The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1895-02-16
ALL CLOSE LOWER
UNANIMOUS LATE DECLINE IN
WHEAT, CORN AND OATS,
Dizziness is the Feature Of the Day-Grains
Firm In the Early Dealings, but Kathei
Weak at Closing-ProvisiOns Open Weak
but Close Firm at Advances Wheat d.
vided Between Heavy Northwestern
Receipts and Bullish News From Por-
tugal--Corn Quiet and Weak--Business
in Oats Small and Scattered.


Chicago, Feb. 15-Dulness was the
most prominent feature in all the spec
uIative markets today. In grain, firm
ness was the rule during the forenoon
in spite of the dulness, but in the after
noon, wheat, corn and oats We're all
rather weak and closed at declines of
X cent per bushel each in wheat and
oats and g cent in corn. Provisions re-
versed the order which obtained in
grain by opening weak and closing
firm at a slight Improvement.
In wheat the opening was confronted
by two items Of opposing tendencies.
the heavy northwestern receipts on the
enc hand and the passage Of the reso-
luton by the Portuguese government
authorizing the importation of $500, 90
bushels of wheat between now and
Aug. /. Minneapolis received 264 cars
and Duluth 113, or 337 cars together.
against 189 cars on the previous Friday
end 2iS a year ago. Although the re-
ceipts were disappointingly heavy; dis
appotntingiy so because the recent
small arrivals had led to the expecta-
ton OF continued light movement, the
Portuguese matter was more influential
May opened this morning at from 30 IS
cents to 5312 cents, but hardened when
trading got fairly under way and had a
generally advancing tendency during
the forenoon Receipts at Chicago
were q cars. Primary western mar
ket receipts amounted to 234, 654 bushels
compared with 10000 bushels a week
ago and PA, 900 bushels last year. The
export clearance from the principal
Atlantic ports, including both wheat
and -four We're 1874 bushels of wheat
only $4,000 bushels was wheat The
market showed surprising firmness i'm
view Of the generally discouraging
color of the days market. The price,
sitter gradually stiffening up to $685. az
cents, dropped back again to 533s cents
and appeared TO be wanted in greater
quantities than there We're for sale, at
less than 5312 cents, but near the end
of the session the offerings became
more liberal and May closed at 53:s
cents.
The corr market was comparatively
Quiet, but rather weak and closed at
the bottom of the days range and "A
cent below yesterdays close. 1t was
thought that Partridge, who was
known to be long. was disposing of his
corn through brokers, or if not Pard-
ridge, then some other holder or hold
ers of a considerable quantity 1t was
not thought to be selling for short &C
count that caused the weakness. The
days receipts were 1875 cars, whereas
30 had been estimated. The market
got its principal decline after the esti-
mated receipts for tomorrow Were
known to be 225 cars. May opened
from 451s to ASH cents, did not sell
above the higher of these quotations
and from that down to 44A cents with
the latter price at the close.
oats trading was in small lots and
scattered. At the opening, values were
a shade f1rmer. May started at 29ls
cents and sold at 291sGA cents. A
decline followed, the market resting at
% cents bid.
The provision market opened weak
and closed at some advance. Oh buy
ing by packers. The receipt of $4,000
hogs instead Of $4,000 as estimated,
caused the market to open weak at l
cent decline in pork and 5 c90ts each
in lard and ribs. at the close the
price of pork was ~ cents higher with
lard and ribs virtually unchanged.
business dull.
Estimated receipts for tomorrow:
Wheat, 20 cars; corn, 225 cars; oats, 10
cars; hogs p, 600 head.