The Wichita daily eagle., 1895-03-23
WAS WEAK ABROAD
THEAT MARKET sMITTEN BY he
FOREIGN WEAKNESS.
II Ignores the Prophecy of a Shortage in
the Coming Crop and Closes Half Cent
Lower for May-Light Atlantic Exports
Corn Limp and Lifeless. the Buying
Having Sudsided-Local Demand for
Cash Corn--Good Business i'm Oats but
Prices NEUTRALITY-SUSPICIOUS. Higher on "a
Scarcity of Hogs.

Chicago, March 22.-PronOunced
weakness in the foreign grain markets
weakened wheat here today and May
closed L cent lower. Corn followed
losing s. cent, and oats closed Il cent
lower. Helped by a scarcity Of hogs,
provisions made gains.
The wheat market, receiving no en-
couragement in any direction except
in rather mediocre promises for the
next crop, ignored the latter as
pressing factor and followed the direc-
tion impaired TO il from weaker for
eign markets. The French country
markets We're quoted as exceptionally
weak. the Beerbohm cablegram quot
ing decline of = pence and both
Paris ana Berlin sent lower quotations.
Some covering or shorts. under cover
OF the heavier feeling induced by the
cables, held the market steady for an
hour at from J43s cents TO 5i4 &Ji :
cents. but further weakening infiUen
ceS appeared as the details of the DAY :
receipts and shipments came 10 hand,
and before y O'Clock the price had
tumbled TO "A cents. The receipts at
Minneapolis and Duluth numbered 36S
cars. The total of the primary mar
ports from the Atlantic seabOard were
discouragingly light, amounting in
wheat and -four 10 about l2O, 900 bushels
and $1,000 bushels of that was from
New Orleans. Some inquiry was re-
ported for NJ. +. Chicago for red Win
ter wheat for shipment at the opening
of navigation and a cargo was worked
early in the day at a higher premium
over May price c. i. f. Buffalo than pre-
Viously made. Some more covering of
shorts resulted from the evidence that
Chicago wheat was now comparatively
a : cheap as that held elsewhere. The
price recovered to 54l2 cents. but the
closing cables were, altogether. no i'm
proyement upon those which We're re-
ceived in the morning, the morket be-
coming heavy again. At 5i14 cents,
which was the next resting price, there
was a fair demand about half an hour
from the end of the session. The price
rose again before the close to 5i12
cents, on the reported taking Of from
forty-five to fifty boat loads from the
expectation at New York and at the
close here there We're buyers at 81
cents.
The corn market was limp and al
most lifeless during a great part of the
DAY. The recent buying spirit has en-
tirely subsidized and the price is get
ting no support from any of the heavy
operators. The receipts were 100 cars
and PAS are estimated for tomorrow.
The exports for the day from the At
lantic ports were $4,000 bushels. in
Guiding 27.500 bushels from New Orleans
There was good demand for cash corn
with Il nominal decline of L cent per
bushel at the close. May ranged from
465s cents near the opening, down TO
ASS cents in the afternoon and closed
at ass cents.
oats We're active and a good bust
ness was transacted. Prices were weak
with the other cereals. and We're To
some extent ruled by them. However,
free selling by Carrington-H Hannah and
Bartlett-F'raZie We're very influential
in lowering prices. The demand was
% cents The crowd in general took up
the offerings. May sold from 29lS cents
to 293s cents, down to 2Sfs cents and
closed at % cents.
Influenced by present and prospective
light hog receipts, provisions were very
firm with few sellers. The greatest
strength and highest prices obtained
early in the day, but in the end gains
We're established of from 10 to - cents
in pork and 10 cents each in lard and
ribs. Hog receipts, which yesterday.
were estimated at 1000, turned out
TO be q 600 and for tomorrow $4,000 are
expected.
Estimated receipts for Saturday.
Wheat 80 cars: corn 2iJ cars; oats l53
cars; hogs Il. 900 head.
Cake raised with DR.. Prices Cream
Baking Powder remains moist and
sweet for days-worth remembering.