The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1901-01-22
ADVANCE N WHEAT
May Closed 0ne-Eighth Up
and Corn the Same.
PROVISIONS ARE LOWER
Higher Cables Had Quite an
Effect on Markets.


ments. higher cables and a strong cash
situation were potent factors in an ad-
vance in wheat today, May closing l 10
NC higher. Corn closed 4sc up, and oats
unchanged. Provisions at the close were
! 21a to Iazc lower.
4 May wheat opened z to 5sc to a shade
higher, at 74sla414c Liverpool was the
/ influence, showing an advance in the
face of the decline here Saturday, but
so much long wheat was for sale the
first sales were at widely varying hg-
| res, and a moment later the market
touched 741sc. The situation, however
was oullish Worlds shipments were
only 6,S28, 900 bushels. compared with s.,
eco bushels the week previous. Ant
werp reported the breaking out Of the
bubonic plague in Argentina and was
said 10 have bought heavily OF wheat at
San Francisco. There was a better de
mand for -four and this impaired
Strength to the cash wheat market. Pc
fore the opening It was asserted j. loads
had been taken for export at prices bet
ter than Saturdays figures. A decrease
OF $4,000 bushels Helped sustain the ad-
vance, but the main support came from
taken by exporters was cons tantly added
to till at the close the seaboard was
claiming al loads Export sales from
western and northwestern points aggre-
gated nearly 1000,o0 bushels. May
wheat during the forenoon rallied to 75ls
A reaction to 74at0747sc then took place,
but this was followed by a further rally
to 73ssc, and the close was Strong, May
! to 1ssc higher, at 75Ac. Primary re-
A-oo HNn
neapolis ana Duluth reported go cars,
against $40 last week and 4S7 a year ago.
Local receipts were 66 cars. , of con
tract grade. The amount on ocean pas
sage showed an increase OF $1,000 bush
els
Corn was moderately active. but the
range was narrow, The market early
followed wheat closely, but the pace
later became too fast and the market
settled back almost entirely on an indie
pendent basis. The news was hardly as
favorable for the coarser grain as for
wheat. Cables were easy, receipts grad
ed better and the visible increased ILL.,
600 bushels. Shorts were the best buy
ers early, and the trade, excepting a few
outside deals, was in local hands all day.
Receipts were 64S cars. May sold be-
tween SS4 and SeG39lsc and closed firm,
&c higher, at 3S7kd39c.
Oats were moderately active, The mar
ket felt the wheat strength, but during
the afternoon eased off on selling credit
ed to en- influential operator Receipts
were go cars. May sold between &14 q
25ssc and 25c and closed unchanged at
pc
The tendency in the provision market
was easier. Hog receipts were under
the estimate, but prices at the yards,
nevertheless, We're weak. and this was re-
dected by decline in provisions al the
opening. Buying by prominent specu-
lator caused a rally later, hut It was
not supported and the close was easy.
MAY pork sold between S14. 1Od14.12i and
s13 80. and closed PIC lower, at $13923b;
May lard between $50 and 8. 49,. clos
ing PIC down, at s7.421a, and May ribs
Between s. 10 and $7O2l5 with the close
sc depressed at sos.
Estimated receipts tomorrow Wheat,
IS cars; corn. 700 cars; oats, SOS cars,
hogs, 10000 head.