The Wichita daily eagle., 1901-04-19
Days GRAIN MARKET
Trade Was Largely Local on
Change Yesterday
WHEAT CLOSED HIGHER
Corn and Oats Down and
Provisions Unchanged.

Chicago. April 1S.-Today's grain trade
was largely local and price huctua-
tions we're not wide. Besides export sup
port, wheat derived some help from the
weather. but this latter factor was a
bearish item when applied 10 corn and
oats. May wheat closed 4 10 sc higher;
May corn \ 10 sc lower, and May oats
&c down. Provisions closed unchanged
to sc depressed.
Allegations Of frost IN Kansas and
ether portions OF the southwest stimu-
lated the wheat market az the start, al
though il was recognized that frost is
not good medicine for insects, which
seem 10 be about the only present blot
on the generally rosy crop outlook The
climatic change, however, combined with
steady cables and small northwest re-
ceipts, was enough to alarm nervous
shorts. This interest and some outsiders
bought at the opening when May sold
from Il 10 711sc. an advance OF = to sc
over yesterdays close. This buying was
short-lived and May during the first
hour reacted 70 70&c. trade for time
being almost at a standstiH- Liberal
primary receipts and small clearances en-
couraged some short selling, but reports
Of fly damages which had begun 10 ar
rive, held the market steady. When II
was reported that exporters had taken 50
loads, probably half OF it for Germany
shorts rushed TO cover. advancing the
price OF Nay to 715s. Prodt-taking sales
caused a reaction from this 70 707sc, but
the surprisingly large quantity taken for
foreign shipment had given sentiment a
buIlish shock. and the close was firm,
May Lt6@sc higher, at 71I711sc higher, at
161Lc It was reported that 10000
bushels had been sold here, but the ru-
rnors could not be confirmed. Seaboaro
clearsnces In wheat and hour were equal
to 227, ,000 bushels, while primary receipts
aggregated Sc. coo bushels. compared with
352. .Oo0 bushels last year. Minneapolis
and Duluth reported 2z5 cars, against 20
last week and 81 a year ago. Local re-
ceipts were p cars none OF contract
grade.
The corn market was a professional af-
fair. Bull leaders gave it some support,
but apparently did not care 10 have II ad-
vance at present to a level where It
would be an object to detain cOrn-laden
boats in the harbor TO deliver their car
goes on May contracts Yesterdays lib
eraI cash sales, light receipts, with prac-
tfcaIIy no movement from first hands,
tended to hold prices firm early. me
weather, however, seemed to be more
favorable, inducing some selling py room
traders late IN the session under which
prices receded- May sold between 47ss
and 1875 and closed 4 to sc lower al
4sls 844c July at the close was = 70 9zc
under the May level. Receipts were 81
cars, q Of contract grade
Selling May and buying July, with the
former at &c premium, was the feature
Of a quiet session in the oats market
The opening was firm, but prices eased
off later on improved seeding weather
and in sympathy with the corn reaction
Receipts were I45 cars. Nay sold betweer
25& and 25ssc and closed &c lower, al
25ssc-
Provisions had a dull day. The cash sit
uation was easier and pork and lard
eased OF trfhe in consequence, but ribs
held steady. The range was narrow May
pork closed &c lower at S14.Z7la; May iarc
2Isc down. at S7.e7iz, and May ribs un-
changed at 1916.
Estimated receipts tomorrow; Wheat
g cars: corn, 140 cars; oats, 10 cars
hogs, 1900 head.