The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1904-03-31
WHEAT UNCHANGED
Favorable Weather Conditions
Offset Cash Demand.
CORN AND OATS ADVANCE
Provisions Weak with a FraC-
tiOnaI Decline.

Chicago, March 30.-Favorable weather
strength in the cash market today The
close was at almost precisely yesterdays
figures, the July option being up only sc
Corn shows a net gain of 1lsq1Ac oats
are up &c. Provisions are on 215Q5c
Lower prices at Liverpool and rain
throughout the greater portion of the
southwest caused an easy tone in wheat
at the opening, July being a shade to
Il0Ssc lower at S71sGS72sc The pit crowd
were quite generally bearish on the IA
vorable crop news from the winter wheat
belt. In consequence there was little de
mand at the start The market became
still weaker on liberal offerings from
commission houses. July declined to 3614c
before any support was encountered.
Strength in corn soon began to be felt in
the wheat pit, however the market grad
ually becoming frmer Prices advanced
more rapidly when a rumor was cir
culated that a leading long was buying
heavily of old July wheat. purchases of
a half million bushels being credited TO
this operator. Under the influence of the
buying ascribed to him. there was a
scramble amons early sellers to re-pur-
chase wheat. The demand was increased
by the bullish cash situation here as well
as in the northwest and southwest Sales
OF cash wheat were made here at ad-
vanced prices and the cash demand every
where was said TO be unusually good. A
sale Of 100000 bushels of Texas miilers II
&C over expert price was reported from
Galveston. An Offset to the strength in
the cash market was the prevalence Of
rain in the southwest. As the session
drew near the close the numerous bear
ish reports from thdt section brought out
liberal offerings resulting in another re-
action. July declined from $3.50 to 81. C
The close was about steady, with July at
S7Izakc. May sold between 931ad96c and
closed at 95I2c. Clearances Of wheat ana
-four were equal to % SO) bushels. Pri-
mary receipts were $4,000 bushels against
35S 9900 bushels year ago. Minneapolis,
Duluth and Chicago reported receipts Of
"a cars. against % cars last week and
210 cars a year ago. i 4 =
The sentiment in the corn pit was ex-
tremely bullish due largely 70 the stti-
tude Of the principal holder July opened
a shade to 1s014c higher at 5l'sG52c, and
after selling between 27,G531sc. closed at
SIC May closed ar 55as07sc. after rang
ing between 5s7sa5oc. Local receipts were
S. cars. = =
Under the leadership OF com and in
sympathy with higher prices IN the cash
market oats ruled strong The close was
strong and practically at the top July
opened a shade lower 20 a shade highcr
at cS'- 05Ss.o. ard after selling betTcen
So zd397sc. closed at 3ei41Fsc. Local re-
ceipts we've IS cars.
a heavy run Of hogs with lower prices
at the Yards induced consi tera bic liquid
alton in provisions durinS the early part
OF the SESSION Selling met with light
response from buyers and In consequence
all pro5ucrs showed losses. Later tbe
market became frmer under The iHeu-
erce Of strength In com and much IF he
early loss was ~egained- The close wa,
steady with July pork &c lower ar
sI22el jay lard closed at loss Of
2'c a. $40. while ribs were down SC at
500
Tho board OF trade viii b. closed Good
FRIDAY
CASH Quotations
Cash quotations Here as follows.
F11ur-Steady
Wheet-No . spring. azcT5- -; M. g
SSc[S1.ta. No. . red. g3'zc4S-9I.
Coru-No 55..c- No yellow. s5r55s.c
Oats--No 3 f',e4l-sc. No white. -.
GAO
Eve-No = &c
BarIsy-Good feeding. ssT1so; fair 70
choice mating tE5c
Flax Seed 80. sl1s; NJ ! north +
western Sf15s4
si7--3fess PORK, per bhL 81 ga
81 ir lard p@- 81" Tt~ 3 sz0ss sh-r1
rfas sides Gocst s. 1l $50. Short clear
sides thcxe5' s.5t