The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1902-02-07
Dull Day N GRAINS
There's Little FIuctuation in
the Grain Pits.
DAYS CLOSE Is HIGHER
Reaction of Prices Saves Mar
ket From Sag.

Chicago. Feb. 5.-Speculation in grain
was dull again today, and the markets
were characterized by little fluctuation.
At the outset the sentiment was bearish
but with the advance Of the session trad
ers seemed TO be ready for a bull turn
and prices reacted well. May wheat
closed ssQ1zc higher. NAY corn &c higher
and May oats sc advanced. Provisions
late took good squirt and closed 7i59
10 TO 171zc higher.
Conditions for wheat traders were little
changed. Cables were only slightly low
er early reports of the conditions OF the
growing crops were rather favorable and
May opened with some selling &c lower
TO unchanged at 775sd772sc and dippel to
l1l4q7c. Profit taking By shorts set
in soon after the opening and spectators
began TO change front. 4 prominent trade
paper reported the growing plants unus-
ualy susceptible TO weather conditions
which had some bullish effect. May
gradually sold up and fuctuated very
narrowly there was some fear that the
market might be oversold, but small
advances IN the outside markets and
slightly better cash situation as an IN
dicated by a better export business at the
seaport probably helped most in the late
squirt Receipts were 50 limited-ouly
one car today-that bulls began talking
though there was some effect from this
factor the reports that shipments would
be good II cars could be held neutralized
this influence. May at one time was sell
ing at 7S1zc and closed after another dip
from ssaiz to hikher at 7SisTtic Mime
apolis and Duluth reported 217 cars re-
ceived, total for the three points Of only
2lS against 341 last week ard 81 q year
ago. Sales OF 10000 bushels since yes
terday for the seaboard and "a loads at
New York were reported. Primary re-
ceipts were 33l 900 bushels compared with
$4,000 bushels last year Seaboard clear
ances In wheat and -four equalIed 10. 90
bushels
Corn worked much the same way as
wheat. There was some little bearlsh
sentiment on lower cables Fluctuations
were limited 70 q range Of 1adSsc follow
ing largely the lead OF wheat Stocks
both at Kansas City and St Louis were
reported rapidly diminishing. Receips
were very small and the tremendous dis
crepancy of this years exports was
shown in the report Of the total seaports
of only 5.sS6 bushels compared with 6S9.-
600 year ago. Shorts covered to some
extent and on the upturn May sold at
62ssG15c, closing rather firm, &c up at
653sc. Receipts were twenty cars.
Oats had another comparatively fat
day. The carly support came largely
from wheat and corn though later there
was some small show of independence.
Trade was narrow and of a local charac-
ter. The opening was slightly bearish,
but toward noon the bullish sentiment
held sway and May sold up 10 44ssG1ac,
closing firm, sc higher at 442s9441ac. Re-
ceipts were Il cars.
Provisions We're dull until just before
the close. The start was slightly better
on a better hog market and some COM
mission house buying. Late in tn ses-
sion packers bought literally and after a
dip from the early firm prices products
sold up strongly. MAY pork closed 17Isc
higher at S16.0215; May lard 71zG1oc UP at
s9.55 and May ribs Ice higher at SS5715.
Estimated receipts tomorrow: Wheat,
: cars; corn, So cars; oats. 50 cars; hogs,
10000 head.