before.
Rain fell in generous quantities since
Saturday in Nebraska, Iowa and the
Dakotas. After the opening advance,
the prices began to fluctuate very ir-
regularly. July, from 65B cents dropped
back to Ga cents, rose to 65% cents, de-
clined to 64% cents and once more
rose to 85b cents before 1t again began
to break. The visible supply decreased
2,850,000 bushels compared with a de-.
crease Of 1872, 900 a year ago. and now
seems for the first time this season
total quantity in sight less than at the
corresponding time the year before. The
above decrease Of 2,850,0OO bushels de-
monstrates the fact that after all the
great demand which was reported from
interior mills, the amount taken out of
the stocks In sight to supply that al
week to only about 100000 bushels, as
2,490,O00 bushels Of the weeks decrease
in the weeks visible supply was COM
prised in the weeks exports. The price
for July dropped to 649s cents after the
visible supply statement was received,
but worked up again to 65 cents and
closed at 64% cents sellers. The closing
public cables came firm and high.
The corn market was fairly active
but weak, considering the strength In
wheat. The fine growing weather was
at the bottom Of the weakness. The
trade consisted largely in changing
the May holdings into July. Receipts
were 277 cars and 400 cars are esti-
mated for tomorrow. The opening
price of July was 48 cents, and 1t sym
pathized with the early bulge in wheat
to the extent of advancing to 1875
ed wide spread rains, 1t fell off to ATM
cents, and closed at AK cents.
The market for oats was very active.
At the start prices were lower and the
tone very weak. Carrington-Hannah
was selling freely and the crowd did
likewise. Shorts took advantage of
the lower prices and with quite free
buying rallied the market. Long stuff
was poured on the market in great
quantities and the price again dropped
May opened at from 28A cents to 2S1s
cents, sold at 2SS cents, up to 2S7s
cents, down to 2S2s cents, and closed at
that price.
The run on hogs at the yards was
reported at $4,000 head and the price
10 cents lower. On that, provisions
opened at a decline in July pork of
l71a cents. The following declines were
at the close: July pork 10
cents, lard TX cents, ribs 21a cents.
Estimated receipts for tomorrow:
Wheat 81 cars; corn 400 cars; oats 24O
cars; hogs 10000 head.