The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1901-03-20
Days GRAIN MARKET
Wheat Loses SteadineSs and
Breaks on Liquidation.
CORN CLOSED LOWER
May Pork touches Highest
Price in Months.

Chicago. March 1s.-After holding
steady most Of the day. the wheat mar
ket towards the end Of todays session
broke On Liquidation ard closed &c under
yesterday Corn closed a shade lower
and oats at Ike -ecltne. Provisions
were active, Nay pork touching the high
est price in months, and closing s7ssc
higher. May lard closed z5za5c and 3Iay
ribs nc improved.
May wheat ruled fairly active 81 times.
but generally quiet and narrow. Tbs
opening was sc higher 70 sc lower az
16-z 10 1554c. and II few minutes selling
by longs sent the market 10 use. The
stesGiness az Liverpool II the face OF
the decline here yesterday. together with
moderate northwest receipts. were fac
tors tending 10 support prices and al the
decline there was a fair demand. while
offerings became light May gradually
worked VI &c 755zc during the forenoon
and later rallied an additional 7. Pr
mary receipts were heavy and the cash
demand very slack. ana as a result longs
seized upon the bulge as an opportunity
70 unload more OF their holdings. This
Liquidation was led by ST. Louis Bears
also became more confident II their op-
erations and Nay near the end o. the ses-
sion broke sharply 10 76a765sc and closed
weak &c lower. al 75-sc. eaboard clear
ances were $1,000 bushels, but the Gull
ishness OF these figures was counteracted
0y the primary receipts. which were ISL
CD bushels, compared with $4,000 year
ago Local receipts were 121 cars. 4 OF
contract grade. while Minneapolis and
Duluth reported S37 cars. against So cars
last week and SIS cars the corresponding
day year ago. Oklahoma and Kansas
80 g.
3oyment OF long needed rains.
Unsettled weather. light contract re-
ceipts and the provisions strength were
factors which gave the corn market an
undertOne OF strength. although the
wheat influence cOul- be seen in the at
utude OF many traders. The market was
al its best when wheat was az its high
price and the close showed moderate
response 70 the break IN the neighboring
pit. Nay sold between aesc and Essc
and closed shade down at use. Re
ceipts were SS2 cars. q Of contract grade.
July ruled shade over Nay and seemed
TO be IN better demand than the nearer
futures, which showed its best strength
IN the absence of offerings rather than
in any pronounced readiness Of the
crowd 70 buy heavily.
Trade in oats was OF a scaling char
acter and without Improvement. Nay
sold between "a and sc and closed a
shade lower al &g31sc. Receipts were
"a cars.
The provisions market was the most
interesting one OF the floor by reason Of
the strength and activity OF pork and
the remainder concerning a squeeze" in
the Nay delivery Of that commodity
These rvmors have been floating around
for the better part CT a month dying
out only 10 be revived again. Two In
huential operators, one OF them a packer
are said 70 have control OF the market
The short interest in May pork repre-
sents approximately $4,000 barrels VIE
contract stocks are but 50 .oo0 barrels and
q good part OF these stocks are owned
by one OF the men said 70 be IN the zeal
10 squeeze snorts. The light hog re-
ceipts and continued good cash demand
combined 70 alarm the short interest TO-
day and hog receipts and continued good
cash demand combined 90 alarm the short
interest today, and May pork having
opened 10 70 29c higher az 3l.1I6.1o. was
bid Up b. shorts 10 tI6.s5, the highest
price in many months. Profit-taking by
longs sent the market down 70 s1s IL. but
IL recovered sharply 20 S. S2n and
closed strong. 371zc higher at SIS 271z. May
lard sold between $50 and SIS. and
closed "a to SC up. at S7.S01T 21z and
May ribs between So and $50. with
the close nc better. az & 81
Estimated receipts tomorrow. Wheat.
IS cars. corn. 70 cars; oats. 10 cars.
hogs. = 40 head.
1pATN Ann ppnnEr= AhpNc