The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1901-02-17
CORN Is TIE KING
1t Was the Leading Deal Again
at Chicago.
OPTION RECORD BROKEN
Wheat Dull, Oats Higher and
Provisions Depressed.
OPTION RECORD BROKEN

/ Chicago. Feb. 15.-corn was again the
leading deal on the board OF trade to-
day, Nay breaking the options high
price record and closing with a net gain
OF Ssa&c- Wheat was duh and narrow
1 and closed unchanged Oats closed 4 sc
higher. and provisions 25kG5c depressed
The corn market concluded a bull week
with its activity and strength undilnin-
/ ished and prices On . new and higher
level. Il approached the environs OF the
natural squeeze" The talk was Of
empty cribs. OF farmers who showed no
disposition TO sell.s and OF the exceed
ingly poor showing OF new arrivals when
they came under the ere Of the inspsc-
tors. Nay opened Is 10 l4c IowerS~at
z05s TO 4U5zc, under pressure from outside
interests. The crowd. however. was bull
ism almost to a man, and goboled up al
offerings with so much enthusiasm that
the market straightway rallied 10 40..
On the advance there was renewed out
side buying, led BY St--Louis interests,
who were Influenced somewhat BY con-
tinental advices of pressing requirements
and inadequate stocks. Bears on the sell
ing side yesterday covered at q loss.
This advance tempted realizing sales I'M
der which May reacted t. 40zsc. Here
the market became almost bare of offer
ings and under a heavy general demand
the price shot up 70 4lA4c ana soon after
SsQS4c over yesterday, at 4lAQflsc. with
the demand stin olamorous. The cash
situation was said TO BE- "streng heninS
all around" OF the days receipts G.
cars. but graded contract.
The Spartan spirit Of the bull interest
In wheat became apparent when, with
only the reflected strength -of corn to
help it. the wheat price Was maintained
against a collection Of bearish news.
Liverpool and Continental cables were
weak. Australian shipments were nearly
double those Of the previous week while
enormous worlds shipments and a big
increase on passage were indicated May
wheat opened i TO sc lower, at 75l4 10
75lsc, and rallied with corn to 752tc dur
ing the forenoon Following this the
market responded to the break in corn
by dropping to 75l44759sc. The final w
turn in corn carried wheat - TO 800
use and the close was unchanged al
751ac Seaboard clearances in wheat AMI
flour were equal to 475,0o0 bushels. Pr
mary receipts aggregated So. go bushels.
compared with 5l7,000 bushels the CORE
spending day last year Minneapolis and
Duluth reported al cars, against 356 last
week and 502 a year ago, Local receipts
were 4S cars 2 OF which were equal 70
contract requirements.
Oats were fairly active. The market
opened easier in sympathy with other
grain markets. but met with steady sup
port around 251kc on which May finally
rallied sharply TO sac and although out /
side offerings became liberal, the market
held firm and closed at the tOp. Aq9sc ,
higher. Receipts were "a cars.
Provisions were moderately active. The
market opened lower becaus OF heavy
hog receipts. An advance followed IN
response to the corn strength, but this
merely served TO cause selling BY local
interest and the market reacted and /
closed easy. May pork sold between /
81 20 and GA and closed SC lower at +
SAL May lard between S5.55 and $50 /
closing % 70 sc down. at s7.50fo7. 52iz. and I
May ribs between $7.12lk and s7.07ik17.I0. /
with the close PIC depressed at $40.
Estimated receipts Malay; Svheat. /
IS cars; corn. $50 cars; cats. rs cars; /
hogs. 1900 head.
GRAIN AND PRODUCE Markets.
CHICAGO.