The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1902-03-02
N GRAINS
Alarmed Shorts Cover Sud-
denly and Oats Jump Up.
SHARP REACTION FOLLOWS
Wheat and Corn Register
Closing Losses.

/ Chicago. March Ian excited day.
sasrket held the attention Of spectators
IA grains today Alarmed shorts veret
50 hurriedly that Msy oats jumped III
> cents. and old grains strengthened \
sharp reaction followed and Nay wheat
closed = cents lower. May corn "a
/ cents lower. and Nay oats only SsaI
cents Up. Provisions closed a shade to
5aSls cents lower.
The early furry IN oats was the out
come of a report that the heaviest holder
o. May oats was ordering nuGiter mixed
cats cut OF regular elevators FOR the pur-
pose OF speaking as much as possible OF
contract stock out OF Chicago. Short
regarded this Il challenge and for tn
I first hour there was a lively scramble l.
cover. There was some fear that an al
tempt was being made to force values be
f. re the government crop report was is
sued. which is expected March 10 Re
Ceipts continue slow, and there are "a
indications that point 10 an early in
creased movement. Storms are breaking.
w the roads These influences aided II
the manipulation which did no. come en-
tireiy unexpected. Nervousness prevailed
all morning. and the trae was heavy
May opened a 4 to = cent up. At s4Ss
&c, eased mcmentarily 10 s4sssi4tNc, and
then went upwards with quick jumps t.
slzc. one buyer got nearly 1.N0,80 bush
els at the high fig1Ira- Later the markec
Csuieted down. and or an absence OF dc
Hiand prices slid back as quickly as they
advanced May touched 4fZc and closed
sim firm, ss9izc higher, at 447sdH5c. Re
ceipts, 81 cars.
Wheat was active ct times. but with a
declining tendency that was checked by
the strength early in the coarse grain
Trarkets. The range was small ana trade
rot heavy. and all told there was little
Of Importance doing. Damage reports
continued 10 come in from the southwest.
hui ths crowd was slow 70 believe them.
and on the heavy rains the feeling was
inclined 10 be bearish. English cables
were rather firm, and the sharp bulge in
cats and the corn str myth helped an
early firmness. TIE outsider was buying
hui the prevailing sentiment seemed u
lack confidence. Sellers at the same time
were cautious. There was 10 demand
for cash wheat and there was nothing
significant N receipts. May opened a
shade higher to a shade lower Al 7-0767sc.
held steady near these prices the first
hour or so and then. when corn broke
eased of TO 761zc. May closed easy, 2se
lower. at 7f7zQ76ssc. Receipts were p
cars, none contract. Minneapolis and
EtIuth reported t5e cars, q total for the
three points Of 3S2, against POI last year
Primary receipts were $4,000 bushels
compared with $4,000 a year ago. sea-
board clearances amounted to S2S.00J
bushels.
Corn was active and somewhat nervous
Early N the session small acceptances
over night and higher southwestern mar
kets armed the market. Cables were
slightly higher but were Disappointing 10
bulls. as were he increased receipts. But
the dpturn in oats held corn 70 its
strength. and May opened 5sGisc to =
shade lower al 5ozs662isc. Fluctuations
we're narrow just after the opening. and
Nay sold up only 10 62ikc. As soon as
oats started TO react corn holders began
To unload and the market turned deci-
dedly weak. EtOp orders came out freely
around &c. The cash demand vas dull
end although the weather west was still
stormy country offerings were liberal.
Nay broke. the offerings being taken
nc silly by shorts and holders OF privi-
leges. May sold as low as 6lL66issc. and
closed heavy and weak. zG7sc lower AZ
5i2sc Receipts were 204 cars.
Provisions opened with a better tone
Ihe light receipts and higher prices a;
the yards were factors. Commission
houses did some small buying and fur
her advanced prices. Or the bulge pack
Frs offered freely. considerable ribs wers
scld and on the grain stomp prices eased
under yesterday. May pork closed 21kc
lower. at S15.zj: MAY lard unchanged at
= 37ls. and May ribs 5q71ec lower. II
s. 356S. 3Ts.
Estimated receipts Monday: Wheat
. cars; corn, 10 cars; oats, s. cars,
logs, 80 90 head.