The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1902-04-05
BEAR|SH CROP NEWS
Worked Against Other In
fuenceS on Wheat Prices.
MAY CLOSED IA LOWER
Provisions and Corn Also
Down. Oats Closed Up.

Chicago, April 4.-Bearish crop advices
prevailed In grain speculation today. and
worked against other strengthening in
nueuces TO depress prices. Trade was
dragging at times. but prices fuctuated
nervously. May wheat closed &c lower;
May corn ssd2.. depressed, and May oats
1se Up. Provisions closed unchanged TO
/ 5d11s lower.
Wheat only had a momentary respite
from bearish news. The opening was
lower on the fair weather. lower cables
and good crop adYices Belated shorts
had stuff for sale and bears grew more
confident At the early low prices ele-
yator interests bought heavily on May and
July-very close up TO 2,000, 0eo-and the
market began 10 advance The shipping
/ demand was short, sending Nay up TO
71s5c after opening 4 10 isc lower at 707sc
70 a. At this point. however, the crowd
turned sellers again. The Ohio state
wheat crop report indicated d condition OF
a against g. on March / This was taken
as a partial confirmation of Yesterday 5
bearish crop reports and pressed or pri-
ces. Corn was slow and exerted little
influence on wheat, but the wheat bears
sold aggressively on all the hard spots
and succeeded in getting May down TO
70s4c. Some OF the later selling was sup
posed TO be for the elevators that bought
early. May closed only easy. &c lower 10
l l03sc. Local receipts were Il cars, none
Of contract grade; Minneapolis and DU-
luth reported 215 cars making a total
Tor the three points OF % cars. There
were no comparisons this day last week
and year ago. having been holidays.
Primary receipts were small at % go
bushels. Seaboard clearances in wheat
and -four equalled $4,000 bushels Argen-
tine shipments for the week were 1850
4 bushels, compared TO 1,Z240 900 bushels
last week and 1885. go bushels year
ago The seab0ard reported = loads taken
for export.
Corn was dull and dragging most of the
session. Fair weather and country adj
vances to the effect that farm work was
progressing well brought about selling or
ders by the commission houses. especial
y for the outside outputs. There was
some support Of September and the small
receipts helped toward the decline. Ca
bles were lower and the cash demand in
| active. These. together with the late
wheat decline continued 10 weaken corn
and May sold down from 597sc TO 5S7sc and
closed weak, 5sG24c lawer at 59lsC. Re
ceipts were only 65 cars.
oats duIl ana fuctuated very narrowly.
The only feature 70 the trade was the
against the corn decline. The cash de-
maud was good and receipts were light.
There was fair early buying On the opia-
ion that May is to be advanced. May
sold 10 43isc and closed steady 1,c up at
4224c- Receipts were IS ears.
Provicions showed some activity. hut IL
was mostly of the downward sort Hogs
We're weaker and started fair selling. The
outside iquidated literally and st0ploss
orders were met. The cash situation was
tame. The only fair show of strength
was that of lard. which was supported
somewhat by packers. May pork closed
safe lower at s1e.S7l56l54 having sold
as low as $3.50; May lard closed 2ts down
to Ss57tz; May ribs. unchanged at ss.S7E.
Estimated receipts for tomorrow:
Wheat-25 cars; corn, s. cars; oats. 20
cars. hogs. 1000 head.
GRAIN AND PRODUCE MARKETS
Chicago.
Chicago. April 4-The leading futures