The Wichita daily eagle., 1895-03-29

and Higher on Light Receipts of Hogs
and Lighter Estimates.
Chicago, March 2S.-Wheat was dun
today but firm the greater part of the
| session on the dry weather. May closed
Is cent lower. May corn closed Is cent
lower; May oats gained Il cent and pro-
visions finished at advances.
The dry weather assumed serious as
poets in the receipts of many OF the
shorts in wheat at the start and their
| nervousness led 10 some liberal cover
ing at the opening. There were sell
ers of May wheat at the close OF the
market yesterday at 5514 cents for May,
but this morning nobody would sell
for less than 5512 cents, and there were
plenty Of buyers At that. The limit Of
price beyond which the shorts were not
inclined to go except upon further COM
pulsion was soon reached at 555s cents.
and having paid that for a few fiVes
they refused to climb niger at that
time The weather bureau here sent
out early intimations Of what might
be expected Of the elements up to FRI
day night and there was no rain in the
prediction. The signal service at New
York and St. Louis, however wired
here that there would be rain in the
west commencing on Friday afternoon.
The latter prediction created less
ominous mood 20 supplant the earlier
fever of the shorts and the price drop
ped back for moment to 55I4 as cents
Apart from the uncertainty OF the Wca-
ther there was nothing in the market
news TO seriously disturb the market.
The receipts at Minneapolis and Du-
luth We're 245 cars against 255 year
ago. The total receipts a primary mar
kets amounted to 900 bushels COM
pared with 254 600 on the correspond
ing day the year before. The export
clearances were equal in wheat and
-four to $4,000 bushels. of which 229, 600
bushels was in the shape of wheat.
The foreign news was InconSequenJial
Liverpool was quoted a tTifie higher
and Paris and Berlin a shade lower.
A New York dispatch said that advices
from Argentine We're to the effect that
the crops of that country had been dam
aged by rain. May wheat dropped 10
54's cents about half an hour from the
close. Covering purchases amounting
TO perhaps 1000 900 bushels made by
Partridge, caused a recovery from the
last named quotation and the latest
trading was at 551s cents.
The corn market was dull without
any very noteworthy features. The
primary market receipts today amount
ed 10 10000 bushels against 3S4,OCO
bushels year ago. The advance Of
the price for July delivery as compar-
ed with May, which has been in pro-
gress for d few days, indicates that
the longs are changing their deals
over into the latter deal. May corn
opened at 46si cents and the early
firmness Of wheat helped to sustain
it at close to the opening quotation for
some time. but subsequent weakness
in wheat caused a corresponding feel
ing in corn and the price declined to
46sGH cents about forty-fve minutes
from the close. The latest trading was
at 46Ss cents.
Oats We're fairly active There was
good buying early and prices were
firmer. Later, however, orders We're
evidently filled up and with a slack
demand and a weaker feeling then
prevailing in corn, the strength gave
way to d decline. The lowest price of
the day nevertheless did not reach be
low yesterdays last quotation. May
sold between 29S4 cents To 292s cents
and closed at 29@s cents. July ranged
from 291s cents to 2S34 cents and rested
a - cents. The principal feature TO
the market was the urgent demand for
cash stuff for shipment.
The provision market was strong. It
opened higher on the hog receipts
proving 10 he 10000 head less than had
been estimated and on the expectation
that 1900 viii be about the size of to-
morroW's run. TOdayS receipts We're
10000 head. Sellers were timid and
shorts rather more inclined to buy than
TO increase their lines. May pork open
ed at $3.50, sold as high as $3.50 and
closed at Sl245 bid; 121s cents higher.
May lard opened at $40 as against
S6.9715 at the close yesterday and closed
with sellers at $:0712. Ribs opened Is
cents up and advanced az cents more,
and closed with a net gain of ~ cents.
Estimated receipts for tomorrow:
Wheat. 30 cars; corn, $50 cars; oats, 107
cars; hogs. $4,000 head.