The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1901-04-28
DAYS GRAIN MARKET
Broad Strong Demand for
Wheat Yesterday.
MAY CLOSED 3-8 UP
Corn Closed a Shade Higher
and Provisions Down.

| Chicago, April 27-There was q broad
strong market for wheat today and the
May option closed 3-S over yesterday
Corn, which closed unchanged TO Is q
! Il higher. was rather quiet. but the oats
market showed considerable activity
closing 3-sG1-2 higher. Provisions were
dull. closing z IL higher to a shade
lower.
The market for wheat was the broad
est in weeks. May opened IA To II high
er at % II to . u and without material
reverses advanced firmly to - and
closed SIS higher al = S-8. The days
news developed a feeling OF cheerful
bullishness. To start with Liverpool ca
bles showed a good advance and the
spot market showed renewed strength.
Receipts were moderate and continental
I tidings were favorable TO holders Of
wheat. BroOmhan reported that the
weeks sales to the continent aggregated
100000 bushel. 100000 of it TO Ham
burg. During the half session New York
exporters advised OF z20 loads taken for
the foreign account, while cash sales
here of mixed grades reached a total Of
500 600 bushel. Texas sent further re-
ports Of damages claiming that IN por-
lions OF the state the crops were q total
loss. Other southwestern points noted
the baleful incursioD OF insects notably
Oklahoma Bankers in the latter terri
tory predicted the loss Of half the crop.
At the opening large quantities Of wheat
were for sale, bat this condition speedily
gave way in the face OF the strong de-
mand and therefore it was found neces-
sary TO Increase bids in order 20 iii buy
ing orders. The volume of business was
large but was chiefly for the local ac-
crued seaboard clearances in wheat and
-four were equal to 442,0 coo. while pri-
mary receipts were $500 busheI compar-
ed with $4,000 last year Minneapolis
and Duluth reported 253 cars against 266
last week, and 422 a year ago. Local re-
ceipts were Sc cars one of contract
grade,
For the betterment OF the corn trade
there were reports Of the freer country
acceptances. It was said that country
holders. who for months have evinced a
disposition 10 hold tightly to their corn.
were willing Of a sudden TO sell quanti-
ties aggregating 100000 bushel.
The effect Of this was TO create bear
ish sentiment In the pit and for few
minutes Phillips, the bull leader. did
some active bidding to support the mar
ket- He was aided by an improvement
in the cash situation aud during the
remainder Of the session the market held
steady. Business was comparatively
light. many traders having deserted TO
the superior attractions of the buoyant
wheat traffic. May corn sold between
AZ rs and IS Il, and closed unchanged at
4S Is. July ranged between - 5-S and 45
1916. closing 1-SQ1-4 higher AT AZ is
Receipts were ia cars two OF contract
grade.
Independent strength characterized the
oat market. a strong spot market and
delayed farm work were factors Ele-
vator interests replacing yesterdays
heavy cash sales We're the leading buy
ers at the start. This demand was sup
plemented later by a general commission
house demand and covering by pit shorts.
May sold between 263-S and q and closed
3-SQ1-2 higher at &c 7-SQ27. Receipts
were % cars.
Provisions were dull. buying Of pork by
q packer advanced that product and held
the rest of the list against the easier
tendency engendered by drop in hog
prices July pork closed L ID higher at
s1462 10; July lard unchanged at SS.056
$S.07 II and July ribs a shade down at
s7.959S7.s7 II.
Estimated receipts for Monday: Wheat
IS cars; corn $50, oats 26o; hogs 5000
head,