The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1895-01-31

Gets Firmer to the CIose-Provisions are
Hit Hard by Receipts-Oats Higher.
Chicago, Jan. 30-Encouraged by the
hope of a speedy relief Of the present
strained financial condition, board Of
trade spectators closed their heavy
liquidation and all the grain markets
closed higher May wheat gained Il
cent; May corn q cent and May oats Is
cent Provisions finished with but lit
tie change.
Wheat got a weak start and for a
few minutes it looked as if there might
be repetition of yesterdays unloading
Of the bull holdings. Long wheat did
not come out, however. The Liverpool
market was shade steadier at Il pense
advance, but on the other hand the
northwestern receipts for the day were
heavier than they We're on the CORES
bonding day last year and the Berlin
market was one mark lower. An i'm
preston that congress would have to
do something in the line with the presi-
dents recommendation was largely
helpful. The total receipts at primary
markets were only 10000 bushels COM
pared with 231 900 bushels week ago
advices received here from st. Louis,
Kansas City, Detroit and other markets
OF less Importance were that country
millers We're drawing literally from the
stocks at those places. 1t was reported
also that very much heavier purchases
Tor export were made yesterday at the
seaboard than had been given out, the
New York takings. it was said, having
amounted to 5,240,0G0 bushels. AT Chi
cago 100 car loads OF No. red was re-
ported to have been sold late yesterday
afternoon for rail shipment to the sea-
hoard. When later in the day it was
wired from New York that Secretary
Carlisle was about to arrange for the
placing of 100000, 900 of bonds at once
to relieve the present condition Of the
treasury, the market became firm and
sold up to 53as cents for May about an
hour from the close. The opening price
was from 52A to 52ts cents as against
52B cents bid at the close yesterday. 1t
advanced to 53 cents, sold off again to
52H cents, improved TO $685. cents, as
alreay mentioned, and was quiet but
steady at 53as cents at the close
Corn was weak for a few minutes at
the start due TO the slump in wheat
The former was the FIRST to show a re-
turn of confidence and ruled firm all
day after the first half hour of the ses-
sion. The opening price of May was
very irregular, there being sales stimuli
taneously at 1895 cents and 43A cents,
principally however at the lower quo
tation. It gradually hardened until
just as the market was closing, 44G44lA
cents was paid. 1t closed with A cents
as the general trading price. The re-
ceipts were light today and estimates
small for tomorrow. The general i'm
preston among the pit traders was
that liquidation by country holders
had ceased and that the chances in the
near future were in favor of buying
In soft spots.
oats started frmer and remained so
during the entire session excepting at
one time jus after the opening when the
price fell Is cent under. The market
closed with the high prices prevailing
business throughout was active. The
parties who yesterday put forth their
hest efforts to raid the market were
prominent today for free buying. The /
general buying was also good and not |
the fact that commits |
SIGN houses continued to pour in coun-
try long stuff, the market was strong
ly held. sympathy with the neighbor- |
ing cereals was greatly influential in
some firmneSs. May started :
at from 2S5s cents to 2S34 cents. sold
down to 2S1a cnts aind up to 20 cents, |
whre it closed.
The provision market was overwhelm- |
ed at the beginning by the news from !
the yards. Instead of $4,000 as the
probable receipts, $4,000 was given was
given as the day run and $4,000 as the
probable receipts for tomorrow. The
opening prices for pork, lard and ribs
were at from to 10 cents below the
closing prices of the day before but
the rates made at the beginning were /
st the bottom or nearly so, of the days
range. Packers bought at the decline
and took in the course of day enough
70 cause a recovery of about all the
early losses. In the end pork and lard /
with the closing prices yester
day was unchanged and ribs az cents
lower.
Estimated receipts for Thursday:
Wheat so cars: corn 162 care; oats 100 /
cars; and $4,000 head of hogs.