The Wichita daily eagle., 1894-02-01

CHICAGO. Jan. 31-The feature Of the gram
| markets today was the extreme Guinness anu
the narrow range Of prices.
| Wheat began the day with a tired feeling
and at decline OF u cent from yesterday S
| closing price for May. at 63as cents. Cables
were unsatisfactory TO the bulls.
/ Liverpool was lower and the private cable
grans were discouraging There was a rumor
| that the Austrian government was contem-
| plating increasing the duty on -four TO francs.
| Advices were also received that Argentine was
| being offered freely on the other side, but with
all the bearish news the market held up stead
| lily. The receipts in the northwest were only
| moderate. The report that millers' supplies
of wheat are getting low, are attracting some
attention. Stocks in country elevators, too,
are decreasing, which fact is being watched
| by spectators, who think that the result, Of
| light deliveries at country elevators will soon
| be evident by smaller receipts at Duluth and
| Minneapolis. A little buying, caused by an
| advance in cash wheat at Minneapolis. sent
prices up to yesterdays closing figures after
May had dropped IL cent under the opening
price. There was not sufficient demand, how
ever, to maintain the advance on the small
export clearances, and another decline fol-
| lowed. The fluctuations were narrow, how
ever, and May closed but Is cent from the
| days top figures, at 63A cents. May opened
at 63ts cents. declined 1s cent, advanced ss
cent, reacted ii cent, advanced IS cent. and
| closed at 63:4 cents.
In corn only a moderate speculative trade
was witnessed, the market covering very
narrow range, with operations confined to the
room traders.
A comparatively steady feeling existed. and
the undertone was rather more than firm.
Receipts were slightly under the estimates.
and this helped to sustain prices. The market
opened little easier, with wheat, on bright
weather. and sold off a fraction further, when
a good demand sprang up for May around 3S1S
cents and the price rallied Is cent to "a cent,
rising steadily. and closed at the days top fig
ures.
There was a fairly good trade in oats. There
was moderate selling b. longs, but not enough
to seriously affect prices. The visible supply
decreased 800 bushels, which helped to hold
up prices. May opened 1s cent lower at 1884
cents: advanced 1S cent, and closed at the top,
1875 cent.
Some strength was developed in the specu-
lative market for provisions, and had a
little support accorded to it by the prominent
commission houses and packing institutions,
one of which was rather heavy seller yester-
day. Prices were unchanged at the opening,
and then advanced steadily for a time. with
only slight fluctuations. A steady feeling pre-
vailed later, on the improvement of the de-
mand for shipr:ent and the report that there
would be falling off in the receipts Of live
hogs in the near future. There was. however,
very little doing except short activity just
before the end of the session, that market
advancing to moderate extent and closing
near the top figure of the day. Compared
with last night, May pork is 121a cents higher:
May lard ~ cents higher, and May ribs ~
cents higher.
Estimated receipts tomorrow: Wheat, 40
cars; Corn, $50 cars: Oats, 95 Cars; Hogs % 200.