The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1901-03-07
ANOTHER DILL MARKET
The Day Opened Well but
Could Not Hold Up.
WEATHER CAUSES FEAR
For New Wheat Crop but Had
Little Influence.

Chicago, March e.-Taking It as a whole
the day in the grain and provisions mar
ket came close TO yesterdays record in
the matter of dullness. The former mar
kets tended down some strength early,
wheat closing unchanged; corn a shade
lower and oats szc depressed. Provis-
ions closed shade to nc higher.
Wheat started with a good demand
from shorts and commission houses. the
market being Influenced by a 4harp ad-
vance at Liverpool and still felt the i'm
| petus which the market gained on the
! curb yesterday after the close. This
strength was due TO a sudden fear that
| the cold weather had done, or would do,
severe damage to the infant crop and as
| the weather was still frigid today, tie
/ influence remained as a comfort to the
/ bulls, although the bearishly inclined
| spectators smiled at IT, May opened
! 4 to sale higher, at 755s TO 75Q l61sc,
and sold TO 76lAc before shorts felt them
I selves secure. This bulge might have
/ been larger had not an elevator concern
which recently had been friendly to
/ higher prices, dumped a million bushels
( into the pit so openly that the talent
was bound TO pay attention. The market
I reacted to 76c during the forenoon, and
there he'd steady for some time, more
/ from lack Of selling pressure than from
I any demand. In fact, there was scarcely
any pressure either way The lack Of
outside demand later caused a further
/ decline on a very dull market and the
! close was easy. May unchanged at 1850,
bottom price for the day Primary re-
ceipts were 60,000 bushels, compared with
$4,000 bushels last year, while seaboard
/ clesrances in wheat and -four were equal
to $4,000 bushels. Local receipts were
50 cars, one Of contract grade. Mime
apods and Duluth reported 27 cars,
against go last week and go a year ago
AS to the effect of the weather on the
crop, there were a few reports from the
wheat belt that lit was feared the cold
snap would injure the wheat" but as
a matter of fact it IS pretty early to
tell anything about 1t. The crowd in
wheat is waiting for actual developments
and this accounts to considerable de-
gree for the dizziness Of the trade. THE
cash market was duh and exporters re-
ported only four loads taken.
Following a brief period of moderate
activity at the opening, the corn mar
ket ruled dull and featureless Bears
recently have done some selling on the
cold weather which, according to their
calculations, would have increased coun-
try offerings. The farmers, however, were
today reported as still clinging tenacious
ly to their property. Shorts were alarm
ed at this, and being also influenced by
the wheat strength. covered at the open
ing. Lack of outside orders and the
apathy of the crowd caused a little sell
ing later, and as there was almost no
demand, prices eased off and the close
was rather easy. May sold between 411s
G4lkc and 40szc, and closed a shade lower
at 0sld407sc. Receipts were 22l cars, 8
of contract grade
Oats were less duh than wheat and
corn. The market opened steady in sym
pathy with its neigh0ors Selling be-
lieved to reflect freer country accept
ances soon began, however, and tired
longs also let out considerable quanti-
ties. At NC decline the market received
good support for a time, but was pressed
still further by unloading longs and the
close weak May sold between 251@Q255sc
and 251sc, and closed &c lower at 251sc.
Receipts were 159 cars.
Provisions We're dull but firm on light
hog receipts, although prices at the yards
were lower. A demand for pork Offset
moderate selling of lard The cash sit~
uation remained firm, but very slow
OIay pork sold between S14.T15 and Sl4. %
and closed TIC higher at S14. z215; May
lard between 81. 45G97. 471b and 81 az, clos
ing a shade up at s.. 45d7.4715, and May
ribs between 1918 and S7.10q7.121e, with
the close SC up. at $40
Estimated receipts tomorrow: Wheat
d cars: corn. go cars; oats, 80 cars;
hogs, 10000 head.