The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1903-04-17
WAS RENEWAL
OF BUYING
Leading Longs Resulted in
Strong CIose---May Up.
LIGHT BREAK AT OPENING
Provisions We're Quiet and the
Market Easier.

Chicago. April 16.-Trading in Wheat
was active today and there was renewal
of buying by the leading long, which re-
suited in strong close. May being .sc
higher and July up &C. May corn closed
| &c lower with oats of &c TO sc. Prov:s-
ions were easy. the May products closing
from 21zc to 71sc lower
A severe break occurred in wheat at the
opening, due 10 improved weather e9nG!-
tions and to the Indifference with which
yesterdays advance here was receive i
abroad. initial sales on May showed a
decline Of nc TO rs. at 76l.c 10 1863. and
July was of 4Q3sc. at u14G71lsc. There
was quite general selling for a time and
the market was decidedly weak but later
local traders turned buyers ana a better
tone developed. influenced TO a large ex-
tent by small receipts and continued re-
ports of damage TO the European crop
Toward non the market became quiet and
prices eased of. May declining 10 ,5Ss
and July to 707sc. A sharp advance &C
CURED during the last hour on heavy
buying by the Armours who are said 10
have added nearly 1905 900 bushels to their
line. the most of today's purchases con-
sistins of the July delivery. 4 good ex
port demand was also an influential factor
late in the day. After selling up 70 777sc
May closed &c higher at TIC. july
touched 7l7sc and closed &c higher at 711h
q71asc. Clearances of wheat ana -four
were equal 10 5S5. 400 bu shsls. Primary
receipts were 236. 200 bushels against
296 60 bushels a year ago. Minneapolis
and Duluth reported receipts Of III ca.
which with local receipts of a cars-none
of contract grade-made total receipts
for the three points Of 125 cars against pa
cars last week and POI cars a year ago.
Weakness in wheat and unresponsive ca
bles. together with more favorable
weather. caused weakness in corn at the
opening and although the strength in
wheat later in the day was reflected in
little affected and ruled weak the greater
part of the session. July was on better
demand and was relatively firmer than
the nearby month. a prominent provision
interest was an active buyer of July early.
May closed with loss OF &c at 1910.
after selling between s35sc and 44asc. July
closed sc lower at Aisc. Local receipts
Were So cars-none OF contract grade.
The improved weather and the weakness
in corn and wheat brought out liberal
selling orders in oats at the opening and
the market ruled weak. \ better cash
demand ard small receipts had a bullish
tendency on prices. however. and prevent
ed any serious declines. May closed Al
sc lower at 33I2c after selling between
SGssc and $3.50. Local receipts We're IS
cars
Provisions were quiet and the market
was a tri1e easier with considerable selling
for goreign account. \ decline OF from sc
10 I0c in the price of hogs was an early
depressing factor. Stock yards people did
most of the buying with some covering
by shorts. May pork closed 25zc lower at
Sl7.s5; May lard was off 7l2c at s.S212 aud
ribs were down sc at 9.S2iH.
Estimated receipts for tomorrow:
Wheat, 20 cars; corn, 20 cars; oats, 20
cars; hogs. 1000 head