The Wichita daily eagle., 1894-03-08

CHICAGO March There was more general
speculative activity on Change today than
has been seen for months. Wheat, corn, oats
and provisions all participated in the revival
of trade and each of them made money FOR
their respective holders. Wheat is up "A cent,
corn 81 cent oats nearly / cent, and pork 20
cents Oats started the bull whirl and electri-
fled the corn and wheat pits when they found
themselves being wagged by their usually
humble follower Wheat opened easier at 39A
cents for May as against COS cents at the close
of the previous days market. 1t showed no
symptoms of strength, however, for about an
hour, but at the end Of that time it began to
stiffen up and rose to 90 cents. The weaker
feeling at the start was due to the mlldness OF
the weather, which, over the winter Wneat
area, was several degrees warmer than on the
day before, but receipts here were only 40 cars,
compared with 1863 same day year ago, ana
1t was pointed out that zero weather was not
possible The change from the opening weak
nsss to the strength indicated by the recovery
from 595S cents, the lowest point OF the early
decline. to eOsS cents was, TO some extent, due
to the pronounced firmness at Minneapolis
ard Duluth. Minneapolis wired that receipts
were likely to fall off materially there before
long although it is difficult to see, with the
emium which cash wheat demands there,
that any falling off is probable so long as there
are stored stocks in the interior elevators
which can be boosted to the front. Some of
the strength in the market was likewise due,
it was said, to the preparations of the shorts
to encounter what they expect will be a very
bullish report from Washington on Saturday
regardin,; the stocks of wheat on the farms
The very bullish feeling in corn and oats also
contributed toward inspiring the wheat shorts
with a desire for relief from their outstanding
contracts. The closing cables came in firm.
Paris prices showing from Is to % centimes
advance in flour, and Berlin "a mark gain In
wheat Seaboard ciearances were compara-
lively light, amounting to only about 10000
bushels in wheat and -four from the four prln-
cipal Atlantic ports. The price. after touching
6UsS cents, had several quick fluctuations be-
tween COZ and 6O3S cents and the higher fig
ures with generally rapid rallies from each
slight break. The market was active and
firm toward he end, closing at 60ha6O2s cents
In corn there was pretty good bidding by
some of the large concerns, while the offerings
were moderate all day. The strength was due
largely to the prospective smaller movement
advices from the interior indicating lighter
offerings at country stations, and also to the
Rctive demand for cash, which is in urgent
request at higher prices. Local room traders
sold early, but bought back on the advance,
which caused prices to advance sharply. To-
days arrivals were small at 273 cars, 43 of the
same grading, and tomorrow's estimate Is
placed at 235 cars. The market bulged quite
rapidly on the announcement of the light ar
rivals for tomorrow. The market opened with
o fractional loss and sold down slightly when
the demand improved, shorts fastening to
cover and prices were advanced q cents, re-
ceded n cent. ruled firmer and closed with
ssaN cent gain.
There was an active trade and very strong
market in oats. Shorts bought literally and
there was also good general buying. which
absorbed the offerings readily. The strength
In the cash market and the active demand
haA much to do with causing the prices to ad-
vance 81 to "a cent and to close at about the
top figures with net gain OF Is to e cent
The feature in the cash trade was the sale oil
. rpund lot of 100000 bushels No. 2, in store,
Y cent under May. Receipts were small, with
aotncrease except in red western.
Provisions opened strong on lighter run OF
hogs at the yards than expected and an ad-
vance i'm prices for them. Free covering by
the shorts, especially in pork and lard, and
the strength developed in Wheat sent the
market up with but slight reactions, good
advance being scored. The packers and COM
mission houses were the principal buyers.
good volume of business was transacted except
that ribs were completely neglected. The
market later became comparatively quiet.
little realizing sent prices down to a limited
extent, but they speedily reacted on moderate
buying and then fell off slightly, the market
closing firm for pork and easy for lard and
ribs.
Estimated receipts for tomorrow: Wheat,
80 cars: corn, 2S5 Cars; oats, l2O cars; hogs.
25 600 head.