The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1900-04-10
STRONG and ICTITE
On Worlds Shipments and
Bad Crop Reports.
MAY WHEAT 3-8a1-2 UP
Coarse Grains LoWer--ProviS-
ions at Good Gains

Chicago. April s.-The wheat market
showed both strength and activity today,
Influenced by the reduced worlds ship
ments and some unfavorable crop re-
ports, May closing @sG42c over Saturday.
Corn yielded TO the proht-taking pres
sure. May closing 12Gfsc down. Provis-
ions, helped by higher hogs, closed
strong, 10Q171zc improved. May oats az
the close were Ac depressed.
Wheat began the session strong.
Worlds shipments for the week showed
a reduction of over a million bushels
and there was a moderate decrease on
passage. The snallness Of the Russian
contribution 10 shipments was a matter
Of comment The French minister of az
riculture was quoted as putting the esi-
mate for this crop in France under that
of 1899, and reporting increased anxiety
over the outlook. Paris was advanced
equal to 1c per bushel. Increased com
D aints were reported from Austria and
Hungary, and the India rea was placed
al 50 per cent under 1893. Liverpool
stocks showed a marked decrease and
that market was strong. Domestic It'd
ings were of drouth in the southwest ana
of unfavorable prospects in various sec
tons Of the wheat growing territory.
dence shorts covered with great activity.
May opened 5aG9sc TO &c over Saturday
| close at 6IQ671sc to 67i4c and advanced 70
673sc The cash demand was moderate
and the announcement Of an increase II
the visible of $4,000 bushels caused re-
| action which, Helped along by the break
| in corn, carried May back to 6558c.
Shorts covered on the decline, however,
and a rally followed. May recovered TO
/ 657sQ67c, at which the market closed
/ strong and 2saIac over Saturday. New
| York York reported . loads taken for
( export. Atlantic port clearances in wheat
and -four were equal to $4,000 bushels.
! Primary receipts were $50 bushels,
! against $1,000 last year Minneapolis
/ and Duluth reported COS cars, against go
/ last week and 427 a year ago. Local re-
/ ceipts were III cars, one Of contract
! grade. The government crop report for
April IS due tomorrow, but as professional
views as TO its Information varied its et-
! feet on the market today were difficult
! 70 discover. Many thought the condition
would be put at 80 per cent. compared
with the December report making the
/ condition 97.1 per cent.
Corn was only fairly active. The mar
/ ket was firm early, helped by the wheat
! and provisions strength. but the pressure
Of profit seeking lots, combined with
stop-loss sales which caught the decline
| around 1850, caused a break which was
not recovered and the close was rather
weak Seaboard clearances were Hbe al.
/ but SO were primary receipts Receipts
here were 52S cars, So cars over the est
mate. The cash demand was slow. New
( York reported % loads taken Cor export.
May opened Is TO &c UP. at 49Qio15 TO
40Ac, and advanced to 1850. The break
carried May to 39l<c and the close was
/ t2Q5sc down, at 39sec.
a big general demand and higher prices
l at the yards were reflected In higher
/ prices in the provisions pit. There was
! considerable nervousness over the posi-
! biity Of a squeeze. and this was infuen-
tial in sending shorts TO cover. There
/, was a wide outside demand, as well IS
/ buying b. packers. Sales were mostly
made by profit-taking longs, May pork
ranged from s12.97i2 to $3.50 and closed
lOc over Saturday, at $3.50; May lard
from s.. S212 TO s5.7715, closing 15l{1114c up.
at Sc. S0a6. S213, and May ribs from $I-S2
I to $40. with the close improved at SI.-2iz.
Oats merely followed the lead on corn
and in consequence displayed irmness
early and weakness later. Receipts here
were los cars. May ranged from . 70
24sy 2Hzc, and closed &c down, al 24l2c.
Estimated receipts tomorrow: Wheat,
70 cars; corn, $50; oats 2j5; hogs, =, 90
| head.
VISIBLE GRAIN SUPPLY.
New York. April 9-The statement of
the visible supply OF grain in store and
afoat on Saturday, April I. 1850 as COM
piled by the New York Produce EX-
change IS as follows: Wheat, 55.4l2,001
bushels. increase 125S. 900; corn, 23,019.-
Geo. increase 1.455.0O0; oats 7.454 oho; de-
crease, 500: rye, 1.27e- GO increase 20 GO;
harley. 1000; decrease. Sqnll