The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1900-04-07
|I WIS BEARS Day
Heavy Liquidation in Both
Corn and Provisions.
WEATHER AFFECTS WHEAT
Premium Is Gone Off Pork,
and Then a Slice.
AFFECTS WHEAT

Chicago, April 6.-Tne bears had their
innings today. There was heavy Hqui-
dalton in both corn and provisions and
selling Of wheat on the fine weather.
Oats followed corn. The grain markets
closed steady at the decline, but pro-
visions seemed inclined towards weak
ness. May wheat closed 1sqAc, May corn
sage, May oats 1Q2sc under yesterday,
and provisions from s cents down in ribs
to Soc lower in pork.
May wheat opened A41&c improved at
6714G672sc to 6712c, under the influence Of
better cables than expected and the de-
creased Argentine shipments. For a
brief time trade was fairly active and
the tone firm. Not much trade develop
ed, however. The weather was excellent,
from q crop-raiser's standpoint, and the
early corn strength began to ebb. Under
these conditions many of the pit crowd
took to the selling side and May relapsed
to 663sc The liberal western receipts
also cut some figure in the decline At
the bottom, however. the shipping bust
ness picked up a bit and, helped by the
covering by shorts, May recovered to
667sc and closed steady, lsG14c under yes
terday, at 664 Q667sc. New York reported
fifteen loads taken for export. Seaboard
clearances in wheat and -four were equal
to 311,0G0 bushels. Primary receipts were
600 bushels compared with $4,000 bush
els last year. Minneapolis and Duluth
reported 4S+ cars, against 436 last week
and 419 year ago. Receipts here We're
81 cars, of contract grade. Argentine
shipments We're 1,650,0OO bushels.
Corn began the session with vigor and
strength. Gables were considered encour-
aging, receipts were light and there was
a good trade. May opened steady at
4Q41A. But another bull day was not
to be. Some very influential longs went
into the pit for profits. Liverpool report
ed that corn was being re-sOld at prices
under American offers and New York
joined in the Zear chorus with a little
stanza to the effect that continental bids
were falling off decidedly. The liquidation
which showed the effect of these con-
ditions dragged May back to 1850. A rail-
| ly followed the slump, shorts covering.
May reacted to 404c, at which the mar
ket closed in a steady condition, 3sG34c
under yesterday. New York reported 90
loads taken for export. Primary receipts
were $4,000 bushels, compared with 317,-
600 a year ago. Receipts here, 353 cars.
1t was sad day for pork. That article
| practically lost its premium, and interest
centered keenly in May ribs The mar
ket was affected by lower prices for
| hogs at the yards. and by liquidation.
The profits were too temptingly hand
some TO be further jeapordized and much
! long stuff came out The decline brought
out many sales on stop-loss orders. Liv-
| erpool reported another Cd rise in Cum
berland cut bacon. May pork closed 30c
under yesterday at So. 6715; May lard 715c
down at S6.6212, and May ribs sc de-
pressed, at 1922
The crowd in the eats pit was as large
as 1t was yesterday, and there was a
| fair trade. The influence, however, was
corn. Under that leadership May opened
&c higher, at 254@252sc, touched 252sc, de-
clined to 242z 0247sc and closed steady, Il
! @2sc depressed, at 247sc.
| Estimated receipts tomorrow: Wheat,
65 cars; corn, $50; oats, 10; hogs, 24,Go0
| head.