The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1894-03-10

CHICAGO, march 9-The principal specula-
tive markets were all weak TODAY. Wheat
took the lead, but corn, oats and provisions
eacn In their turn challenged the leader and
they all. with the exception of wheat, came
IN punched together at about the bottom of
the days course. Wheat closed at a recovery
OF % from the lowest point touched today. but
e cent lower than it closed yesterday. Corn
and oats We're each u cent lower and pork 20
cents lower
Fear that the governments estimate of
wheat In farmers hands would exceed IOO
o0OO bushels was the principal reason for
the weakness In the article. The market
acted weak during the greater part of the first
hour. Inc weather was fine and with plenty
OF moisture In the ground nothing more could
De desired for a splendid start for the winter
wheat, and the prospective seeding of the
spring crops. That was the only element of
weakness in the influence that came upon
Inc market at the opening When the figures
representing yesterdays Atlantic seaboard
ciearances began to be received, the earlier
weakness was practically overcome When the
totai OF the exports from the four principal
Atlantic ports was found to amount to nearly
bOO.O0O bushels in wheat and flour decline of
Is cent, which had occurred from the highest
point touched at the opening, was recovered
Inere were a few sales of May at 60 cents at
the start, then decline to $685. followed bv a
recovery to 90 cents before 10 clock sale
pf $1,000 bushels of No. 8 red winter, by a local
handier OF cash wheat. to an eastern firm at
- cent higher than was procurable three or
TOUR days ago, when May was quoted cent
ABOVE The present price ruling this morning.
was likewise factor in creating more conf
cence. Closing cables were weak; Liyerpool
Antwerp and Paris all sending lower quota
tions. This resulted in another weak spell i'm
the market here during which the price for
May declined to 591s. but on some fresh ex-
port business being reported from New York,
the market recovered some and closed at 59i4
to 1915 cents
Corn was fairly active and steadv for about
I'VE minutes after the opening, but later on
participated in the weakness in wheat, The
receipts were only 2cs cars and the estimates
tor tomorrow only 2O6 cars. The Liverpool
market was quoted firm and Ii pence higher, !
sne the clearances reported from the sea- |
BOARD were 26l 900 bushels. But Patton Bros, |
Wno mad been conspicuous buyers for two or |
snhee days, were sellers today, and some |
OtRers who had been buyers under what APP |
Po~ed TO be much less encouraging circum-
esances took the opposite course today. The i
epening price was 1878. and by noon it had |
mdted away to 371s. The market was prac-
Scaliy at the lowest point of the day when |
sne session was ending. There were sellers of
Hay at 3.1s.
Oats were also lower. Holders were Offering
re9iy and big business was done. Patton
orQs. and Bartlett-Frazier each sold in the
Of 80, 600 bushels, while Hess
bought fully SOC, 900 bushels Merrill and Ly-
"ns were also free buyers. There was besides
that considerable short buying in
smaller lots. The decline IN val
ueS was principally due to the weakness in
W heat and corn. May opened a shade off
from yesterdays latest quotations at 307s to
81. touched 81 and gradually declined to 3015
1t tas offered at 305s at the close. July sold
from % to 2s.
II was liquidation by longs in the provis-
lon market today. Hog receipts did not ex-
coed yesterdays moderate estimates and the
report from the yards indicated good de-
.and for them at previous prices. There
was considerable break in prices before
shorts were tempted by their profits to come
In 3s buyers. Many stop loss orders on long
stuff were reached on the decline and it was
buying by shorts which prevented the drop
rom being more sensational Baldwin COW
bred from 600 to $500 barrels of pork on the
break and the Cudahy Packing company also
covered a round lot. There was moderate
from the lowest price named which
lhe shorts again took advantage of to put out
heir lines again, and closing prices were near
The bottom. Compared with last night clos
ing May pork is 20 cents lower; May lard, 10
,ents lower, and May ribs, Il cents lower
Estimated receipts for tomorrow: Wheat,
% cars; corn, 2o5 cars; oats, l42 cars hogs,
!. 600 head