The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1901-02-08
Days GRAIN MARKET
Wheat Irregular at Chicago
but Closed at Advance.
CORN ACTS IN SYMPATHY
Oats a Shade Higher and
Provisions &c Up.

Chicago. Feb. 7.-wheat was irregular
today, but averaged firm and closed &c
up. with the assistance of liberal export
engagements reported near the end Of
the session. Corn in sympathy advanced
80 and oats a shade Provisions m
ished a dull day. unchanged 10 ~ 10 Sc
higher
At the outset trade in wheat was
marked BY some excitement occasioned
by an advance at Liverpool quite agree
able to the oullish hopes reused by the
heavy export sales yesterday. May
opened 54Q2ac higher, az 751t d75lsc, and
On buying BY commission houses and
covering by shorts rallied during the first
half hour TO 7574175zsc. At this, Liverpool
announced that the advance on that side
was due 10 buying by Americans. The
market thereUpon lAcame fat and the
bear continent assisted by discourage
liquidation on the part Of longs, sent
May down TO 7424 Q747sc. The pressure on
the decline was very moderate, but n
demand came only from a few small
bulls. Trade here became so duh tnat
there was ample time 10 pay attention
20 the gossiping OF alleged wise ones.
St Louis and New York dispatches re-
marked an increased continental demand
70 which versimilitude was added By a
southwestern exporter who reported an
excellent demand from Antwerp and
Hamburg. the latter point not having
been in the market for some months
These advices ably assisted in removing
selling pressure from the market and
even occasIoned some covering by shorts
It took the report that 40 loads had
been taken for export 10 bring shorts
around to q radically different view OF
the market As longs held rather tightly
70 their purchases the buying pressure
was quickly responded 70, May rally.ng
10 1880, the best price of the day
Scalping longs took profits on the bulge
but the close was firm, May &c higher
than yesterday at 751sc At the end Of
the session the bull ranks were some
what more formidable than they had
been earlier, at least in talking strength.
Primary receipts footed I'D 10 5000
bushels, compared with 80 GO bushels the
CORES p0nding day last year Minneap0-
lis and Duluth reported 29s cars. against
So last week and 800 = year ago while
local fresh arrivals number 3S cars none
Of which graded contract. Seab0ard
clearances in wheat and -four, S5foO]
bushels were more encouraging
Corn experienced a moderately active
day and fair volume of trade. The
market opened strong under the influence
Of higher wheat prices and light accep-
tances to bids sent into the country iast
night The decline in wheat proved in
nuential in the corn pit early and under
commission house selling the market de-
cIined The signal service prediction Of
rain and mild weather west caused COW
eriag by shorts under which the mar
ket rallied and closed firm. May SOld
between 3S1z 03S5sc and 39e and closes
sc higher. at $3.50. Receipts were z39
cars. The cash trade was quiet
Oats were dull and featureless, the
market at times being at an absolute
standstin. Prices ruled steady in sym
PATTY with other grain markets. Re
ceipts were iS7 cars; country acceptanees
liberal May sold between 25ts T151a and
25lfG25ssc. and closed a shade I'D, at
Provisions ruled dull but firm, support
Cd by higher prices for hogs and the M
abated cash demand for product The
speculative trade. however, was in local
hands exclusively. and was hare Of fea-
lures. May pork closed unchanged at
s14; May lard 215 to SC higher, ~ $7.-2la
and May ribs % TO SC UP. az t7.e5.
Estimated receipts tomorrow: Wheat.
= cars: corn. go cars; oats, 40 cars;
hor-z - co head