The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1902-04-03
BULLS HELD / OP
Upturn in Wheat Saved Board
From Dull Speculation.
MAY WHEAT IS HIGHER
Corn, Oats and Provisions
Showed Advance.

Chicago, April 2.-Bullish sentiment up
held grains today and induced good in
vestment buying in wheat. The upturn
in wheat was all that relieved the board
Of a day Of very dull speculation At the
close, May wheat was 9zG7sc higher, May
corn 3sc up and May oats sc higher. Pro-
visions closed 21zg TO 1715c up.
Many things contributed TO the strength
shown in wheat. Northwestern receipts
were small. the weaker was colder and
interior and northwestern elevators re-
ported decreased stocks. Thsre were also
some doubts expressed as TO the outcome
of the winter crop. yesterday WASH
ington weather crop was construed bear
ishiy but some experts sent IN depresS-
ing news from the southwest. Seeding
was backward and the freezing weather
has been paralyZing the growth or wheat.
Gables were much lower than last COM
parsons on Thursday and there was a
Slight dip in prices after a fairly firm
opening. Both the northwest and south
west were reporting higher prices and
bought literally here. In spite OF the
bearish influences there was additional
buying by the bull crowd that has been
manipulating July corn. Cash trade was
improved and sample people reported
that indications pointed toward a re-
sumption of export business. May wheat
opene 1sYAc TO A43sc higher at fl9sc TO
4lL2c, eased TO 711zc and by gradual stages
advanced to 72jsc. Trade at no time was
heavy or excited. May closed firm, "a .
up at nc. Local receipts for two days
were 1l6 cars, two of contract grade
Minneapolis and Duluth reported 2l1 cars
making total for the three points OF
only 327 against 1S7 one day last week and
l 900 two days a year ago. Primary re-
ceipts were 719, 600 bushels compared with
$4,000 bushels last year. Seaboard clear
In rr-ftr or1A al .
bushels. Bradstreets reported the visible
supply decreased 2,544.000 bushels. The
seaboard reported $50 loads taken for ex-
port.
Corn trade was disappointingly slack.
The big manipulators in July options were
not in evidence and the market settled
into its normal condition. Trade was
mixed with little desire to trade one way
or the other but the buying was better
than the selling side. Cash conditions
helped the market materially, Though
pressing. AT thrdl mbfwy vbgkqJkqJJ
weakened cables were somewhat de-
pressing. ia times there was marked
anxiety over what the bull crowd would
do. but nothing eventful happened. South
western news was bullish, but the out
side influences were only slightly effec-
tive. What strength aided somewhat.
May corn opened steady, sold down to Goo.
advanced slowly TO 6''9sc and fiuctuated
very narrowly. May closed firm, 2sc up.
at 6012c. Receipts for two days were PIC
cars.
oats were dull receiving houses did
some buying. The market was fairly
strong but the range of fluctuations was
narrow. Cash strength and the tone of
the other pits Influenced better buying
than selling. May sold between AZ and
425sc and closed firm, &c UP at the latter
figure. Receipts were rs cars.
Provisions weer fairly active today and
showed marked strength The early hog
market was good. but this influence was
soon withdrawn as the tone of the yards
eased. There was very little disposition
to sell, a large cash business at western
points was reported and packers bought
literally Of lard and ribs. AS of late.
pork was the most active product and
showed the best tone. May pork opened
10012lac higher. sold between 1855 and
Sl6S0 and closed INC up al S16.7212. May
lard closed 2i5c higher at $3.50; and May
ribs 7l1c higher at SS.91iz.
Estimated receipts for tomorrow;
Wheat. 80 cars: corn. los cars; oats, no
cars: hogs, 8. 900 head.
GRAIN AND PRODUCE MARKETS