The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1901-03-28
Days GRAIN MARKET
Corn Closed Three-Eighths
Cents Higher.
WHEAT ALSO WENT UP
Provisions Were Dull and IT.
regular, Closing Lower.


in which routine news played its part,
was observable in the grain markets to-
day. Corn, which was the most active.
closed Vase higher for May. while
wheat closed sc and oats a shade i'm
proved. Provisions were duu and irreg-
ular, closing PIC higher to a shade
lower.
Trade in corn was active the greater
part Of the session. but the volume of
businesA was smaller than has been the
average recently. The market, however.
showed resumption Of the advancing
tendency, which received something OF a
check yesterday. Prodt-taking was still
against the price, but the pressure was
reduced. On the other hand. there seem
ed 70 be less outside interest in the
market. Higher cables, light country Of
terings almost impossible roads unset
tied weather and a reduction in re-
ceipts, as well as a drop in the quality
OF fresh arrivals, were the factors to
which the basic strength Of the market
was due. May opened shade to EQssc
higher, at 42M042lac and under liberal re-
alizing sales which followed a further
advance to 427s042s4c, reacted to 422 q
4252c 4 report that the bull leader, while
buying openly, was also selling through
brokers, was influential with number
Of traders who assumed a bearish atti-
tude For time on this decline the
market ruled duh, but the light primary
receipts 425.000 bushels. against loss 900
last year-created sufficient apprehen-
sion among shorts to cause q rally to
4z5sc during the afternoon. Longs sold
hberaly on this advance but We're wen
met and the market closed firm, May ia
CSC higher, at 4212c. Local receipts were
152 cars. Il Of contract grade. July ruled
&c over May and shared in the activity
Of the earlier delivery. Activity of short
duration at the beginning OF the ses-
sion and again near the end is inc best
that can be said Of the days wheat trade.
But despite this dullness, which at times
became stagnation, the market exhibited
a firm undertone. Selling May and re-
placing it with July formed a considera-
bic part Of the days operations. ane
frmness early was result Of steady
cables, moderate receipts and unsettled
weather, together with the corn strength
May opened unchanged to 1s0a<c higher
at 151sQ553s TO 1910, and declined early
onselling through brokers to 1885 G7556c.
The corn strength, renewed alarm over
strained relations between Japan and
Russia, and somewhat alarming south
western reports Of damages from Hes
sian fly caused a rally near the end
Shorts covered literally and May rallied
sharply to 76c, and despite prOft-taking
closed firm, sc over yesterday at $3.50
76c. Exporters reported IS loads taken
while seaboard clearances We're equal in
wheat and -four TO $4,000 bushels. Prima-
ry receipts We're $4,000 bushels, compared
with $4,000 bushels last year. Minneapo-
lis and Duluth reported SOC cars, against
20 last week and AZ a year ago. Local
receipts were 70 cars, 2 Of contract grade
The market for oats was dull and uniIn-
portant during the forenoon, with the
tone easier. Late, in sympathy with
wheat and corn, q frIner tone gained a
foothold and with it the dizziness took
flight May sold between 245B and 25isc,
and closed shade higher at 25G25lsc.
Receipts were 115 cars.
Provisions were dun and irregular The
tone early was easier on a drop In prices
at the yards. and the arrival of q greater
number of hogs than had been expected
but prices hardened later in sympathy
with the leading grain markets. Tho
close, however. seemed rather easy. May
pork osld between 15.57l5 and Sl5. 70, ana
closed 215c higher at S15.121a; May lard
and May ribs closed each shade down,
the former at SS.0508.0l12 and the latter
an $500.
Estimated receipts tomorrow: Wheat,
70 cars: corn. 10 cars; oats, 165 cars; hogs,
$500 head.
.., 49, -AAHHN- HsRDl[E--c