The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1902-03-15
COARSE GRAIN RULES
Corn Is Given Happy Surprise
BY Bulls.
WHEAT ALONE LOWERED
Bulls Take Hold of Corn and
Make Big Record.

Chicago, March i4.-Corn strength dom
/ II ated grains for the greater part OF the
session today. There were bearish fac
( tors al work in wheat, which finally pre-
vailed in that grain. but the cOarser &C.
real retarded for some time the looked
for decline and itself held firm At the
close May wheat was ssdSSc down. May
corn ?Q1kc higher. and Nay cats sc
/ lower. Provisions closed q shade lower 70
Sc higher.
Local bulls took corn in hand shortly
after the opening. and easily forced prices
up the better part OF a cent. Many bears
went home last night with short lines ex-
pecting a further decline today on yes
teTday's weakness. Gables, however,
were remarkably steady, there was fear
o. a general spread OF the cold wave IN
the northwest and leading bull started
II early TO bal out the offerings in the
pit Feeding demand west was good and
bad nothing TO sell. Kansas City was re-
ported bidding lc over Chicago II Iowa
shorts IN order 10 get out o. their light
place had % bid up for the scarce offer
lhgS- Inc cash situation was much i'm
proved, New England was buying and
the southwest was still bullish. The buy
ing here was good. but mainly by local
people. The sentiment for e time was
mixed, but eventually sided with the
bJllS. The break IN wheat had nothing
I but q temporarily easing effect. May
started unchanged TO &c Up at 617sQs2izc,
advanced 10 J39sQ624 c, essed moueuta-
rlIy, but closed firm. 2G5ac higher, at
a. 06ZZc. Receipts were q cars
Wheat & one time during the session
felt enough Of the corn strength and the
below zero weather 10 the northwest 10
acquire firm tone, and sell above yes
terdays closing price. After the slump
OF yesterday the cables had very steady
tCne. Commission houses were executing
fair buying orders early, shorts became
uneasy. The Illinois crop report indicat-
ing 4 condition or Els compared 10 3 ii
April a year ago. was not considered bull
ishly as the authorities stated there was
no complaint or winter Killing and the
roots seemed strong and the plant IN
good color The coarse grains aided ma
terially n the situation, but late when
statistical journals announced the west
ern condition favorable il the extreme
heavy selling set IN. 81. Louis and the
crowd were very bearish and prices SUI
fered a serious relapse. May. which open
ed q shade TO AI1zc Up. az l5fsfls5s4c, and
sold 10 10 757sc. dropped quickly 10
weak close. 6sQ3fc lower. at I47sc. Local
receipts were - cars, none OF contract
grade; Minneapolis and Duluth reported
81 cars. making a total Tor the three
points Of 20, against rs last week and
80 a year ago. Primary receipts were
$1,000 bushels, compared TO $1,000 bush
els d year ago. Seaboard clearances in
wheat and -four equalled 1900 bushels.
The seaboard reported - loads taken for
export.
Oats were dull and ruled fairly steady.
The cash business was reported somewhat
improved and the corn strength aided to-
ward better prices. The late break in
wheat. however, caused some selling and
4 decline. Gossip has IL that the leading
bull professional who has been credited
with holding almost 10.eHe.e bushels OF
May, has gradually been transferring his
holdings 10 July. Traders were predicting
that the latter option would go even
higher than May has been selling At. To-
day May was dealt in very spariugly.
opening lower. selling 10 Acc ana closing
isc down, at z52c. Receipts were = cars
Provisions early were weaker in sym
patty with a lower hog market Some
fair buying was done through brokers
for packers. but the late trade was dun.
For 4 time prices advanced well. but the
close was steady. May pork closed sc
higher at SIS. IS; May lard a shade lower.
at - 4Q9 AZ, and May ribs unchanged
at S. seas. 4Zia.
Estimated receipts tomorrow: Wheat,
81 cars: corn. IS cars; oats, s. cars;
hogs, 600 head.
GRAIN AND PRODUCE MARKETS