The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1901-03-26
DAYS GRAIN MARKET
Corn Becomes Chief Support
of Other Grains.
WHEAT CLOSED LOWER
Provisions Show Closing Rally
and Big Advance,

Chicago. March 25.-Corn took up the
strenuous life today and not only closed
5sas4c higher, but formed the chief sup
port of the other grains Wheat, how
ever. closed 14a@sc lower and oats un-
changed. Provisions showed a closing
rally Of 123k to SOc.
The corn crowd came into the pit IN a
bullish frame of mind, ana at once began
the strenuous activity which made the
coarse cereal the feature of speculative
trade. May opened I'D higher at 49, to
4lsc. and advanced early to 42c, with but
slight OPPOSITION New ground being bro
ken, bears offered wheat looked like the
whole crop but the ranks of the bun pro-
fessionals armed shorts. and a good force
or out-of-tOWn traders absorbed every
thing with an easy nonchalance which
soon had the effect of again reducing the
opposing pressure. May, with scarcevl
any reaction, climbed to 422sQ421sc and
closed strong. ss09sc over yesterday. at
424sc Despite the scarcity of OFFERINGS
at times, the volume of business as a
whole was heavy. The secret OF the days
trend OF prices lay in light country offer-
ings. unsettled weather, light receipts.
and in the belief that only small stocks
are now held at c0uatry railway sta
lions, while farmers are already too busy
with spring work TO haul more corn 10
the cars. The visible increase of 5f4e0
bushels was too small an addition 10 the
moderate stocks 10 check bun enthusi-
assn. Primary receipts were 527 no bush
els. against lbs 900 bushels a year ago
Local cars We're 80.
Wheat opened firm on higher cables
ana moderate worlds shipments. and was
sparingly offered during the first hour. a
strong contingent of active local traders
OF optimistic temperament attempted 70
create q feeling of strength but the mild
spring weather, liberal receipts and lack
Of viEor in the export demand were fac
tors against them and. having opened 4k0
= cent higher at fbss 10 fo-. QI62sC, sagged
during the forenoon to l5s 5sc. The
cora strength and heavy seabosrd clear
ances caused covering by Shorts under
which May later rallied 60 761lc, out plen-
ty was for sale on the rally and NAV
sagged OF to 75s4 u s5'sc, and closed
easy, 4 TO sc lower, at Is &c The mar
ket IS a whole was dun and local The
visible decrease was only 4.2 1H0 bushels
which was not encouraging from buH
standpoint. Exporters reported IS loads
taken. 4Q9o0 bushels being sold here. sea-
board Ciearauces were SIS Geo bushels.
while primary receipts Aggregated 515
bushels. compared with $4,000 bushels
last year Minneapolis and Duluth re
ported 621 cars against ls I1sr week and
-5I year ESQ. Local receipts were Al
cars. g Of contract grade Wo-d ship
rnents according TO board 20 trece tx
ures. we're 7s3e3 bushels, compared
with -.FS 20 bushels the previous week.
and s.5s5la1 bushels ths responding
week year ago. Wheat and 6olr OF
ocean passage increased s5 9nl bushels
oats were 50 duil and heavy that ali the
corn strength could accomplish was q
hold This neglected market stable 2aE
sold between 247s -5c and ztzc and closed
unchanged * -sc Receipts we're ~
cars
Provisions were rather gu'et but had a
strong ur}erl0ne throus h1at. although
prices were slightly easier 2l The opening
under the influence Of hog receipts. which
were 5000 Ereacer tha1 had been eN-
pected 4le corn strength Eo1l c1sl
dmand ana 5000 support trou packers
c1uureracte1 this. however zc1 q rE
from the recent decline resulted. There
- IS fair auoGut q luylrg ol Aay G7rS
on the theory r1at reaction was ta
May pork sold between $3.50 cr $5
and closed BIC higher 81 }5t Mar lara
between SIS ard q 1 clos1E i-c ~.
81 SS.as and Nay rihs between 8 s- AID
gGSe, Vila The close --c Improved
Estimated receipts tsu-row wheat.
IS cars co-- cas CATS crs
hogs. = ~ head
GRAIN AND PRODUCE MARKETS.