The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1903-04-12
TRADING WAS
FEATURELESS
After the Wild Excitement at
the Start.
WHEAT INTEREST STRONG
But Selling Broke Off and
There Was Let Up.

Chicago, April 1.-THE wheat pit was
the center of attraction on the oard "
trade today and as a result OF the man
ipulation which had been in progress Il e
past week. the Map option declined SC
and July PIC but rallied later. May CHS
ing z.G7kc lower. with July 111c down.
May corn closed shade hishger with
oats unchanged, while provisions were
from 21kc lower to 12izc higher. There
was wild excitement in the wheat pit at
the start and every broker appeared u
have buying orders. the general impress
sion being that the Armour people We're
going to send the prices still higher. The
leader of the bulls was a fair buyer At
the opening and with big demand from
shorts the price of May advanced to 711sc,
after opening a shade lower at i9QAc
higher at 76i. to 76hc. while July ad-
vanced to 72asc, after the opening at 7l7sc
TO PIC. This appeared TO be exactly
what the Armour interests were waiting
for and with a big demand for both the
May and July deliveries. the big bull
turned seller, hoping to be able to dis
pose of most OF his holdings at a good
profit. The change in tactics. however.
was quiykly noticed by the watchful
crowd and the selling became general so
much so that the price broke sharply.
May selling off to 1850 and July 69Isc.
The break in prices was the signal for
let-up in the selling pressure on the
part of the prominent long and with this
interest out of the deal the market be
came quieter. A fair demand from COM
mission houses and shorts soon brought
about partial rally and the market WIS
quite steady the remainder of the session.
May closed s4dNc lower at 75lzc. July
was off llkc at 7easdAc. Clearances of
wheat and -four were equal TO 7Gs.000
bushels. Bradstreet's report OF exports Of
wheat and -four for the week showed
2, 633, oOo bushels. Primary receipts were
500. 600 bushels 1.-TWO days. against 236.-
COO a year ago. Minneapolis and Duluth
reported receipts of 3e3 cars which with
local receipts OF ~ cars of contract. made
total receipts for the three points OF 422
cars. against 259 last week and 1S6 a year
ago
There was little interest manifested In
corn and trading was dull and feature
less. Commission houses sold July, but
there was enough demand from scalpers
and brokers to prevent any serious &C.
cline. The break in wheat had little eff
feet on corn and the close was steady
with May a shade higher at 4224c. Local
receipts were 1SS cars. none of contract
grade. Oats were easy at start, due In
liquidation by leading longs. but COW
ering by shorts caused a firmer feeling.
The volume of trade was small. May
closed unchanged at 32IaQssc. after SELL
ing between 32ls and S2ssds4c. Local re
ceiptS were 261 cars.
There was a fair demand for larI ard
ribs throughout the day, which tended
70 maintain a steady undertone IN pro-
visions although pork was weak on SELL
ing by commission houses. May pork
closed 2lzc lower at sl7.6212. May lard
was shade higher at s9.Sa9.s7is ard
ribs were PIC higher at 1872
Estimated receipts for Monday: Wheat
so cars; corn. 1o5 cars; oats, 135 cars;
hogs. 1900 head