The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1902-03-22
WHEAT WAS CRATIC
Rain Reports Send the Price
Down "a Cent.
CORN AND OATS LOWER
Provisions Act Contrary TO
Grain and Go Higher.

| Chicago, March 21-Grains were nervous
and cratic again today, and set specula-
tors guessing. The rains IN the south
vest were decidedly bearish in their IN
fuences over wheat, while a continued
heavy export business in cash wheat tend
ed TO induce higher prices Fluctuations
we're frequent and other grains acted
sympathetically. At the close Nay wheat
had lost &c; Nay corn ssG4c. and May
oats &C Provisions still acted contrary
10 grains and closed 10 Ioc higher.
Wheat opened weak and lower on good
rains in many OF the wheat states, and
declined still further on rather heavy
selling. These rains were much need
ed. and were supposed 70 be beneficial 20
the growing crop. Argentine reports in
dicated al increased movement and still
better prospects Cables were slightly
nlgne-, but had little effect Added 20
this bearfsh influence was the advice
from New York that nucn OF the stuff
reported sold for export yesterday was
q shade 70 1sg+4c lower at l+1s1l5tsc,
sold off 70 754zc. Then came a revival
Of yesterdays EXPORT business. 4 local
house sold Is loads OF cash wheat and
ether points lad good sales. This sent
shorts 20 cover in & hurry. Buying for
this account sent prices Up and held the
market arm Tor a time AZ 741sG7z14c for
May The southwest reports, however,
had the most influence in the market
St Louis was weak and was selling lib
orally. Kansas City May prices. which I
cago, were quoted at discount LiGuida-
ton started IN on free scale late IN the
day, bears sold short and prices turn- |
Dle0- Trade n general increased much, |
though the outside Spectator was not |
n the market enough 70 work against the /
bearish influences Nay sold OF ard I
closed weak, &c lower, at 73asG15lac- LO- /
cal receipts were 4 cars, one OF contract /
grade. Minneapolis and Duluth reported /
255 cars, or total Tor the three points I
OF "a cars, against % last week and ~ 4
a year ago. Primary receipts were "A
0C1, compared TO Tll.G9e bushels last year. /
eesboaru clearances il wheat and -four I
mentS were !. IS ,04) bushels. against as /
90 bushels last week and $4,000 bushels /
a year ago. The seaboard reported .
loads taken for export.
Corn followed wheat most OF the day. |
The opening was weak. out some good
cash business AID light receipts helped !
rains were also bullish features and
helped 10 curtau the interior movement
There was no outside trade 70 speak Of
POSSIBLY little selling from ths south
in watching the wheat pit The situation
IN Argentina was reported uuCn improved
- harvesting had already begun and that
the corn was or good quality May corn
sold as low as 601sfI6l9 sc, the first hour, I
but later reacted 10 &c with the wheat /
frmness. When wheat broke Iate in the
was liberal and several long lines we're
said 70 have been GQuidated \ sharp
decline took May down 70 e01kc. The
close was weak. 5s0stc lower for My /
at 60Ac. Receipts were So cars.
Oats were only moderately active, with I
prices yielding somewhat with wheat and
corn The market was largely a scalping /
affair and no important trades were {
made Some Improvement was noted in
the cash business, which tended 70 sup I
port the pit against any marked decline. /
The country offerings were about the /
same as they have been OF late There
vas still soma nervousness in May op- i
tons, out the fluctuations were narrow.
May closed easy, 1ac down at 4ai4c Re
cefpts were 10 cars.
Provisions showed strong again today
against the depression in grains There
vas an opinion prevalent that were Il
lot for the slump IN cereals hog products
y Ouid have had marked advance. The
local run Of hogs was small and prices
We're higher az hte yards. Good buving
all products after a higher
rpening Lard offerings were free but
were Wen taken May pork closed Ice uu /
II 5.S1e- Nay lard a shade higher. II
g. 45fi9 Az. and Nay ribs 5011sc higher.
AZ s. .55lIS.57ia.
Estimated receipts tomorrow. Wheat.
p cars, corn, 40 cars; oats, 165 cars.
hogs, 3, 90 head.
GRAIN AND PRODUCE MARKETS
Chicago.
Chicago, March 1.-THE leading futures
~ ally