The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1895-02-06
CAME FROM ABROAD
WHEAT GETS STRENGTH ENOUGH
TO GAIN A WHOLE GENT.
k>etter Cables and Buying at the Seaboard
Tor the Foreign Demand Responsible
FOR the Access of Energy Corn and
Oats Catch the Prevailing BuOyancy and
Gain Something Worth While-Receipts
at Chicago and at Northwestern and
Primary Markets are Light-Provisions
Firm, Doll and Higher.

Chicago, Feb. 5.-Wheat turned viciously
on the bears and short sellers today,
gaining ! cent for May. The strength
came from better cables and reported
purchases by foreigners at the Seaboard
May corn closed Is cent higher, May oats
e cent higher and provisions at advances
May wheat, which closed yesterday with
sellers at e2z4 cents was wanted at the
opening this morning at from 50 TO 53B
cents 1t rose to 53il G533s cents. but
could get no higher for an hour. Later.
after selling down again to 53k cents, il
advanced to 5312Q535s cents, and after an
other slight reaction it rose to 535s cents,
and was bringing the latter price about
100 o'clock. The Chicago receipts were
e cars. against III cars a year ago, and
Minneapolis and Duluth together reported
139 cars, compared with 1873 last year.
The total amount received at primary
markets was 158,000 bushels, compared
with 179, 600 bushels on Tuesday week
ago, and with 900 bushels on the cor
responding day last year A most signifi-
cant feature of the receipts at winter
wheat points was that not bushel was
received at st. Louis, and shipments from
there We're $4,000 bushels. The export
ciearanceS from the Atlantic ports COM
pr1sed a5,O00 bushels of wheat and the
equivalent of 1l5, 900 bushels in the shape of
hour. The statistical figures OF the do
mesuc movement were favorable to hold
erS. TIE foreign orders to buy were
however, the most potent agents of the
strength displayed. New York reported
acceptances of cable offers made yester-
day and fresh bids of i cent per bushef
advance over the limits set on Saturday
last. Firm with upward tendency, was
the general tenor of advices from Liver
pool Paris quoted a moderate advance
in remote futures of -four, with wheat IN
changed, while Berlin quoted Il mark gain
In June wheat and no change in nearby
futures. The buying here was fair and
May closed at o3%4 cents.
The corn market started without any
bias in either direction. 1t soon, however,
began to develop considerable strength,
and in the end led the advance in the
grain markets. Receipts hsow a ten
anxiety among the shorts on that &C
count The cash demand was good, both
by local consumers, warehouse men and
shippers Receipts today We're 209 cars
and tomorrow'S estimates are only 100.
Primary market receipts altogether were
only 229, 900 bushels, compared with 767, 600
bushels on the corresponding day of the
year before. May sold at the openln
at AIS cents, sparngly but more freely
at - cents. 1t worked steadily upward
TO Al cents and closed there.
oats participated in the general firm
ness and fluctuations We're principally
influenced by the higher prices in the
other markets; fair business was
oats offered in the cash market than
could be easily consumed. and with
strength the principal feature here, it ex-
Ienueu quickly 10 the speculative crowd.
The stocks of contract grain in Chicago
elevators showed a decrease of 1900
bushels since last week, and this was cred |
tied with assisting the advance. May !
2S7kGI29 cents
The provision market was firm but dull.
The receipts of only 1900 hogs instead of
-. G0O as estimated, gave the market a
lift at the opening. and the bullishness
of the grain market kept it advancing
in quiet but determined way during the
a nf ba
which closed yesterday at $3.50, began at
s.. 95 this morning and ended at $1,000 bid
after sales up to S10.05. Lard and ribs
closed with cents gain each.
Estimated receipts for tomorrow:
Wheat q cars; corn, 100; oats, 1G7; hogs,
"a 00e head.