The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1904-04-09

WEATHER and WHEAT
Blizzard and Cold Wave En-
courage Buying.
CORN AND OATS STRONG
Provisions Advanced a Frac-
ton with Grain.

Chicago, April s-Blizzards, with an
Official forecast of a cold wave, caused
active buying OF wheat today There
was net gain of A97sc in July delivery.
Corn is Aa9sc, oats sc, and provisions
5G1212c higher.
Weather conditions were the chief
consideration with wheat traders. With
storms in the west. northwest and ceL-
tral valleys, apprehension was rife con-
corning farming operations. Apparently
the fact that moisture was greatly neeo-
ed did not at first appeal to the major
ity Of traders. The market opened firm,
with July a shade to &c higher at S7dS7isc
TO S7Ac. Cables, however. were weak.
and it was not long before sentiment
seemed 10 change in regard to the
weather. Wheat was at first regarded as
bull factor became a weakening infiu-
ence. Some of the big operators had
wheat for sale on the initial advance. II
was principally long wheat and the SELL
ing was done seemingly under the i'm
preston that the situation warranted a
decline. Crop reports from two private
authorities were bearish, showing an
improvement in the condition of the
growing wheat. For a time there was
quite general selling, under the influence
of which July reacted to S61z@Ss9sc. Later
In the session the market had a quick
recovery A cold wave was predicteu
by the weather bureau, and reports Wee
received sta ting that the temperature
had dropped below the freezing point in
northern Kansas. Advices from the
northwest were extremely bullish, heavy
snow was reported to have fallen in the
Red river country. An advance of lasc
at Minneapolis helped to stimulate the
demnad for wheat here, unusual activity
resulting during the last hour July
sold UP TO Ss1sc and closed strong at yfa4
QS17sc. May ranged between 94asc and
0oi4c. and closed at 951sc. Clearances of
wheat and -four were equal to 101. 800
bushels. Exports of wheat and -four for
the week as reported by Bradstreets
were equal to 1854 coo bushels. Primary
receipts were 359.600 bushels against
holiday last year. Minneapolis. Duluth
and Chicago reported receipts of PA cars,
compared with the holidays last week
and a year ago.
Unfavorable weather for the movement
caused firm opening in corn, but there
was a strong disposition to sell at the
improved prices and with lutte support
the market soon weakened. July opened
14tG3sc higher at 511aN517sc. After selling
between 51hc and 52lsc the close was at
511Sd5l4sc. May ranged between 531sd549sc
and closed at $3.50. Local receipts were
40 cars with SO of contract grade.
oats were strong on local buying and
on covering by shorts. July opened Uni
changed to asc higher at 3734G377s, sold
between 37a. and 3Sf.c and closed AT 3S2sC.
Local receipts were Go cars.
An increased investment demand was
largely responsible for a firm provision
market. Small receipts Of hogs and late
frmness in grains were instrumental in
bringing out the improved demand. The
market closed firm with July pork 10d
PIC higher. at sl2.s5d12.s715. July lard
was up 10c, at SC. 92i2 and ribs sc, at s6.S5.
Quotations We're as follows: