The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1895-01-19
CAN'T LAST ALWAYS
VISIBLE WHEAT SUPPLY HAS
SPRUNG A LARGE LEAK.

Atlantic Export Clearances Account for a
Big Lot of It-Keceipts Still, Way Be
low Last Years of the Same Date, But
Wheat is si1up': Detected and VIII Not
be Comforte,!- torn, Oats and Provi-
sions All InsrfTerably Dull Little
Change in Prices-Foreign Markets
Weakened By the American Situation.
Chicago, Jan. lS.-Today was a record
breaker in the matter Of dullness of
trade. Markets were unfavorably af-
fected by the absence of business and
ruled heavy in the main, but at the
close the change in values since yester-
day were trivial. The large visible sup
ply Of wheat which has kept the bears
open mouthed with affected horror for
a year is undergoing rapid depletion
and the daily export clearances from
Atlantic ports show where a goodly
portion of it is going. Corn, oats and
provisions were all equally dull.
Wheat opened detected and sick, and
sold down to 571z cents for May in a
few minutes from the opening as COM
pared with 57a. cents at the close yes
terday. The receipts here were only 46
cars against 1SS on the corresponding
day Of last year. Minneapolis and
Duluth reported 2oS cars together.
against .333 a year ago. The total re-
ceipts at primary markets was 20S, 600
bushels compared with 4O2, eco bushels
on the corresponding day last year.
The foreign markets were weak, the re-
suit, 1t was claimed, Of the aeaTlness
here. After the opening drop to 5l1e
cents the market from then TO within a
short time Of the close dragged UP and
down between 5712 cents and 5lfs cents,
the bulk of the days transactions being
at 57Ia@5s cents. There was a snort
squirt of activity in the last ten minutes
OF the session and it went to the ad-
vantage Of the bulls. a sale Of l40,0 900
, bushels of No. ] Northern at 6ia cents
over the May price was reported from
Milwaukee as having been sold there
to millers today. That was said to
have Influenced a few scalpers to cover
some wheat and closed the market
firm at 575s6%4 cents as against 5Tz
cents yesterday.
The corn market was a reproduction
on a reduced scale of the dullnes which
prevailed in wheat. The general opin-
ion among receivers is that the receipts
will be smaller in the course of few
days. The opening price for May was
Az cents but it worked off to Ala cents
81 the course OF the forenoon, iulprov-
ing again, however, near the end and
closing as il had opened at Az cents
sellers.
Although considerable interest was
conferred in oats in consequence Of the
activity during the last two days, !
nothing startlin occurred. Early in the
session a slight advance was scored, I
brought about by buying orders from !
the outside. They were readily filled, /,
and with no other support the price /
dropped gradually. May started At
3014 G309s cents. sold at SOY cents, down /
TO 800 cents and closed at 3014 @S0as I
cents, within a very small fraction OF
yesterdays closing.
The provision market was rather /
fecNy and lost all of the little gain of |
tie day before and some besides. May |
pork opened at s1115 as against S1i60 |
at thee lose yesterday. 1t sold as low |
e. si1.40, then reacted to s11.A71a which |
was the price at the close. Yard |
closed about 2ll cents lower and ribs |
: cents below the closing figures of the
CCy Before.