The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1900-04-03
CORN At HIGH MARK
May Closes at SO 3-0 a II
Cents, the Years Record.
WHEAT BULLISH ANYWAY
Which Corn Helps on-0ats
and Provisions Up.

Chicago, April 2.-The corn market was
active and strong todayf helped by the
heavy export demand and light offerings,
and prices scared to the record for this
season, May closing &c over Saturday.
The strength Of corn turned the scale in
favor of higher prices in the wheat pit,
which otherwise was afflicted with sta
tistics of two sorts, May closing 2sq12c
higher. Provisions closed 5G713c 10 15c
improved, and May oats 16G4c UP.
The market for corn began the ses-
sion with a squirt of activity and
strength which was not reduced through
out the day. The reduction in the Liv-
erpool stocks was about the only item
in the statistical array which excited
consideration. Otherwise the buying
was prompted by the heavy export de-
mand and the light country acceptances.
Shipping sales for the day were put at
10000 bushels, all but 10000 bushels OF
which was sold for direct export. The
visible supply increased $4,000 bushels,
but that makes only q, $4,000 bushels, in
comparison with 50, 1900 bushels a year
ago. Primary receipts were $4,000 bush
els, against 1896, 600 bushels a year ago.
Receipts here were 1852 cars. Atlantic
port clearances were 7O5, 900 bushels.
Shorts covered freely throughout the
day May opened nc over Saturday. at
SSB939c, and advanced to 3912c, top
price this season, closing &c over Satur-
day, at 93sG3914c.
Wheat should have declined according
to the views of the exports, but it did
not The demand for export kept mod
estly in the background and both the
visible and the amount on passage in
creased. Liverpool was merely steady,
and domestic reports were favorable to
the well-being of the crop. On the
other hand, the bulls banked on the
reports OF cold weather in various parts
of Europe; the reduction in shipments
from Russia last week; the story of in
juries to wheat in stack in Argentina by
the heavy rains, and the official India
crop report showing low percentages for
the different important grain provinces.
The strength of corn naturally reinforced
the bull positions, and so the market
went up. There was a good commission
house demand, the reason for which was
something of mystery, and shorts were
made uncomfortable by the course Of
the market. The seaboard was relatively
strong-the northwest relatively weak.
Clearances in wheat and -four were equal
to 03t,tUD DOSne4S. PRIMARY TcCeiplS wee
T53. 600 bushels, compared with $4,000 last
year. Local receipts were 60 cars, 2 Of
contract grade May closed 3sQ12c higher,
at 671sGS714c.
The provisions market was strong and
active in spite of liberal proft-taking.
The strength of corn, buying of hogs
as well as product of an influential pack
er, and also buying by sOld-out bulls,
were influences to which the strength
was attributed. One firm took in 15.C00
tierces of lard at practically one price.
The cash demand was good. May pork
closed 15c over Saturday, at s12..5; May
lard 1Oc improved. at s.. Az, and May
ribs 5d712c up, at Sc. 6212d6.65
Oats were firm. helped Enthusiastically
by corn Country offerings We're small,
although the supply in the west is be-
lieved to be large. May closed 1s4Ac
over Saturday, at 241z0Z45sc.
Estimated receipts tomorrow: Wheat,
70 cars; corn, 600; oats, 80; hogs, 5000
head.
VISIBLE GRAIN SUPPLY.
New York. April 2.-The statement Of
the visible supply of grain in store and
afioat on Saturday. March 81, as compiled
by the New York Produce Exchange, IS
as follows: Wheat. 54,203,Co0 bushels; in
crease, 1l4,0O0. Corn, q. $4,000; increase,
$40 900. Oats, $4,000; increase, 900.
Rye. 1897. go: increase, 5000. Barley,
sol coo; decrease, 10000.