The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1903-02-17
MAY PRODUCTS
CLOSED FIRM
Provisions Advanced From
Ten Cents to a Quarter.
WHEAT AND CORN HIGHER
Longs Showed Disposition to
Close Holdings Out.

Chicago, Feb. 1s.-There was quite gen
| eral liquidation in the grain pits today
but a better feeling developed toward the
| end of the session and wheat closed
strong. with May lsc higher. May corr
was up lsd54c. but oats were 1sQ1.c lower
| Provisions were strong and the May prod
ucts closed from I0d22ls@2Sc higher
There was little outside buying in wheat
the trade being mostly local and even
that was of hesitating character There
was disposition among longs 10 sell
out. and the selling for short account was
quite pronounced. Cables were barely
steady, which caused the market to open
about unchanged, May prices being a
shade lower TO a shade higher at 714sG
Us4c- The weather conditions were bear
ish, SHOWS being reported over the greater
portion of the winter wheat belt and an
Increase of 54l0l0 bushels in the visible
supply also added to the selling pres
sure. and with little support prices de-
clined. May selling OF to TIC. The weak
ness continued the greater part of the
day, but toward the end of the session
there was fair buying for eastern account
and short covered freely, which brought
about rally. the close being strong, with
May 1sc higher, at 7+Qa4nzsc, after sell
ing UP 10 Use. Clearances OF wheat and
-four were T0S, coo bushels against 633 90
bushels year ago. Minneapolis and Du-
luth reported receipts of i46 cars. which,
with local receipts of q cars-l of con-
tract grade-made total receipts for the
three points of 4l3 cars, against 80 cars
last week and As cars year ago.
Corn held fairly steady for. time but
eased of in sympathy with weakness in
other grains. There was little feature
to the trading. which was rather dull
AS prices weakened considerable long
corn came out by commission houses and
there was also free selling for the short
account. better feeling was manifested
later in the day on good cash demand,
while the late strength In wheat also
aided the upturn. The close was strong,
with May bd4c higher. at 45isG45i.c. af-
ter selling between 44asN452.c and 45L.c.
Local receipts were 400 cars, none of con-
tract grade
Oats suffered a sharp decline early in
the session a result of general selling
by discouraged holders and on lack of
support. Liberal receipts and the increas-
ing tendency of stocks tended to induce
free selling. Shorts covered on the breaks
and rally occurred late in the day. in
sympathy with wheat, the close being
about steady, with May of isGi.c. at 3s1zc
after ranging between 36c and 36as Q36a.c
Local receipts were 339 cars.
Provisions were remarkably strong. es-
pecially the July deliveries. Scarcity of
hogs and the small stocks of provisions
were the principal bull factors. Shorts
were active buyers throughout the day.
and there also was a fair demand from
local operators. including the packing in
terests. The close was strong with May
pork 2212d25c higher. at $l7.s5a17. 37i.. May
lard was up l0ql21.c, at $685. with ribs
loc better at $9.57H.
Estimated receipts tomorrow: Wheat
80 cars: corn 335 ears; oats. 165 cars;
hogs, 81, coo head aft