The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1901-03-02
Days GRAIN MARKET.
IrreguIarity Marks the Course
of the Days Business.
CORN CLOSED HIGHER
Wheat Shows a Net Decline
and Oats a Shade Lower

Chicago, March 1.-Irregularity marked
the course of the grain markets today.
the heaviness of wheat forming a con
trast with the corn strength and the
sympathetic hrmness Of oats. Corn
closed u and oats a shade higher, while
wheat showed a net decline of asq1ac
for the day. Provisions also were irreg-
uiar. closing 2l4a5c lower TO &C higher.
A strong market for corn existed
throughout the session. and the volume
Of business transacted reached an i'm
posing total Speculative interest was
centered in this market and the pit was
congested BY an influx Of spectators at
tracted from other parts OF the floor by
the activity OF the play Commission
houses operated heavily, but the press ure
was nicely balanced generally, and it re-
NAMED for the prominent operators to
make or break prices. Excepting an En-
glish estimate, making the Argentine ex-
portable surplus 100000 bushels. there
was little news, leaving the market still
the toy Of sentiment, pure and simple.
May opened unchanged to &c higher at
407s 70 4l5Ac. Shorts became alarmed al
the strong character Of the buying and
The wheat weakness proved influential
on the advance and some corn bought
earlier was unloaded, May dropping back
to 411sc resisting stubbornly. The close
was firm at that price, 40 over yes
terday. Local receipts were $50 cars, two
of contract grade. Deliveries on March
contracts were only 100000 bushels.
Under the influence Of light northwest
ern receipts, a decrease in Argentine
shipments last week and the steadiness
of cables. May wheat opened shade
higher at .57s to 76c, and sold TO a limited
extent at 76q761sc. Heavy pressure was
brought to bear on the market and Nav
dropped to z55sG7524c, some long wheat
coming out on the decline. The agrees
siye strength of corn caused covering by
shorts under which May rallied to 757s
@76c. Persistent selling by a big long
and the lack of outside announcement
caused renewed heaviness and the mar
ket, during the afternoon, broke TO 75B
aisle. On the dip shorts took profits
and the market reacted to 757sG75lzc. and
closed at that price, sale lower, ard
rather heavy in tone. Export business
was reported dull. Seaboard clearauces
in wheat and -four were equal to 375, coo
bushels, while primary receipts aggre-
gated 476000 bushels, compared with 52S
Go bushels last year. Minneapolis and
Duluth reported 81 cars, against 541
year ago. Chicago receipts were % cars.
2 of contract grade. Argentine ship
Eents, according to the board Of trade
announcement, were $4,000 bushels last
week, 100000 bushels less than the pre-
vious week and more than 2,000 $50 bush
els under last year during the CORE
spending period.
oats were dull, but the tone was firm
in sympathy with corn. May sold be-
tween 2515 and 257sc and closed a shade
higher at 25l3Q255sc. Receipts were 203
cars.
In the provisions market lard and bs
were fairly active, but pork was gener- 4
ally neglected. It was wanted in small
lots and as little was offered, this EN-
of the list ruled comparatively firm out
side packers We're liberal sellers OF lard
and ribs and prices suffered in conse-
quence, although local packers gave the
market some support May pork sold
between S13.971a and SHOT,, and clio ed
sc higher, at S14.0716; May lard between
S7.45 and S7.371zq7.40. closing % to sc
down at $40, and Nav ribs between
500 and S6.s5d8 97lk. with the close 2lsc
at SEQ.
Estimated receipts tomorrow: Wheat
S. cars; corn, 400 cars; oatS. 275 cars;
hogs, 1900 head