The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1895-03-13

! Two and an Eighth Cents CANT orn
and Oats Strong and NEUTRALITY-SUSPICIOUS.
Weaken.
Chicago, March 12-Wheat gave a
| startling exhibition today Of grand
| and lofty tumbling.' After numerous
| erratic evolutions covering IL cent
range, the market wound up rs cents
| higher for the day. The bullish gov
eminent reports started the advance
| and scared shorts did the rest. Corn
! gained = cent for May and oats gained
Is cent. but provisions ended wearily
with pork up slightly and lard and ribs
a trifle low
The government report was the whole
thing in wheat at the opening and there
being no possibility of any but builish
construction being placed on the figures
an immediate advance of 2 cents per
busheI was not unexpected. May.
which closed yesterday at 545s cents
and apparently weak at that, started
this morning "a from 562s cents TO SOS
cents. Notwithstanding such an IN
usual advance over night there was
less noise and excitement than accom-
panied the little Il cent jump on last
saturday morning. The smaller shorts
covered their wheat, but the heavy
class of shorts looked on the govern
ment figures with more than doubt
Stlll there was no radical reaction dur
ing the forenoon and such evidence Of
confidence on the part of the bulls kept
the shorts on the rack. May slid off
during the first ten minutes Of the ses-
sion TO 56ls cents. but worked gradually
back again to 563s cents and such mod
crate quantities as were offered for
sale up 10 noon found ready buyers at
from 5614 to 55I2 cents. Cables were
higher, French crop damage reports
were repeated and northwestern re-
Ceipts We're light. Bradstreet's visible
supply statement did not affect the
merket to any great extent. IT showed
stocks east of the Rocky mountains
l.S19.O00 bushels smaller than a week
ago and 12y, 900 bushels on the Pacific
side. European afiOat showed an in
crease of $4,000 bushels. The prices
did not give indications of dropping
materially, there being shorts willing
to take all the offerings of long wheat
up to about fifteen minutes Of the close
at around 57l4 cents. During the last
moments Of the session. however, the,
offerings became more liberal and Nav
closed at 5634 cents.
The market in corn was very strong
at the opening and continued firm
throughout the session and for the
same reason that wheat was higher
the bullish government report. Liver
pool market was quoted 1 pence per
Genital higher and these matters to-
Sether with the bulge in wheat. We're
sufficient to keep shorts on the anxious
seat all day. although the opening
bulge was TOO strong to last. \ few
trades We're made at the opening at Az
cents for May, but before any quantity
could be disposed of the price was 81
cents and it did not take long to break
1t down to 1875 cents. with one or tow
sales at 4612 cents. The range during
the remainder Of the day was between
1866 cents and 1873 cents, with 465s cents
the closing price.
oats were strong also, but it was all
sympathy. Bradstreet's show
ed a decrease in oats of 122. 900 bushels
which could be credited with retain
ing if not assisting the advance. May
started from 4@$s cents up from yes
terday'S last price at 29A cents, sold at
291s cents and again at 1894 cents.
where it closed,
Provisions We're firm but did not
sustain their opening promise in the
extent of the advance MAY pork
started with trading at from $l157la to
$l1.60, with $11.70 rapidly following.
but it declined gradually to the close
at $11.5o, or only 21z cents over yes
terday'S close. Armour & Co, it was
by the pit traders. were sup
plying, through brokers, all the de
mand which cropped out. Hog re-
ceipts of 81, 600 and 40 600 are estimated
for tomorrow. the latter being the
factor Of the early advance
Lard and ribs opened a trif1e higher |
but closed with respective losses of ~ !
cents and cents.
Estimeated receipts for tomorrow: /
Wheat 80 cars, sOrn 120 cars. oats $50 |
cars, hogs 10000 head