The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1901-02-21
DAYS GRAIN MARKET
May Wheat at Chicago Goes
3-8 Cents Higher
CORN CLOSED IMPROVED
Oats Closed l-8 Better and
Provisions a BIT" Up,
CORN CLOSED IMPROVED

Chicago. Feb 2o.-Inhuential local spec
ulators were active supporters Of the
wheat market today. and the close was
firm. May 9sQ1sc higher. Germ was COM
paratively quiet, and closed 4Qssc i'm
proved. Oats at the close were 4ze better.
and provisions TO 1ogl21zc up.
Indifference Of the Liverpool market
gave rise to expectations Of lower prices
for wheat here, but the tap OF the gong
found offerings valued somewhat higher
than they were at the close yesterday.
May opened unchanged TO &c higher, al
1875 to 755sc. The first batch OF buying
orders being satisfied the market be-
came quiet but firm, on moderate north
west receipts and the fact that large
areas OF the winter wheat belt IS without
snow protection There was even a bit
of gossip concerning Hessian fly IN Ne
braska, but il is rather early for that
insect 70 be much OF factor in fixing
the price Of wheat The bears derived
some comfort from an unofficial estima te
giving South Australia an exportable sur
plus Of 9937, go bushels. This is q liberal
increase on other estimates and those
who sold short on the information had
reason TO regret il later, when buying
by leading operators and seabOard ad-
vices Of a better export situation caused
a sharp bulge to 3sssc. a proft-taking
movement greeted the advance, but the
close was strong, Nay safe over yes
terday at 764767sc. Exporters reported
% loads taken for foreign shipment
while seaboard clearances in wheat and
-four were equal TO $4,000 bushels. Pri-
mary receipts aggregated $4,000 bushels,
-4-ffD hrret a1e Ha
spending day last year. Minneapolis and
Duluth reported 243 cars, against 637 9st
week and 504 a year ago. Receipts here
were IS cars, one Of which graded con-
tract.
Corn relinquished the leadership on
Change after the first hours trade, hav-
ing held it undisputed for a week May
opened &c higher at 405s TO 401zc, under
the influence of light receipts. The
crowd, led by an influential trader
bought freely and May having dropped
to 40asc, reacted 10 4e24c. The market
became quiet on this advance and re-
NAMED in that condition to the end The
closing wheat strength helped 70 sustain
prices during the latter half Of the ses-
sion. The close was AG3sc higher, at
405sc. Receipts were 275 cars, and of
these but two cars were equal to con
tract requirements
Oats We're faily active within narrow
range. The wheat and corn strength
were Influential. May sold between 239s a
231zc and 252ic and closed &c higher, at
255sc- Receipts were 10 cars.
The unudertone Of the provisions mar
ket was strong. although business gen
orally was quiet. Hog receipts were less
than had been expected, and this, com
bined with a good cash demand and the
strength OF the grain markets resulted
in an advance which was firmly held
May pork sold between s14.0715 and
s1415 and closed 109121zc higher at a4Ot
ala. 1919; May lard between s7.471b and
S7.521aG7.55 closing 715G10c up, az s. 52iz0
7.55, and May ribs between s. 071a1I7 10,
with the close sc improved at $40.
Estimated receipts tomorrow: Wheat,
a cars; corn, 255; oats. 1S5; hogs, ., 900
head.