The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1901-04-13
DAYS GRAIN MARKET
Wheat Scored a Good Ad-
vance in Early Day.
WAS LOWER AT CLOSE
Corn and Oats Unchanged
and Provisions Higher.

Chicago, April 12.-1fay wheat scored
good advance early today, but lost il
and closed 4 to CSC lower. Other mar
kets were rather narrow corn and oats
closing unchanged and provisions ~ TO
1213c higher. The most influential factor
in the wheat market early was the heavy
export business as revealed by immense
clearances from the seaboard which in
wheat and -four amounted TO 1.2Sl.099
bushels. OF this $4,000 bushels represent
Cd the raw product. 1t did not represent
new business. but It did verify the en-
thusiastic reports OF a fortnight ago. A
light domestic movement and similar
shipments from Argentine, together with
steady cables, completed the bullish ar
ray. May opened a shade lower TO IN
changed at rs 10 1sg1kc, and under
covering by shorts and investment buy
ing, largely for the local account, rallied
during the forenoon to uzsU72c. Outside
support, however, failed when longs at
tempted to take pr fits. Long wheat was
offered because of the lightness Of the
days export business, and southwestern
reports minimizing reports Of injury from
insects. Aside from a narrow scalping
interest there was nobody to care for the
offerings and May broke with consid-
era bic rapidity 10 702i 470kc, and closed
weak, Il TO sc lower at 703sc. Exporters
reported five loads taken Primary re-
- cars, none Of contract grade, while
Minneapolis and Duluth reported 1S8 cars.
1t was difficult to make comparisons, ow-
ing to the fact that the corresponding
days last week and a year ago were hol
idays. Argentine shipments were $4,000
bushels, go, 900 bushels less than the pre-
viOus week.
The corn market preserved its hrmness,
but was OF little interest. Vet weather
in the west calculated to keep country
roads in a condition which Will render
1t difficult to get corn from country cribs
TO the railways. Receipts were only S6
cars, and of these the contents OF but
nine graded contract. Argentine ship
ments were 50, 100 bushels. Business was
Of yesterdays character, changing May
TO July at q slight discount for the lat
ter. May sold between n ana 455sQ43S4c,
and closed unchanged at 1890.
Several factors combined 10 mex the
oats market a strong one. Chief among
these were an active cash demand ana
reports Of good shipping business. 1t
was reported that 200 600 bushels Of No.
mixed had been sold at 1sc premium
over May in store, or about nc better
than May T. o. b. Speculation trade was
rather quiet, however, as only small lots
were on the market owing TO the cash
demand. May sold between 252s and 251sc
and closed unchanged at 251sc. Receipts
were IA cars.
Provisions were quiet and steady, sus-
tanned by light hog receipts, higher prices
at the yards and q fair cash demand.
May pork sold between S14.zT15 and 81 -571a
and closed PFC higher az S14.47la; May
lard between sS.271A and SS-3212, closing
10c up, at SS.32i5. and May ribs between
IS 20 and IS 2315. with the close 121zc i'm
proved, at $50.
Estimated receipts tomorrow: Wheat.
90 cars; corn. lis cars; oats, $50 cars;
hogs, 1900 head