The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1895-01-27
CAN'T SEEN TO QUIT
MAY WHEAT is A SLAVE TO THE
LOW PRICE RECORD HABIT.
It's Cold Day When it Can't Reach New
Low Water Characterization Con-
tinues at a Ruinous Rate and Wipes Out
the Opening Advance and More, Too
Corn Comparatively Strong at Opening
But Closes LOwer-Fair Business Leaves
Oats Cnchanged--Provisions Higher on
Light Hog Receipts.

Chicago IAN 26-Wheat continued its
record breaking slide for oblivion today,
touching 52!s cents for May and closed
X cent lower than yesterday. Better
cables caused an early advance, but free
selling wiped il out. May corn closed Is
cent lower, May oats unchanged and pro-
visions slightly higher.
The wheat market opened in a manner
to encourage the hope that liquidation
had run its coure. May, which closed yes
terday at 535s cents, opened at 5I cents
bid, with sales at 54ls cents at the same
times. After hanging around 81 cents for
a while, il gradually weakened and about
II O'Clock it was down TO 53@s cents, which
was its previous lowest point. The cause
of the recovery at the opening was an
unexpected gain of y pence in the price
of futures of American red winter wheat
at Liverpool. That started some local
buying,b ut as soon as that ceased, the
dark view of the future again predomi-
mated and the decline reported was the
result. Chicago receipts for the day were
"A cars. against 50 yesterday. Minneapolis
received together DO cars, against $50 last
Saturday and rs year ago. Bradstreet' $
made the weeks exports of wheat and
-four from both coats $4,000 bushels,
compared with 3,56f,GJ0 bushels on the
week before, and 2,9i7, 900 bushels a year
ago. Primary market receipts al told
amounted to 1000 bushels, against 2Z4,900
DuSD6lS pftNlOuS sli40 1'o'oSJ
bushels on the corresponding day a year
ago. GueSses of the visible supply Tor
Monday range from 10000 bushels 10 loO,-
Geo bushels decrease. st. Louis shipments
of wheat this week amounted 70 0lS,CJ1
bushels. Selling became liberal as the
session advanced, May closing a SO cents,
having made a new low price record at
521s cents.
The corn market, compared with wheat,
was firm on fair buying although In the
end lower than yesterdays close May
tod At
. Improvement over last night. Owing TO
the heavinesS of wheat and some Stacking
up in the demand for shipments, the open
ing advance could not be main tanned.
The close for May was ASS cents, against
45i2 cents yesterday.
\ fair business was transacted IN oats.
Values at the start were somewhat nrmef
and gradually eaSed off, closing q ShaCe
lower. but within a very small fraction
of yesterdays last prices. The steaGlnesS
of the cash market and some demand
from the stock We're reported as the cause
OF the early hrmness, and sympathy with
wheat influenced the decline. May sofa
from 29.s cents, the opening price, 10 Z51c
cents, and closed at 23iaI5s cents.
The provision market was steadied by
the small receipts of hogs. Shorts were
the buyers. The range for May pork was
from 5000 at the opening TO SloSo ana
back to Sl0.65 at the close, May iard
opened at Sc. 10, sold OWN to $50, closed at
Sc 721b. as against $751; yesterday. Ribs
for May started at $3.50 and left of at 5000,
which was also the closing price on the
day before.
Estimate receipts for Monday-Wheat,
q cars; corn, 135 cars; oats. 81 cars; noSS,
sc, 900; hogs next week, 1850