The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1902-04-17
RAIN HELPED BEARS
Killing Off the Dry Weather
Influence of the Bulls.
WHEAT CLOSED ga DOWN
Corn Fell Considerably, Oats
Unchanged, Provisions Down.
CLOSED "a DOWN

Chicago, April 15.-Theer was sharp and
irregular action in the grain pits today
Dry weather reports wear Strengthening
Influences early but rain came 70 the re-
lief Of the bears and prices we're forced
down Nay wheat closed asG@ic lower.
May corn I1<c down and May oats IN
changed. Provisions lost Z1zn5 70 l5c-
Conditions in wheat favored better prIc-
es al the opening. Gables were strong IT
good advances and DRY weather reports
continued 70 come from the suffering
southwestern wheat country. Rains were
reported II Oklahoma and Kansas, but
mail advices generally stated that the re-
cent rains were not sufficient and nucn
Of the standing grain would have 70 be
plOWed I'd. influential interests were
buying early after a mOmentsry reaction
ard prices for some time held strong.
Near the noon hour selling movement
was started on reports OF rain IN Iowa,
where there has been much mlSglFllg OF
heavy sellers as were commission houses.
The corn cola pse was a strong oearlsh
factor. and though the outsider was buy
ing literally, the day closed With much
lower prices. May y heat started q shade
TO 1sGt4c Up a 7sc. 70 use. sold at - CSC.
ana then worked I'd to Use. On the de-
cline May sold at l51s1i+c, closing ga ~
lower al l3hac- Local receipts were Is
cars, one Of contract grade, Minneap polls
and Duluth reported 60 cars, making
total for the three points OF IA cars,
against u last week ana rs cars & ear
ago. Primary receipts were 453.0oo bush
els compared TO 4S1. GO bushels last year.
Seaboard clearSnces in wheat and -four
eQualed $1,000 bushels. The seabOard
reported exporters idle and cash grain
business neglected because OF the Eng
lish duties.
Liquidation in corn ruled the day. Early
influences OF cables and wheat trade were
buliish and helped corn for q time. The
Pit. however. was very nervous and after
some fairly heavy buying early. bears De
gan 10 pound the market TO force longs TO
let go. 4 top prices long corn came out.
but the holders did not press the stun in
jEdiciously on a weakening market St
Louis. which was firm early. eased off
and this market declined steadily. Trade
at times had dun spots. The last hour
action. however, vas spirited and or
very depressing nature. The wheat de-
cline was d bearish factor May corn
slid of from 63Lsc 10 6l1sc and had only
a slight rally at the end. closing 1lsC low
81 cars. Some traders were of the opin-
ion that leading bulls were hammeTlng
the market in order to get better load
at low prices.
oats were quiet and weer traded in on a
moderate scale though fluctuations were
cratic. Corn was the Leading influence
There was still some confirmation over
the new grading of standard oats ne
new oats held their premium OF lac for
July and 1Ssc for September. May huc-
tusted between 425sc and 43laC and closed
steady unchanged al &c. Receipts were
again light. at "a cars.
Provisions were liduidated today on the
influence Of a weaker hog market. The
recent higher prices for hogs have been
bringing out increased numbers from the
country on the decline in products pack
ers came to the support and there was
slight reaction late from the low points
MAY pork sold at $50 and closed 15C
down at s16-Ti5 Nav lard closed 5I7isc
lower q 800; and May ribs ease down
at 1915.
Estimate receipts tomorrow: Wheat,
N cars; corn, &C. cars; oats, 20 cars; hogs
81 600 head.