The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1900-05-17
CORN NAS THE LEADER
BuIIish Factors Conspire to
Lift It | IL Cent.
WHEAT UP ON WEATHER
Closes l-2a5-8 Cent Better
Oats and Provisions Up.

Chicago, May 1s.-Corn was the leading
deal on the Board of Trade today Re
newed support from bulls and covering
by shorts together with strong cables
caused gain for the day Of ~. Wheat
was strong on the unfavorable weather,
closing 1sQ7c improved. Oats closed sc
higher and provisions from 71zc better in
ribs to Doc up in pork.
The corn market opened strong on
higher Liverpool cables and sympathy
with wheat, July AQ3sc over yesterday
at 36a4 q367sc. Almost Immediately the
bull contingent entered the pit, buying
heavily. Shorts in a scare followed suit
and as there was a broadening in the
commission house trade and fair cash
business, the market advanced with
great activity, July, near the end of the
session, touching 3S1sc. The close showed
the strength held, July 1zc higher at Sc.
The bulls who came to the support Of
the market were the same ones in most
cases who have been selling recently, es-
pecially yesterday. Receipts wer light,
119 cars, and country offerings small
New York reported "A loads taken for ex-
port. =
The wheat market, too, was active
nearly all the session and the tone
strong. The factors were reports of I'M
favorable weather. One Dakota CORE
spondent declared that the ground was
dry as board, several feet down The
weather In France, Germany and En-
gland was also said to be unfavorable
to the wheat crop. Liverpool was high
er, and Bradstreet's worlds visible de-
creased 100000 bushels. The corn
strength was also support, and espe-
cially during the latter half CT the ses-
sion. The cash demand was rather slack
and New York reported only leads
taken for export. Primary receipts We're
326,000 bushels compared with 297 90 BUSH
els last year. Minneapolis and Duluth re-
ported IFS cars, against PSI last week and
Us a year ago. Local receipts were 10
cars, none of which graded contract.
Port clearances in wheat and -four were
equal to 10000 bushels.
In oats the feature was the covering
of a heavy line by one man. He was
credited with buying 100000. The market
felt the corn strength as well as some
complaints from Illinois concerning the
crop prospects. Trade was rather quiet
Receipts here Were S. cars. July sold be-
tween 2 and 22asc, closing &c over yes
terday at 22l4@22&c.
Provisions were quiet but strong A
firm hog market was felt early and soon
after the corn strength became a potent
influence. The outside demand showed
some broadening and there was fair de-
mand for lard and ribs from packers
July pork closed 20c over yesterday at
81. Sly; July lard at s7.07]aQD7.10 and July
ribs 71ac higher. at s6.721k
Estimated receipts tomorrow. Wheat
&c cars: corn, 100; oats. 80; hogs, 1900
head.
BRADSTREET'S VISIBLE.
New York, May Especial cable and
communications to Brad
streets show the following change in
available supplies from the last &C
Wheat, United States and Canada east
of the Rockies, decrease 1865, coo bushels,
liverpool Corn Trade News, af1oat for
and in Europe decrease 70,000; total sup
ply. decrease 1906 900 bushels.
Corn, United States and Canada east
of the Rockies, decrease 2.0S5, 900 bushels
Oats-United States and Canada east of
the Rockies, increase $4,000 bushels.
Among the more important decreases
reported to Bradstreet's, not given in the
official visible supply statement, are
those of 10000 bushels at Manitoba stor-
age points. 10000 bushels at northwest
ern interior elevators, $4,000 bushels at
private elevators, 5000 bushels
at Cotea. The principal increase are
those of $4,000 bushels al Depot Harbor
and rocco bushels at East St Louis The
aggregate stock OF wheat held at Port
land, Oregon, and Tacoma and Seattle,
decreased 1856 bushels last
week