The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1901-03-14
PROVISIONS 60 UP
Closed Over Sixty Cents Above
tuesdays Quotations.
WHEAT CLOSED HIGHER
Crippled Wires Responsible
for Dull Trading,
WHEAT CLOSED HIGHER

Chicago, March 13.-Aggressive bullish-
ness in provisions made that market the
conspicuous feature on change today.
The cereals, while quiet, and at times
inactive. were firm, partly in sympathy
with hog products and party on the
buIlish average Of the routine news. May
pork closed 621sc higher; May ribs Pic
up, and May lard 15q171zc improved. May
wheat closed 1aQ5sc over yesterday and
corn and oats VII a gain o. &c in each.
The provisions market assumed the
leadership Of the markets at the start,
displaying marked activity at the top
of the gong. By its bulge today May
pork shows a rise of $50 since ten
days ago. The opening ADVANCE was. based
on light hog receipts and higher prices
IN the market at the yards A heavy
general demand existed throughout the
day. Struggling shorts who had hoped
against hope for a reaction, covered at a
loss, with the result that the market,
having made its advance during the fore
noon, held at It's best during the remain
der of the session. The market was at
times extremely nervous under a scarcity
of offerings and such sales a S were made
came from profit-taking longs Hog re-
ceipts have been on a diminishing scale
III tItA t4clJ dl4A pAA-SS c1t TIC 81 tA9 cl4
above the parity Of the manufactured
product, making it more profitable to
buy in the pit for future delivery than
to buy and kill and pack the hogs. May
pork opened at 1917 TO $15.0215. and adj
vanced to So 521a, closing at that figure,
6212c over yesterday May lard sold be-
tween s7.621A and S7.721A. and closed 1212c
up, at 81 .721a. and May ribs between $L371A
and $3.50, with the close Is to l712c i'm
proved at 81. 471AQ7 90.
Wheat was dull, but firm. May opened
&c higher to unchanged at 1915 to 75c. I'm
der the influence Of firm late cables mod
crate receipts, unsettled weather, heavy
seaboard clearances and in sympathy
with the provisions strength an advance
to 1890 followed. The demand was most
~ local and not large, but offerings were
scarce For half an hour the market
remained at a standstill on this advance,
there not being a single quotation. Re-
ports of export engagements aggregating
81 loads caused covering by shorts late in
the session and further advance to
755sc followed. The close was firm. May
15QSsc up, at 7515 Q753sc. A blizzard in the
northwest Frustrated more wires and as
this shut off many orders the weather
was, to quite a degree, responsible for
the dizziness of trading. SeabOard clear
ances in wheat and -four were equal to
go, 600 bushels, while primary receipts ag-
gregated 608,O00 bushels, compared with
100000 bushels last year. Local receipts
We're Sc cars, Of contract grade Min
neapolis and Duluth reported 327 cars,
against 277 last week and 652 a year ago.
Corn was quiet but firm, under the
influence of unfavorable weather and in
sympathy with the provisions strength.
Al times there was fair outside demand,
led by St. Louis, but the bulk of thu
days business was of Importance only
within the limits Of the pit. Receipts
were 262 cars, SO of contract grade. May
sold between Il and 1850 and closed sc
higher at 41M0412sc- Covering of July by
shorts brought that option within ls0Lc
OF the May price. A scarcity Of cars
shut off shipping business here but
exports reported twenty loads taken at
the seaboard.
oats We're dun but firm, in sympathy
with corn. There was a fair outside de-
mand, but it was noticed that some of
yesterdays buyers OF short oats were
putting them out on the advance to-
day. May sold between 249z Q251sc and
closed sc higher at 25q251sc. Receipts
We're 1873 cars.
Estimated receipts tomorrow: Wheat,
80 cars; corn, go; oats, Us cars; hogs,
$1,000 head.