The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1895-02-27

Nearly Five Million Bnshel Decrease In
the Worlds Stocks OF wheat--Import-
ing Countries Three Million Bushels
Short--Anxious Foreign Inquiries are in
Evidence--LigE: Estimated Corn Re-
ceipts--Oats Active and Higher--Provi-
sions Lower on the Day After an Adj
vance at Opening.
Chicago Feb. ga gain of cent in
wheat today made a red letter day for
the bulls. A decrease of nearly $780,
coo in the worlds visible stocks last
week, 2,S00, 600 bushels of it occurring in
this country; shipments from export
ing countries, which fell 3,000,000 BUSH
els short Of supplying the weekly needs
of the importing nations and evidence
that American wheat is now the cheap
est in the world in the sharpe of anxi-
Gus inquiry for it from abroad, were all
elements in today's strength. Coun-
try miilers bCTght 10000 bushels in
Chicago of red winter wheat, and New
York reported thirteen boat loads.
The wheat market opened firm and
ruled strong during the entire fore
noon. The Liverpool market was ca
bled firm at u pence advance and with
upward tendency. Paris was quoted
firm, Berlin u mark higher and New
York reported "A continental demand
for wheat. The English supply, which
yesterday was reported to have in
creased $4,000 bushels last week. it
was found had increased 300 GOO bush
els, mistake having been made in the
quantity of flour said to have been i'm
ported, which made the above differ
ence of about 300, 900 bushels in the re-
suit The total quantity afioat from
all the exporting countries last week
fell 1900, 900 bushels short of the esti-
mated weekly requirements of the i'm
porting countries, and about noon it
became known that the stocks in this
country at the points included in
BradstreetS visible supply statement
had decreased 1850, 600 bushels cOmpar-
ed with a decrease of only LBS. 900
bushels at thes anne places on the cor
responding week of the year before.
The one solitary bearish feature in the
Gays announcements was the receipt
81 90 cars Of wheat at MINNEAPOLIS and
Duluth, but that is all spring wheat
worth from TO 10 cents per bushel
more than the article which is being
Speculated in
Corn started strong without anything
particularly encouraging that was not
III. Il
receipts here were 439 cars, compared
with 400 estimated yesterday. but the
course OF the market yesterday was not
quite satisfactory to the local shorts.
and they were inclined to cover. The
breaking up of the country roads, which
was one of the reasons given for the
rrmnesS of the day before, was again
referred to and appeared one of the actu
3ung influences again this morning
Confirmation of the effect of the bad
roads was found in the fact of the esti-
mated receipts for tomorrow being on
iy 100 cars st. Louis sent bulliSh dis
patches and buying orders.
The opening price for May was 45I
cents and very soon it touched 453sm1a
cents, reacted to 40 cents and then be-
came strong again, advancing to 451a
cents, and closing with buyers at ASS
cents.
There was considerable activity in
oats, accompanying the higher prices |
The advance was influenced principally |
by the firmness in wheat and corn to- |
Eether with some effect resulting from |
Bracstreet's report Of a decrease in oats
q 10000 bushels. May opened at |
l:'aa cents, sold at 291a cents, down to
19l4 q Is cents and up to 291a@3s cents
Al which price it closed, an advance |
Of 1sdA cent since yesterday.
The receipts of hogs were 81 600 and |
that. confirming yesterdays estimated |
light run, gave the provision market !
a slight lift at the start of about ; /
cents in pork and about 21a cents in lard /
At the close that gain was lost and a
little more. Pork, which closed yester- !
day at $l0.25 opened at S10.271a and sold /
as high as $1,000 dropped back to $1015
but owing to the closing strength in
wheat, the price recovered TO SO, 1926 |
and closed at that. Lard sold at $.5212
and closed at S6.471a. Ribs sold from
$3.50 To 1925 and closed at $5.2712.
Receipts for tomorrow are estimated:
Wheat II cars; corn 100 cars; oats 107
cars; hogs $4,000 head.