The Wichita daily eagle., 1904-04-28
wheat WAS STRONGER
Fear of Delay in Seeding
Caused Uneasiness.
CORN AND OATS HIGHER
Provisions Also Enjoyed a
Fractional Increase.

Chicago, April 27.-Fears of additional
delay TO seeding operations in the north
| west. owing to predictions Of rain.
caused strength in wheat today. At the
close July wheat showed net gain of
lzc. Corn also advanced lac. Oats are
uplAdlbc. and provisions 5Q20c.
firm feeling prevailed in the wheat
pit a the opening, and prices showed a
slight advance over yesterdays close,
July being unchanged TO lsQkc higher.
at 314c to S9sGS3Izc. At the time senti-
ment perhaps was most affected by the
generalaly bullish character of the
weather bureau reports issued the pre-
vious afternoon and by the great una
nimity of private advices from Ohio and
Indiana emphasizing the hopelessness of
raising more than . or 80 per cent of a
crop of wheat Gables. however. were
disappointing to the bulls, only a small
advance being registered at Liverpool,
notwithstanding the sharp advance here
yesterday Added to this was the official
forecast Of warmer weather for the south
west. These bear influences brought out
a number of realizing sales, and the
market made a quick recession. July de-
clining 70 s2s4 6S27sc The reaction. how
ever. was of short duration, liberal COM
mission house buying soon causing
rally. Shorts also took advantage of the
slump and covered freely. Rain was pre-
dicted for the northwest, a district
which has already had too much moist
ure and pit traders were inclined to be
extremely pessimfstic on that point. Re-
ports of decreased acreage owing to de-
layed seeding were partly verified by the
strength of the northwestern markets
and by heavy buying from that quarter.
The market gradually increased in
strength until July had advanced to S4lsc.
Strength in coarse grains. especially oats,
had a bullish effect on the market There
was considerable profit-taking late in the
day. and prices showed a reaction from
the high point. although no sign of weak
ness was manifested. The close was
strong. with July at 324c. May sold be
tween S612c and S7asc and closed at Sic.
Clearances of wheat and -four were 16ssO0
bushels. Primary receipts were 1850
bushels. compared with 317.S00 bushels a
year ago. Minneapolis. Duluth and Chi
cago reported receipts of "a cars, against
135 cars last week and 10 cars a year
ago.
Under an active commission house de-
mand corn ruled strong throughout the
day. July opened a shade to lsGHc
higher. at 4s14 "a 4sssc, sold between 4sAc
and 49lsc and closed at 4S5s04S24c. May
ranged between 461ac and 47ssc, closing al
1870 Local receipts were 146 cars with
% of contract grade.
The feature of trading in oats was the
activity and strength witnessed in the
May delivery. The market closed strong
Jul opened a shade to HG7sci higher, at
36l1d36ac, sold between 36l2c and Csc.
closing at 3724c. May ranged between
37&4c and 1880 and closed at $685. 0391kc.
Local receipts were % cars.
Provisions were firm in sympathy with
the strength in grains. Offerings were
light. The market received most support
from packers. The close was firm. with
July pork up 1112d20c. at s12.4712G12.50;
lard was up &c. at s6.9215. and ribs 7lsc,
at s6.271a
The leading futures ranged as follows: