The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1904-04-30
BULLS keep ACTIVE
Excellent Weather Doesn't
Break Grain Values.
CORN SHOWS SLIGHT LOSS
Oats Hold Firm While Pro-
visions Decline.

: Chicago, April 29.-In the face Of eX-
cellent weather for all kinds of farm
work "a majority of wheat traders today
remained bullish on the crop situation,
buying orders being of SUFFICIENT quantity
TO cause net advance of 14G9sc i'll the
July option. Corn shows loss of 1sc.
Oats are UP sc. Provisions are down
! 121ac to zoe.
Influenced by the exceedingly favorable
weather. wheat opened trife easier July
being off 1s@l4c to AG3sc at Si14dS42sc.
For the first half hour there was consid-
cradle selling by pit traders due TO the
improved weather conditions and TO the
unresponsive tone Of cables. the Liverpool
grain market showing only a very small
I gain in the face OF the decided advance
here yesterday. AS a result prices eased
off a little, July touching Si1.c The great
er number of traders. however. were
bullish and an improved demand soon
manifested itself. Much Importance was
attached to a private crop report issued
today. According to this authority adj
vices from a SUFFICIENT number of wheat
counties TO be Indicative of the general
situation show that the average condi-
ton of winter wheat is lower than indi-
Gated by the April figures. In spite OF
generally favorable weather the condi-
ton of wheat in Illinois. Missouri and
Kansas is alleged to be slightly lower
than a month ago. In addition to the
bullish crop news cash wheat was in urg-
ent demand. and the strength of that
article was material help to speculat-
i've of
the May delivery. advancing the price
Of that option about 11ac. July, in the
meantime sold up to S5sc. The market
held strong until the last half hour. when
a reaction occurred on profit taking. A
firm tone prevailed at the close. Final
figures on July were S47sc. May ranged
between 8s3s090c. closing at sss4c. Clear
ances Of wheat and -four were equal ii
49, 400 bushels. Exports of wheat and -four
for the week, according to Bradstreet' s.
were equal to 100000 bushels Primary
receipts were 1920 bushels, compared
with POI, 800 bushels a year ago. Mime
apolis, Duluth and Chicago reported re-
ceipts of so cars. against 81 cars last week
and 195 a year ago.
Fine weather started the corn market
Z,
however. had a counterbaIancing effect,
the market becoming frmer on a moder-
ate demand. The close was barely steady.
July opened 1sd14c lower, at 4s2sd4Sllc
sold between 4Sas@49c, and closed at 4sIzc
May closed at +65sc. Local receipts were
161 cars, with 80 of contract grade.
Sentiment In the oats pit was very bull
lsh on the cash situation and on unfavor-
able crop advices notwithstanding the
excellent weather conditions. The market
closed firm. July opened &c lower to &c
higher, at 3S3sc to 39l4c. ranged between
$3.50 and 39ssc, closing at 391sc
Liquidation due to a bearish hog mar
ket was responsible for lower prices
throughout the provision list The prin-
cipal buying was by packers. The market
closed weak at the low point Final quo
tations on July pork were off zoe. at ST. %
Lard was down 121zd15c. at Sc. 72*06 75,
and ribs were down 15c, at s645.