The Wichita daily eagle., 1894-02-06

CHICAGO. Feb. 5.-Wheat was weak today
and closed at She bottom, with loss of "a
cent for May and rs cent for July. The eau
of the decline were dull cables, large
northwestern receipts, mild weather and an
increase in American wheat and -four on
ocean passage. Corn closed with loss of
Is cent for May. Oats were II cent lower for
May. Provisions show but little change from
Saturdays last figures. Wheat opened
weak, with May 4 cent lower, at 6414cents.
New York reported foreigners selling moder-
ately there. The Liverpool market was dull
and unchanged at opening prices and Lon
don quoted the arrival of cargos increased.
Buying was moderate and after selling at IS
cent above the opening price, the market
commenced a decline, which continued, with
few reactions, throughout the session. Pard
ridge sold May above 641s cents and bought
freely at "a cents and under. He sold July
freely. The weather was not of that variety
that the bulls looked for, and the mildness
added to the weakness of the Market. The
amount of ocean passage was reported to
have increased S6S, 900 bushels for the week,
and this was disappointing to to the bulls, in
view of the comparatively smaller ship
ments from this country last week. North.
western receipts were again larger than
year ago. The visible supply showed a de-
crease of 81 600 bushels, but this had been
looked for and had little effect. AS the sess
ion neared its close, the market became
weaker and weaker. Extreme dullness pre-
vailed, and the price showed continued de-
cline, with but few light reactions, May
finishing wearily at the bottom. Nay opened
at 6414 cents, advanced II cent, and declined
- cent at the close at 6334 cents.
There was great deal of interest manifest
ed in the market for corn, price changes be-
ing narrow. An easy feeling was developed
and slightly lower prices were scored. The
fine weather, increasing receipts and large
visible supply were all factors which in
duced selling. Fluctuations were confined to
"A cent range, and after opening 4 cent
lower and advancing Is cent, May declined
with temporary reactions and closed only 1s
cent above the bottom figures.
In oats there was a fair trade and weaker
feeling prices declining Is cent and the close
was tame at the bottom. The offerings were
larger and especially at the last. The de-
preston was also largely in sympathy with
the break in corn. The opening for May a
cent lower and after an advance of Il cent,
the decline was attended with few reactions.
Provisions opened steady at Saturdays
final figures on the run of hogs at stock yards
being about 5000 less than estimated, and
higher pricesfor them. In the absence of
support, the local operators forced the mar.
ket down to a material extent. The decline
in wheat also contributed to the weakness.
as did also the loss of the early advance at
the yards. The volume of trading was very
light. Some covering, by a few shorts later
on, and a little buying by prominent pack
ing institutions, were responsible for a mod |
crate advance, and at the close the tone was
steady to firm with the final figures at Or
near the outside price of the day. Compared
with last Saturday, May pork is unchanged,
May lard 21a lower and May ribs cents
higher.
Estimated receipts for tomorrow: Wheat, |
l37 cars; corn, 925 cars; oats, 2l0 cars hogs, 49,
600 head