The Wichita daily eagle., 1894-03-14

CHICAGO, March 13-The wheat market
was kept, today, within half cent range and
closed "a cent higher for May The feeling,
early caused by last nights cash business at
the seaboard, was followed by break in the
Baltic shipments. A rally on these clear
ances was followed by another break on a
little selling and May closed at the top on a
fair demand. May corn clio ed u cent higher,
May 4 cent higher, while provisions closed
lower oats all around
Wheat was about steady at yesterdays de-
cline when the market opened. 1t gave some
indication of a recovery in the first half hour
of the session. but, during the half hour sue
ceeding that, it became weaker than ever and
touched in that time II cent lower than the
lowest price 1t reached yesterday. The OPEN
ing price for May was 5s1a cents, from which
IT gradually recovered TO $50 cents but fol-
lowing that it dropped to 58A cents. Liberal
export clearances from New York were re-
ported about the time the last named quota
ton was current, and this caused buyers to
predominate for time for another rally to
5o5s to 5S5z cents. The exporting countries,
exclusive of the United states, Canada and
India, shipped last week f. 40a 900 bush1s and
India shipped 56s,O0O bushels. according to
fablegrams received by the board of trade.
Adding the S5l, 900 bushels shipped from til is
side this week, the total put afioat was
7,Sl9O00 bushels, which is 100000 bushels
more than the importing coun-
tries are estimated to require weekly.
That was the main feature of the tardy news.
The report that over fifty boat loads had been
taken for export at New York yesterday was
minimized by the accompanying explanation
that most of it was resold by people who had
previously bought it for export. The Liver
pool prices were quoted u pence lower, and
the market was weak with downward tend
ency. Chicago received 20 cars, Minneapolis
e35, and Duluth l53, compared with 275 cars a
year ago. The figures telegraphed from New
York giving Bradstreet's estimate of the
changes in the worlds stocks for a week indi-
rated a net decrease of 633. 600 bushels in the
worlds stock for the week. The Bradstreet's
estimate had. however, no effect upon prices
today. Notwithstanding reports from the
seaboard that there were no signs of export
inquiry, $1,000 bushels were worked here, 25,-
boo bushels of it to go at once by rail to New
York. The market was fairly steady at 5S5s
TO 5S$4 cents at tue close.
Corn was generally firm and at times quite
strong. Commission houses were well sup
piled with orders TO buy fair sized parcels.
Liverpool was quoted firm, but inactive.
Business was rather spasmodic, but good
volume was summed up in the course of the
day. The opening price for May was 35ss
rents. 1t improved to 3s1s cents, and held
hrm1y after that at around 38 cents. The
price was 3SlS cents at the end of the session,
showing u cent improvement since yesterday. |
Oats held firm, but the activity, which dur |
ing the last few days has been the markets |
principal feature, has fallen off to a small !
local business. The offerings were still very |
light, and that, with decrease of 123,0C0 /
bushels in the stock of contract oats in store,
''''re the cause of the retained strength. May
D.. .wened steady at S01s cents. and sold up to
IN @3I15 cents. The market weakened slight
tIeiore the close and May was offered at 3l2a
ceets, after selling at that price. July sold at
e9@z914 cents, closing at the top price.
Hog receipts were 2.C0o over the estimates,
and $1,000 are looked for tomorrow. The pro-
vision market opened weak and with very
little demand. and that was the feature of the
trade throughout the day. The only rallies
which occurred were due to the buying In of |
Shorts. The decline getting prices down on
fresh low ground, some stop loss orders were
reached, which added to the weakness and !
assisted the decline. May pork started with
a drop of 1219 cents AT sll for May. On slight
rally 1t sold up to sll.0,K for moment, but |
became again weak, and worked down to
elO, 80 and closed at Sl095, or net decline
since yesterday of171z cents. Lard is 10 cents
and ribs ~ cents lower.
Estimated receipts for tomorrow: Wheat,
a. cars; corn, 2l5 cars; oats, 1i0 cars; hogs.
1900 head.