The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1904-03-29
CASH WHEAT SCARCE
Sample Tables Were Center
of Interest Yesterday
CORN AND OATS HIGHER
Provisions Also Make a Frac-
tionaI Advance.

Chicago, March 2s.-The sample tables
and not the pits were the focal center<
on the board today. Spot transactions
for actual cash largely control quotations.
The actual kernels were said to be scarce
that there was shortage Of seed wheat
in even such typical cold section as
the Red River valley of the North. Com
pared with last Saturdays closing fig
ures July closed at an advance of Use.
Corn IS up 12sQ1lsc. oats show a gain OF
&C and provisions 71zQ20e.
More interest in the wheat market was
manifested today than since prices made
the recent sensational advance. Tbs
tone was one OF exceptional strength with
an urgent demand throughout the enIire
session. Many factors contributed TO the
buIlish situation. The principal features
al the opening were a decrease in world.
shipments. favorable crop reports from
the southwest and firm cables. July SOLD
al $3.50. For The first few minutes pit
traders were inclined to sell but the de-
mand from commission houses and shorts,
was so urgent that the offerings soon be-
came extremely scarce. Sentiment was
materially strengthened by the sharp de-
mand for cash wheat During the early
part of The session there were some sales
Of No. ! northern at these prices but
most of the stock held at l2c premium.
Predictions Of a big decrease in coun-
try elevator stocks in the northwest were
an added stimulus 10 the speculative trad
ing Reports of damage continued to
come in. Prices advanced until late in
the day, when July touched SSlsc. AT
that figure many of the early buyers tooz
profits. The result was a reaction, the
price dropping back about l2c. The de-
cline was only temporary, however, tho
demand being sulscient to cause quick
recovery. Closing prices We're almost at
the top. final figures on July being at
SEA QSS7sc. May sold between 955sc and
97c and closed at s6s+c. Clearances of
wheat and -four We're equal TO 100000
bushels Primary receipts were 169, 600
bushels. against 649. 600 year ago The
visible supply increased 4140OO bushels.
Minneapolis Duluth and Chicago report
ed receipts of 459 cars against 575 last
week and 49S year ago.
Active buying by the leading bull oper-
ator was an important element of the
strength in trading in corn. Closing
prices were at the high point. July OPEN
ed shade to 1<0asc higher. at 55l3a5G2st.
sold between 50ia and 52c and closed at
517sc May closed at 55c after ranging
between 5312c and SOC. Local receipts
were &c cars.
Oats participated in the general adj
vance and ruled strong throughout the
day. Closing prices We're near the top.
After opening unchanged to a shade high
er At 3Sd3SIsc to 3S1sc. July sold between
3S1sc and SOC, closing at Ss4Q3S7sc. Local
receipts were 10 cars.
The action of grains dominated trading
in provisions. \ fair scattered demand
With small offerings resulted in advances
in all products and caused the market to
close strong. Final quotations on July
pork were up 20c at $3.50. July lard was
TIC higher at ,-..2212 and ribs were UP
10c at $7.12t20T171s.
The leading futures ranged as follows: