The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1901-04-16
Days GRAIN MARKET
Cereal Futures Sold Higher
but General Trade Dull.
MAY OATS WERE HIGHER
Corn Made a Gain While
Provisions Declined.

Chicago. April 15.-Cereal futures sold
fractionallyhigher today. but trade in
them was quiet May wheat closed &c
higher and May corn at like gain, while
May oats showed a closing rally of Is.
Provisions closed TIC higher to 15c lower.
SO thoroughly had traders discounted the
bearish statistics Saturday that when the
! imposing figures appeared today, the
market was in a position to ignore them.
/ Worlds shipments last week were TO-
1O5. 900 bushels, while the amount Of wheat
and -four on ocean passage Increased g.
900 bushels, swelling the amount to
4S,54S,OOO bushels, the largest aggregate
ever known. Added 10 these statistics
was the perfect April weather which
completed the array OF bear news. on
the other hand, cables were steady,
though lower receipts moderate and the
cash demand according to reports which
helped the market from time to time,
I better. Heavy clearances from the sea-
board and the visible decrease of 81, 900
bushels also contributed TO the strength.
Trade, however, was generally duh and
| lacking in speculative features. May
opened &c lower to a shade higher at
701s to 70Ssd701zc, and gradually advanced,
mostly on covering by local shorts, to
. tvt6H4tAct NADSilS sc LlBUeE at WAC
exporters reported % loads taken. Pri-
mary receipts were were sos 900 bushels,
compared with 5S8000 bushels last year.
Minneapolist and Duluth reported 354
cars, against Al last week and 400 a
year ago Local receipts were &c cars,
none Of contract grade.
Speculative action in corn was almost
at a standstill. The Phillips May DEAF
is apparently Affecting trade but little,
although there is no evidence that the
young bull leader has reIinquished his
heavy line, although he has changed some
May corn over TO JulY. OF the small
aggregate Of the days business chang
, ing" formed the major portion, holders
OF May taking July at a premium OF q
to nc, the later ruling at the close. The
fact that the ground is unfavorable to
seed, firm cables and sympathy with
the wheat strength gave the market a
firm tone Receipts were only Jos cars,
including s of contract grade, but the
shipping demand was practically a mega
tive quantity. May sold between 492s
and 4SAG4S7sc and closed &c lower at
4S%c.
As was the case in the corn pit
changing" from May to July formed
the main business of brokers and specu-
lators III the oats market, May selling at
a shade to sc premium over the more de-
ferred future. There was. however, some
selling of July, which was replaced with
May. A good shipping demand, coupled
with the sympathetic strength gained
from neighboring markets gave the oats
market a firm tone. May sold between
247s d25c and 251sc and closed &c higher,
at 251sc. Receipts were III cars.
Dizziness ruled in the provisions pit most
Of the day, especially in product of May
delivery. the bulk Of business now be
ing done for July delivery. The opening
was weak in sympathy with the hog mar
| ket. Liquidation Of July lard also had q
depressing effect Ribs were IN best de-
mand and were rather firm. Fluctua-
lions were narrow. May pork closed 15c
lower. at S142 71a. and July 12isc down, at
s14. 20; May lard. &c depressed ct S. 221a.
and July a shade easier at SS.156S .17t5 +;
May ribs closed TIC higher. at SS.35, and
July unchanged at S. 02ia.
Estimated receipts tomorrow: Wheat.
1S5 cars; corn, 135 cars; oats. 2s5 cars;
hogs, q 900 head