The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1902-03-26
.SEE-SAH N GRAINS
Good Crop Weather Worked
Against the Bulls.
CEREALS ALL LOWER
Provisions Quoted From ID
to 7 IL Cents Down.

Chicago. March 2.-speculation IN grains
was less force 10 the markets than on
Monday. Leaders were less active and
there was nothing for the general trade
10 follow. Good crop weather and a alb
! sence OF export business worked against
/ the bulls and al the close Nay wheat was
q shade under: May corn sc lower and
/ May oats nc down Provisions closed ~
to TIC lower.
! Leaving out crop damage reports, which
! traders in wheat refuse TO consider ser
iousIy. there was little news 70 help the
wheat bulls. Cables were Indifferent and
closed somewhat lower. English cables
/ reported cargos on passage far and New
York had no foreign accsptances over
night. The sentiment prevails that the
continent filled Up pretty wei last week
on the break Nay opened 14Gss 70 ssGtzc
down az = TO u7sc, but recovered on some
buying for short accounts. The conIin-
Jed long selling. though quiet, took OF
the edge Of the advances and prices duc-
tuated narrowly. Wheat was Still stub
born 20 any loss, however, and was as
quick 70 rally from a dip as % react from
a bulge Late IN the day May sold 70
q
under st T2Lc- Weakness in the coarse
grains and IN the St Louis market as
wei as the continued reduction in arriv-
ais when compared 10 those OF last year.
worked against good advances. Receipts
were 81 cars, three contract grade; Min
neapolis and Duluth received 2S3 cars, e
total for the three points OF 574 against
434 last week and 505 a year aga Primary
receipts were ~. 90 bushels compared to
ances equalled 378 Coo bushels. Bradstreets
report OF worlds stocks showed a de-
crease OF sss coo bushels compared 10 a
small increase a year ago.
Corn was heavy az the opening On ca
bles and continued weak most Of the ses-
sion. Warmer weather favored blowing
and a better movement and receipts were
somewhat better St Louis also sold here
early in liberal quantities. May started
ssGia 70 Ieg1sc lower at $50 G5slsc; but
on good outside buying orders there was
a quick rally to 525sc. the west reported
good calls for corn from the country, but
il Is possible thar they were for seeding.
Later IN the day the local holders let go
literally and May lost IT'S hold again,
selling down 70 5Scc. "A reaction on COW
ering purchases followed again but the
close was weak. Nay &C lower ar 5SL 2
5S2sc. Receipts 207 cars for Two days.
ness. SO few people dare to trade in May
oats that orders are hard 70 execute.
Country offerings were light and estimates
small though the receipts TO-DAY were lib
ersl. Early the tone was weak with 9TH
er grain weakness. Fluctuations were
narrow and May closed easy, sc lower at
425sc. Receipts 225 cars.
Provisions were nervous for a time but
eventually lost some Of their recent gains /
on liquidation by longs. The cash situa-
ton was strong and the yards reported /
a good hog market Some OF the smaller
packers were inclined 10 support the mar (
ket and there was good buying b. invest F
ors both local and outside. May pork I
sold TO S6o5 but closed 215c lower al .
SIS e2iz. Lard closed TIC of al g. So and 4
May ribs SAFE lower at $50.
Estimated receipts for tomorrow: Wheat +
90; corn 10; oats g; hogs 5000.
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