Kansas City daily journal., 1896-04-09
WHEAT MARKET UP AND DOWN.
WAS ACTIVE Ait DNy AND CLOSET
SLIGHTLY LOW ER.
CROP news. Foreign cables and North-
western Receipts kIi Influenced
Prices-Corn Followed Wheat
Oats tctfyc-provisions
Are Lower.

/ Chicago. April S.-Whcat ran mp and down
the scale to-day like mercury in ther-
mometer plunged alternately into o hoiiins
and a freezing mixture. II stood az below
zero as the session was closing. The range
OF the May price was from csc to tSc,
with the lower OF these its closing value.
loss Of 1850. compared with Monday
nights figures Corn and oats were strong
early with wheat and weak later in SIM
ilarly sympathetic way. Even provisions,
which made an Independently strong start
closed with all tho early advance lost.
Wheat was active from start to finish.
The opening showed a loss Of itn3sc, COM
pared with Mondays final figures. but the
market gradually sold up tirc. eased of
Nc. changed some. and closed firm. The
early show Of weakness was due TO the
rains in the winter wheat belt and the
prospect OF more In the same section, and
then cables came In easier. first Liverpool
advices showing iid decline. New YORK re-
ported ioreieners quite free sellers there
for the more deferred futures. Longs We're
Inclined TO realize and take profits, but
the offerings were quite readily absorbed
the buying being apparently led by a prom
inent operator with elevator and packing
interests, and the market turned and sold
up sharply. Crop news rather favored
holders and exports made a fair showing.
the total clearings for the two days aggre-
eating 5O8,C00 bushels. and this had some
thing to do with the strong tone.
Minneapolis wired that there was a much
better demand for flour and sales very
heavy. and this helped the market. Sec
ond cables came i,Gigd lower and offerings
again increased. elevator interests selling
the July freely. and this caused prices to
react. Northwestern receipts were larger
than q week ago, and exceeded those OF
the same date In 1895 by 40 cars.
Corn moved in sympathy with wheat
The market. was more active than for
many days before and looked for a long
time as IL IL would maintain an advance
OF &c or so: IL closed at 80 decline. May
corn opened at oi,u3Qasc, sold at 30i2c,
The market for oats was active, and a
big business was transacted, which was OF
a Very general nature and scattered. a
firm feeling existed shortly after the open
ing. Influenced by the strength in wheat.
As soon as wheat showed Indication OF
tnued TO do so to the end. Compared with
the final quotations of Monday. the cash
market Was firm. \ good shipping demand
existed. and all orders could not be at
tended to-, May opened az 2oc, sold up to
29,c declined TO igsalsf4c. and closed
with sellers at i9a.c.
Trading in provisions was active during
the greater part OF the day, and many
buying orders were received from outside
cities. The local crowd was inclined to
the end although during the greater per-
ton of the day the market got from under
their control. 4 large share OF the local
business was IN the way OF changing May
trades forward to July. The prices made
in the first half hour were the highest of
the day. and closing rates were substan-
TALLY the lowest. Compared with Mon
days closing prices, pork rs from Jc to
1isc lower. and lard and ribs without any
marked change.
Wheat 20 cars; corn, 10 cars; oats. $50
cars, hogs, l6,OOD head.