The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1894-03-21

CHICAGO, March 20.-Wheat was 1uiet but
firm today, closing Il cent higher after a range
fonly half a cent The prospects of a cold
wave fairly liberal clearances and the small
total afioat for Europe helped the price, while
the warm rains, lower cables, and free selling
on the hard spots, prevented a marked ad-
vance. May closed only u cent from the top.
Corn was strong and towards the close of bus
iness was very strong with net advance Sc
cured in corn. of half a cent and q to Is cents
In oats. Provisions made a fair advance
early but lost nearly all of il before the Close
The developments of the market news dur
ing the afternoon averaged more favorably
for wheat bulls. The price after hanging for
over half an hour within Lie of the closing
auotation of the previous afternoon, began to
respond slightly to the few bullish features of
the mornings news. There was no encour-
ment in the early cablegrams, which reflected
the previous days weakness here. The mort h
western receipts were a little lighter than on
the day before. The reports from Missouri,
Kentucky and Tennessee said that wheat
was jointed and therefore easily susceptible to
damage from late frosts, should they occur
and the weather bureau here coming out with
prediction ola cold snap, caused enough
apprehension among the shorts to induce
some cautious covering up of their exposed
contracts. The New York clearances of yes
terday were quite liberal of wheat and flour,
which likewise helped the price a little when
reported. The total put afioat for Europe was
b,6S2, 900 bushels, which is at least 100 600
under the estimated weekly requirements of
the importing countries. Under the com bined
influences of the foregoing, the price of May
wheat rose from 5734 cents and 577S cents,
around which it had been playing for half an
hour, to 5S1z cents Business was rather light,
principally on local account, but with some
trade from New York, chiefly in the way OF
buying, and with some orders from st. Louis
on both sides of the market. Bradstreet's
usual weekly estimates of the changes in
warehouse stocks throughout the world from
Europe gave a total decrease of !. $4,000 bush
els. The same authority estimated the de-
crease of the week preceding at SIS 600 bushels
There was a continuation of the inquiry for
cash No. 2 spring wheat here with $1,000
bushels reported worked by Boyden & Co.
early in the session. 1t was said there were
o~ders in the market here for over 50O.0OG
bushels Of No. spring, at half cent under
the price for May, which so far the buyers
had not been able to secure at that limit
The closing cables brought slightly lower quo
tations and the price almost stood still at 575k
cents for forty-five minutes near the close
The closing price for May was 575s to IS cents,
and for July 59s4
The corn market was firm and made slight
gain. The Liverpool market was quiet at IA
slight advance and the estimated receipts for
tomorrow show a large reduction from the
recent average. There was also brisk de- !
mand from shippers. The opening price for |
May was 567s cents and gradual advance TO |
ga cents took place. The advance was well |
maintained throughout the session.
A fair amount of business was transacted in |
oats at higher prices. The firmness in corn |
and stronger cash market were favorable in |
the slight strength that developed
early. May started x cent up from yester-
days latest quotation at 3O1s cents, and sold
up to S03s cents. Toward the close the mar
ket advanced To 307s cents and closed with
sellers at S034 to 1919 cents. The late advance
was caused principally by Darlington Hannah,
who bid the market up TO S05s cents when
shorts were bidding freely.
The provision market was firmer at the
opening, due TO the eceipts ofonly 1900 hogs,
whereas q, coo had been the previous estimate
There was some further advance following
the gain at the opening, but packers showed a
disposition TO sell at the better prices. Wooten
was among the more prominent buyers of
pork early In the day. Armour Co. later on
were sellers of ribs 10 moderate extent and
Beasley was buyer, for the Cudahy Packing
company, 1t was thought. Pork was relatively
firmer than lard and ribs
In lard there was slight pressure TO sell as
the market was coming to close for the day
and all previous advance and 215 cents be-
sides was lost. Pork, after gaining Is cents,
closed with the modest advance of cents: |
ribs, alter rise of q. cents. left off at yester-
days closing quotations for May.
Estimated receipts for tomorrow: Wheat
y cars; corn LOO cars oats l5O cars hogs p, 900