The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1900-03-27
CORN MARKET HADS
May Closes 3-0a1-2 Cent
Over Saturday.
MAY WHEAT 1-8 DOWN
Oats Unchanged and Provi-
sions Fairly Soaring.

Chicago, March 25.-The corn market
was broad and aggressive today, leading
the other markets, closing strong, May
2s47zc over Saturday. Wet weather and
small stocks were factors. From the top
the market yielded on the heavy receipts.
Wheat was influenced considerably by
corn and provisions. but succumbed fl
nally to the bearish statistics, closing
weak. May &c down. The provisions
market went soaring because a large de-
mand met with scant offerings, closing
from sc higher for May lard to 20c I'D
for May pork. May oats at the close
were unchanged.
The corn market early assumed a COM
handing air on the floor. of Change and
held 1t by virtue of it's strength and
activity, from which the other pits were
glad to borrow. Wet weather in the
west and the small stocks were the only
available reasops to account for the ad-
vance from statistical standpoint. I'm
doubtedly, however, the buying by CO.
Jerie Of bulls who were not advertising
their reasons, was an influence of impor-
tance. There We're plenty of men whose
eyes are on the crop and supply stu
alton, to aver that the present stocks are
equal to the demand. May opened a
shade over Saturday at 3724 4377sc, and in
a moment Of abstraction the market
touched 3724c. Then it gave a startled
jump and in the course of an hour had
clambered to 3Ss4c The bulge met with
heavy prof1t-taking, but the price was
holding fairly well against this when
western reports having dribbled in. show
ed receipts aggregating 1,l52,000 bushels.
and this on top of the daily reports which
have recently been harping on the light
country acceptances. An explanation of
this deluge of corn was that it was be-
ing rushed in to take advantage Of low
rates to the Missouri river which expire
April 10. May eased off to 3Slsc, and
closed strong, ssq12c over Saturday, at
3S1sG3S14c. Local receipts were $50 cars.
The strength of corn was sufficient to
pull the wheat market away from the
bearish clutch of the big increases a1oat
and in worlds shipments, but the down
ward tendency Of the market took the
fullest advantage Of the reaction in corn
and closed weak. Gables wer firm. but
the export demand was not very encOur-
aging Provisions as we'll as corn were
some support. May opened a shade over
Saturday at CO.'S d6j%4c touched 655sc,
and then advanced, with corn and pro-
visions as the guiding factors, to 6614c.
Primary receipts were large, and this
fact, with the reaction IN corn, caused
a decline and the close was sc under
Saturday at S512c. Local receipts were
IS cars, six of contract grade. Minneap-
obs and Duluth reported 731 cars,
against SOS last week and 599 a year ago
Primary receipts were $4,000 bushels
compared with 729,Go last year. New
York reported fifteen loads taken for ex-
port, and seaboard clearances in wheat
and -four were equal to $4,000 bushels.
The provisions market was strong and
active, helped by the corn strength to a
degree but chiefly by the light offerings
which greeted a large general demand.
The opening was a shade to 2Izc under
Saturday in sympathy with weaker
prices at the yards, but the depression
was only for a moment. May pork
ranged from $11.70 TO s12.O0 and closed
zoe up, at $11. 92lk; May lard from S6.17l5
az. 20 to So 2712d 30, closing &c up a s. p,
and May ribs from IS .27720S. 30 TO S.. 4212,
with the close 712G10c improved. at $40.
The trade IN oats was not of import
ance, but the market held firm in sympa- !
thy with corn. The discount between /
oats and corn at one time was 1Hzc-the |
largest so far Local receipts were 321 |
cars. May ranged from 241s02r4c, clos /
ing unchanged from Saturday. at 241sc. !
Estimated receipts tomorrow: Wheat, /
100 cars; corn. 925; oats, 400; hogs, 1880 /
head.
VISIBLE GRAIN SUPPLY
New York March 26-The statement /
Of visible grain IN store and aloat on /
March "a, as compiled by the /
New York Produce Exchange. is as fol- /
ows: Wheat, 54.0So 900; increase, 17T,c0. |
Corn, q, ILL., 600; increase, $4,000. Oats. g. |
'9S, 900; increase, 170,000. Rye, 10000; in /
crease, 24,000. Barley, $4,000; decrease, |
Z, 90