The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1900-04-17
MY A QUARTER Up
Wheat Influenced by Foreign
News and Corn.
CORN 3-8 CENT HIGHER
Oats OoWn--Lard a Nickel UD;
Pork a Dime Down.

Chicago. April 16.-The wheat market
was quiet but firm today. Influenced by
foreign damage reports, the corn
strength and better foreign bids, May
! closing kzc over Saturday. May corn
closed sc up, and May oats &c depress-
ed. At the close provisions were from
cents higher in lard to 10c lower in pork.
Wheat was rather quiet all the ses-
sion, as the foreign markets were still
closed in celebration Of Easter. Foreign
bids were reported improved and New
York had % loads for export The cash
business was moderate, q demand from
millers absorbing about 5000 bushels. At
the outset the market was easy because
needed rains had fallen in the west and
southwest, but the corn strength caused
reaction of sentiment among shorts
and initial figures proved the lowest of
the day. The rally was further aided
by report that Chilli would have to i'm
port wheat owing to heavy damages to
the domestic crop, and another from
Kien, southwestern Russia, reporting Sc
rfous damages there A further consid-
GRAFTON pointed out was the probability
of a decreased acreage in the northwest,
where farmers are supposed to favor
planting to raise high-priced flax seed.
The visible decreased slightly and tha
other statistics were about as prepared
for Saturday. Primary receipts were
$4,000 bushels, compared with 1885, 600
bushels last year. Atlantic port clear
ances in wheat and -four were equal to
250,eo0 bushels. Minneapolis and Duluth
received 406 cars, against COS last week
and 3OS a year ago. Local receipts were
As cars, Of contract grade. May opened
1sq94c under Saturday, at 6614 q663sc, adj
vanced to 65% qG5Bc, declined to 6G4G
662sc, and then rallied, closing firm, Ac
higher, at GG%c.
In corn the dealing was largely local.
The market was firm the greater part
Of the time, but not very animated. The
rain which was regarded as favorable to
the wheat crop, was viewed from the
corn pit as a ling which would delay
planting as well as hinderng the move
ment. The increase in the visible Of
100000 bushels caused a dip following
its announcement. but as the offerings
thus far made were readily absorbed the
market reacted and closed firm. The
cash demand was generally reported slow,
although one firm claimed to have sold
Is loads for export. Receipts here were
412 cars. New York reported 80 loads
taken for export. May sold from 1914
to 1880 and closed &c improved, at $3.50.
The provisions market opened lower I'M
der the influence of depressed prices at
the yards, but reacted. Pork did not re-
gain all its loss, but lard and ribs sue
ceeded In doing 80. There was good
investment demapd, which. to all appear
ances, caused the recovery. May pork
closed 10c under Saturday, at So. 7712;
May lard sc higher at $7.3213, and May
ribs unchanged at 1921
The oats market was dull and weak all
day. There was plenty for sale and a
poor demand for it. May sold from
2lG2fsc to 2315G235sc and closed sc de-
pressed at 235sc Local receipts We're 20
cars.
Estimated receipts tomorrow: Wheat,
45 cars; corn, 625; oats, 26O; hogs, 20, 600
head.
VISIBLE GRAIN SUPPLY.
New York, April 16.-The statement Of
the visible supply of grain in store and
afioat on Saturday, April a, as complied
by the New York Produce exchange is as
follows: Wheat 25,373 900 bushels, decrease
5000; corn A,7SS.0J0, increase /, 769, coo;
oats 7,543000. increase 69.0l0; rye 1311 600,
increase 80, 900 bushels; barley 81 600 in