The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1900-04-24
WHEAT CLOSES LOWER
Influences in That Market
Largely Bearish.
CORN DOWN AND OATS UP
Provision Markets Unchanged
to Lower.
CORN DOWN AND OATS UP

Chicago April 2S.-Heavy worlds ship
thy with corn, and liquidation, combined
to lower prices Of wheat today, but the
close was steady, q to sake under Sat
urday. Corn closed 1sQAc to &c down
and oats a shade higher. Provisions at
the close were unchanged in lard, &C
lower in ribs and 20 to 271zc reduced in
pork
| There was whole bunch of bearish
| consideration presented for view in the
wheat pit at the opening. Gables were
easy, worlds shipments heavy. There
was an increase on passage and the
weather man continued TO say nice things
| about conditions. 1t was expected that
there would be considerable liquidation
of May this week, but it did not materi-
| alize early Prices were fairly firm for
couple of hours after the initial conces-
sion Of about a quarter of cent. Many
| began to believe that the big fellows who
| occasionally oyershadow the statistics as
factors, were neither long nor short-just
| even. But about knee-deep in the session
the stuff began to come out and there
was selling by others in sympathy with
the break in corn. May had hesitated
early, baking at the 65-cent mark, but
the liquidation carried the price through
that. The market was very weak at this
time, but the selling paved the way for
the reaction which began during the af-
| ternoon. The short sellers then bought
! back some of their early sales. Cash
| business was slack and the-eXport in
| quiry rather diScouraging to holders. At
lantic port clearances in wheat and flour
were equal to $4,000 bushels. Primary
receipts were $4,000 bushels, compared
with $4,000 bushels last year. Receipts
here were 40 cars, none of contract grade.
Trade was duh in spots, but the session
furnished considerable animation most of
the time. May opened at -651s TO 656651sc,
sold between 6514 and 545sc, and closed sc
| under Saturday at 647s@65c. July opened
at 6S4 to 6612G664sc, ranged from $50 to
$3.50 and closed ss01zc down at $3.50.
Much of the trade was done in changing
May for July, not much difficulty be-
| ing experienced in doing this at a diff
ference of 112c.
The corn market was active and lower.
The feature and the factor was liquida-
ton of May, although lower cables and
the increase on passage were items in
favor of the bear side. The bulk of the
| business was in the way of changing.
Receipts here were 304 cars. May closed
ssc under Saturday, at 37Bc; July h9Ac
down at 299291sc.
Provisions were active and fluctuations
the greater part of the session wide Hog
receipts were liberal and prices at the
yards lower. There was a heavy selling
pressure in evidence at the start, long
stuff, short stuff and stuff forced into
the pit on stop-loss orders. On the break
there was good buying by packers and
reaction took place. holding to the close,
which was firm. May pork closed 2715c
under Saturday at SEAS; July 2oc down
at S12.621a; May lard unchanged at S6.92h;
July unchanged at S7.0212; May ribs &C
lower at $3.50; July &c down at $3.50.
The oats market held it's own in good
shape, despite the weakness displayed
early by corn. There was little pressure
to sell, but on the other hand a decidedly
good demand from both shorts and longs.
May closed a shade higher at 225sG22a4c;
July a shade higher, at pc.
Estimated receipts tomorrow: Wheat,
65 cars; corn, 275; oats, 1S7; hogs, 1900
head
VISIBLE GRAIN SUPPLY.
New York, April 23.-The statement of
the visible supply of grain in store and
afioat Saturday, April D. as compiled by
the New York Produce Exchange, is as
follows; Wheat, 54,SS5,000 bushels; de-
crease, $4,000. Corn, 24114,000; decrease,
$1,000: oats, 7O31, coo decrease 241, 900; rye.
| LIS, 900, decrease 90 600; barley, Log, 900
| bushels increase $4,000.