The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1904-02-03
MARKETS TODAY.
Wheat Takes a Big Stride
Toward Dollar Market.
BulliSh Sentiment in Corn Pit
and Heavy Trading.
LIVE STOCK TRADE.
Cattle Higher, Natives Selling
at $3.50 to $3.50.
Bulk of Hog Sales Made at
$3.50 to $500.

Chicago, Feb. 3.-WHEAT-The price of
wheat took a big stride toward the dol
11ke over last night closing figures, the
May delivery selling at $3.50. The rise in
of the market and the anxiety of shorts
to cover. There was also unusually
good commission house demand for both
May and July. The most prominent
holder was also reported as having added
considerably to his line. Opening quota
lions were higher, due to strong cables
and the more serious aspect of the
situation. May was up 14Q3sc to 3sQI12c,
at 92as2Mc, while July was ease higher
at S31z4S3@4c. The price rose rapidly from
the start and May was soon selling at CSC,
While July had touched S37s@S4c. Profit
but on another the price was sent uD to
$3.50. July held around S3$4c. Minneapo-
lis, Duluth and Chicago reported receipts
of 226 cars against 222 cars last week.
as the session advanced. Shorts were &C
tive buyers and there appeared to be no
let up in buying by the bull leader.
Within the last half hour of trading May
oyer ve sIiI at sose sa 1i e74g7se
caused some action, and final figures
We're at 93?s q9Ss4c, a gain of &c for the
1850.
CORN-BuIlish sentiment -pervaded the
corn pit and the volume of trading was
large. The market was Influenced by the
same conditions as affected the wheat pit.
The opening was steady on higher cables
with May Aq1Rc higher, at 521sQ527sc.
The same interest that is said to be
manipulating the wheat market was
again a heavy purchaser of May corn.
In response to this demand an6 on cover
ing by shorts the price rose gradually
until May had reached 5314c, advance
of 1Ssc over yesterdays close. There was
some realizing, but prices were well main
tanned. Local receipts were 215 cars.
May continued to advance. The feature
in trading was the apparent scarcity of
offerings. Just before the close the price
Of May touched SOC: which was a gain of
were practically at the top at 547s@55c.
OATS-The price of oats kept pace with
the advance in other grains. The best
buying was by local shorts. After open
447sGt45c, May steadily forged ahead until
it had reached 455sc. Local receipts were
81 cars
Oats advanced along with other grains
but the situation in that pit was not quite
so bullish as in wheat and corn. The
May delivery sold up to 4614c, or 1ssd11zc
above last nights close Final figures
were at 457sc, net gain of 1Q115c.
PROVISIONS-The strength in the grain
markets and the advance in the price of
hogs at the yards caused a strong prOvis-
ion market There was an improved
speculative demand and shorts were also
active buyers. May pork opened 2lz@71zc
higher. at s13.471z13. 5215, and advanced
gradually to $13.65; May lard was up nc,
opening at $50: ribs opened 5d71zc
higher, at Sc scat. S21b, and held steady at
WHEATsCash: No 2 red. s4as1 90: No.
red, Ssd99c; No. hard, S3Q81c; No.
hard. 75ds6c: No. northern, S0d92c; No.
2 northern. S7@s2c; No; Ssprings Ssqslc-
OATsINo. 2, 41sc: No. 8, 406401zc.
RYEZFeb., &c: May, &c
FLAX-Cash: NV, s1.1S; S.-W., N.n;
TIMoTHY@Feb.'. sos; March, 1910.
CLOVER-Feb. S10.75.
BARLEY-Cash: 3SQ60c.