The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1895-03-07
ALL KNOCKED OUT
WHEAT MA KIT LOSES TIE FRENCH
STYLE ENTIRELY.

May Closes Lower by Half a Cent-start.
Weak. but with an Upward Tendency
Liverpool Lower, but Suspicion OF
French Damage In other Markets Re.
ports--B business Light in COrn--Oats
Governed by the Other Grains--Provi-
sions in Good Buying and Gains Main.
tanned in Part.
Chicago, March 6-The French bulge
in wheat, which was lettering yester-
Gay afternoon, took its tumble today,
the price for May closing y cent Der
hushel lower. Corn was about as dull
as it could be and the price suffered an
eighth cent reduction and oats closed
X cent lower. Provisions varied the
monotony of speculative detection by
putting on an appearance OF sprightiy
firnness.
Wheat started tame and rather weak
There We're numerous sellers at yester-
Gays closing price, which was 542s
cents for May, but not many buyers at
over 54A. For half an hour the gen.
eTal tendency was up and the range Of
the fluctuations was between 54M 54Ik
ttillS ana of1S cents. lie weakness
Was a mere continuation Of the feeling
which had begun to appear yesterday
afternoon a. the result of q ceSSat ton
of bullish advices from France. Liver
pool was quoted Il pence lower, with
buyers holding off, but there was a
renewed suspicion Of crop damage in
France traceable in the advices from
the continent The Paris market was
quoted about steady and Berlin from Z
oyl- 70 81 ri d iOI
cablegrams rather confirmed the feel
ing of uncertainty concerning the
French crop which the comparative
firmness of continental markets APP
peared to indicate. The New York
market was relatively firmer than Chi
Cago. Some orders were reported TO
have been received there from France
and there were buying orders here also
for the continent. The market here
tended upward during the forenoon
after having its first weak spell. bit
the extent of the recovery did not carry
1t above 541a cents and very little could
be sold at that. The frmness referred
TO was in anticipation of BradStreet
visible supply statement over a
bullish feeling. and the effect Of such
4 report having been discounted, when
il was received the market immediate
lv began to weaken. In about ten min
utes it dropped from 54b6541a cents
bid 10 5i1s cents sellers. The Mime
apoIis and Duluth receipts were ~
cars against 3Ss cars a year ago. The
total primary market receipts were So
200 bushels. Closing Paris cables We're
not ging and the market flnish-
ed weak at 531s cents.
In the corn pit the traders had no
speculation IN their eyes and very nttle
in their actions and business was, there
fore, of a slinish kind. The shipping
houses reported a better inquiry from
the seaboard for No. yellow and
some was reported to have been worked
The. heaviness of the wheat market
was against any speculative advance IN
corn and such fluctuations as there
were favored a slight reduction IN
prices. Corn opened at 44fs cents,
sold as low as i5sG44a cents and as
high as 1905 cents and closed at 44a4
cents.
influenced entirely by the course OF
fhc other markets. Sales were few and
far between: all small. May started at
"acf 2o1A cents, sold at 291s cents, down
t. 2S?sm29 cents and closed at that
price. Today's arrivals aggregated
niuty-siX ears, SeVenty-fouf OF WHICH
wee graded contracts.
Provisions opened rather easy, but
did not remain so long. Shorts were
supposed to be the heaviest buyers, but
some was taken also for long account.
The offering We're not very Tree unui
after pork had advanced from SlO.4212
at the opening for May to 10.I2la At
the latter price there was more than
was wanted and decline TO slO621e
occurred. leaving the gain for the day at
H. cents per barrel Ribs shared with
pork in the movement and made net
gain today of 3 cents but lard showed
at the close no change.
Estimated receipts for tomorrow:
Wheat. % cars; corn, l40 cars; oats, III
cars; hogs, s., 900 head.