The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1895-05-04

Chicago, May 3.-Wheat started weak
today on lower cables, but recovered on
reported liberal cash business, closing
Il cent higher for July July corn
gained IS cent and July oats Il cent,
but provisions finished at declines.
Wheat opened weak at from g cents
to Is cents below the closing quotations
of the day before. The Liverpool mar
ket was weak and z d lower at the
opening, and the continental markets,
though not much lower in price, indicat
ed by even slight decline that they
had begun to modify their news re-
garding the future. The Wheat mar
ket's weakest feature of the early
news was the northwestern receipts,
Minneapolis and Duluth reporting 433
cars compared with 327 cars on FRI
day of last week and with 254 cars on
the corresponding day of the year be-
fore. Some adviceS received early III
the day from the seaboard were rath-
er encouraging in that they reported
good demand from the continent for
wheat. Baltimore telegraphed that
200, 600 bushels We're worked there for
export yesterday and $4,000 this morn
ing. The primary market receipts were
334, 900 bushels compared with 100000 on
the corresponding day Of the year be-
fore. The export clearances from the
Atlantic seaboard amounted to about
245, 900 bushels. The closing cables quo
ted spot wheat in Liverpool steady and
futures I'D lower; Paris 80 centimes
lower for near and 10 confines lower
for distant deliveries; wheat unchang-
ed for May and centimes lower for
the ACKNOWLEDGEMENTS term; Berlin
rlx RI. 1D,-lyc
opening price for July was a range
from 81 cents down TO 63% cents, and
the latter was the lowest point it touch
ed during the day. 1t kept within 81
cents and 642s cents all forenoon, but
later II became stronger and had a
bulge to 65k cents the last fifteen min
utes from the close. The working OF
$4,000 bushels for shipment yesterday
afternoon by Norton and Worthing-
ton and Of 100000 bushels by Bartlett
Frazier this morning was the reason
assigned for the later strength, but it
was partially due TO over-confident sell
ing in the forenoon by the local crowd
and buying induced by the dry weather
in Illinois, Indiana and Ohio, which
found the scalpers already short. The
market had a partial relapse in the last
ten minutes and closed with sellers at
CAS- cents.
Corn was firm at the opening and
became strong as soon as it got a
little backing from wheat. July open
ed at 40 cents, but very soon was play
ing around so cents. II had many
fluctuations between 1875 cents and 1875
cents, which We're the prices at which
most of the days business was done.
and 1875 cents was the latest trading
price. Receipts We're 237 cars.
Oats were quiet. Very little business
was transacted and fluctuations We're
ruled principally by corn and wheat,
May started at 2S3s@R cents, sold at
2sB cents, advanced to 2S4 cents and
closed "a cent higher at 2S5sG34 cents.
July sold from 2S1a cents to 2S3s cents.
and rested at 2S3z cents bid.
Provisions opened firm owing to the
good demand for hogs reported from
the yards. Pork had an advance of
from ~ to 10 cents followed by de-
cline of So cents, and at the close it
had recovered a little and left off with
a net loss of 20 cents. At the close
lard was Is cents lower than on the day
before and ribe suffered TO an equal
extent. Hog receipts were 1900.
Estimate receipts for tomorrow:
Wheat, So cars; corn, 100 cars, oats, 1i0
cars; hogs II 900 head.