The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1902-03-28
HEAVY TRADING Day
All the Grains Closed Lower
Than Yesterday.
FAIR WEATHER DID IT
May Pork and Lard Closed
Higher and Strong.

Chica go. March 27.-Grains experienced
another day OF heavy trading and for q
time sold al good advances Fair wealth
er. however. dissipatsd fears OF crop
damage and corn shorts had comforting
assurances against the gossip Of = corner
in July corn and declines were REGISTERED
May wheat closed I-sGlIlc depressed; May
corn &c lower ana Azy cats &c down.
Provisions acted independently strong and
closed 5Gl1zc 10 soc higher.
Traders who ran 10 cover yesterday on
the reports OF crop damage in winter
wheat had their fears allayed soon after
the opening hour. Cables were higher on
the damage reports and there was q fair
number OF buying orders. Small north
western receipts also were bullish in their
influence. But only SO long as corn held
nrmiy n the wheat kept its opening
slreHgtn- kslns were reported over the
whole wheat belt and the temperature was
too mild not 10 be taken notice OF. Sta
tisticians reported the growing crop as
good as, II not better than at first ex-
pecIed- corn had been expected 70 take
decided upturns btu was soon being
SOFA literally and weakened. This gaze
tne WeSthen an opportunity 10 be felt %
It's tut extent and wheat grew sick and
staggered downward. Liquidation and
stop loss orders add,si 20 the decline and
cears took control Nay wheat opened
) 10 &c higher az 355z 10 73c and held there
for some time. The depression took May
OF shorts accounts late in the day the
Close was very weak. May I3sffTik de-
pressed at uSs77l1zc. Some OF the early
ouying was OF very good character, but
the heavy selling which was so proml-
nent and broke prices was prominent
professionals. Crop damage reports con
tinued 70 arrive. but were Overbalanced
Dy other reports that made bears hopeful
Some OF the Weakness was due 10 closing
up deals over the holiday. Local re-
celpfS were l9 cars none Of contract grade
and Minneapolis and Duluth reported 2ss
cars, making q total for the three points
Of 255 cars against sec last week and 40 a
year ago. Argentine shipments were So
900 bushels compared to SS4. 000 bushels last
week and --56S0oo bushels last year. Pri-
mary receaEsts we've $3.50 bushels against
$1,000 bushels a year ago Seaboard
clearances IN wheat and -four were 373. 90
bushels. The seaboard reported nothing
taken for export This point sold seven
Considerable strength was manifested
all day IN corn, despite the marked weak
ness that developed in wheat There was
also persistent selling OF corn by big trad
ers, especially by the crowd that was
supposed TO be trying TO corner July Op-
tons. but prices held well. The market
was nervous and excited at times on &C
count Of rumOrs that al effort was being
made by large eastern interests 10 con-
meet with the July campaign crowd %
The heavy selling for profits eased prices
somewhat and gave wheat a chance 10
corn and May corn after selling as high
as 6ozsc early IN the day lost al its gain
ana cropped 70 5S1sG5ei4c. The weather
nad something OF a bearish effect but IN
SPITE OF the heavy pressure brought 70
bear on this market Nav closed only easy
&c lower al 59itG5a2sC Country offerings
los cars
Oats had some strength at the open
ing under the influence Of corn. They soon
broke away from this lead. however. and /
on liberal offerings turned easy There
was a good early demand in July which /
was easily accommodated and May op-
ions which Were quiet declined I'm SYM
the loss of the early corn advance helped /
depressed oats late Reports Of early
seeding and plants starting We'll has had |
20 added hearish influence. May sold from |
8 70 &c and closed &c or at E7sc Re |
GENTS We're % cars
Provisions showed marked strength !
again. due IL IS said 70 active manipula-
lion by packers 10 bring prices % a high
= leFel Tor the purpose Of unloading their 4
products There Was another large short /
Inc covered and generally heavy trading I
resulted. Hog prices were better. re- /
,elpts Of hogs light and a private esti- I
Ito or chicago stocks showed a decrease /
a lard and an unchanged situation in /
1orh and rios. This taken in view 81 tho /
recent heavy rCD Of hoes and the better /
prices was considered hulish. offerings
we're principally by longs who took profits
ild Nay pork opened i9- 20 PIC I'D at sl6 -
% sl6.15 gained steadily for time and
hen 1umuc1 late TO sc. a. where n clos /
Nav lard closed f0T12iEc higher az 50 S2IL
md May ribs sake up a. 3 $1,000
Estimated receipts FOR tomorrow; Wheat /
2 cars; corn 100 cars; oats is cars; hogs
100 head.
There viii be 10 session on either board
Z trade or exchange on FRIDAY