The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1901-03-22
BREAK IN My PORK
Was the Feature eff the ChiCa-
go Market Yesterday.
WHEAT WAS DEPRESSED
Corn and Oats Close Consider
ably Higher

Chicago, March n.-A break Of e0c in
May pork was the feature on Change to-
day. This commodity closed 55c lower,
nc higher. Yesterdays serious war talk
was unconfrmed and hau depressing
effect on wheat, which closed at a decline
Of sc. Corn closed 1c higher. Oats closed
&c higher. The provisions market open
ed strong on light hog receipts and
higher prices at the stock yarus. May
pork 10 to zoe higher, at 81 0744s.10. Sell
ing brokers said TO be accounting for
frmer prices.
The market paused for 10 and l5c re-
coveries on the way down, but these raj
lies were mere incidents. Meanwhile Ar
mour was an open buyersof ribs, his pur-
chases being approximated at 1000, 600
pounds. This, together with the readi-
ness OF the market to absorb pork at the
decline, caused a gradual reaction in May
pork to .l6.4 10. The close was 55c under
yesterdays, at 1858. May lard sold be
tween S7.85 and 1885, and closed a shade
up at S7.S7, while May ribs huctuated be-
tween $40 and SIS, with the close SAFE
higher, at S7.75Q7.7712. Armour is still be-
lieved 70 control the market, and some
traders took the long side on the de-
cine.
Wheat was only moderately active, the
trade being OF professional character.
Easier cables from Liverpool We're in line
with the suppOsition that the report was
either unfounded or exaggerated. North
west receipts were liberal and in addition
to this bearish array Of facts the Price
Current estimates the wheat in farmers
hands at 46,00O000 more than the govern
ment approximation, warehouse stocks at
A. 900 bushels more than approximate
list. May opened a quarter lower, but
sold TO 1870 on recovery Of &c at Ant
werp. This was followed by a dip TO 7615
d765sc and further recovery to 76%4c. Lib
eral primary receipts, small seaboard
clearances and report that trouble be-
tween Russia and England had been set
tied, induced further selling and May
dropped to 761sc, closing heavy, sc under
/ yesterday, at 76lkc. SeabOard clearances
in wheat and -four were equal TO 183 900
bushels. Primary receipts aggregated
I 637, 600 bushels, compared with $4,000 bush
! els last year. Minneapolis and Duluth re-
| ported ST cars, against 256 last week and
708 a year ago. Local receipts were IL
cars, none of contract grade.
Corn was moderately active while the
undertone Of the market was easy. May
advanced for a small gain early with the
pork strength, and broke later in synpa-
| thy with the latter commodity. Moderate
/ buying by commission house at the de-
! cline caused a slight recovery toward the
end Of the session. May sold between
! 415s and Hlsc and closed 1sc lower, al
41kc. Receipts were 279 cars, "a Of contract
/ grade.
! Oats were dull, nuctuating in sympathy
with corn. May sold between 25lk and
| $4Q247sc, and closed a quarter lower al
sc Leading bears were the best sellers
and as the demand came mostly from
small scalpers, the decline was accom-
plshed Receipts were 1e2 cars.
| Receipts, tomorrow: Wheat 20 cars
corn, 235 cars; oats, 170 cars; hogs, 2,00C
head.