The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1902-02-20
GRAINS N Dull RJI
Range of Prices is Very Mar
row for Wednesday.
CLOSE is ONLY 1-8 LOWER
Bearish Tendency Is Upper
most in All the Pits.
CLOSE is ONLY 1-8 LOWER

Chicago, Feb. fs-Grsins logged alors
in dull rut today. occasionally. prodded
/ into activity by changes in sentiment
Bearishness was the uppermost charao-
teristic, but so narrow was the range that
May wheat closed only u cent lower
May corn a shade down and May oats
& cent lower. Provisions closed 70
12ts cents depressed.
Early trade in wheat was somewhat
nervous. with tendency toward lower
prices Gables were lower; -four news
was weak. and the weather for winter
wheat was good. This induced some
short selling and sent prices down a
trife- Northw estern receipts were lib
eral and predictions from that country
indicated a better spring movement The
sesboard vas bidding, but at prices
cent lower. Dizziness was also q bear
ISL factor May opened isGls TO 14Gas
lower, at 71sl7s, and fiddled around for
over an hour with hardly a change.
Weakness in coarse grains helped 10 de-
press wheat and May eventually touched
77s4. There had been some selling for
longs and By the southwest ard commits
sion houses had sold some for the out
side account For time II looked as
If the market could be manipulated cas-
lily, but when New York worked fair
business on the break the crowd that
had gone short early came in and bought
Most Of the loss was regsined and May
closed steady Z cent down. az 7s6A.
There was a sprinkling Of bullish news
throughout the session which, however,
had little strengthening effect. Reports
had Il that much OF the winter wheat
country which vas supposed TO be under
snow was unprotected. San Francisco
also reported a fair continental demand
and prices up Il cents.
Local receipts we're % cars, none Of
contract grade. Minneapolis and Duluth
reported "a cars. making a total for the
three points Of 276. against 81 last year.
This day last week was a holiday. Pri-
mary receipts were 800 bushels, COM
pared to 463, 600 bushels last year. Sea
board clearances in wheat and Hour
equailed 10000 bushels. The seabOard
reported = loads taken for export
\ bearish sentiment carried over from
yesterday depressed corn at the opening.
Commission houses sold some for the
southwest. There was no Improvement
in the cash situation and on a general
besrish sentiment prices hung somewhat
under last nights close. One large p-O-
fessional bought IN to some extent and
buoyed the market for a time. but when
he threw over his purchases the crowd
went short and May slid of 70 604t. The
general situation was almost unchanged.
Clearances were very small and the move
ment was light Colder weather was
predicted in the feeding country and
the freer movement expected west showed
no signs OF beginning at once. There
were several littI spurts Of activity in
corn and near the close the early short
sellers took profits. This brought
-sIBo Is sI5A slGIe0sH -t1I9 Ispun spBqs
2 lSTUo pssoIo 6BV puB UOqEpuo0 kpBsls
Oats had little life and followed corn
closely. Prices fuctuated over q range Of
only i cent, though there was a slight
decline from yesterday. The steady tone
at the close came on the revival of corn
strength. May closed only Is cent down,
at 435s. Receipts were 70 cars.
Provisions were quiet bur were de-
pressed by a general selling following
the early grain weakness.
Hog receipts at the yards were very
light and brought better prices, but the
sentiment was more bearish than for
weeks May pork closed PIC down
l577lz; May lard. 5G7izc lower. at S94o6p
2 a21s, and Nay ribs at cents lower.
at SS45.
Estimated receipts for tomorrow
Wheat. > cars; corn . cars; oats, 81
cars: hogs, 1000 head.