The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1901-03-27
Days GRAIN MARKET.
Corn Moderately Active Com
pared With Other Grains.
PROVISIONS WERE STEADY
Oats Slightly Lower and
Wheat 3-8 Cents Of,
PROVISIONS WERE STEAD

Chicago, March 2s.-Moderate activity
in corn was in contrast to the qUietness
/ Of other markets on change today. The
/ tone of the cereals was easier, corn clos
ing 1sgAc, wheat 1lg7sc am oats sc
/ lower. Provisions were steady, closing
unchanged 70 nc higher
At the opening the cora market seemed
+ scarcely equal TO the pressure from longs
VINO wished to secure profits. OF influence
! in this condition were easier cables and
better weather IN the west May opened
! Is 70 1gGLc lower, at AK to 42is g4214 C,
and declined during the first hour 10 42c.
/ Offerings at this decline became lighter,
/ and for q time the market ruled dun and
featureless, excepting moderate purchases
! by Phillips, who was reported to be in
q position to control the market. The
selling was general, but in small lots,
much Of it July, which was let out by
st. Louis interests. Small primary re-
ceipts and the continued buying by Phil
lips started shorts TO bidding and as longs
evinced q disposition to hold tight, or
had sold out, the market recovered sharp
" to 1850, the highest price obtained this
season for May delivery. Some sold out
I longs came in again on Inc reaction. This
bulge met renewed pressure from longs,
who had withdrawn on the earlier dip,
and the market again scagged, May clos
ing easy, isu1zc under yesterday, at 42ls0
42lzc. Primary receipts were 431000 bush
els. compared with 939 900 bushels a year
ago. Local receipts were 284 cars, 80 OF
contract grade.
The market for wheat was very duh
and the trade Of a scadling character
which offered nothing of interest. Senti-
ment was still bearish. but the impulse
TO sell was hridled by fear Of bull corn
market Climatic conditions and the
cash situation we're still arrayed against
an advance, accounting for the hunor of
the pit. where small rallies were accepted
as invitations to salp a small profit or
to escape with a slight loss. May opened
unchanged 10 1sc lower, at 1878 TO T524 and
dropped early to 751bc. Business for a
time was at a standstill, but later in SYM
pathy with the corn strength, shorts COW
cred and sent May up TO 75@4c. Follow
ing this and also in sympathy with the
coarse cereal. the market eased and May
closed AQ2sc lower, at 75140751sc Ex-
pOrters reported only loads taken. Sea
board clsarances in wheat and -four were
equal to $4,000 bushels, while primary re-
ceipts were again large, $4,000 bushels,
compared wit t95. 900 bushels last year.
/ Minneapolis and Duluth reported Sos cars,
against 397 last week, and 4S9 a year ago.
Local receipts were 137 cars, 6 of con-
tract grade. Bradstreets statement
showed an increase of $1,000 bushels in
the worlds visible. Aside from Hstless
trading by scalpers the oats market was
entirely overlooked. May sold between
250251s and 247sG725o and closed 10 lower,
at CSC, IN sympathy with corn Receipts
were 32T cars.
Provisions were quiet, but averaged
steady on light hog receipts and higher
prices for hogs The market was a trihe
easier early on selling by commission
houses, but packers took care of the
moderate offerings from this source. The
pressure was mostly on May pork, which.
having opened I0c higher ct $3.50, was
sold down to slo.60. It closed unchanged
at $50. Lard and ribs were compare
lively firmer on local buying May lard
sold between S. 0215 and s. OH, and
closed nc higher at SS.O71a, and May ribs
between s7.95 and SS.021a. with the close
21zQ5c higher, at s8.00aS.021a.
Estimated receipts tomorrow: Wheat.
s. cars; corn, leo; oats, 10; hogs, 1900
head.