The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1900-03-09
CASH HHEAI STRONG
At New York and Liverpool,
Aiding Chicago.
MAY 3-4 CENT ADVANCED
Corn a Half; Oats a Shade
Good Provision Advance.

Chicago, March s.-Under the inspira-
| ton of cash wheat's strength at Liver
| pool and New York, wheat futures on the
| board Of trade were active and strong,
| closing &c over yesterday. May corn
closed 15c up, helped by a good cash
demand, and May oats ashade higher.
The provisions market closed strong;
May pork 1711G2oc. May lard 5gHzc and
May ribs 715QI0c improved.
At the beginning Of the session in the
! wheat pit there were two considerations
which were shortly Afterwards lost sight
of-easier cables and the Price Current
assertion that the marketable supply Of
wheat was much greater than could be
distributed before new crop. With these
things in mind the market opened easier
May 1sQ14c down at 652s 4651zc to 65120
655sc. The factors in the easiness were
soon eliminated, however, by the strength
of Liverpool for spot wheat, under which
the market here reacted. AS the session
proceeded the bull position was further
fortified by the strength Of New York
for cash, talk of a big export business
fifty boat lOads-which was reported to
have been done late yesterday, and some
unedSinesS over reports of more plague
&c early and chung around that figure
for some time. Near the end OF the ses-
sion renewed buying pressure resulted in
Z Bulge which carried May to 669sc. The
close was strong, May q over yester-
day, at 663s06612c. Atlantic port clear
ances in wheat and -four were equal 10
800 coo bushels. New York reported 3
loads taken for export. Primary receipts
were $4,000 bushels, compared with 69l,
coo bushels last year. Minneapolis and
Duluth reported 524 cars, against $50 last
week and 80 year ago. Local receipts
were % cars, one Of contract grade.
The corn market was strong and fairly
active. The opening was easy. May sc
lower at 347sd35c. in sympathy with the
early dip in wheat, but thereafter the
course was upward. Country offerings
were very light, II was reported, roads
very bad for the movement, receipts mod
crate, while big cash business was be-
ing done here. Under these influences
May turned firm, selling for some time
around 351zq35A. Shippers and provis-
ions people were good buyers. Later in
the session the advance was carried still
further on reports Of an excellent export
demand and in sympathy with wheat
May pushed o TO 3512c, at (which the
market closed, SAFE over yesterday. Lo-
cal receipts were 293 cars, % cars under
the estimate. New York reported 46 loads
taken for export. Clearances were AL, 900
bushels.
Oats were dull but steady with corn,
and closed firm Receipts were moderate
and the shipping demand slow; 213 cars
were received here. May ranged from
23ss to 2312c and closed a shade improved
at 232s d2312c.
The provisions market opened unchang-
ed, but the development of a good cash
demand, both domestic and export, to-
gether with light offerings and the
strength of grain, caused rally and
some activity. Liverpool was Cd higher
for lard and the demand here was espe-
cially good. May pork closed 15G2oc over
yesterday, at so. 712Q10. so; May lard so
TIC up, at S5.9214G5. 20, and May ribs ~
aloe improved at S5.90Q5.92k.
Estimated receipts tomorrow: Wheat,
20 cars; corn, 800; oats, 2l5 cars; hogs,
s. 600 head.
GRAIN AND PRODUCE MARKETS