The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1902-04-25
TODAY,s MARKET REPORT.


Chicago, Ill. April 25.-WHEAT-Pand
monium ruled the first half hour OF. grain
speculation today. General rains in many
of the wheat states and fair traces Of it
in Kansas preeipitated a selling movement
in wheat at the opening that for a time
shown by traders was to stop the loss they
had incurred by buying at high prices on
heavy rain and Illinois, Missouri and Ne
braska general rain Even IN spite Of the
remarkably firm English cables everybody
turned sellers- 1nere was almost no de-
nand early and prices dropped. May wheat
opened 7s42ec TO l52Q1ssc depressed, with
sales as vice apart as i494L45zc- july
started as irregularly as May at 766l 7514 G,
and weakened &c further Gradually the
trade began TO control itself and specu-
latOrs viewed the situation more calmly.
Then prices began to crawl up again as
shorts covered their accounts at liberal
profits. May worked up to 1880 and July
Steadied around 755sc Receipts were Is
cars-none of contract grade: MINNEAPOLIS
and Duluth reported 10S cars a total for
the three points of 1874 cars. against 1876 cars
last week, and Us cars year ago. Ar
compared with 1,3020 eco bushels a year ago
After the opening tumult in wheat had
with prices inclined to hang steadily at a
liberal decline May wheat closed 11s611fc
lower, at 741sc, and July nc of, at $40
CORN-The corn pit for a time was even
more excited than wheat. Heavy rains
had fallen in most Of the corn growing
states and though dry weather has not
/ been much of a scare to corn bears the
effect on feed by such rains was expected
to be bearish. Every trader had plenty of
stuff for sale Country offerings were re-
ported larger and though Liverpool cables
were steady. corn slumped worse than
Nav starred sza7s{e lower at e7iLTsiise
and weakened to 613sc. July opened 1s01c
down, at 64d631ac, and touched 6215c be
fore traders gained control of themselves.
Then many who were natural bulls on in
fiuences aside from the recent wheat ad-
vance became nervous because they had
sold. and with investors jumping into the
market. sent prices upwards again almost
as quickly as they had fallen May finally
steadied at 621zc and July at 631zc. Receipts
were 119 cars.
Corn had a fair reaction that continued
for some time after the crowd found their
senses and May sold up again to 62ls0
weak, both May and July closing 1c de-
pressed respectively at 621zc and 631zc.
OATS-Oats had a small trade early but
breaks in other grains. May opened 1zC
down, at 42c, Wea kened to Also, and re-
acted to 4214c: Receipts were 157 cars.
Reconsideration had fine hog
market to support them against the de-
preston in grains and held remarkably
steady for a time. Trade was quiet con
! pork opened TIC lower to unchanged, at
J s16.95017O0; July lard shade lower. at
5000. and July ribs 21zQ5c to shade
EAT-Cash: No 2 red. s2lkaSS1kc
/ No. red, S0lzQS3cs No 2 hard winter. 76l:
! q771zc: No. 2 hard winter, 751ha771ae; No
ern spring l41zq4ozee; NO spring, zoo
OATS-No. 2. 436431kc; No. 8. 4304sAc.
FLAX-Cash: NV $1.79; S.-W., $1.6S
May. S1-70; Sept. $1.3S.
RYE-May, 55e; July, SEC.
BARLEY-Cash: 64sI70c.
TIMOTHY-Sept. $3.50.
CLOVER-Cash $8-35.