The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1902-02-22
PITS TURNED HEAE
Grains Have Another Dull,
Narrow Day of 1t.
HOLIDAYS BAD INFLUENCE
Days Close Is Lower With
Wheat in the Lead.

Chicago. Feb. 21.-Grain had another
slow. monotonous day. Most OF the light
trading was evening up nj preparation
of the holiday on change tomorrow, but
bearish sentiment. especially in corn,
eventually turned the pits weak and
Nay wheat closed Is cents lower. Nay
corn 5sd24 cents lower and May oats 3
cent off. Provisions closed unchanged to
5 cents higher.
Wheat conditions were little changed.
Foreign news was slightly bullish and
domestic the reverse. Closing up deals
started the market trihe lower. but so
tame was speculation that fluctuations
the first part of the session were hardly
noticeable. There was little interest in
the market and the pit was almost with
out feature. Cables We're about steady.
Argentine shipments were much reduced
from last years. Northwestern receipts
were larger and are expected 10 be larger
for som time, owing TO line elevator
shipping into their terminals. The pre-
vailing sentiment was TO sell for d mod
crate break, but the experience of short
sellers in both corn and wheat for the
last few days held the feeling in check
TO some extent There stiIl holds out the
depressing absence of outside business.
Eventually the southwestern markets be-
gan turning weak, the corn was effected
bearishly and wheat turned the scale and
slipped downward. When the bearish
feeling was we'll manifested in wheat,
bulls had a prettey hard time OF It sup
porting the market. May, which opened
a shade higher TO M0E cent lower, at
1SAQlS, haggled for a long time, then
declined TO M and closed weak. s. cent
lower 2 Of f,a RI
ism Influences was the advice yesterdays
export sales were for Manitoba wheat.
Cash business today was only a triie
better Local receipts were y cars, one
Of contract grade; Minneapolis and Du-
luth reported sos cars. making a total for
the three points of 81 cars. against 26S
last week. This day last year was a
holiday. Primary receipts were $500
bushels. SeabOard clearances in wheat
and nours eQualled 39l, 900 bushels. Ar
gentine shipments were $4,000 bushels,
compared 10 10000 bushels last week,
and l,032 600 bushels last year. The sea-
board reported y loads taken for export.
There was more interest today in corn
than in wheat. Bearish news was in
the majority and sentiment was nearly
all on the selling side. Corn fought de-
clincs stubbornly, however, in a way to
puzzle the trade Cables were steady
little higher than yesterday-and Lon
don reported light yield promised for
Argentine. Southwestern markets had
light receipts, but persistently sent in
bearish reports. There were reports of
acceptances from several quarters, mostly
70 rsmall lots. but conservative houses
repeatedly denied that the country was
Offering more freely. St Louis. how
ever. broke sharply and sold under Chi
cago the first time in q long period. The
bright weather had added influence and
prices here broke. May. which had hung
steadily around 62l4, declined TO CO.'S and
closed down ssqs4, at 6024. Receipts were
10S cars.
Oats were dull and embarrassing. Trade
was exceedingly light and the depres-
sion was due largely to lack of support.
As Tor some time past this market fol-
lowed corn like a faithful servant May
closed weak at its lowest figure, Is cent
down, at 1875. Receipts We're 131 cars.
Provisions had a good tone in contrast
with the grain weakness. The hog mar
ket was strong and a fair demand from
commission houses. together with Some
scalping short covering in pork. held
prices for a small advance Options
huctuated very narrowly May pork
closed cents higher. at I517iz; May lard
at $40, unchanged; May ribs 2la cents
up. at Sf5GS47lk.
Estimated receipts tomorrow-Theat
10 cars; corn. 80 cars; oats, 103 cars;
hogs. q 200 head.
Nete-Chicago stocks and bonds will be
closed tomorrow.
GRAIN AND PRODUCE MARKETS
Chicago.
Chicago, Feb. 4.-The leading futures
ranged as follows: