The Wichita daily eagle., 1894-02-18

CHICAGO, Feb. I7.-Wheat was generally
flrm today and closed with "a cent gain Tor
May at So May corn closed IS cent higher;
May oats Il cent higher. and provisions
slightly higher all around
The wheat market opened without an imita
ton of life and apparently with few orders
In the market May, during the first half
hour sold off from 5Ss4 cents to 5s5s cents and
up to So cents. The volume Of trade was
much higher than for a week past suggest
ing that anxious holders had been quieted and
aggressive short sellers satisfied for the
time The early market news was not all OF
one character and both bulls and bears could
pick from it some palatable morsel- The re-
ceipts and cables were fairly satisfactory to
the bulls. Tie weeks shipments and the
dullness of business gave comfort to the
bears. New York reported that foreigners
were fair in buyers of wheat there early in the
day. The price reacted to 591S cents for
May On the clearances for January. At the
price named, however, there was more for
sale than was wanted and it sagged to 5s5s
cents before it again met with a surplus of
buying orders. Exports were more liberal
than for several days, and to that was as
cribed rally which succeeded the reactions
and which carried the price up to 59Is cent.
Near the close 59L cents was touched for
moment and that was followed by reaction
of i cent from the top. May opened
changed at 5834 cents, declined Is cent, ad-
vanced Is cent, then ]s cent, declined Il cent
advanced 81 cent and reacted a cent TO the
close at 50 cents.
In corn a moderate business was transacted,
the most of which was between room traders,
fluctuations for the day covering 14a3s cent
range. The feeling displayed was steady and
no essential changes occurred In values. The
opening was triie above the opening of yes
terday, and, after falling off Is cent rallied a
aH cents, being influenced by the up-turn In
wheat at the time. Later the price receded a
little on the car lots for Monday, coming
fairly liberal at $50 cars, and wheat easing off
caused corn to sysmpathize. The price held
steady however, and closed with May but Is
cent from the days top figures,
There was a light trade and stronger feel
ing in oats, due to the fair buying by heavy
traders, and TO the light offerings. Prices ad
vanced 1sa4 cent and closed at the top. The
receipts were only 94 cars which aided in
firming up the market,
The receips of hogs at the yards were again
below the estimates and prices were slightly
higher for them. AS a result provisions
opened steady, about a point above yester-
days closing figures, but eased off 10 a moder-
ate extent On the strength of wheat the
market firmed up again, then declined on
further realizing.
Later on the offerings became quite scarce
and as consequence the market advanced
TO the outside prices of the day. There was
lite doing during the last half Of the session
and strong feeling prevailed at the close
with prices at the days top figures. Com
pared with last night May pork is 21s cents
higher; May lard 2k cents and May ribs 715
cents higher.
Estimated receipts for Monday: Wheat,
3S cars; Corn, 450 cars; Oats, 125 cars; Hogs,
q, 900 head.