The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1895-04-06
TAKES AN UP TURN
WHEAT FAVORABLY INFLUENCED
BY CASH DEMAND.
Market Opens at an Advance Over Thurs
days Close and Quickly Adds Thereto
Dizziness Ensues, With Light Clearances,
Heavy Receipts and Predictions for
Rains on the Winter Nheat--Late Buy
ing Brings the Market Round Again
Corn in Light Business-Oats I'm
changed--PrOyisionsD Decline.

Chicago, April 5.-A renewal of the
| demand for cash grain gave wheat an
| upturn today and May wheat closed
! q cents higher. May corn closed 4
cent higher and May oats unchanged,
| while provisions finished at declines
The first transactions in the wheat
pit were at an advance of I. cent over
yesterdays close. and another Z cent
| was quickly added. There was a great
| struggle to buy May at 55A cents up 10
| 55lA cents and then further and some
| what excited endeavor TO get rid Of as
much of it as cost over 5514 cents, after
which the market became quit dull and
quiet and the dullness lasted through
out the remainder of the forenoon.
The effect of yesterdays cash trade
was still working upon the minds of
the traders at the start and that was
| the cause of the opening scramble for
wheat by the shorts. The seaboard
clearances were light. The total ex-
ports from the principal seaboard
points Inclusive of New Orleans
amounted in wheat and -four to only
$4,000 bushels. The receipts at phi
mary markets were heavier than on the
day before and the weather bureau pre-
dicted quite good rains for the winter
wheat crop. Totals amounts received
at the PRIMARY markets was POS, 900
bushels against sos. 900 bushels yester-
day. The price was stoutly maintained
after II o'clock at about ssh cents on
the renewal of the demand for cash
wheat. A sale was effected of 100000
bushels about an hour from the close
with several other parcels under nego-
tiation and expected to be worked be-
fore the close. a miller in southern
Ohio bid 551a cents on board cars here
for thirty car loads of No. red wheat
which he needd for his mill. Those
were the influences on the market in
the afternoon and they impaired a very
firm undertone to the later trading. \
sale of 100000 bushels of cash wheat
from terminal elevators at Minnea-
polls to local miliers there al IL cents
over May price was the last piece of
news, under which May closed at 5522s
cents bid.
Trading in corn was light. The con-
firmation of YESTERDAYS estimate of very
small receipt started the price at about
Il cent over the closing rate of yester-
day. The opening price was substan
TALLY the highest paid during the day
although corn had the support of a firm
wheat market to help it. Liverpool
was quoted firm at Il pence higher.
May opened at 467s cents, sold sparing
ly at 467s147 cents, dropped TO 1875
cents, closing at 1864 cents.
The oats merket was quiet and very
steady. The range for the day was
from 295s @297s cents for May, closing
at 29$. cents. The steadiness resulted
from the similar feeling in corn.
The provision bushes was dull until
within the last hour when the previous
ly firm feeling gave place to weakness
unde + the free sales. Hog receipts
were even smaller by $500 head than
had been looked for and only 5000 are
expected tomorrow. That gave the
market it's early firmness under which
pork gained Is cents. IT afterwards
declined 50 cents to So for May and
closed with a net loss of 1919 cents at
$12071a. May lard lost 21a cents and
ribs ~ cents on Yesterdays values.
Estimated receipts for Saturday:
Wheat. % cars: corn, l25 cars; oats, 145
cars; hogs, 5000 head.