The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1902-04-29
BAD FOR TIE Bulls
July Wheat Loses at End of
Days Trading,
TRADING FAIRLY ACTIVE
Corn and Oats 0Own--PrOvi-
sionS a Trife Up.

/ Chicago. April 2s.-It was bad weather
/ for the bull traders in grains today. Even
| though reports indicated diminishing sup
plies Of Old wheat and offerings in corn
were stin light. the crops were receiving
TOO much benefit from the seasona6ls
weather 10 aIlaw prices 70 hold advances.
These variant factors. however. caused
several rapid changes OF sentiment In
| the end July wheat lost 1Qlisc, July corn
| &c and July oats SEC. Provisions clos
| ed 23zc lover TO z1sc higher.
Trade II wheat was only fairly active
/ though the frequent change Of front the
| Spectators made the tension somewhat
marked. Il the opening the news OF gen
/ eral rains in all the principal wheat states
except Kansas started wheat az a liberal
/ decline from aSturday's closing prices
| The southwest sold literally and helped
! hold prices back The situation. how
ever for some time seemed 10 favor the
bulls. Gables were higher primary re-
ceipts were stin light showing rapidly de-
creasing stocks and the northwest bought
well Of cash stuff and started an advance.
Prices worked up a little and were helped
considerably by the remarkable decrease
IN the visible supply-3. 7s2 90 but on the
strength OF this last influence July rose
70 4o14c after opening A.Glz % lz9ssc lower
az 1524gI5ssc. The pit crowd, however.
vas considering The heavy world s ship
nents and the general weather situation
/ and fought hard against the advance
When reReEts OF more liberal offerings in
the northEest by farmers and Of rains II
kansas arrived there was q renewal OF
the selling movement that had weakened
the market az the opening. Prices stead
ily declined with active and heavy selling
at times until July reached 75c. A show
o. an Improvement IN receipts Though
they are still smaID had bearish effect.
July closed weak, IG1sc lower at 75l.c
Local receipts were . cars. one OF con
tract grade. Minneapolis and Duluth re-
ported 30 cars, making a total for the
points OF 253 cars against 237 last week
and so e year ago. World S shipments
we're s,SS5, coo bushels, compared With =
10000 bushels last week and :. 7e4 900 bush
els year ago. Primary receipts were
562 0o0 bushels against 81. Goo bushels last
year. Breadstuffs on passage decreased
$4,000 bushels. Seaboard elearances in
wheat and -four equalled 2ss % bushels
Trade in corn hinged on the action Of ths
leading bull crowd. influential buying
prevented tbs cereal from following the
course OF wheat although the break in the
other pit eventually had its effect AT
the opening prices were very steady and
practically no attention was paid 70 the
general rains N the southwest and % the
unresponsive cables. Offerings were very
small and were readily taken as prices
advanced. The leading house that IS SUD
posed 70 be carrying twice the amount Of
corn IN actual did some good buying and
sent July prices from s39s 70 64ssc Trade
was rather quiet and the greater part OF
the session but as wheat weakened there
was some active short selling and prices
slipped of. The marked feature OF the
market vas the good show OF strength at
the close July closed &c down az 63lsc.
Receipts were improved AZ 1o4 cars
Interest IN May oats relieved the nlonOty
OF a quiet market and helped uphold the
other options. There was fair buying Of
the bear option and prices advanced some
what. The generous rains however. have
increased the prospects Of the coming
crop and as receipts grew larger and
wheat ard corn weakened oats recedcd-
The cash article was in good demand. but
there was something Of a disposition 10
keep cut OF the msrekt until the posi-
biiity OF a corner IN May IS past Nay
sold 70 43isQs3isc and closed hrm. 1.c up
AT 42sc- july. new closed 2sGtzc lower
Al SIC Receipts were 1873 cars.
The provision market was manipulated
gain by packers TODAY for higher prices.
The early tendency vas % sell on the
grain situation and tor profits Brokers at
once began buying for packers. especially
OF lard and ribs and prices fuctuated
nervously. Offering by scalpers as well
as b. packers became liberal after the
price had been pushed up and on an alb
sence Of any urgent demand and the
wheat break most OF the early gains were
lost. The hog market was strong. July
pork closed 21Ac lower az 1TC21e after sell
ing AZ slTI1iz July lard 2lzc I'D az 5000
and July ribs a shade higher - 81 42iz0e 81
Estimated receipts tomorrow. Wheat. Is
cars: corn. Is cars; oats. ed cars. hogs.
- coo head.