The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1895-03-14
GREEDY FOR GAINS
SELLING FOR PROFITS SENDS
WHEAT LOWER IND WEAK.
start at an Advance, Even Over Tuesdays
Bulge-Govcrnment Crop Report Gets
the Sheer from the Crowd and Liver
pool Ignores It--Paris Reports Cold
Weather and Higher Market--Closing
Cables Mixed-Corn Weakens at the
Earliest Opportunity, Closing Lower
Oats Demonstrations Gain.
bats Lower--ProvisIons Gain.

Chicago, March 13.-Wheat did its
I best to score another advance, but.
loaded down by the heavy sales of the
takers of profits on yesterdays bulge
il finished weak with May g cent low
er. Corn and oats Jagged after wheat
May corn closing q cent and May oats
Z cent lower. Provisions went the 9TH
er way, winding up higher all around
Wheat started a a shade advance on
the price il closed at yesterday. The
governments figures on the amount of
wheat in farmers hands had not lost
its effect on the crowd, although very
few took the Washington estima les
seriously. The Liverpool market gave
an intimation Of how the United States
agricultural department was regarded
there by quoting Il decline OF I. pence
in the price OF futures. That was dis
courag ing to the buyers, but Paris ca
bleS quoted the weather cold and the
market firm and higher. London quo
ted everything strong. Minneapolis
and Duluth reported DDS cars today
compared with 277 a week ago and 335
the week before that. Primary west
ern markets received total of 2i0. 600
bushels against $4,000 on Wednesday
of last week The most anxious of the
shorts appeared however, to have COW
cred and the general tendency of prices
was downward during the forenoon.
At 11.i5 o'clock May was selling AT
561a cents. II had opened at from
81 to 56s4 cents and declined to J6l2
cents and recovered again to 81 cents,
previous 10 the 56I2 cents quotation
at the time named. The closing cables
were little mixed. Berlin and Antwerp
are each a fraction lower. with Paris
equivalent to rs cents per bushel for
March and | cent per bushel for the
MAY and August term. Liverpool had
recovered from its opening weakness
and closed at slight advance over yes
terday for futures. The market. how
ever was loaded with long wheat sock
ing a realization of what profit there
was in il, and there was not sufficient
demand from shorts to take II all With +
out depressing the prices. Half an
hour from the close. May had declined
to 56iA cents sellers and finished at
561s cents.
Corn was steady for a minute or so |
at the opening but soon weakened and /
declined. Opening prices for May We're /
ut from 1864 a 465s cents and those were ,
the best prices realized today. About I
half an hour from the end of the ses /
sion the price was down TO As cents (
and in the next fifteen minutes an
other y cent was knocked off its val /
ne. leaving il at 45&4 cents about l /
O'Clock. The shorts Were wanting on /
the buying side. They even had some
of the corn they covered yesterday for
sale again. The Liverpool market was
quoted firm, but there was an absence /
Of all excitement here and the dullneSS
was the general characteristic of the
trade. May closed at ass cents.
oats were fairly active and through
with wheat and corn suffer
I'd a reduction in value. Bartlett
Frazier sold freely and were credited |
with having weakened the market to
some extent. May started at 29& cents
sold down to 29s cents and closed at
29H cents
The provision market was weak at
the opening and closed strong. II was
weak on the receipt Of a, 900 hogs al
the yards and strong when the packers
began to take all the offerings. Armour
&Co-, who We're reported to have been
sellers yesterday. We're credited with
largely contributing by the buying
today to the raise which took place.
The opening price of May pork was
,ll.45 and sl1.7215 and the closing quo
-atiOns, a gain of 22ia cents since last
night. Lard closed ~ cents higher
ana May ribs az cents higher.
Estimated receipts for tomorrow:
Wheat - cars, corn $50 cars, oats 40
.arS bOoS % OOu head