The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1902-03-08
BULLS TAKE HOLD
All Grain Markets are Given
an Upturn.
REPORTS OF CROP DAMAGE
Registers Some Grains in All
Pits at Close.

Chicago, March 7.-Speculation in grains
was again game today until just before
the end Of the session. when the develop
ment Of fair export business augmented
the influence OF the usual crop damage
reports and gave all markets an upturn.
Nay wheat at the close registered net
gain OF sc, May corn Sc and May oats
&c. Provisions closed 10 l. cents higher.
Wheat was slow most OF the day be-
cause OF the difference OF opinions in the
crop condition Weather predictions were
for showers throughout the suffering
country today, anG even rumOrS OF light
showers came TO hand. The damage re-
ports, however. showed Kansas in a bad
way, and bullish advices kept coming in
from Oklahoma. Texas, Indiana and Ohio.
Gables We're firm and northwestern re-
ceipts were very light. These last two IN
Iuences brought firm condition shortly
after the opening. which because Of rain
predictions started May sc lower 10 IN
changed For the greater OF the session
life was gone out OF trade. The reports
from Kansas May eSse0 May Temporal
rily to 1850 SIC, after having sold at
1850, but with the arrival Of information
Of q better export trade there came
good bulge. This market worked ten
leads and New York reported three loads
taken Tor export shorts began covering
and some fair buying developed late. May
sold up with squirt to 17Ssc, and closed
very hrn. Sc UP, at 77i4c. Local re-
ceipts were II cars, none Of contract
grade. Minneapolis and Duluth reported
II cars, making a total for the three
points OF lSS cars. against 406 last week
and 40 year ago Argentine shipments
were 1,06s 600 bushels for the week.
against 1,69S. 900 bushels the corresponding
week last year. Primary receipts were
$4,000. compared with $4,000 bushels
year ago. Se2board clearances in wheat
and -four eQualied $4,000 bushels.
Corn was duh and followed the lead or
wheat. Cables were Indifferent and the
frmness of the market was due chiefly
to the absence Of selling pressure. Trade
in general was a scalping aftsir. Oner-
inSs were small and receipts reported no
acceptance OF cash corn from the coun-
try Traders were looking for a gradual
falling of OF receipts for som time 10
come. The opening tone was firm and
a few commission house purchases adj
vanced prices. Fluctuations. however,
were very narrow. Corn followed in a
measure, and May touched 62isc. closing
firm, sc up, at 62q6zisc. Receipts were
102 cars.
oats were very dull but prices frmed
up a bit on light offerings. Talk OF an
improved cash demand helped the specu-
latlve mood. though traders were lighting
shy Of May options. Country offerings
continued small and receipts were only
fair at l01 cars. May sold as low as "A
cents, and with corn and wheat rallied 10
H5sc. closing sc up, at 44i2c.
Provisions opened with good tone on
an improved hog market Trade was
quiet, but the commission houses were
fair buyers taking lard mostly, and that
held well Offerings generally were
small and cash demand fair. May pork
closed Is cents up. at xlo.4pi May lara
5 cents higher, at g. 42ia and May ribs
5a7Ikc higher. at Ss.311anS. a..
Estimated receipts tomorrow; Wheat
Is cars; corn, los cars; oats. 80 cars;
hc gs. eco head.