The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1904-03-23

Chicago. March 22-weakness OF
coarse grains Offset today in the wheat
pit the effect Of crop damage officially
reported from Kentucky. Wheat closed
practically at yesterdays final figures
/ Corn is OF 7sGIc. oats are down lc Pro
visions closed &c lower 10 sc higher.
Marked Inclination 70 buy wheat was
manifested At the opening. July opened
. 's0;4c lower to 14G2gc higher. at $50 35z2 C.
Nay was unchanged to 5sc lower. At 9l5s
@92c. From the start the volume OF com
mission house buying was larger than
for some time past. Shorts were also
active buyers Possibly the most impor-
tant feature responsible for the increase
was the issuance Of the Kentucky crop
report showing nearly 80 per cent deterior-
alton in The growing wheat plant as
compared with the condition year ago.
Presumably on the basis of this report a
rumor was started that the next govern
ment report would be seusa tionaIIy ball
ism The fact that the southwestern mar
kets had small receipts today, while max
ing big shipments-St. Louis and Kansas
City getting only 5000 bushels in the
aggregate and shipping $4,000 bushels
also helped to create a better demand
in this market Cold weather was pre-
dicted and this, too, had stimulating
influence on purchases. decrease OF
500 600 bushels in the worlds available
stocks as shown by Bradstreet's was an
other bull factor. While prices in the
wheat pit were advancing. coarse grains
were experiencing heavy selling pres
sure. which resulted in a considerable
decline. Late in the session the weakness
in corn and oats brought out a number
of realizing sales in wheat and caused
a loss of about a cent from the high point
in July. The top figure of the day was
reached at S71sc. The close was steady,
at S6IsaS614c May sold between 915sc
and 92&4c, closing with a gain of &c, at
3214c. Clearances OF wheat and -four We're
equal to 25S,7O0 bushels. Primary receipts
were 1880 bushels compared with $780,
500 bushels a year ago Minneapolis, Du-
luth and Chicago reported receipts of
500 cars. against 443 cars last week and
1S2 cars year ago.
For the first half hour the corn mar
ket ruled quite firm, influenced by the
steady tone of cables and by unfavor-
able weather. The close was near the
low point. May being off 5sG24c. at 52a
52lsc. July opened a shade to 1se higher,
at 50asc to 507sG501ac, sold between 49Ac
and 595sc, and closed at 1880. Local re-
ceipts were 80 cars. with Il of contract
grade.
Oats showed more inclination TO follow
corn than wheat The close was at the
bottom, with May down &c at 39l4c. July
opened 15c higher, at 357sc, sold between
37&.c and 397sc and closed at 3734c. Local
receipts were 195 ears.
Provisions were strong early in the day,
under the influence of small hog receipts
and higher prices at the yards There
was good general trade, with an active
demand for lard and ribs. on the break
in corn there was free selling by pit
traders and packers. which resulted in
a loss of most of the early gain The
close was steady with May pork down
81, at $1305; May lard closed sc higher.
at S6.91l2. while ribs were up PIC, at $3.50.
No estimated receipts given out.
The leading futures ranged as follows: