The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1898-02-17
LETTER STILL PERS|JES
CONTINUED from First Psge)

the anxiety OF the shorts to get out. This.
in fact. seemed to be the only factor in
trading. Apparently no attention was
paid TO the news of the blowing up OF the
battleship Maine. and the usual news was
colorless. Liverpool was 2sd@sd higher at
the close. Northwest receipts were 30
cars. against 34S awcek ago and 165 last
year. Chicago receipts were a. cars. 10
of which graded contract. The days
clearances from Atlantic ports amounted
to 300 900 bushels For some time the mar
keJ fiuctuated nervously on a narraw
amount OF trading. but about noon II COM
m"nced to advance again. and on this
advance outsiders made their influence
felt. Traders who have been heavy SELL
ers here against purchases in New York
were forced 10 'unstraddle." Northwest
shorts also came into the market and
helped make things interesting. About
half hour from the close July. which
for some time past has been comparative
~ neglected. jumped into sudden activity.
II had previously been tagging at around
$3.50. but heavy buying sent prices flying.
Most Of the July offered was taken by
the Letter brokers. AT the close July had
advanced 10 s9izc. May in the meantime
had been bid up to s1.037s. and was bring
ing $103ia as the closingbell sounded. on
the curb after the regular session il sold
as high as gI.0jiz.
There wa sanother big trade IN corn
and the market was strong. sympathy
with wheat and heavy demand from
shorts sent prices up sharply early. The
market broke later on realizing but raj
interests and closed strong. May rang
ed from 91fs to 81 c. and closed &c high
or. at 31I44%c.
Oats were fairly active and irregular.
though averaging strong. The market
started strong through sympathy with
wheat and corn. but heavy commission
house selling and some general realizing
broke prices badly. The demand became
urgent again later in the day. may early
sellers buying back what they had previ-
ously sold The export demand was again
active May ranged from Z7st 20 &c, and
closed i.ai.c higher. AZ Z7ssc.
Provisions were active. Heavy receipts
Of hogs gave the market n weak start. but
the heavy advance in grain. the demand
especially from shorts. increased. and
prices gradually rallied. Packers were
good buyers. which helped prices. Later
the market became weak under realizing
sales. The close was steady Al slight de-
clinez: May pork 5c lower AZ 'li-lQ; May
lard &c lover at 3 ia. May ribs &c low
er at 35Z7iz.
Estimated receipts Thursday: wheat
Is cars, corn 70. oats 10: hogs zs.'oo
head
NEW YORKs ADVANCE
New York. Feb. I5-Deveiopmeots IN
wheat late this afternoon were u a some
what sensational character. After hRhi-
ing the hardening tendency al Day the
local crowd was finally covnered and
forced n pay a shar advance ~ the iaHt
ten minutes q he session. tUulinz Tices
I-z1s-s- n ~ &c for Nay. S3th su1sf-
oueut rfze % s. - u on the curb. Attend
f-1 thfz bulge vas news today mat wheat
IN Chicago had beer elevated 20 SO -
Neither cables nor borne cTo news bad
any material induence uon foiizT-H may
kst. The Havana disaster VAS eu3alY
without eEect. although naturally crest
Ing a profound farpressl1n ca change
Coarse grains were much EfTp7EeE. par-
,gc,slarly corn. whlrh advaaced ahout q
cent a htshal Export i1tsTsst was re-
tarde4 b. the sensational savsncs- July
wheat showed particular strength -
covering I'D closed go higher thar las;
night. while Febrzary and March closed
1882 higher. Nay eiosing otslcialiT ~