The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1902-04-16
BIG JUMP N NREAI
Skyrocket Price a Feature at
Close of Market.
CORN TRAlLED AFTER IT
Oats Held to Better Prices
and Provisions Closed Strong.

+ Chicago, April 15.-Speculatfon il grains
vas OF an erratic nature again today.
+ Doubts as 70 the possible effect Of the
( British import duties on breadstun mixed
I the wheat trade early and other influ-
ences pressed prices down, somewhat
/ while a break at St Louis hurt corn
{ there. Just before the close. however
{ wheat began 70 skyrocket and corn tailed
after May wheat closed 11zIl5sc higher.
May corn 152c up and May cats nc ad
vance Provisions gained a shade 70 I9c-
Early business II wheat was somewhat
CemOraliZed. The crowd die nor EnOW
how 10 interpret the new Brisish duties
ana early deals were a matter Of guess
work Rains had fallen west and ilciin-
60 spectators = the bear side. North
western receipts, however. were almost
nothing and the cash demand II AIinneap-
oils was much improved, because nearly
every thing was reported taken I'D. Corn
was weakening and as advices from Lon
con stated that buyers would pay the
eUtleS through august and after that the
dutles would be figured in the contracts.
tne crowd turned 10 sell q little. May
wheat opened unchanged 10 a shade high
er at lZssc 70 lZ7sg &c. touched 72isc and
SOFA on 70 &c. There was great dis
crepancy IN cables. Liverpool early cables
were as much as &c higher and closing
&c lower London prices ranged zsc
lower 70 &c higher. Il was announced
mat Colonial as well as foreign wheat
y
trade that export business would be upset
for some time because OF the tAx meas
ure. After the weakness in corn wore
away somewhat and the fair weather re-
ports were onset to some degree by crop
damage reports heavy buying set in
Bradstreets reported decrease Of s .364 600
bushels IN the visible supply. Commission
houses na0 good orders and shorts COEef-
60 freely. The general sentiment turned
very bUllish and the opinion prevailed
Inat the sAght wettings the winter crop Is
getting at times helps it but little. Late
damage reports scared the crowd badly
ana IN the half hour before the close
May was showed 10 &c from It's low price
FOR the day and brought Tic May closed
strong, 112Qllsc higher at 7G7sG74c. Local
receipts were a cars one Of contract
grade; Minneapolis and Duluth reported
Only 70 cars, making a total for the three
points OF l5A cars against 235 last week
and 434 a year ago. Primary receipts were
-ol.ivv ouShelS compared 70 $50 90 bushels
z year ago. SeabOsrd Clearances in wheat
and -four eluaIled $4,000 bushels.
Corn shorts were subjected TO hard
squeezing today. There was Dlenty ~
stun Tor sale early on the break Of g at
81 LOUIS The situation was almost the
opposite OF yesterday Kansas City denied
me report or sale o. 10000 bushels cash
theer and the southwest turned weak gen
orally Although cash stocks were prac-
ucaIlN gone at the two southwestern
markets there was not sufficient demand
10 keep prices w The market was ner-
Vous most or the day. but gradually beaEs
plucked UP courage and began selling
short Then came the bulge in wheat and
prices jumped upwards a gain is the shorts
tried 10 cover. Action was very irregular.
but the business transacted was not
heavy. May corn opened &c higher to &c
lower At 62iH 70 sc slumping TO SIC,
then advanced 10 Sc where Il closed.
strong. nc higher han yesterdays close.
Receipts were y cars
oats held to better prices In sympathy
with other grains. There was fair buviug
or May and the new grade OF July. Com
mission houses helped in a small advance
Local bears were not sellers. but trade
was only moderately active and the larg-
er receipts and better conditions for soR-E |
oats retarded advances somewhat May
sold between f2iaG43c and closed firm. &c |
higher al the latter figure Receipts were /
30 cars.
Provisions were strong early on the /
builish hog situation. Packers were large |
buyers Of pork and ribs and the outside /
bought literally for inVestm ent- Offer /
irgs such as they We're. came ont Drin-
cipally for profits ard Were quecklv taken ]
I'D. Toward the close prices eased some
what. but the tone was generally strong. /
Nav PORK sold-at s17oo and close 10c M I
at sl6.q2le, May lard closed shade higher {
at s. 75fle.7 ~: and May ribs SAKE Up a /
% 1913 %
Estimated receipts tomorrow: Wheat. /
s. cars corn. 40 cars; oats, 90 cars; hogs.
IS 600 head