The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1901-04-25
Days GRAIN MARKET
Corn Made Another Record
Breaking Advance.
WHEAT CLOSED HIGHER
Oats Was Up a Trihe and
Provisions Down.


market for May cora scored another
record breaking advance today. closing
Is higher. Wheat closed &c and oats sc
higher, largely in sympathy. i'rovizOns
at the close are 21zGHzc depressed
The concentrated condition Of May corn
in the hands Of Phillips and his following
Of bulls was fully apparent in the course
Of the market. Bids on an ascending
scale which set fresh high record for
the crop at every fractional spot brought
out only meagre sales and this was in
tn eface Of the assertion by elevator in
terests that country acceptances last
night were considerably larger than for
some time. on the other hand, however,
was a firm foundation for bull sentiment.
The days receipts, so cars with only 10
Of contract grade were the smallest in
eight months Crop bulletins reported
that no corn had been planted north Of
the Ohio river, and for the first time in
some days there was cash inquiry. 1t
is doubtful If any actual transactions
took place for shipment, however, as
Phillips bid 5olkc in the open market for
No g. and got none. May opened IN
changed TO &c higher at 461zq47c and in a
few minutes shot up TO 4Sc. The short
interest apparently has been pretty we'll
eliminated as the bidding was most by
bulls, led by Phillips. He wanted May
all the way UP but got only 10000 bush
els AT the TOP this support was with
drawn for a time and the market reacted
suddenly 70 47c where it steadied on re-
newed bull support and reacted sharply to
ssc For an hour or so the market
huctuated narrowly under this figure but
near the close in an attempt to fill few
country orders was bid to 4S14c. A reac-
ton to 47gsc followed, but the close was
strong 15sc higher at 4Slsc. The July
option was but little influenced by the
course of May.
Traffic in wheat futures were active.
May opened u to &c higher at 72140n24c.
because cables were steady and in sympa-
thy with the corn strength. Country be-
lief in gorgeous crop prospects was re-
hected in selling orders and for few
minutes there were indications of east
/ ness May, however, worked only TO
+ ns011sc Outside sentiment turned bull
/ lish following this and ruled thus TO the
/ end. The aggressive corn strength and
( highly encouraging export talk were the
main factors but heavy world s visible
/ decrease was also influential. The sea-
board reported g. loads taken for the
other side; cash sales here were put at
half million, largely to a St. Louis ex-
porting house. May assembled steadily
/ to 72s.c before offerings became sufficient
/ to check the advance. They were TO
| secure profits. May was thus worked
j back to 72dT2isc. The close was strong
! sc higher at 721kc. Seaboard elearanoes
were l7S, 900 bushels, while primary re-
ceipts aggregated $4,000 bushels compar-
ed with $4,000 bushels last year Local
receipts were 81 cars, one of contract
grade. Minneapolis and Duluth reported
235. cars against 163 last week and 26j q
year ago. Bradstreet's worlds visible
figures showed a decrease Of 3,6oo,oS
bushels.
The strength of wheat and corn, an ex-
cellent demand for the cash article and
the backwardness Of the season combin-
ed TO give the oats market activity and
/ strength. oats for May delivery were il
special demand for elevator people and
! jumped from &c to fun cent over July
Receipts were 1eS cars. May sold be,
tween 25@4 and 263ac and closed sc higher
at 26ssc.
Provisions were duh and neglected. The
opening was easy, but prices steadied lat
er in sympathy with the cereal markets
! July pork closed ~ cents at S14.521s; JULY
lard SIS up at Sso21zdS.05 and July ribs 2iz'
better at S7.90d7.s2i2.
Estimated receipts tomorrow: Wheat
20 cars: corn, IS cars; oats, l75 cars; hogs
q, 900 head.
! GRAIN AND PRODUCE MARKETS