The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1902-03-18
HHEAI MARKET OFF
Notwithstanding Freezing Re-
ports and Damage.
CORN WENT DOWN ALSO
Provisions Sold Below Satur-
days Closing Prices.
CORN WENT DOWN ALSO

/ Chicago. March 17.-Freezing weather in
F the winter wheat country following upon
the warm rains that stared growing last
week, failed 70 scare grain Spectators as
/ saw there was 10 marked strength on
I this influence they started IN late 20 ham
nler the bulls and succeeded IN oVercOm-
/ ing the early gains, but forced g weak
session had lost "a sc, May corn &c and
May cats 1<Gssc. Provisions started
strong. but closed 255a5c to 7lzalo1
lower.
Good Judges OF trade influences declared
( at the opening OF business that the wheat
news should put cents on the prices %
futures. Worlds statistics were 5uliish.
Liverpool stocks were decreased and LiT-
erpOol ca bles showed a quick rally 20
. rrrnnesS IN the English markets. But the
CHEZ ouuish factor vas the hard freeze
ove- the western states The thermoue-
ter was down 70 zero IN the winter
wheat sections where the warm weather
and rains had started growing. Coarse
grains were higher, -0innea polls reported
4 good cash demand, with No. , northern
selling al May prices, and No. ar 1411sc
premium. These influences did induce q
substantial advance at the opening. but
the other early prices were the best OF
the day. May started =. &c higher. At
~ 10 &c, and haggled Tor The first hour.
shorts had eveuec up pretty wei Satur-
day, and consequently there was rot such
z nervous tension as there would have
been had the freeze come last week. The
commission houses had 3 good supply OF
outside buying orders 70 execute. but th5
Dig local professionals were callousiy IN
different 70 the situation. and let the out
sder attempt 70 bring the few remaining
heavy shorts 70 their knees Trade grew
Lght early until prices eased 70 l5-sc.
Here May rested for some time. Then
bears thought they saw a latent weak
ness 20 the pit and started in 10 hammer
out the small fry. A number OF CROP
damage reports came To hand. but had
- ?. Ct hal Of = =
vas excited and prices for May plunged
down 10 141zc, closing weak, "a so lower,
a IA clz5sc- Local receipts were 81 cars
hone OF contract grade. Minuea polls al1-l
Duluth reported 5AS cars, making a total
Tor the three points OF $40 cars, against
4SS last week and S15 q year ago. PriTuaTv
receipts were $3.50 bushels, compare
with $50 600 bushels last year The sea
beard cleSrances Ia wheat ana -four
equalled 5000 bushels. World s ship
ments for the week were 5,27SCC0 bushels
against s.olle0) bushels last week AM
i-oss,pJ bushels a year ago BTeaGstuIfs
o. passage decreased 50. 0oo bushels. Tho
visible supply decreased ]. is GO bushels.
Corn trade was almost 4 repetition o.
the experience n wheat The cold weathe-
was expected 80 reta-d the early pastur-
Ing OF stock AMI 70 increase feeding Tho
south4est was still bUllish and receipts
continued light. Gables improved as the
day advanced, and wheat was higher
early. There was but little attempt 10
bull the market. commission houses which
DeASnN cary turning sellers 4aLEL- LEA4r
In July was heaviest. Country offerings
were sTnall,ub when Il was seen that tho
wheat strength could not support corn.
prices slid 6Ownward Nay. which had
opened l4Qasc 70 -zQ3sc higher. at g. 70
6S7ecs fell % SEC and closed weak. sac
down. AT 81 slf62c. Receipts were 10+ cars.
Oats followed the lead OF other grains
strong early and weakening with wheat
and corn There vas little significance 70
the trading ana business was small.
though nervous. Spectators were afraid
u act one way or the other because of
the uncertainty which attaches 70 Nay
options The cold weather led 70 soma
fear Of a crop setback July held fairy
wei and closed with only a fractional
less May was more erratiC after sell
fnC as high as 4ssfc dropping 10 44izc
and closed weak, 5zG5sc lower, A. a. &C..
Receipts were I9S cars
here was sharp advance IN pork al
tho opening OF the provisions pit. inau-
creed by higher hog prices and the grain
strength. Lard and ribs sold up in SYM
p thy. but later SelhEg caused q weak
ness and the entire list sold below Satir-
days close. The buying was only sctC-
tered. and not very good The late grain
weakness also contributed 70 the closing
weakness May pork closed TieGIec lower,
At Sl5-35; May lard sc down. 1T So. and
May ribs 2lauoc of. at Ss-5Ile-
Estimated receipts for tomorrow.
Wheat. So cars: corn. Ia cars; oats, I35
cars; hogs, 900 head.