The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1895-04-23

mated Receipts.
Chicago, April 22.-After a wild squirt
at the opening and slump in the middle
of the session wheat closed rs cents
higher for May. Heavy buying, large
ly by shorts, caused the advance. May
| corn closed q cents higher. May oats
Is cent lower and provisions at slight
advance.
Wheat started up with a wild rush,
opening trades being at IL cents adj
vance. Everyone wanted to get May
! at 611s cents and July at 621a cents and
sellers at such tempting advance over
Saturdays prices were few. Almost
instantly 81 cents was being bid for
May and So cents for July and it was
only then that it was found possible
by the greater number of the brokers
having buying orders TO find plenty of
sellers. The on rush to buy had OBJ
/ tanned such an impetus, however, that
62A and 63A cents for May and July
respectively were paid before the trad
1 ing got into a regular swing. The last
named price proved the elimination
point Of the advance. and it took only
five minutes from the start to reach
ii. The excitement gradually subsidized
and having done so the crowd began to
look around for the cause of their
alarm. Liverpool sent quotations of
an advance there of from IL pence TO
pence per GENITAL. Showers had visit
ed the large area Of the winter wheat
country since Saturday. The north
western receipts at Minneapolis and
Duluth numbered All car loads, COM
pared with only 11S cars a week ago
and 145 cars on the corresponding day
of the year before. The total of the
days primary market receipts was
215,o0o bushels against 237, 900. Export
clearances were 306 900 bushels in
wheat and flour together from Atlantic
ports. The visible supply decreased l.
S6l,00 bushels against decrease of
$4,000 bushels at the corresponding
time of the year before. The English
visible supply decreased 1,250. 900 BUSH
els for the week. The amount on
ocean passage increased 100000 BUSH
els. Argentine shipments for the
week were $4,000 bushels compared
with 2,616,00O on the week before. On
the increase in ocean passage, and the
visible supply decrease of about 700, 900
bushels less than had been looked for.
the price of May slumped to 613s cents
in an irregular and unwilling style,
but buying on a large scale set in
again and carried the price back and
it closed at, July closing at 62$sG621a
cents. Many million bushels of long
wheat, perhaps as much as 10000, 900
bushels. must have been sold today.
Shorts, where their presence was
compare lively unsupported, have de-
veloped themselves in the corn pit in
large numbers. The demand for that
longtime neglected cereal was sur
prisingly brisk when the market OPEN
ed, as an advance of 1 cent in May and
July at the start will indicate. The
first prices were 4S3s cents and iS4
cents respectively, compared with Az
cents for May and 47A cents for July
at the close on Saturday. Those prices
were quickly raised to 477s cents for
May and 1917 cents for July and they
proved to be the gighest points of the
days range. Subsequently there was a
decline to Az censts and in July to IS
cents sellers, but In the ned May had
recovered again TO 4SH cents and July
to ASH cents, both prices being bid as
the session was closing.
Oats started very firm and active.
Shorts ware still anxious and bought
freely. The advance in wheat and corn
also figured conspicuously in creating
higher prices early in the day. May
started at 295s cents and sold at 29%
cents. Elevator people took advantage
of the high prices and disposed of their
holdings almost regardless. The price
dropped and during the decline and at
the lower prices, buying was resumed
and increased. A wild and panicky ses-
sion was passed from that time on.
Stacking up slightly at intervals. but
resumed again with greater activity.
May sold off to 2S5s cents rallied TO %
cents and closed at that price. July
delivery attracted the greater part OF
the attention. AT the opening sales
were made a t29G29l4 cents. The de-
clineS took the price TO 2Sss cents, and
the rally to 2S9s cents, where il rested,
Il cent under Saturdays last quota
tons. The visible supply showed an
increase in oats of ST., 900 bushels. which
was quite influential in aiding the late
weakness.
The provision operators had not
very active day, but under the stimulus
of the big business done in wheat and
corn, a moderate demand Sprang up.
Hog receipts were % 600 instead of 0,000
head estimated, but for tomorrow's run
only 150 900 are expected. Opening prices
for pork. lard and ribes showed ad-
vances Of l. cents in pork and ~ cents
each in lard and ribs. The first sales
brought about the prices of the day. AT
the close pork had established an adj
vance for the day Of cents in May and
10 cents in July, lard 10 cents and ribs
from ~ cents In May to cents in July.
Estimated receipts for tomorrow:
Wheat, As cars: corn. 236 cars; oats pa
cars; hogs, i, 600 head.