The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1901-04-17
DAYS GRAIN MARKET
Wheat Broke on Realizing and
Closed IA Cent Lower.
OATS AND CORN HIGHER
Provisions Were Quiet and
IL IL Cents Down.

Chicago. April Is-The grain markets
all advanced today but wheat broke on
realizing and closed &c lower. while oats
and corn held. closing &c higher for the
former and &c improved for the latter.
Provisions closed easy, I06L1sc lower.
During the first two hours the wheat
market looked strong. The weather
maintained q seasonabIe perfection and
receipts we're liberal al spring wheat
points but on the other hand was a col
lection OF considerations more potent at
least early. when the market advanced
&C. Liverpool showed appreciation OF the
advance here yesterday and with this in
mind opening bide were from 4 to54c i'm
proved for Nay which changed hands
from z07s 20 71c- Bears hazarded small
lots and forced the market 20 7124c a few
minutes later. The strength OF the
coarSer grains made itself felC az this
juncture, however, and the bears ceased
their operations and covered later as
added incentives Tor so doing were felt.
Among these buIish iterns were a re-
port from Oklahoma that the crop C
that territory had been damaged > per
cent by ny; liberal clsarances, q heavy
visible decrease and prediction OF frost
Tor Kansas. May rallied and advanced
slowly to 71izc during the forenoon On
the bulge however, Il developed that the
market was far from strong Il had
been brought 10 e standsriu and when
longs attempted 70 secure profits the
price dropped sharply TO 7Oss a7071c, the
close E moment later found May &c IN
der yesterday at 7o1zc. Exporters re-
ported A loads taken SeaboaTd clear
ances IN wheat and dour were equal 10
$50 bushels, while primary receipts
we're $4,000 bushels compared with $4,000
bushels year ago. Local receipts were
134 cars. nOne Of contract grade. MIN
neapolis and Duluth reported 800 cars.
against III last week and 81 the cor
responding day OF 1910. Bradstreets Wis
fble statement showed a decrease Of g.
IL. COZ bushels
Moderate activity and q considerable
degree Of strength characterized the
corn market The weather which was
so bearish in wheat was the contrary
from the corn traders standpoint as IL
blocks the movement which is very
small anyway. and makes the ground
unfavorabIe for the seed. The opening
was about unchanged. although ct that
time the bull leaders sold liberal guam
titles OF both July and May the former
being at &c discount. He bought later
and the crowd followed him The ad-
F1t4Cc lStIpL-4 OUT some long SLALLr D-L
prices held firm May sold between 1884
and s4isc and closed &c higher at 4ii4c.
Receipts were I61 cars. q OF contract
grade.
Oats were active AID strong The
weather was q bullish factor while buy
ing by big houses against heavy cash
sales wa especially stimulating. Bun
leaders also gave the market support
and shorts in consequence climbed into
the band wagon. May sold between Isl
and 257sc and closed sc higher at 255sc
having reacted from the top on proht
taking. Receipts we're 2S3 cars.
Provisions were quiet and easier infiu-
enced by increasing hog receipts and
lower prices 70 Fthem. July pork sold
between S14371zG40 and SA5 and closed
l0c lower at s1430. May lard between /
$50 and SS-021s. closing 121sc down at
IS 02laQ5, and May ribs between 1919 /
: .s2ia with the close PC depressed at
s. s2lz.
Estimated receipts tomorrw: Wheat. /
IS cars; corn 1o5 cars; oats, 10 cars. hogs +
2 go head