The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1904-02-10
GRAIN MARKETS FIRM
Wheat Advanced Some, Corn
and Oats More.
PROVISIONS WERE HIGHER
Pork Sold Up a Dollar a Barrel
or More.

Chicago, Feb e.-The market was strong
in both grain and provisions, May pork
10c May lard 25c, and May ribs &c higher
May wheat finished 1G1bc higher, May
corn 114@17sc higher and oats up 1850.
The active speculative demand which
caused the sensational advance in May
become alarmed at the seriousness of the
war situation. Commission houses, how
ever. were also heavy purchasers. Pack
ers reported an improved demand for
foreign shipment. Higher prices for live
hogs at the yards caused firm opening
in provisions, May pork being up 2t9G71zc
at s13. 7OQ13. IS. May lard was 5a71zc high
er at s7.5711dT. 90, while ribs were PIC
higher at Sc. So. On the placing of a large
order for May pork by a prominent house
shorts stated to cover. Offerings were ex-
tremely small, however and in efforts to
supply their needs the prices forced rap
idly upward. There was some profit taxi
ing at that figure and reaction followed,
but The close was at Sl4.70, a net gain of
81 .021z for the day. May lard closed $50
2712c higher at s7.U1597.S0. after selling
between $3.50 and $3.50 Ribs were up 90c
at s7121s after ranging between $3.50 and
7.121z. One explanation of the sudden and
sensational advance in price of May pork
is small stocks of barreled pork which
rendered the market nervous and exceed
ingly susceptible, only 10000 barrels of
pork in Chicago, it was all sold here to-
day. and probably IS, 600 barrels more were
disposed of in the pit.
Open hostilitieS in the far east had a
buoyant influence on wheat from the
start Initial sales CT May were 1sG2sc
higher at 941sd949sc, with July at S4}44
S47sc Trading was quiet the early part
of the session and the volume of business
much smaller than for some time past.
The quietness, however, was due to scare
ity OF offerings more than to any lack of
disposition to buy Commission houses
had buying orders and the demand from
this source gradually firmed prices up
ward. The market became more active
later in the day and prices showed fur
Their advances. An improved foreign de-
mand was reported from the seaboard.
The late market was decidedly strong.
After selling at 951sc May closed 1Gllsc
higher than yesterday at 95G95lsc. Final
figures on July were at the top at $3.50,
net gain for the day of PIC. Clearances
of wheat and flour were equal to 191. 600
bushels Primary receipts Were $4,000
bushels, compared with 56S,200 bushels a
year ago. Minneapolis, Duluth and Chi
cago reported receipts of 362 cars against
3S2 last week and 1896 a year ago.
The feature in trading in corn was the
active demand from the principal bull
leaders who were heavy sellers yesterday.
After opening AG17c higher at 53isd5S2sc
May corn ranged between sac and 54i9c
closing at the top. July sold between O7sc
and 52I5c. and closed 15sc higher at 52lzc.
Local receipts $50 cars. one of contract
grade.
Oats also made good advance In prices.
although the volume of trade was not
large and without significant features
Closing prices were strong and at the high
point. May opened Ag%c higher at 421s
G42Hc and after selling between 42isc and
43ISc closed at the latter figure. July
ranged between SsG3S1sc and Ss14c and
closed at $3.50. Local receipts $40 cars.
Estimated receipts for tomorrow: Wheat
90 cars: corn. 1856 cars: oats, B5 cars; hogs,
IS. 600 head.
r-.It,,.r f,,t,,rae rapuad follows.