The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1902-04-30
TRADERS N DOUBT.
Diden't Know Which Side Of
Market to Expose
JULY WHEAT CLOSED UP
July Corn Higher July Oats
Lower and Provisions Of,

Chicago, April 29.-Grain traders seemed
in doubt today what side of the market to
espouse. Had there been anything worth
while to the outside buying the bullish in
huences at hand might have pushed prices
UP for a good advance. AS it was the yro-
fessional Spectator was too prominent 10
allow broad market and July wheat
closed only sc up, July corn A..9sc
higher and July oats sc lower. Pro
visions closed 21kc higher to 21ac lower.
Wheat was firm and higher at the open
ing Liverpool cables did not show de-
cided response to the break here yester-
day. Receipts were still small and Kan
sss was still sending in woeful reports Of
her crop condition. Both the northwest
and southwest contradicted the report
that farmers deliveries were more liberal
and said wheat was as hard to buy from
first hands as at any time Reports from
North Dakota said ponds covered many
of the fields and that the acreage will be
reduced and that the ground would not
be in fit condition to plow until the middle
of May. On the other hand rains were
copious in most of the Ohio valley. There
was a little squirt of buying at the start,
but, as yesterday this turned to selling
pressure later and early gains were lost.
Professionals however, continued to buy
in the dull market and prices reacted
slightly. July opened 1-Sc higher to I'M
changed at 70 Ia to 70 1-8, advanced to
70 5-s to Is 3-4c and closed firm Ia TO 3-Sc
UP at Is S-S TO IS 1-2c.
Receipts-Seeventy- cars, one con-
tract; Minneapolis and Duluth reported
135 cars a total for the three points Of
2os against last week and S2s year ago.
Primary receipts were 22S, 600 bushels, COM
pared to 10000 bushels last year. Sea-
board clearances equalled 900 bushels.
The seaboard reported five loads taken for
export to France. Fair buying by the
most prominent bull interests supported
corn again today. The trade, however,
was dull. The outsiders kept out of the
market and the close showed only a
slight improvement. Cables were firm,
considering our position yesterday, but
this influence was Offset by liberal rains in
the corn country. Offerings were expected
to increase in the interior and the re-
ceipts here were slightly better. Offer
ings in futures. however, were readily ia
ken up at any decline. Dizziness of the
trade kept prices from good advances.
July sold at 64 is to 81 IA and closed firm
IA to s-sc up at So S-4 to s. IS. Receipts,
1913 cars.
Oats received no assistance from corn
or wheat The recent heavy rains were
deemed beneficial to sown oats and re-
ceipts wer much more liberal than Of
late. The cash demand was fair, but
country offerings were expected to easily
supply the demand. Some small offerings
on the dull market caused recessions and
July, after opening steady at SIC, closed
weak 5-sc lower at Sc S-sc. Receipts, 266
cars.
A good demand for lard. especially by
packers, and the firm hog and grain
situation upheld provisions. There was
almost an entire absence of outside profit
taking though scattered selling Of pork
took off much of early gains. Trade was
duh. July pork closed . - lower at
ST.: July lard 1-2c higher at slo12 II and
July ribs a shade up at $3.50.
Estimated receipts tomorrow-Wheat.
80 cars: corn, 70 cars; oats. 100 cars; hogs,
y 900 head.