The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1897-03-20
GRAIN AND PRODUCE
PRICES ON THE CHICAGO BOARD OF
TRADE IMPROVE

Wheat Is Most Active of the Co mmodities
Dealt In and Shorts Cover Late in the
Session on Heavy Export Business and
European War News of Various Sorts
May Closes Is Cent Higher at as Ceuts
Bid-Corn Firm and Closes Highcr-O Oats
Slow, But Firm With Wheat-Provis.ons
Active, Firm and Higher.
Chicago, March 19.-Prices on the
board of trade showed general improve
Wheat was the most active and shorts
were induced to cover freely near the
close OF the session on reports Of heavy
export business at the saaboard and
varied assortment OF war rumors from
the continent. May wheat closed rs
cent higher. oats 1-SI1-4 cent higher AMI
provisions i-2 cents higher.
Wheat opened a. slight advance up
on yesterdays closing prices, the de-
mand a: the immediate start being more
urgent for May and July. It might per-
haps be more correct to say that there
was more pressure 10 sell the later de-
livery a. that time. The extra pressure
on July w:Gened the difference between
It and May from 1 cent per bushel. as
az thee lose of yesterday, 10 l IL cents
above a half hour after the trading be-
gan this morning. The opening advance
had in the time mentioned been trans
formed into Slight decline in May and
a somewhat decided drop in July, cor
responding To the widening Of the spread
referred to. The initial advance was
caused by Liverpool quoting an advance
OF I'D per Genital which it was conclui-
ed must be because OF better consump-
tive demand in the United Kingdom,
seeing that there had been no encourage
ment from here the day before. The
spread of weakness which succeeded the
light raise a the start was al first more
the result Of the action of few heavy
local scalrers than of further news. In
the course OF an hour private cable
gram reporting: Lad of the opening ad-
vance al Liverpool lost, helped the peo-
pie who nan espousad the bear side. May
got down 20 70 IS cents, and July TO
II 1-cUI2 IS cents, and after recovering
Is cent trade almost died out for a time.
May wheat was noticeably scarce when
wanted anG the demand for it was slim
ulated by the arrival of export business.
New YORK reported thirty-one boat
loads sold for foreign shipment, all but
six loads, however, for May-June ship
ment. Here 1900 bushels were sold for
shipment 20 domestic millers, while the
early short sellers bid actively for May
and near the close that option brought
rs IS cent. May opened 1-S@14c high
er al "a 1-4G3-S cent, sold at "A 3-S cents,
declined TO 20 IS cents, advanced to 70
Is cents and closed al 70 cents bid.
Corn was finn from beginning to end.
The continued large clearances from the
seaboard, which, although an every day
occurrence now for some weeks. are
pheromenally large as compared WITH
any previous season, helped the price
considerably. The reported exports to-
day were almost 1 200, 900 bushels. May
opened a shade higher at "a rs cents,
soid for a moment lie cent lower, then
hardened and was around % cents in
the last half hour, but reached % Is
cents finally and closed with sellers at
that and % cents.
Up to within a half hour Of the close
oats were slow and no news of any ac-
count developed. The feeling early was
inclined toward easiness, but firmed up
! later, when wheat did likewise. May
started unchanged al II Ia cents, sold
TO j. S-S617 IL cents, and closed at the
top price.
Provisions rcera fairly active and firm
Packers were said TO be quite heavy
sellers of ribs through brokers. May
pork, May lard and May ribs each clos
ed az a gain Of IL cents.
Fascinated receipts for Saturday:
Wheat IS cars; corn 1S5 cars; oats 10
cars; hogs 1900 head.
GRAIN AND PRODUCE MARKETS.