The Wichita daily eagle., 1894-03-01

| CHICAGO. Feb. 2s.-Whcat today advanced
| on war news, but weakened on the increased
visible supply, closing with a loss of ss cent
| for May. May corn closed unchanged; May
oats a cent higher. and provisions little
| lower for pork and ribs, but unchanged for
| lard.
Wheat opened firm, with May % cent
higher on the rumOrs Of war in Europe, and
soon scored half cent advance over last
| nights closing prices. For a time the advance
was well maintained, the market being dull
and firm; but the market news early in the
day, aside from the war talk was Of rather
neutral character, and where it was not so,
it was slightly bearsh. The northwestern
| receipts were much larger than they were on
| the corresponding day Of the year before; the
cables reported slight improvement in the
Liverpool market, and the weather was
sprlnglike. Exports from the Atlantic ports
were liberal of -four, but very light of wheat.
Up to the time of the receipt of Bradstreet s
visible supply report, the chief anxiety of the
| rank and file in the wheat pit appeared to be
to learn whether or not Blooms wheat had
been sold out. The general opinion was that
about 100000 bushels of it had been disposed
Of and that the remainder was being looked
for. Export clearances for the day from the
four principal Atlantic ports were only ,S65
bushels of wheat, but the flour brought the
clearances up to the equivalent of 22j 900
bushels. New Orleans, in addition, shipped
$1,000 bushels of wheat The trade was the
lightest during the forenoon that mas been
seen for many days. There appeared to be an
entire cessation of orders from the outside,
and the local talent were not disposed to do
much. The opening price for May was about
sixty cents. There We're sellers at from 60A to
90 cents, and buyers at above the latter
Greater firmness succeeded for few minutes,
with an advance from 60 to 60H cents. That
was succeeded by "a dip to 597s cents, and a
sale as low as 59Z cents. A recovery to COZ
cents, and later to sos cents took place, and
during the greater part OF the forenoon the
fluctuations were between 80 and 6O4 cents.
After Bradstreets figures on the visible supply
were published the price fell to 591s cents. Ac-
cording to that authority, the stock of wheat
and -four east of the Rockies decreased
1.507 900 bushels, and those west increased
152 ,00O making the net decrease 1855, 900 BUSH
els. Europe and afiOats for Europe increased
1892 900 bushels and Australian stocks in
creased 100000 bushels. The stock of wheat
and flour in the world, according to that
present, increased $4,000 bushels. The clos
ing phase of the market was one of weakness.
The late cables We're, in the main, firm, but
the figures referring to the visible supply We're
considered very discouraging and decline
the first slump, and May closed at the bottom.
Corn was quiet but firm. Transactions
were small and confined mainly to room
traders, the entire range for the day being but
1s@14 cent. The action of wheat and re-
ported better cash demand from the East
were principal factors in producing strength.
The opening trades were at trifie advance,
and after selling off little, rallied 1sG4
cents, eased off again and ruled dull and
1.<1 ~ u -r1x
Oats were steady with a moderate trade, but
no feature of striking Importance. The prices
were at a e cent range, and closed Is cent
higher than yesterday. The Obtainable sup
ply decreased 2l0OO0 bushels and receipts
were 52 cars, with I55 cars expected tomorrow,
which aided in holding prices steady. The
close was at the top.
Provisions opened strong and higher. on
the advance of live hogs at the yards. The
market continued to improve to moderate
extent on the firmness developed in wheat
The volume of trading was better than usual.
In the absence of any support little later on,
the market became quiet and easy, although
the undertOne was firm. The most cOnspicu-
Gus selling was by prominent foreign com
mission house, while two leading brokers
were the prominent buyers. There was very
little doing during the balance of the session,
and there was no material change in the con-
ditiOn of the market. 1t continued to rule
firm on the brokers' renewing their support,
and the scarcity of offerings until near the
close when it became weak and lower in the
absence of buyers, with the final figures at
the inside series of the day. Compared with
last night May pork is 21s cents lower; May
lard unchanged and May ribs scents lower.
Estimated receipts for tomorrow: Wheat.
Al cars; Corn, 4l0 cars; Oats, l55 cars Hogs,
% 600 head.