The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1902-02-12
BULLS SIAGGER OP
Spectators are Timid and
Prices are Bettered.
CLOSE REGISTERS GAINS
Wheat Still in Same Rut and
With Others Little Better.

Chicago, Feb. 11.-Timidity among spec
ulators in the grain pits over what might
happen during tomorrow holiday on the
beoard led to general covering and with
a few bits of bullish news helped toward
better prices all around. May wheat reg
istered a net gain of 1z05sc. May corn &c
and May oats 11q5sc. Provisions closed
a shade to PFC higher.
Trade in wheat was much IN the same
rut as OF the past week. Information
was divided rather evenly between the
opposing forces and It was largely the
evening up over tomorrow that brought
out the scanty strength that held this
cereal. Northwestern receipts were light
but advances had il that there was plenty
OF wheat that would soon come out. he
ports from Oklahoma and Kansas were
unfaVorabie for the winter crop ana were
regarded merely as the forerunners Of a
long series OF complaints about crop dis
aSter that Will accompany the opening OF
spring. Some strength developed early IN
corn and oats, and when Bradstreets re-
ported a decrease IN the world S visible
supply OF ). $4,000 bushels compared 10
d large increase year ago. wheat was
helped upward. Trade on the whole was
small, but that also probably was due
to the tomorTow's holiday. Liverpool
cables Were steady to start. but eascd
off. Bearish Influences, such as light
from Missouri. worked against the ad-
vance somewhat May opened a shade TO
1sc higher up to 11%4to TAGS sold TO 70
and then eased back to opening prices
again as corn and oats lost some OF their
strength. Later there was revival of
good feeling, and May closed firm at its
top nSure, 32dasc higher at 46ls. Receipts
% cars, Minneapolis and Duluth reported
20 cars, a total for the three points of
240 cars, against 302 last week. This day
last year was a holiday. Seaboard clear
ances equalled III, 900 bushels. Primary
receipts were 2l2, $50.
Corn was slower at the opening on low
er cables, and some forced selling for
St. Louis. Sentiment was divided for
some time and the southwest began turn
ing bearish, sending IN some bearish news
which, however, did not influence prices.
Shortly after the opening corn was very
materially strengthened by reports of
further sales at better prices for the sea-
board. Covering and the better tone in
wheat and oats did more TO push the
prices upward. May, which opened as
low as 619sc, rallied TO 62lkc and closed
rather firm, 14c up at 6lS4Q3sc. Receipts,
102 cars.
Oats practically made up all their re-
cent losses on purely local conditions,
the grain was on the oVersold condition
and another attempt at the same tactics
again this morning. Shorts covered with
out any outside help and prices got TO
within &c OF Saturdays close Trade was
light, and while the earIy prices were
lower with corn. this market acted indie
pendentiy and showed good strength.
May, which sold early t 42Izc. sold up to
1915 and closed firm 75Q5sc up 10 IS. Re
ceipts, ZIG cars.
In spite of big general receipts provi-
slons We're strong. Opening prices were
lower, with the lower hog market and
some early selling for packers But a good
commission house demand for pork bro't
sharp reaction and though much of the
gain was lost as the market ouieted to-
ward the close, the general tone was very
good. May pork closed PIC higher al
S15.95. May lard shade up at 50 5215G0
$3.50. May ribs a shade higher at SS.57ls
1850.
Estimated receipts tomorrow: Wheat
10 cars; corn, so cars; oats, 80 cars; hogs,
900 head.