The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1901-04-20
Days GRAIN MARKET
Bull Manipulation in Corn
Was Feature of the Day.
WHEAT CLOSED LOWER
Corn and Provisions Higher
and Oats Down.
WHEAT CLOSED LOWER

Chicago, April 1s.-Evidence of bull ma
nipulation In corn and a sharp reaction
in pork we're the features of dun ses-
sion on Change today. Wheat closed &c
lower; corn &c higher; oats a shade
down, and provisions from SC higher in
July lard to soc improved IN July pork.
A rather brisk trade was enjoyed by the
wheat market during the first hour,
largely because the news was anything
but clearly indicative one way or the
other. Argentine shipments according to
! the board OF trade cable, were much less
than they were a year ego, but Liverpool
| completely ignored the figures and reg
istered a decline. he cables, with the as
| sistance of excellent weather and IN
| dimmed crop prospects, had the best Of
the argument at the start, May opening
1s41lc to Ssd3zc lower, at 707sd705sc. A
| report that the English weakness was due
! to selling OF wheat brought in antici-
patton Of the imposition OF an import
| tariff on breadstuffs gave the bulls some
hope, and they succeeded IN working a
rally to 70SG1c during the first hour.
During this period there had been some
outside interest In the market. but It
was soon Withdrawn and even the local
trade became dull. Lacking support, May
gradually worked back 10 7O1kc. There
was practically no demand for export
clearances were only moderate and re-
ceipts comparatively large. The corn
strength caused some covering during the
afternoon, and May reacted to 707sc and
closed soon after IN 4 fairly steady con-
dition NC under yesterday, at 2t1707sc.
Exporters reported y loads taken. Sea-
board clearances in wheat and -four we're
al 70 hill
ceipts aggregated 3S1, 900 bushels, COM
pared with $4,000 last year. Local re-
ceipts were 81 cars, none OF contract
grade. Minneapolis and Duluth reported
275 cars, against 1SS last week and 262
year ago. Argentine shipments we're 744.
600 bushels compared with $3.50 bush
els a. year ago. From the spring wheat
states came tidings Of seeding progress
ing under favorable circumstances.
Corn displayed considerable hrmness,
but this seemed to be based chiefly on the
aggressive attitude Of the bull leader who
is credited with controlling the May OPP
ton. The weather was more favorable
to planting and cables were lower, where
fore the crowd at the start was inclined
to sell. One commission house let out ap-
proximately 100000 bushels, but it was
taken by the bull leader and the shorts.
Aside from this support little corn was
wanted. May sold between 43A and 443sc
and closed &c higher, at 44AG441tc. July
at the close sold at 1ac discount. Re
ceipts were 113 cars. 81 Of contract grade.
The oats market was dull and feeling
easier. May sold between 25lk and 25H
q252s and closed shade down at 25i4G
.. 8. Receipts were 40 cars.
Provisions were fairly active The mar
ket opened firm on light hog receipts and
sympathy with higher prices at the stock
yards. The demand was mostly for pork
and the advance subsequent to the open
ing was due largely to profit-taking by
shorts and investment buying by those
who thought a reaction due. July pork
sold between s14. 321a and s14. 80, and closed
soc higher, at s14571z; July lard between
81. 971zdS.O 90 and SS.05, closing &c up, at
s. .025s. and July ribs between s.. 9Od7. 971k.
with the close 5q715c improved, at $3.50
1874.
estimated receipts tomorrow: Wheat,
80 cars; corn, 120 cars; oats, 2s5 cars;
hogs, 14.e0o head
GRAIN AND PRODUCE MARKETS.