The Wichita daily eagle., 1894-02-20

CHICAGO, Feb 19-Wheat declined u.
cents today. and closed with a loss of q cent
for May. May corn closed 3s cent lower, May
oats "a cent lower, and provisions lower all
around.
Wheat opened n cent improved compared
with its value at the close of Saturdays sess-
ion. There was a lack of enthusiasm at the
advance, and such as there was got easily
equelched by the execution of few selling
orders from outside sources, notably from
New York. The better feeling at the start
was due to an advance of from a to Is pence
which Liverpool reported at the opening.
That advance was accompanied by the re-
port that there was hard frost in England.
There was also some talk of a cold wave,
headed in the direction Of the winter wheat
district of this country, which was another
support to the market here at the start.
There was also small decrease in the
amount afioat as compared with the guam
tity on passage a week ago. The primary
market receipts, SO far as known OF them be-
fore the opening, were light. The later cables,
however, did not repeat the firmness of those
first received. and the clearances from the
seaboard were disappointingly small. The
opening price for May was 5914 cents, and it
kept that value for ten minutes. II then be-
came weak, and about an hour and a half
from the opening it had declined to 5s2s cents.
The visible supply showed larger decrease
than had been looked for-893000 bushels re-
duction being reported. But that did not
help to strengthen the market, for the lowest
price of the day was reached after the visible
supply statement was published. May went
down under the depressing influence of the
heavy sales. and closed but 4 cent from the
bottom. May opened at 5914 cents, advanced
q cent, declined l15 cents, and reacted "A, to
the close at 5SB cents.
In corn there was only a moderate trade
the market ruling quiet all day, with the ex-
ception of a short time at the opening. The
tone at the start was firm, and the opening
trades were u cent advance. Values held
steady for while, until wheat turned down.
when corn sympathized, selling of 3sa@
cent, and rallying later on 1sa14 cent, and de-
cliDing 1sa14 cent, The car lots Were about as
expected 423 cars. The increase in the visible
supply and also local stocks had the effect of
weakening prices, and May closed but -
cent from the bottom figures of the day.
. There was light trade in oats and an easy
Feeling, in sympathy with wheat and corn,
and on fair selling by scattering longs prices
receded a cent, and the close was at the bot
tom.
Provisions opened easy and slightly lower,
on the run of live hogs at he yards being in
excess of estimates; reacted on the strength
early in wheat, and then sold off to a moder-
ate extent when the cereal broke. Good buy
ing of pork, however, sent prices up again to
the outside figures of the day thus far The
offerings were light, with corresponding
volume of trading, Later on the market
ruled weak, and declined to the lowest point
ofthe day on two blocks of mess pork being |
thrown at it. The market closed steady !
Com pared with Saturday night May pork is !
Is cents lower; May lard, ~ cents lower, and |
May ribs, l2ls cents lower
ufi tod ni,Afc for
rs cars; corn, 80 cars; oats, 225 cars; hogs.