The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1902-03-12
HHEAT i OFF AGAIN
Lost Three-Eights of a Cent
on Rain Reports.
CORN AND OATS 60 UP
Provisions Were Dull but
Slightly Higher.
CORN AND OATS 60 UP

Chicago. March u.-Speculators who
we're expecting a Jumping bull marke-
OF the strength OF the buIlish interpre-
tstion put on The government reserve re-
pert. were disappointed. There was an
e-rly sEOrt-lived spasm Of strength as
result Of TIE bulHSn eject the report
had last night On the curb, but rains IN
the southwest depressed wheat and ether
I-ts lost much Of the gains sympathetic
ally Al -he close May wheat had lost
S,u1zc, May corn had gained z. sc. and
Nay oats was &c higher Provisions
closed 2is &c 11c higher.
Wheat felt bCliish at the start, having
10r IL upturn influences better cables,
Hight receipts md the government report
p he latter was not cumulative, but based
o. former ngCrcs the farmers reserves
estimated Al , per cent indicated l56.lll,-
CD bushels n reserve. " heat traders also
faC an eve on corn. which was expected
L. take q big jump. When IL was seen
that corn bulls received the news Of tire
shortest corn reserve on record WIN
aQathy, wheat longs lost hope Then
came recUrreI- adVices OF rain in Okla
homa and Texas. At this the profession
all fOrsOOk the bull side plenty Of grata
came out for sale. ard the market turn
81 bearish The late Liverpool cables
we're easier. and Paris was down The
coarse grains also lost some Of Their
early small show OF strengI and May
At l71zQT1c dropped 10 To- c. with coca
SIGNAL reactions. The close was weak,
axe lower Tor NAY at 1914 lo7~c. To-
days trade seemed simply To follow the
custom for some time past or selling on
government reports Receipts were =
cars, one contract. Minneapolis and Du-
l'tE reported 20 cars, a total for the
three points OF 3l8, against $50 last week.
and 80 a year ago. Primary receipts
were 1900 bushels, compared with 5lS,-
CO.. bushels last year. Seaboard clear
streets report showed a decrease of L.,
$500 bushels in the worlds available
supply. The seabOard reported g loads
taken for export. Although corn prices
held in the main better than yesterday s
close. there was disappointment over the
fact that the crowd did not take % the
buliish view Of the government report
and support the market The reserves
IN first hands were estimated at y per
cent. and were figured cut 10 be 3SA.po tD
bushels. compared 20 ll5,-.4,lr1 bushels
last year. This started an early oqli
movement, ana with the continued light
receipts bay opened leffss 70 asIAzc higher
at 81 Q62-sc. There was, however. no
prominent buying in sight and the south
vest sold literally The market turned
heavy and on the mild weather trade
Jagged. Big holders OF long lines stood
Dy ard watched. May slid OF 20 6i5-
5ISsc. helped somewhat by the wheat
weakness The close was rather firm, 2.
ff7sc higher, az &c Receipts were 1S5
oats showed little effect from the action
Of the other pits or the government report
influence The market opened only barely
firm. With corn. and on the fact that
IT, 80 bushels had been withdraw from
contract stocks for shipment. The gov
eminent estimate reserves AT 80 per cent
which was figured out - he rs 909. ODD
bushels. or nearly 10000 Do rIl9lels short
or the usual supply. The talaEr was in-
Ciined 70 the view that it would take two
or three days before the fun bUllish ef-
feet of this estimate would Pc felt. May
was somewhat errattC, though trade was
dull. May sold as low as 4sizc and closed
firm. &c Up, AT 42sc. Receipts were ~
cars
Provisions were dull. but slightly higher
or the Improved hog market. The open