The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1901-02-19
GRAIN PIT EXCITED
Corn Holds Undisputed Sway
in Chicago Board.
BUSINESS VOLUME BIG
Corn, Lower and Other Grains
Down in Sympathy

Chicago. Feb. fs-Ths corn pit cur
n1shee Spectacle OF excited activity to
day. The May option, after an advance
early, broke under liquidation Of enor-
nous lots by longs and closed s.azsc
lower. Other markets were affected
sympataetioally, wheat closing SAKE.
oats &c and provisions 71aql21sc de-
/ pressed
Corn held undisputed sway Oh the
/ board OF trade throughout tae entire ses-
sion. The volume Of business was heavy
! the nrst two hours; It was enormous the
remainder OF the day. The pit was crowd
/ ed May opened 1sc higher, at ~ to
/ 1850. There was nothing Dsrrcrlarrg
STRIKING either IN the croS~ situation or
me statistical reports, but shorts were
c4amorous IN their demands Several nil
non bushels changed hands al the opea-
ING Hgures and after touching EL01tsc
/ the market was suddenly DID ID 10 41ao
scarcely any corn changed hands on this
O4ise- II seemed as If everybody was a
"o4d-oe purchaser Suddenly the mar
AeL began 10 crumble. Where q trew
minutes before scarcely an. corn vas r.
q rad, millions Of bushels were for sale.
one Spectator was credited with get
ing I'D OF 500O00 bushels and others
were not far behind. May declined to
IA q497sc and closed at 40asc. a net loss
or 44Qtsc, Considering the excessive
pressure the market showed reuarka Z. . (
strength Receipts were AZ cars, OF
contract grade.
Wheat yielded the palm 70 corn with (
out protest and followed The larger
markets with great docility The Dit
most OF the session was half deserted. (
May opened unchanged 10 LQ14c higher +
az la7a 10 75ssQ75zc, Influenced chiefly bv T.
tae opening corn strength, although
steady cables and moderate northwest
receipts were con r5urary factors. Some
commission house buying, coupled with
covering oy nervous shorts, caused an
early advance TO q Sc The corn break
later caused reaction 10 75c and the
close vas easy, MAY ATE lower. at -
Gl51sc. The market vas not with Ut
some visible support on the decline. but
prominent bulls for the most part were
not interested. The decrease in the Efs-
iole eZ,oe9 bushes was as expected. TIE
amount Of wheat and -four on ocean pas
sage Is now the largest ever known at
the season oy 250o,00o bushels Exporters
reported - loads taken for foreign sh n
nent and seaboard clearances in p hear
and -four were equal TO 1900 bushels.
primary receipts were $1,000 bushels,
compared with $4,000 bushels last year
minneapolis and Duluth reported s25 cars
against 80 last week and 723 a year ago.
Local receipts were IS cars, mona OF
which graded contract
An active trade was done IN oats. and
IS was the case in the corn sarket.
here was heavy covering of sho6 and
of longs. About 100000 BUSH
is OF long oats came out, according TO L
ough estimate. The market followed tn
orr lead MAY sold between z52sc and
sac and closed 14c lower at 25Isc
Provisions were not able to withstand a
he local receipts Of hogs. which were
600 head in excess Of the number es1i- c
mated Saturday and the swift change in 8
he previously bullish c0nd ton of the c
orn market Trans ctfons were not I'm
ortant May pork sold between s1457l5
nd SAT- and closed Z &c lower. It
a t2la; May lard between s. 47ls sSa =
: i2ia. closing IL TO Ice down. at s. s21s =
I'D May ribs between s7.01ts and s7-aeia, =
nth the close 7zzc depressed, at S7.02i5 =
Estimated receipts tomorrow: Wheat. D.
cars; corn. 600; oats. 80; hogs. $500 =
cad. :
GRAIN AND PRODUCE MARKETS. b