The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1901-03-15
Days GRAIN MARKET
Realizing Effected Depression
in Grain and Provisions.
WHEAT CLOSED LOWER
Corn, Oats and Provisions Are
a Shade Down.
WHEAT CLOSED LOWER

Chicago, March IA realizing move
ment on change today effected a de-
preston in both grain and provisions,
prevailing against bulHsh conditions
which were the cause of considerable
strength early. Wheat closed &c lower;
corn and oats each a shade down. and
provisions 5Q71zc to zoe depressed.
Strength and bullish activity, together
with the punishment of shorts in wheat,
came at the opening as a result Of an
advance at Liverpool and the nghtness
Of northwest receipts due parity to un-
favorable weather. May opened Aussc
higher at Csc.
Outside interest and the silent specuIa-
tors who work through brokers in the
majority of cases support the market,
While the crowd which was long sold
literally TO secure profits. The demand
was heavy, however and during most Of
the forenoon the market fuctuated be-
tween 1873 and 75zsQ76c. A good cash de-
mand and liberal ciearances at the sea-
board were supporting influences follow
ing the opening. During the afternoon
the corn break brought additional pres
sure on the market and May was forced
down to 75ssc. The close was heavy, &c
lower at 759sQ751ac Local cash sales
were reported at 16S,000 bushels. Sea-
board clearances in wheat and -four ag-
gregated $1,000 bushels, while primary
receipts were sos 600 bushels, compared
with $4,000 bushels last year. Minneapo-
As and Duluth reported 275 cars. against
441 last week and $50 a year ago. Local
receipts We're So cars, none Of contract
grade.
Corn was very strong at the opening,
and continued so for an hour and half.
Low ~
and under a heavy general demand ran
up to Also. This advance coming on top
of yesterdays gain, proved tempting to
longs. The weather, while unpropitiOus
for the movement, was shown in a bear
ish light by the improved grading of re-
ceipts. Shippers reported that the bulge
had shut off inquiry. May, in conse-
quence, declined to 41zc and closed easy,
a shade lower at 4111c. Receipts were
263 cars, IS of contract grade.
Although the proft-taking movement
in the provisions pit was generally of an
aggressive order, the market was not
forced much below its recently attained
high mark. Lard and ribs were sold on a
liberal scale by packers and some specu-
lative longs, but the trade in pork was
comparatively light. Hog receipts and
the market at the stock yards remained
favorable to the bulls. May pork ad-
vanced to SIS. 675s early, but declined later
to S15.30 and closed zoe lower at S15.32l5;
May lard sold between $7.721s and 7.65.
closing 5d71@c down at S7.6507 671s, and
May ribs between $750 and s. 40 with
the close 71aq10c depressed, at $40.
The oats market was a narrow one
It showed a small advance early with
corn and later reacted with that market
but the undertone was firm on good
cash demand. Receipts we're 13S cars.
May sold between 251z and 247sQ25c and
closed a shade lower at Csc.
Estimated receipts tomorrow: Wheat. !
50 cars; corn, 245; oats, 200; hogs, 10000 /
head.
GRAIN AND PRODUCE MARKETS.
CHICAGO.
Chicago, March 1.-THE leading futures /
ranged as follows