The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1901-03-01
DAYS GRAIN MARKET
Backward Movement Was
Feature of Early Market.
PROVISIONS ARE DOWN
Business in Corn Good With
the Price Higher.
PROVISIONS ARE DOWN

Chicago. Feb. ga retrogregsive
movement on moderate scale marked
the early course of the grain and hog
product markets today. Provisions at
the close showed no recovery, being from
) to 1215c under yesterdays final figures.
but the grain market received better sup
port on the dip. corn closing sc higher,
oats unchanged and wheat, the easiest Of
the grains, May wheat having opened
unchanged to a shade lower, at 76h to
76a763sc, declined during the first hour
to 755sc under moderate sales by com
mission houses. and generally bearish Dit
traders Outside interests were practl-
cally out of the market and the trade
following the opening was confined to
local hands. There were little spurts Of
activity, but these were sparsely scatter
ea along between more conspicuous peri
DDS OF stagnatiOn. The first dip was &C
complished IN the face Of steady cables
and moderate receipts. The hberality of
seaboard clearances and the moderation
OF primary receipts, together with reports
of the appearance Of fly in central Hi
nois, also combined to make the bear
contingent somewhat uneasy, but their
pessimisfl was too deep to attach much
Importance to anything advanced by the
bulls as consequential, and despite the
efforts of the elevator concern to sustain
the market the market was hammered
back to 1870, at which il closed 14c
under yesterday. Exporters reported 7
loads taken for export. Se2board clear
anees in wheat and -four aggregated w.
coo bushels. while primary receipts reach
ed total of $4,000 bushels. compared
with $4,000 bushels last year. Minneapo-
lis and Duluth reported 80 cars, against
81 last week and $50 a year ago. Local
receipts were 90 cars, Of contract grade.
Business in the corn pit was on
fairly liberal scale, with a full attendance
of the regular specialists and a consider
able contingent from the wheat and the
provision pits. The market eased off IN
der heavy pressure from the bear leaders
and selling by the crowd in sympathy
with the decline in wheat. The persist
ent buying Of another operator, how
ever and the rally in wheat, caused COW
ering by shorts later and the close was
firm. May sold between 41c and 40A04O2sc
and closed sc higher at 407sc Receipts
were 1856 cars, s of contract grade.
Transactions in the oats market were
fairly large and the market as usual
found its motive in the actions of other
grams. heavy Selllng Tor the long ac-
count marked the early market and
equally liberal buying the latter part
May sold between 251Ad255sc and 25asc.
and closed unchanged at 251ac Receipts
were 1875 cars.
In provisions the activity was chiefly
in lard which was sold on liberal scale
by a Milwaukee packing corcern. Pork
was also for sale from the same source,
and as the market received only scatter
ed support prices declined and the close
was rather heavy. May pork sold be-
tween $14.121@ and s14.0215, and closed 121kc
lower, at $14021z; May lard between $50
and 81. 421kG7. 45c, closing ~ to 10c down
at 81. 421A07. As; and May ribs between
s. OH and S70Na7 ol15. with the close SC 1
at $7.021b
Estimated receipts tomorrow: Wheat,
s. cars; corn 80 cars; oats, go cars; /
hogs, 2S.000 head.