The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1894-03-27

CHICAGO. March 2e-Wheat went up with a
ppurt today because of the energy the weather
had shown since Saturday and the result was
an early gain of ~ cents for May. There was
free selling at the advance, however, and after
q nervous, unsettled session, May closed =
cent from the top, but with gain since Sat
urday of cent. Corn and oats were a shade
hrmer in sympathy, and made a gain of
about Is cent each. Provisions ruled dull but
hrm at somewhat higher figures than Satur-
days closing,
The severely cold weather lead with consid-
srabie effect today upon the wheat market
all doubts about the growing wheat having
been jointed We're SET at rest as soon as the
market opened. In fact from the lively leaps
that portion of il which was exposed In the
trading pit took at the start. the operators de-
rlared 1t double iointed. The effect of the
weather did not affect all constitutions alike
home OF the shorts were rather inclined to
make light oft and refused to be frightened
into covering. Others, however. We're thor
oaghly Hlarmed and bid from aS31 to 50 cents
LOT May wheat. as compared with 575z sellers
al the close OF the market On Saturday IL
reacted to 5Sa4 cents and rose again. reaching
5s14 cents, al within the first hour. Trade
during the time referred to. Was active with
orders from outside quarters In the south and
southwest where the wheat was presumed TO
be most seriously frost damaged. The actual
extent OF the injury done to wheat. II was gen.
sraiiy conceded. could not be definitely ascer-
tanned until future warm weather should re
veal IL.
In addition to the frost scare the receipts
We're light. Chicago got sixty-one cars, Min
neapolis 26l and Duluth nineteen The re-
ceipts on the corresponding days OF last year
st the same places were respectively eighty.
eight 23S and sixty eight cars. The visible sup
ply showed a smaller decrease than the aver
sge OF the previous guesses. The decrease was
!,osouO bushels, leaving - 163. 900 bushels still
IN the visible supply. There was a dec rease on
the corresponding week a year ago of $4,000
ooshels. 1t was estimated the amount on
ocean passage for the week tomorrow would
hnC the impossibility ofestimating how much
vi any, damage had been done to wheat bv
.ne irost made the market rather inclined to
weakness Ia the last hour ofthe session Nav
cents. - ~ /o
There was no life in corn except what was
INJECTED into il from the wheat pit That was
suinclent 10 add q cent to Saturdays closing
prices at the opening, but dropped off to about
sne previous trading days closing prices, but
nrmed up once more on the moder ate esti-
mated receipts for tomorrow and a decrease
IN the visible supply. May opened at 81.
Cents, sold off to 81 cents bid and recovered
a2aln TO ~ cents closing at 371s to BIZ cents.
Oats We're In fair demand and offerings were
only small. This, with the firmness I'm wheal
and corn, caused higher prices in oats. May
started Il cent from the last uuotat foE Satur-
day, sold at 3l1s cents and then, Influenced by
the increase OF 202,03O bushels shown in the
visible supply of oats, declined to 3O34 to 307s
cents. 1t rallied again slightly and when thu:
session ended 500 hts was bid
The provisions market was quiet but main |
famed an undcrtone of firmness, closing with !
" cents gain over Saturdays closing price for
May pork and lard, and cents higher fol |
May ribs Lard was influenced TO some ex- |
tent by the premium OF 20 cents the month |
brought over TO the May delivery. Steady |
prices in the yards and the strength in the |
grain markets helped the prices.
Estimated receipts for tomorrow: Wheat IS,
head.