The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1895-04-17

Oats--Provisions Weak with Wheat.
Chicago, April 16-After an early adj
vance on heavy short covering today
wheat weakened on liberal shipments
from competing countries and closed un
changed for May. May corn closed Il
cent LAWYER, May oats Is cent lower and
provisions at slight declines
The news received by cable this
morning was so decidedly bearish that
previous to the opening of the session
decline in wheat for the day seemed
inevitable. That was the Impression
on the curb previous TO the start. 56L
cents being the quoted value then of
May, compared with 561a cents as the
market was coming TO a close yester-
day. When trading commenced up
stairs 50 much was found TO be want
ed at 56A cents and even at 563s cents
that very soon no one would sell at any
such prices. The result was that in
stead of an expected break, an adj
vance commenced which carried the
price up 10 571a cents and it had no 9TH
er foundation than panic among the
May shorts. st Louis shorts. il IS 81 id.
covered 10000 900 bushels or more of MAY
wheat in the first hour of the session
and the local contingent were not far
behind in the struggle with St Louis
Tor a share OF the limited offerings.
The Liverpool cables quoted wheat u
pence higher than that market closed
on Thursday last and such a small adj
vance was considered a very made
quate appreciation of the bullishne ss
here. In addition to that the Russian
shipments of wheat for the week were
2,USO,0O0 bushels and the Argentine
shipments 2,616, 900 bushels for the same
time. The weather for the coming
crop OF this continent was most ia
Vorable and it was in the face of such
a combination of bearishness that the
advance already noted occurred. The
onset was the comparatively small do
nestle receipts and the gradual reduc-
ton of the elevator stocks. Brad
streets usual statement of the weekly
changes OF stocks in this and other
countries showed that Notwithstanding
a decrease in the United States and
Canada of 2.9S70 900 bushels. the in
crease of stocks afloat for Europe re-
duced the amount of the worlds de-
crease for the week to 1,061, 900 bushels
the amount on passage for the United
Kingdom and continent increased l.
2S0,OOo bushels since a week ago. Min
neapoliS and Duluth received 172 cars
Will 900 cars Il year ago.
Export clearances from Atlantic ports
amounted in wheat and -four together
to little over 100000 bushels. The
closing cables reported advances of Ia
cents per bushel at Paris and from 3.
to rs cents at Berlin. The market here
ruled weak and lost in the end all that
was gained earlier. the market closing
with sellers. at 5612 cents for May.
Corn was active in spots at wide in
oil lart
part of the time. May opened at 453.
cents, sold at 455s cents, then advanced
10 1915 cents, selling down later to 45l2
cents, and closing at 451aGB cents.
Receipts were 1871 cars and 125 are eSti-
mated for tomorrow. In addition to
the rail receipts 20, 1000 bushels came in
by steamer. The primary receipts We're
$4,000 bushels compared with 800, 900
bushels a year ago.
Oats attracted but little attention
Trading consisted almost entirely of
small scalping and local covering.
Fluctuations We're confined to a narrow
range and an easy feeling was in
fiuenced by the weakness in wheat
May sold from 2S1a cents to 2S% cents.
and closed at 2S1A cents. July ranged
from 21l4 cents 10 27Is cents, closing
at the low price AIT which receipts were
given.
Pork advanced 10 cents but there was
and evident desire to sell at the advance
and when wheat broke provisions fol-
lowed suit and left pork in the end at
a decline for the day of 10 cents per
bar1el. Lard and ribs pursued similar
course, being firm early and closing
weak, with respective losses of ~
cents and cents per 100.
Estimated receipts for tomorrow:
Wheat, II cars; corn. 125 cars; oats,
40 cars, hogs, 10000 head