The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1895-02-24
DROPS A QUARTER
WHEAT FEARS THE VISIBLE SUP
PLY FOB MONDAY.
General Expectation that the Decrease Will
Not Equal Million Bushels-Wheat
Drops Quarter Cent at the Opening on
New York Selling Orders-NO Particu-
larry Bearish News Since Thursday
Corn Easy, Closing Weak on Estimated
Huge Receipts-Oats Lower-Provisions
Weaken with Corn.

Chicago. Feb. 2S-Trade in change gen.
orally was dull today and in the end
prices suffered. Compared with the
closing rates on Thursday. wheat is =
cent lower, corn is about L cent lower.
oats lost L cent and provisions. although
supported by a falling OF in hog re-
ceipts and reported good demand for
| cash stuff. barely held their own. The
weakest feature in wheat was the pros
pective failure of the visible supply 10
decrease largely Monday
Wheat opened from isdi4 cent below
the price il closed at on Thursday. The
cables were steady. the receipts in the
northwest no heavier than had been ex-
pected and nothing else which might
be calculated tocause weakness was made
public at the opening or had occurred
since the close of Thursday. New York
placed selling orders in the hands of half
| a dozen commission houses here for exc
cution at the opening. The placing OF
these orders caused the May price 10
open at 50 cents for the most part with
few sales at 53Is cents, as compared with
53i4 cents at the close on Thursday In
New York and st. Louis. an the con-
at the opening. The tendency here dur
ing the first hour after the opening was
| toward the picking VI. of the 4 cent
dropped at the start II was generally
expected that the decrease in the visible
supply Monday will be less than 1.000. 90
bushels. This was a prominent factor
in the market Receipts here were is
cars. Minneapolis received $40 cars since
Thursday morning. and Duluth reported
175 cars for the day Atlantic port clear
ances since Thursday were equal TO $4,000
bushels in wheat and flour. Primary
market receipts were $1,000 bushels. Ad-
vices from the seaboard We're 10 the
quiries from abroad for wheat for ship
ment. and some orders were also re-
ceived in this market for export 10 Liver
pool. The market here had very mar
row range, SPACES cents being the under
| edge OF il, and 53i. cents the upper with
the lower price ruling at the close
The corn market was rather easy at
the start and decidedly weak toward the
! end The concluding weakness was due
to the estimated receipts OF Go cars Tor
Monday. The primary market receipts
| were 1900 bushels, against 10000 on the
corresponding day of the year before The
| opening price for May was from i43s 10
| As cents, with the higher OF these the
| most general trading price. There was
some buying by local scalpers when wheat
made it's temporary = cent advance but
/ the estimated receipts for Monday Were
proyement and early buyers made very
| vigorous efforts TO get rid of their pur-
chases. After rising 10 4St cents. the
ensuing decline took the price down 10
4rka4s&, cents, which was the closing
| quotation.
For Saturday. the oats market was
fairly active. Prices closing shade
under the last quotation on Thurs
| day in sympathy with corn, hut not
| withstarding this the market was rela-
! lively firm Higher prices were paid and
| only at the end did any sign of decline
occur. May started at 2ei. cents, sold
| cents. and rested at 29d2sis cents.
| Provisions helped by light hog receipts
opened firm at an advance of 10 cents for
| pork. S cents for lard. and from unc hansen
! to 2ia cents higher for ribs The ten
dency was slightly downward for a
| short time and then the feeling became
| steady with more indications OF improV-
| market became so radically weak. The
\ drop of a cent in corn had a depressing
| effect and the early gain was .ost- MAY
nork and ribs closed unchanged and May
| lard 21z cents higher.
| Estimated receipts for Monday: Wheat,
| 20 cars; corn, $40 cars; oats, $50 cars hoes'
| 40. OfQ.