The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1902-02-04
GOLD L|VENS BULLS
Better Prices in All the Grain
Pills Result.
WHEAT PIT LEADS OFF
With Strength in Corn ant
Corn Traders Conservative.


Chicago, Feb. 3.-Cold weather and
growing bullish sentiment resulted II
better prices in al pits on the board OF
trade today May wheat closed with
net gain Of asG15c; May corn 1Q1bc, and
May oats sale. Provisions closed ga
TIC to Ioc higher.
Aside from the early weekly statistics
the news of the wheat pit was DulllSn-
Northwestern and local receipts were
small. Northwestern elevator stocks
were decreased; there was I2lr demand
and cables We're slightly UP TO start,
though their carly advance was lost The
cold weather and storms threatened a
slower movement and increased feeding
The coarse grains, especially corn, were
strong and reflected a good deal or their
power in wheat. The monthly report
from Washington gave poor showing
for the condition Of the winter crop
Shorts became nervous and set to COW
ering ana May. which opened shade
lower TO q shade higher at Is TO l6lic-
advanced. The visible supply was re
ported decreased ,444.000 bushels and sent
MAY TO 7Ss4c. Toward the end Of the
session realizing eased the tone slightly.
The ruling feeling, however, was nrm
throughout the day, and May closed nrn,
ssa1sc up, at SIC. OUTSIDE MARKERS Were
higher, but the absence OF any marked
outside interest in this market led TO
quiet trade. Local receipts were 1s
cars, ? of contract grade Minneapolis
total for the three points of $50 cars,
against 312 last week and OF for two
days last year. Primary receipts were
10000 bushels. against l,135,Vo Tor the
two days a year ago. Worlds shipments
were S 2S4. 600 bushels, compared with -
2S3 600 bushels last week and l5l2,oJ
year ago. The on-passage statement
showed an increase of 2.702,UuG DuSnelS.
Seaboard cIearances in wheat and flour
eGualled 10000 bushels. The seaboard
reported lethargy in exports
Reports that the cold weather would
continue for some time infused consider
able strength into corn and set bears a
guessing as TO the wisdom Of their atti-
tude toward the Pnarket. cables We're
firm, and receipts were very small. An
early investment demand began TO spring
llp and shorts lost heart and covered
freely. There was little corn Tor safe
early and May, after opening isf4rsc
higher sold up &c to Csc. The visible
supply bulletin read unchanged in corn
the first time in the history of the
board in such a connection. CaSn Dusl-
ness was restricted by light offerings.
Southwestern markets were bullish- Al
together corn showed a strong feeling.
Late in the day the advanced prices
brought some realizing, ana consequent
easier feeling. May closed strong, lGl4sc
up. at 63zseI6tc. Receipts were only q
cars.
Traders in oats kept near shore. They
feel that when something does happen
again in oats it will be decided. and they
are not anxious to be caught again as
they were caught last week. Conse-
ouentIv, the oats market was small,
though it followed corn and showed some
strength. May opened well UP, but tuct-
uatiOns were over a narrow range. The
close for May was firm. CSC to &c higher,
at 442tc. Receipts were only 81 cars.
\ better cash trade than has existed
in provisions for some time, together
with the grain strength helped prices
well. The opening was lower on increases
in stocks. but pork had a good demand
and advanced other products. MAY pork
closed 1Oc up, at Sl5.S7la Nay lard SAME
higher. at S9.45, and May ribs 5Qf2c up,
at $S47.
Estimated receipts for tomorrow:
Wheat 30 cars: corn, 20 cars; oats, 81
cars; hogs, 81, 900 head.