The Wichita daily eagle., 1895-03-05
RIGHT IN THE STYLE
WHEAT MARKET FOLLOWING PARIS
20 AN ADVANCE.
May Wheat Starts Firm, with Buyers
Strong at the Start-Ma-ked Decrease
IN French Stocks-Berlin, Alone, OF the
Foreign Markets Weakens at the Close
Northwestern Receipts Higher-Corn
Situation Unchanged--Cats Quiet, but
Firm-Proyisio1s Advance.


Situation Unchanged--Cats Quiet. but
Firm-Provisions Advance.
Chicago, March z-Wheat followed the
fashions today and took its cue from
Paris French markets were excited
and higher and this. with other bullish
news, resulted in a firm market here, May
closing Is cent higher. Nay corn closed
unchanged and May oats unchanged, but
provisions finished at advances.
The wheat market started firm with
plenty buyers CT May It 5.ss cents, where
as the majority were sellers at that as the
trading came to halt on Saturday. In
side OF the first ten minutes the price had
reached 545s G5i%4 cents. The foreign mar
kets were all quoted strong at the opening
and that coming after a rather weak day
on this side on Saturday, was the cause
of the upward tendency here. The French
warehose stock report showed 100000
bushels, against 19,5c0OO0 last year, and
this marked decrease caused much OF
the strength shown both here and abroad.
London, Liverpool, Paris and Berlin Were
all strong and higher at the opening The
English and French markets retained
their strength 10 the close, but Berlin
was quoted as winding up with l mark
decline for March and 4 mark for later
months. The Paris market showed q
further gain today of from 3. cent for
March to about cents for the May
August term. Liverpool stocks OF wheat
are $500 tons. or z24,o00 bushels less than
they We're a week ago. The receipts
at Minneapolis and Duluth were 426 cars,
against 5SS a year ago. The total guam
tity received at primary markets was So
00busheis, and the shipments of flour
from all primary western points were
equal to about 235, 600 bushels. The amount
q. Increased
coo bushels during the week which more
than offset a decrease in the visible SUP
ply heref 7l5,OO0 bushels, but that did
not prevent another rise in price here
to 81 cents for May. which was mainly
in consequence of the French necessity
for wheat and the advance in price there.
The market here rached o5ls cents at
which figure there was free realizing,
causing a drop from the top, but May
closed firm at 5i%t cents
The corn market was barely sustained
by ftrmneSS in wheat. None Of the day
news was of character to change pre-
viously formed opinion. Receipts were
about as expected and for tomorrow 100
cars are estimated. New York reported
buying orders from London, but the
cash demand for through billed here was
not any brisker than before, and that
absence of eastern demand is the weak
feature which for some time has been
breeding bears in this market. The
visible supply increased 10000 bushels last
week as compared with 9SS.000 bushels on
the corresponding week of the year before.
May opened at 447s cents and closed at that
price bid. The lowest was i434dA1s cents,
and the highest ASS cents.
Nothing of importance was reported
in the oats market and very quiet ses-
sion was passed. Prices were firmer dur
ing the greater part of the session in
sympathy with corn, but at the close
was 29s cents for May, after having
sold as high as 29ss cents. The visible
supply showed decrease n oats of 1S6.OJl
bushels, which may possibly have helped
the early firmnesS TO some extent.
Provisions wer firTner at the opening,
and it developed in the course of the ses-