The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1900-03-20
PORK MAS PROMINENT
Early Advance of y IL
Cents, and 10 of 1t Held.
STOCKS LOW; HOGS HIGH
Wheat Weak, Losing a Cent
Coarse Grains Lower.
STOCKS LOW; HOGS HIGH

Chicago, March 1s-Pork occupied the
center Of the stage of the board OF trade
today, selling early in the session at an
advance of 219c. 1t closed 10c higher.
Small stocks and constantly advancing
hog prices were features of the strength.
Lard closed shade lower and ribs
shade higher Wheat developed consid-
cradle weakness, partly on account OF
the spring weather in the west, and
closed at a decline Of a cent. Corn
closed &c lower and oats shade lower.
Wheat at the opening was comparative
ly steady. Mild, damp weather was re-
ported from the west, conditions ideal
for the winter wheat, but traders at the
moment were influenced by firm foreign
markets and the heavy cash business
done Saturday May opened unchanged
at 67ss6671ac but offerings soon exceeded
the demand at those figures and prices
began to yield a trife. May getting down
to 6TAo. A short squirt of covering
brought the price back to 6T1zc, but soon
after the market again turned weaker
and declined slowly and steadily within
a few minutes Of the close. The hqul-
dation during the session was not partlc-
uldrly nedVys Out suppOIl WOO 8
prospective buyers evidently being more
Impressed with the favorable weather,
the visible increase and the heavy north
west receipts than were holders Of long
wheat. The decline however, was nol
rapid until nearly noon, when the price
dropped quite fast, May finally bel g
hammered down to 66A Q66ssc. During the
last half hour of the session the demand
improved somewhat, shorts covering and
sold-out longs renewing their lines Nav
advanced to $3.50 and reacted to e67sQ
6S15c, where it closed. Total primary re-
ceipts were 92S 900 bushels. The Wis BILE
increased $4,000 bushels. Worlds ship
ments were put at 7.166.O0e bushels, an
amount considerably heavier than looked
for Atlantic port clearances of wheat
and -four amounted TO $4,000 bushels.
Corn was quiet but fairly steady. There
was quite general belief that important
lines Of long corn were IN process OF
liquidation, but the market was well sup
ported Notwithstanding this and the
weakness of wheat. Country advices
were bullsh. May ranged from 3712 to
377sc, and closed 1sc lower, at 3712c.
Oats were extremely dull all day. There
was some demand for the cash article,
and this served to support futures in the
face of the wheat weakness. May closed
a shade lower, at 24Q241sc.
Provisions at times were extremely ac-
tive, especially so as regards pork. the
demand for that article being heavy and
general. Small stocks and higher prices
at the yards started a buying movement
early which advanced. prices sharply, May
pork selling as high as s11.55, but later
in the session realizing chopped off
good deal of the advance. the decline
being helped along by the weakness o.
wheat Lard and ribs also showed fair
advances at one time but lost them when
pork declined. At the close May pork
was 10c higher, at 81. 42l2; May lard a
shade lower, at s6.12l2, and May ribs IA
shade higher at $6.15Q6. 1872.
Estimated receipts Tuesday: Wheat, 50
cars; corn, 600; oats, 800; hogs, 1850
head.
AUSTRALIANS WHEAT CROP.
Melbourne. March 19.-The official sta
tistics of the wheat crop in Victoria
show only 100000 bushels instead of 81
100000, which was estimated before the
harvest The exportable surplus will be
6,250,O00 bushels, instead of 100000.