The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1902-03-06
No RELIEF N GRAINS
Day Turns Out Dull Uninter-
esting Movement.
PRICES MOVE SLUGGlSHLY
Wheat and Corn Close Higher,
Oats Lower.
PRICES MOVE SLUGGlSHLY

Chicago, March 5.-Specuiation on the
! board Of trade was again dull today.
/ Fluctuations were over & narrow range
and though the tone ruled firm the
I greater part OF the day on bullish crop
( reports, the close Showed Nay wheat
and Nay corn only 1s414c higher, and
May oats isd4c lower. Provisions closed
/ TIC 70 PC lower Wheat bulls had fair
encouragement soon after the opening
! Gables were only slightly higher. bat
! northwestern receipts were much re-
/ dUced. Added 70 this was the bullish
1 factor Of dry weather reports from the
southwest The effect OF the early bull
I ISL surroundings was not felt with full
force until nearly an hour after the open
ing. Trade IN general was slack. but
the crop conditions finally awakened buy
ers from the country. The southwestern
markets were active, St. Louis advancing
May prices 1c. May here opened a shade
lower to unchanged, at 7sIs TO 1884,,
and gradually advanced to 1914. Shorts
had covered TO some extent, though many
spectators paid little attention 10 the
damage reports. The small receipts in
the northwest started the story that the
crop yield had been overesimated. Ele-
vator stocks there were decreasing and
new attempts were made that crop would
be nearer is. 10000 to 175,000,e1o bushels
than 10000. 900. There was no prospects
OF moisture in the southwestern states,
but the prices that had been felt On this
basis did not hold when liquidation began
near the close. Nay eased of 70 lower
its opening prices and closed barely firm.
al 76ss- Receipts, 20 cars, g contract;
Minneapolis and Duluth reported 213 cars.
making a total for the three points OF
> cars, against $50 last week and 80
IT,
GOD bushels. against 697. 090 bushels last
year. Seaboard clearances equaley 611.-
coo bushels.
Corn was given some support by the
local bulls and prices ruled strong for a
time Dizziness, however, characterized
the trade in general. St. Louis did some
buying here and helped early and even
increased receipts had little effect, as
traders were confidently expecting a fall
ing of OF farmers offerings. Nay opened
a shade lower TO q shade higher. at 617z
10 617s, and on local buying sold up to
S21a. Foreign markets we're either ildif-
ferent 10 our advances, cables being
about steady. The southwest was still
bullish, the cash demand increased a
little and the same people who bought
yesterday renewed business But the
steam blew of the market on dullness
and late liquidation and May reacted
and closed barely firm, 1sa14c up. at $50
g.. Receipts, 119 cars.
There was an early demand IN oats.
which, together with the strength in
other grains. held prices firm. There
was, however. little change TO the stu
alton. May was nervous and the crowd
was uncertain as TO action. Country Of
ferings were light and commission houses
took some May, sending IL up 70 a.
Later the early BUYERS wanted to get
rid OF their holdings and as the demand
slsckened. May sagged and closed easy.
fsQi4c down, at 44isGIs. Receipts, los
cars
Provisions suffered from the influences
OF the heavy run Of hogs at the yards
and the consequent lower prices. There
was a fair show Of hrmness early on
buying by hackers. But later the crowd
turned IL 10 selling and May pork closed
pc down, at 1910. Nay lard. 71zflO. at
l21iz. and May ribs TIC lower. at SZ7iz.
Estimated receipts tomOrrow-Whest,
30; corn, 10; oats. 20; hogs. 40oo0.
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