The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1901-04-30
DAYS GRAIN MARKET
Realizing Movement Causes
a Break in Wheat.
MAY CLOSED LOWER
Corn Goes Down While Pro-
visions Are Depressed.

Chicago, April "a realizing move
ment caused a severe break in wheat
today and Nay closed IA 10 I7sc lower;
July corn closed &c down, May unchang-
ed; oats closed 4 to sc lower, and PRO
visions unchanged to u 10 Ice de-
pressed.
While worlds stocks were bulnsh.
wheat traders were more impressed by
L.verpoors failure to follow the agrees
sive advance here Saturday and heavy
lines of long stun were offered May at
the opening being quoted 5sdztc 70 ssG1zc
lower, At l3Sld7zc. Outside buying or
ders cared for the offerings early, but
the market showed no railying power.
This demand soon died out and longs.
discouraged further by the fall Of rain IN
California, the lack Of export inquiry,
the hberality of receipts and the fact
that bug reports failed to show any
spread Of the pest, continued TO hquidate
the remainder Of the session. Nay was
gradually forced off TO 72ssc, and the
close was weak, 13sQ7sc lower, at 72iz9
Use. There was no important rallies on
the way down. The visible decrea sed
1,5l6,000 bushels. Worlds shipments
were 7,Ts4,000 bushels. while the quantity
OF wheat and -four on ocean passage
showed a decrease Of 3,392.00 bushels.
Primary receipts were $4,000 bushels,
compared with 513, 00G bushels last year
Seaboard clearances in wheat and -four
were equal to $1,000 bushels. Local re-
ceipts we're % cars, one Of contract grade.
Minneapolis and Duluth reported % cars,
against 524 last week anu 55i a year ago.
May was corn saved from the wea kness
which affected July by the neglect with
which the great majority of traders
treated it, and by support from Phillips
when the market needed IL. July, on
the contrary. was hit by the wheat
slump, by freer country offerings. liberal
receipts, easy cables and a vast improve
ment in the weather which is now re
garded as highly favorable for germina-
ton. The volume OF trade was rather
small. July sold between 45is and 45is and
closed sc down at 451sc. May ranged be-
tween 4S1s and 47&c and closed unchang-
ed, at 4Slsc. Receipts were 179 cars,
OF contract grade.
Oats were active and despite q moder-
ate price recession seemed firm at the
bottom. Elevator people still led the buy
ing, hedging against cash sales, while
the cash inquiry remained In its previous
satisfactory condition. Additional re-
ports Of late seeding also contributed to
the support Of the market. The wheat
weakness. however, was too pronounced
TO be ignored, and after brave resist
ance the oats market eased of. May
sold between 27is and posse and closed
5lIssc lower, at 265sc, July ranged be-
tween 26l5 and 257sc and closed &C down
at PC. Receipts, Us cars.
The provisions market was dull and the
tone easier because Of heavy hog re-
ceipts and q slump in hog prices, but
prices suffered but little. as there was
scarcely any selling pressure. The range
was narrow. July pork closed unchanged
at Sl4 671s; July lard 7iz010c down, at
s.. e71k. and July ribs 21ad5c depressed,
at S7921z
Estimated. receipts tomorrow: Wheat.
100 cars; corn, go cars; oats, ga cars;
hogs, q, 600 head.