The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1902-04-15
NAY WHAT LOVER
After an Exciting Day of
Many Fluctuations.
MAY CORN WAS HIGHER
Provisions Closed Lower While
Oats Were Higher.

Chicago. April 1I-speculators in
grains had a feverish time Of it today.
Corn shorts were badly scared over the
continued bulge in the southwest markets
and fearing possible manipulation OF the
market by bulls in its present peculiar
condition, bid prices up two cents. Wheat
had an early bearish tendency but had to
follow the corn lead and jumped &c. All
pits showed marked activity and prices
huctuated erratically. After the early ex-
citement conditions became somewhat
normal and May wheat closed &c lower,
May corn &c higher and May oats nc up.
higher
Shorts in the corn pit were the cause
OF mcky actions in grains. At the start
there was an inclinati ton TO sell stuff be-
cause or the easy feeling in wheat. It
took only few spurts of the St. Louis
market. however, TO create a strong de-
mano by the unfortunate early sellers.
Ihe naturally bullish situation in the
corDcorn trade with continued reports of
depietions OF stocks at all prominent CEN
ters and an improving demand scared the
snorts padly The rumor that was start
ed IN March OF a possible corner was re-
neWed again and a hot start resulted.
Great buying force was under the GER
cal ana prices were rushed up cents al
most before the market was well under
way. May opened 1sc higher to isc lower
at 6lS 10 612s cents and jumped to 631kc
This was an advance Of about six cents
over the low price on the decline OF a
week or ten days ago and of almost four
cents since Saturday morning. St Louis
was buying here, supposedly four cents
since Saturday morning. st. Louis was
buying here. supposedly TO finish the COW
erins Of the big short line begun Satur-
day. Offerings were not enough to sup
ply the demand. Everybody in the Dit
was nervous. Trade was guess work all
around After the early excitement there
was considerable selling by people who
thought cordn had all the twist needed
Tor the present. Business Quieted down
and as wheat reacted from its sympathetic
nlEner prices corn eased. Liquidation at
top prices brought good proffs. There
was goodOdemand for the cash article
which tosetiNr with strong cables helped
IN putting bullish Interpretation on
every bit Of news. Traders in all pits were
taking or the remarkable outlook for
speculation and manipulation ia corn.
News continues to arrive Of farmers feed
IN cattle and hogs makes good profits
May corn at southwestern markets is lie
70 1&sc over Chicago prices. The visible
decreased 100000 bushels-now 100000
DusneiS against 22,O00,000 bushels year
ago The country traders say must have
chicago corn-and there is little of that
after nigh prices, May corn sold off 10
sItsc. out rallied again and closed strong
cars.
Wheat started out with a sickIy aspect
on unresponsive cables and rains in the
southwestern wheat country. Nav opened
nc TO 4sc lower at 725sG73c; but at once
felt the influence of the Soaring corn mar
ket. In very. short time covering and
an investment demand sent May TO 735sc.
AS corn began its decline after the open
ing bulge wheat eased off, then a big line
was sold for leading bun professional
and as the "tailers" flied into sell the
The southwest sold here and those mar
kets were lower. Commission houses
were on both sides of the market but
principally sold. Liquidation for profits
was very popular. The visible decrease Of
l,StV.000 bushels was little more than ex-
pected, but had no effect. Trade was ac-
tive. Max, G<5sed weak at its lowest
point. &c of a 72asc. Local receipts were
25 cars. two Of contract grade: Minneap-
oils and Duluth reported lS3. making to-
tai for the three points OF 20S cars against
mary receipts were 30S00 bushels against
$4,000 bushels last year. Seaboard clear
ances in wheat and flour eQualed 81. GOO
bushels. The British budget presented
today imposing an import duty equal TO
about &c a bushels on wheat and an
equivlent duty on flour was a weakening
influence. Worlds shipments were SOP
600 bushels compared 10 10l66.000 bushels
last year. On passage breadstuffs decreas-
ed $4,000 bushels
Trade in oats was fair and on the corn
influence prices advanced. May and July
Weer bought literally by receivers and
commission houses. Offerings were small.
The crowd usually in oats devoted much
of its time to corn. The prospects Of
more liberal receipts caused some selling.
May started unchanged 10 &c UP at ga
42isc. sold to 43c. and closed &c up, at
42i5c. Receipts, Isl cars.
Provisions had fair general trade.
hogs were steady, but the demand for
products was good and packers supported.
Commission houses were also buyers The
tone was stronger all day. but realizing
or the advance knocked off some of the
gain. May pork closed rs up at SIC. s2ls
May lard n shade lower, at 50. 72lz. and
May ribs SC higher. at s.. 1919.
Estimated receipts for tomorrow:
Wheat. 80 cars; corn, s. cars; oats, 20
cars; hogs, q. 900 head