The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1894-03-20

CHICAGO, March 19.-Wheat closed at 575s
TO 5s$4 cents today, the lowest it has ever
finished for May and showing loss of X cent
since Saturday. Less decrease in the visible
supply than was expectad, lower cables, good
crop prospects and an increase in the quantity
of wheat and flour on ocean passage were re-
sponsible for the decline The working of
100000 bushels for export steadied the market
at the close, but May finished near the bot
tom. May corn closed unchanged, May oats
IS cent lower and prov isions tritie higher all
around.
The warm rains throughout the northwest
caused some selling of wheat and an easier
feeling at the opening. The amount of wheat
and flour on ocean passage increased pa 900
bushels during the last week, which was ad-
ditional motive for putting out a few "fives"
and Items" Minneapolis reported 240 cars
and Duluth 45 cars, against 273 and 202 cars
respectively year ago. Liverpool was quoted
dull and rather easier at unchanged prices.
New York advised some selling by foreigners
at the opening. Minneapolis, which closed q
cent higher than Chicago on Saturday, came
down to level with prices here soon after the
opening. There was nothing particularly en-
couragtng in the above items for the bulls and
there was an evident fading Of hope for their
side revealed in the increasing premium the
holders of May contracts paid for changing
them into July. From cents to a shade
less was paid about the middle of
the session to turn May into July.
The market opened at So and 5S1s cents and
for an hour or so the fluctuations were in the
main confined to that small range. As the
figures of the visible supply came slowly
TO hand the market became heavier as hopes
Of more than ,2jOOOO bushels decrease began
TO fade. When the actual quantity of the de-
crease was fairly established the price of May
fell to 513s and of July to 59% TO $685. The
visible supply decreased 12isGO0. which is
about 100000 bushels smaller falling off than
was looked for. The total in the visible now
is IS, $4,000 against 79,O20,OO0 at the similar
period year ago. The Saturdays clearances
from the four principal Atlantic ports were
equal to about $4,000 bushels in wheat and
flour together. The closing cables brought
lower quotations from all the principal foreign
exchanges. Without shade of encourage
ment from any quarter, heaviness continued
70 rule here. The working here of some of the
wheat for export gave the market some sup
port toward the close. A. c. Buell. & Co. sold
10000 bushels; w. II. Harper $1,000 bushels
and Norton Worthington $4,000. all No. 2
spring. The trading as the market closed was
at SOS to 5734.
There was a fair inquiry for vessel room for
wheat at two cents TO Buf,lo.
Corn was dull In the main and at times ex-
tremely SO. The fluctuations Were narrow
with such change as there was in the price
IN favor of those who were short. There
was an increase for the week in the amount
put afioat for England, amounting TO 264 600
bushels. The visible supply there increased
1921 600 bushels. The export clearances were
small. Bartlett, Frazier & Co. bought in |
some short corn, but the general tone was |
bearish, influenced apparently by the liberal /
receipts and the heaviness in wheat. May |
opened at 36}4 to 365s cents, sold at 565s cents |
and then aiternated for a long time between
that and 3634 cents, buyers, and the same |
price sellers. 1t dropped to 3655 cents asked |
for moment when the visible supply and |
the estimate of tomorrow's receipts were re- |
ceived. The market was firm in the last half |
hour of the session and wound up at the high |
est point of the days range
The oats market was dull. Little stuff was |
offered for sale and there was less wanted. A !
slightly better feeling prevailed in sympathy |
with corn.
Provisions opened a shade frmer on receipt |
under the estimate and firm prices at the |
yards. After some slight notifications of the !
first impression, il wound up in substantial /
agreement Herewith. Fowler-Sterling & |
Baldwin were among the early buyers of
lard. The Anglo-American packing company
were also moderate bdyers. Hog receipts |
were 600 head and the estimate for tomor-
row is q ,0)0 The closing quotations show
and cents in ribs.
Estimated receipts for tomorrow: Wheat
70 cars; corn $50; hogs 900.