The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1895-03-12
PROVISIONS ARE UP
MARKET LIVELY ENOUGH TO MAKE
IT A FEATURE
Pork Jumps from One Price to Higher
with Amazing Nimbleness Till it is More
Thau Half Dollar Higher, and Lard
and Ribs Follow Hand Crcr Hand--
Wheat Early Advances Sharply but Sue
cumbs to Small Visible supply decrease
Corn Firm--Oats DuI--AH Grains
Lower.

cumbs to Small Visible Supply Decrease
Corn FIrm--Oats DuIl--An Grains
Lower.
Chicago, March 11.-After a sharp adj
vance on better cables the wheat mar
ller weakened under the heavy low visi-
bic supply which id not show SO large
a decrease today as was expected, and
May close "a cent lower. Corn stubborn
" went to decline with wheat, declining
Is cent for May, but May oats lost &
cent. Provisions were strong, making
good advances.
The struggle in the wheat pit began
with sellers of May plentiful for mo-
ment at SAYS cents, as against % cents
as il closed on Saturday. In the melee
during the first two seconds, one or two
tons exchanged hands at 5iS4Q Is cents,
but in the next few seconds there was
plenty of buyers at 80. and after fifteen
minutes of rather spirited trading, 5514
cents was paid. Then the market be-
came less active, with some realizing of
early purchases. The receipts al Min
neapolis and Duluth numbered 423 cars
compared with 425 a week ago and sos
on the corresponding day of last year.
The Liverpool market, according TO the
board of trade cablegram has advanced
y pence per Genital cablegram
from Paris to Chicago house read:
Crop damaged by frost; spring seed
backward; think market Will advance"
The French country market, as cabled
to the board, was firm and q centime
per bushel higher. Liverpool ware
house stocks decreased during the last
week 900 bushels. The result OF the
visible supply was not entirely SauS-
factory. 1t showed a decrease of ,04f,-
000 bushels, which was a disappOint-
ment to those who had expected TO see
reduction of 100000 bushels or more.
A report from Minneapolis estimated
the reduction in country elevators at
about 200, 600 bushels. The export clear
ances from the Atlantic seaboard We're
small The decrease in the American
visible supply was more than balanced
by an increase of 1,044, 600 bushels in
that afioat for Europe. The closing
cablegrams showed firmness still pre-
vailing abroad, but the apparent effect
Of the statistical figures reversing the
movement here and abroad, for both
the day and the week, was rather dis
appointing. After they had been ap-
pointed the price of May wheat went
down to 545s cents. 1t became still
weaker as the session progressed, and
half an hour from the close was down
to 541a cents, closing at 545s cents.
Corn was firm, with scarcely d weak
spot from beginning to end. The gen.
orally downward course of wheat after
the middle of the day did not have
much influence on the traders in corn.
They started the market firm at 45&
cents bid and As cents paid at the
same time. Before long they had adj
vanced the price to 1853 cents and the
market closed at 461s cents bid. The
strength resulted from firm ca bles and
light receipts.
Trading in oats was still very dull.
The course of the market was in
huenced by corn. Sales opened at 1895
6D2912 cents. sold up to 295s cents, down
10 29H Q29as cents and rested at 2912
cents. All other futures We're steady.
The provision pit was the center of
business more than usual The price
of pork rose on the first jump from 30
10 20 cents per barrel, and climbed 80
cents more before the shorts and other
buyers We're sa tisfied. The first bids
were at from s11.10 to $l1.15, but before
a second lot could be secured the mar
ket had the bid up another 20 cents, SO
slight Were the offerings. The price Of
lard and ribs rose in sympathy. but in
a less impatient manner. Lard for
May rose to $3.50 and closed at $6.75,
and ribs, which opened at 1855 and adj
Vanced to $5.S0. closed at s5.75. The
closing price of May pork was S11.471a,
"A net gain of 52Ia cents for the day.
Hog receipts, which wereleSS than the
estimate, gave the market its opening
boost and buying by packers, with
covering by shorts, did the rest.
Estimated receipts for tomorrow:
Wheat 20 cars. corn 225 cars, oats 250
cars, hogs 10000 head.
Chicago Markets.
The leading futures ranged as follows:
Articles. Open'g Hight Low't Clos