The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1895-04-30
WHEAT IS FEVERISH
AFTER MANY VICISSITUDES 1T
CLOSES HIGHER.
Goes the Bears Way at Open
inE--selling is Free. but as Buying is
Freer Wild Rush Ensues Which Occa-
sions Bulge--CabIes the Only Early
Bull Feature--Larser northwestern and
Primary Receipts--Rains are Reported
Corn Active but Weak and Lower
Oats and Provisions at Declines.

Chicago, April 29-The wheat market
was extremely feverish and irregular
today and with the exception OF
momentary drop il ruled higher than
Saturdays closing price. July ranged
from e31s cents up to 653s cents and
closed at GAS cents. or q cent advance
for the day. July corn closed Il cent
lower. May oats "a cent lower and pro-
visions at slight declines.
The wheat market opened with every
| body apparently bearish and offering
July for sale at 637s cents down TO 6l14
cents. The rank and file kept selling
for a matter of five minutes or more be-
tween $685. cents and 634 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 657s 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
! 514 car loads compared with only 2S9
| 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 Isl 900 bushels and total re-
| ceipts at primary markets in TINS coun-
| try since Saturday of $4,000 bushels
against $4,000 bushels on the previous
| Monday, and 233, 900 bushels on the cor
responding day of the year before.
Rain fell in generous quantities since
Saturday in Nebraska, Iowa and the
| Dakotas. After the opening advance,
| the prices began TO f1uctuate very ir-
regularly. July, from 657s cents dropped
! back to ga cents, rose to SOS cents, de-
! ciined to 645s cents and once more
rose to 651s cents before il again began
| TO break The visible supply decreased
| ESQ 900 bushels compared with de-
| crease of 1,S42, 900 a year ago, and now
! seems for the first time this season a
| total quantity in sight less than at the
corresponding time the year before. The
/ above decrease of 1850 900 bushels de-
monstrates the fact that after all the
| great demand which was reported from
! interior mills, the amount taken out OF
| the stocks in sight TO supply that al
| legged heavy demand amounted FOR
| week to only about 100000 bushels, as
| 2490 900 bushels of the weeks decrea Sc
| in the weeks visible supply was COM
| prised in the weeks exports. The price
| for July dropped TO 64$s cents after the
| visible supply statement was received,
but worked up again to 90 cents and
| closed at Sass 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 estl-
mated for tomorrow. The opening
price of July was As cents, and it SYM
pathiZed with the early bulge in wheat
to the extent of advancing to 4S's
cents. but subsequently on the report
ed wide spread rains. it fell off to AIS
cents, and closed at 472, cents
| The market for oats was very active
| At the start prices We're 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 stun
was poured on the market In great
quantities and the price again dropped
Nav opened at from 2s14 cents to 2s1:
cents, sold at 2Sis cents, up 70 80
cents, down to 2SM cents, and closed al
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 o.
l7Ib cents. The following declines were
esta blished at the close: July pork II
cents, lard ~ cents, ribs q. cents.
Estimated receipts for tomorrow
Wheat 81 cars; corn 400 cars; oats "a
| cars. hogs 20 600 head.