The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1901-04-09
Days GRAIN NBERET
May Wheat and Corn Close
at an Advance.
MAY OATS WAS LOWER
Ribs 2 1-2c Lower and Pork
35C Lower.

| Chicago, April s-The grain markets re-
sumed their normal appearance today,
ruling fairly active and firm. May
wheat closed z and May corn 5q14c
higher; May oats shade lower and pro-
visions from PFC lower for ribs to S5c
lower for pork.
For moment at the opening the corn
market resembled to a degree the Wild
ness which characterized the market last
week. Seasonable weather and liberal re-
ceipts caused a rush to SSH at the start,
and May ranged from A to 43s4Q43%c, 1s
to &c under Saturdays closing price.
Greater weakness had been expected. and
when it failed to materialize shorts COW
cred and the market worked back to
44asQ441zc. Proft-taking by country hold
ers, although on a moderate scale, caused
a reaction during the forenoon to 1880
1876. Light primary receipts, $4,000
bushels, against ], 060, 900 a year ago. a Wis
ible decrease of 297. 900 bushels, and the
wheat strength caused a rally from this
to 1850, and the close was firm, May 7sq
&c higher, at 44JzQA2sc The volume of
business was very much less than has
been the average recently. Phillips, the
bull leader, did but little Local receipts
were 261 cars, "A of contract grade.
Wheat was still feeling the bearishness
Of Shows crop report at the opening to-
day. Sentiment was further weakened by
seasonable weather, liberal receipts and
an increase on passage Bears were &C
tive at the start May selling from 759sq
7514o, 4 to &c under the previous close.
report that German. wheat had suffered
from frost, and a similar rumOr from
California, started shorts covering. 1t
developed that the market had been sold
to q standstill. Very little wheat was to
be had and May reacted sharply to 707sc.
visible decrease of $50 900 bushels,
lighter primary receipts, heavy clearances
and a good export demand later impaired
additional strength and May rallied to
7l1sc. Commission houses sold on the adj
vance, but the close was firm, May &c
higher at 711&c. It was reported later
that the California frosts had done little
damage to grains. Exporters reported
fifty loads taken. Seaboard clearances in
wheat and -four were equal to 1,60l.000
bushels while primary receipts were 591,-
600 bushels, compared with 1861. bushels
last year. Local receipts were SO cars,
none Of contract grade. Minneapolis and
Duluth reported All cars, against 4S0 last
week and COS a year ago. Worlds ship
ments, $4,000 bushels, were somewhat
under expectations Wheat and -four on
the week Of 1,496,000 bushels The
Orange Judd Farmer reported that the
condition of winter wheat is practically
perfect in the centers of heavy produce
ton, the general average being IS,
against a general average of S5.7 at the
same date for the past seven years.
The market for oats was dull and the
range of prices narrow. May sold between
255sQ259z and 25$zc, and closed a shade
down, at 251zQ255sc. Receipts were 221
CATS. The tone Of the market was easier
in sympathy with the cash market.
Provisions were dun and weak, May
pork leading the decline under nquida-
ton by outside holders to secure what
profits remained. May pork sold between
S14 50 and Sl4.35, and closed 35c under
Saturday at $3.50; May lard between
SSo71z and S.. 2215G8. Is. closing 10c down.
at 1926. and May ribs between IS 20 and
sos, With the close 212c depressed at
$50.
Estimated receipts tomorrow: Wheat,
90 cars; corn, 80 cars; oats go cars;
hogs, 1900 head.