The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1902-03-14
GRAINS FEEL SPRING
That Tired Feeling Works De-
cline in Prices.
OPENING WAS BRIGHT
Good Strength Gave Way TO
Lower Close.

Chicago, March 13.-Weokness charac-
terized the opening and good strength de-
veloped later. particularly IN the coarse
grains: but in the end the usual spring
tine decline seemed TO be in order and
-day wheat closed 7sqlc lower; May corn
i@Qss lower and Nay oats sc higher.
Provisions after opening strong closed d
shade TO sc lower.
There was q little decisive news il
wheat Gales were not responsive. Nor
thern receipts were increased enough
10 De bearlsh and u was generally con-
ceded that there was rain enough Tor the
wheat states Tor the present. The wea-
rher was ses souabie and statistical our
nals gave decidedly e4riSh advlces- In
der these influences May wheat opened
3 10 Sc lower at 1914 10 IS Sc Corn
showed some strength and helped wear
back 70 its yesterday 5 closing position
There seemed for q uIne 70 be an effort
on the part of local leaders 20 bull the
market but the covering which advanced
May gave way on heavy selling Tor St
Louis and Is wss evident that II was boil
STEERING that aided the tone Spring wheat
seeding has cen started and there Seem
cd to De an inclination 10 let wheat ind
level for export AdVices from the
east say that foreign markets are pre-
terrlng Manitoba wheat TO our exports.
Farmers are reported blowing the worst
wheat fields and damage reports stil
u -
depressed prices OF May down 10 75izc
and the close was weak; May sale lower
al l51zI sc. Receipts, 4 cars on con-
tract, Minneapolis and Duluth reported
So cars, a total for the three points q
- cars against 80 lasL week and ~ a
year ago. Primary receipts We're Al go
bushels. compared 10 45I, 600 bushels last
year. Seaboard clearan noes eQuaned s04,-
o00 bushels. The seaboard reported 30
loads taken for export.
Corn made the best show OF strength OF
any OF the pits. Prices were al a little
decline 2 the opening. II sympathy with
wheat Good support, however, oevei-
Oped az once Southwestern markets
We're higher and sent IN buying orders
Gables were slightly Up. receipts were
small. the interior movement was slow
and reports had it that there vas a good
feeling demand There was also 1air
immediate shipping demand Prices soon
broke away from the depressing influ-
ence OF wheat and even helped that ce-
real to some extent May corn barely
sold up TO e92ic. Then came the wheat
break and liberal selling of corn on
spring Influences followed. Nay lost It's
hold and sid OF 10 617sc, closing at that
lgUEe; weak, "a sc lower than yester-
DAYS close.
Receipts 10 cars.
NThere was some small action IN Nay
oats today. and for . time Il was thought
the expected furry was at hand. Prices
Of other options were slightly lower. but
May started unchan geC- The heavy
long holdings in MAY still kept the shorts
on teater hooks. When corn and wheat
broke May lost some Of its gain. but
other options closed easy. May closed
isc higher at 45izc. Receipts still con-
tinue small and were only IS cars
Provisions, steady: the opening firm
and higher on better prices for hogs. and
there was 4 further advance on buying
of pork and some ribs. Brokers supplied
the demand easily and the late grain
wea less took the strength out o. the
market Nay pork closed sc lower, at
sl5.49, May lard. PC down at $40 and
Nav ribs a shade of at sS.40dS. 42is-
Estimated receipts tomorrow: Wheat,
80 cars; corn, 80 cars; oats. 20 cars; hogs,