The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1904-04-03
FIRMNESS IN WHEAT
Large Decrease in Worlds
Shipments Helped Prices
CORN AND OATS STRONG
Provisions Showed a Frac-
tionaI Gain in Values.

Chicago. April "A large decrease in
worlds shipments helped cause nrmness
in wheat today, the close showing net
advance of &c Corn made gain Of
21zG71zc 4 l.
Before trading began in the wheat pit
news from across the sea was scant ow-
ing to foreign exchanges being closed
About the Only figures of any conse-
quence were those of Bradstreets showing
a small shipment Of wheat and -four. In
der the influence of the decreased move
ment a firm tone prevailed at the open
ing July being up 1s@%sc at S724dSSc. The
market became still stronger in sympathy
with strength in corn and oats. Shorts
who did not care to carry lines over sun
day covered freely Prices responded to
the demand and advanced easily. July
selling up to SS14c. Great preponderance
of shipments over receipts of wheat at
ST. Louis and Kansas City was also bull
factor. Receipts at the two points
amounted TO only $500 bushels and ship
nlents to $4,000 bushels That feature of
the situation. combined with the fact
that everywhere throughout the winter
country millers We're putting premium
on milling grain aided in giving a strong
undertone to the market. Toward the
latter part of the session, however. SEN
timent temporarily changed TO the bear
side. A reaction occurred in coarse
grains which induced considerable selling
of wheat. Private crop reports gave in
dications of a fair yield and this in
formation brought out additional sales
Under this selling July declined to s7Ssc.
The market rallied again just before the
close. a firm tone being manifested. Final
figures on July were at S7a.Q7sc May
sold between 9524GS63sc. closing at 961%c.
CleGrances of wheat and -four were equal
TO 331. 200 bushels. Primary receipts were
634 900 against I'll 200 year ago. Exports
of wheat and -four for the week as shown
by Bradstreets were 1857, 600 bushels.
Minneapolis. Duluth and Chicago report
ed receipts of 40 cars against 220 cars
last week and 259 a year ago.
Sentiment in the corn pit was buliish
due to renewed purchases by a hig holder.
Small receipts and an improvement in
cash demand were additional factors.
During the early part Of the session offers
were comparatively light but late iii the
day considerable long corn came out from
small traders causing a recession from
the high point Offerings were well taken
however and the undertone continued
81 cong. July opened Ld$sc higher at
53l4c. sold between 5Si4@'sc. and 54c. and
closed at o524c. Local receipts were 234
cars. a u 4
The feature in trading in oats was COW
ering by local shorts. Offerings were
not large. and a firm tone prevails. AZ
ter opening 1sc higher at 391ac. July sold
between 39ssc and 4Oc, closing at 1850. Lo-
cal receipts were 1sI cars.
Provisions were strong on an active de-
mand for all products. The interest of
trading centered in pork, there being
heavy buying in that product credited
to eastern traders A small run of hogs
and an advance Of 10 to loo in prices at
the yards We're early bull factors. while
the strength in corn was an influence
later in the day The market closed
strong with July pork up 171.c at l4.521zc
July lard closed 214d5c higher at s7.171hG
40. Ribs were up 21ac at $40
The board will be closed Tuesday, cleo
ton day