The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1900-04-06
TENDENCY IO REACT
Otherwise Markets Were Like
Wednesdays.
GRAINS ARE ALL LOWER
Provisions are Partly Up and
Partly Down.

Chicago. April SIN mider form, the
session today was repetition of yester-
days excited exhibition of strength. 4
reactionary tendency, however, was EVIL
dent, especially in wheat. Gables were
irresponsible and the crop prospects gen
orally were excellent, two pieces of news
which formed the main considerations in
a theoretical way. May corn sold higher
than yesterday, but closed SsG12c under
that sessions final figures. May wheat
closed 1c and oats AQasc lower. The
close in provisions was partly weak and
partly frm-pork 221ac down, lard un-
changed, and ribs 5G712c UP.
In the face of some discourag ing de-
velopments, among them a rather weak
response from Liverpool to the local
gains yesterday, cold held the big ad-
vance made the previous session. with
a commendable show Of strength. It
was big public market which at times
no amount of liquidation seemed able
to check. Export bids were in the pit
plentifullys though perhaps not as
strongly as yesterday, when it was re-
ported today from New York us boat
loads were taken for foreign shipment.
( The opening was easier because of the
feeble attitude of Liverpool and because
there were many who looked for a re-
action. They repented later, for Liver
pool took a brace because of the spot
firmness there. Shorts covered and,
doomed along by the big outside bust
ness, May shot from first figures. 1880
409sc, up to the top, 42c. The cash de-
mand here slackened visibly and an
abundance Of profit-seeking corn came
onto the market, which straightway re-
ceded to 40hQ41c, at which price it
closed, $sQ12c under yesterday. Atlantic
port clearances were $4,000 bushels.
Western receipts were $4,000 bushels,
against 1885, 600 last year. Receipts here
were 479 cars.
Signs in the wheat market early were
all bearish-disa ppointing cables, fine
weather and continued bear attitude on
the part of the local professionals The
corn strength and the poor showing of
Indiana and Ohio for the crop caused
rally following the opening, but in the
end the bearish news, reinforced by re-
ports Of rapid seeding In the northwest,
overshadowed other considerations and
the rally was lost. 1t was a big mar
ket, however, and the pit was well filed.
The cash demand was slack the days
export business being put by New York
at five loads. Primary receipts were 547-
90 bushels, compared with sc, OG0 last
year. Local receipts were IS cars, one
of contract grade. Atlantic port clear
ances in wheat and flour were equal to
10000 bushels. May opened AG9sc down,
at 675sQ67&c, declined to 6759c, rallied to
CSC, reacted to 667sG57c, and closed lie
under yesterday, at &c.
Provisions were active. There was an
excellent cash demand and a strong hog
market, but on the other hand there were
important realizing sales made by longs.
Lard and ribs closed firm, but pork
rather weak. Large export sales of lard
over night were reported early in the
session and the foreign demand today
was very fair. The opening was irreg-
ular. May pork closed 221ac depressed at
$129711; May lard unchanged at $50, and
May RIBS 5q7l2c up, at s6.9715.
There was a large speculative trade in
oats with outside interests leading In
the buying. Other grain markets were
the chief influence. There was active
trade in July around 25c. May closed
14d$sc down at 25B02Ac; July Ac de-
pressed at 251sc. Local receipts were
S03 cars.
Estimated receipts tomorrow: Wheat,
Is cars; corn, $50; oats, 40; hogs, 1900
head.