The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1895-03-15
LATE IN STARTING
WHEAT RESPONDS SLOWLY TO
BULLISH INFLUENCES

Being Flowed Up--Foreign Markets Not
Uniform--Corn Dull ard Dragged Up
ward by Wheat--Oa:s SympatheticalIy
Firm-.Good Gains i'm Provisions.
Chicago, March 14.-Wheat was slow
| to respoad TO the bullish news which
| flooded the market today, but shortly
before the close, it started with rush,
ending rs cents higher for May. Corn
rather Reluctantly followed, closing a
| half cent higher, and Nay oats gained
Il cent. Provisions were strong and
! made marked advance.
Wheat started at shade better than
| it closed last night. Much OF the early
steadiness resulted from a bUllish esti-
mate by the Cincinnati Price Current.
| Calculating upon a basis of 1I5.0o0,000
bushels in farmers hands, il indicated
| a reduction OF the stocks of wheat to
| As, 900 on July l. That viii repre-
sent the visible, the invisible and in
fact the total OF all the wheat in the
country, at the estimated rate of con-
sumption and present rate of export,
according to the authority referred TO.
Minneapolis and Duluth received to-
Primary market receipts all told were
100000 bushels against 344.0 600 bushels
on the corresponding day of last week.
| The export trade from the four princi-
PAL Atlantic ports amounted 10 100000
bushels, including both wheat and
-four. The foreign markets showed
considerable independence of each
other. Liverpool was 4 pence lower,
but steady at the decline. The English
and French country markets and car
goes OF coast and on passage were
firm. Closing quotations from Berlin
were IL marks higher. There We're
numerous reports from Kansas OF
wheat damaged from the freezing and
thawine, and a letter from Texas said
wheat fields were being ploughed up
there. The market gave very little re-
Spouse 10 the floods OF bulliSh news
which were received, until noon. The
I tiuctua tons which for the most of the
forenoon We're confined to range OF
from SO to 56A cents, broke bounds
about fifteen minutes after midday and
shot up rapidly TO SIS cents. The quick
advance set shorts to covering vigor-
ously and the finish was firm at 57H
cents for May.
The corn market was sluggish and
dull. 1t gave very little response to
the comparative firmneSS in wheat ear
ly in the day and gave not great deal
OF strength 10 wheat as UlSplayed
during the latter part OF the session.
Receipts were II cars instead of $50
as estimated. May corn opened at
45B@46 cents, sold at 453s cents and
closed at 1855 cents.
There was a fair general trade in
the oats market, all in small lots and
scattered, however. The strength in
corn and wheat was principally influ-
entail in creating firmness in oats.
May started at 291I as cents, sold down
to 291s4A cents. back to 29is cents and
closed with sellers at that price.
The market in provisions opened
strong. Pork opened 1919 cents high
er, rose another 30 cents in the course
of the session and closed with a net
gain for the day Of 40 cents Lard
was at its highest about the close and
left off with a gain of 1919 cents. Ribs
rose to 10 cents over the previous clos
ing price. The covering of the heavy
line of shorts for a prominent provis-
ion firm was said TO underlie the days
dealings and the packers were free
sellers near the end.
Estimated receipts for Friday: Wheat
II cars; corn 130 cars; oats 13S ears;
hogs so, 900 head.