The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1895-01-25
KEPT ON DROPPING
LONGS STILL HAVE MORE WHEAT
THAN THEY CARE TO HOLD.
May Wheat Loaded Down to a New Low
Price Record, Twice Sinking to FIFTY
-Four and a Quarter Cents--Day's News
Generally Discouraging to Holders and
Buyers-Corn in Good Demand at Open
ing, Closing a Buarter Cent Lower-Oa;
Firm to Easy and Unchanged--Provis-
ions Lower.

Chicago, Jan. 24-Longs continued to
drop their holdings today and May
wheat made a new low price record at
5i1z cents, closing at that price and %
cent lower than yesterday. May corn
closed "a cent lower, May oats un-
changed and provisions at declines.
The wheat market opened weak
again. May starting at from 54ss cents
TO 54& cents compared with 545s cents
at the close yesterday. The tendency
during the first hour was toward the
recovery of the opening loss and that
was very soon accomplished. An adj
vace to 551s cents in the course OF the
first ten minutes trading was followed
by several reactions to 547s cents and
recovered 55s during the next hour
and q half. The situation was un-
changed in all essential particulars,
though the Liverpool market was
quoted as opening easier and Il pence
lower. The Cincinnati Price Current
remarked that the interior offerings
continued small and that millers' sup
plies were generally low. New York
reported some buying of wheat on for
eisn account and sent buying orders
here on its own account The scalping
crowd were looking for reaction from
the recent heavy feeling but every out
side order to buy or sell 900 bushels
was followed upon its execution by
bunch of small bids or offerings from
the local scalpers. The price was down
again to 54% cents about two hours
from the opening. The total receipts
at primary markets amounted to about
$4,000 compared with 217000 on Thurs
Gay of last week and 229, 900 bushels on
the corresponding day of last year.
Export clearances from Atlantic ports
in wheat and flour amounted to $4,000
bushels. The days news, statistically
and otherwise, did not produce any
thing calculated to arouse the courage
of holders or to bring in fresh buyers.
May began to tumble again about 1
o'clock and sold down to 54as cents,
closing at 5414 cents, new low price
record.
Corn opened with a good demand at
from 45%Gs cents for May. After
hanging around Asa cents and later i'm
proving to 461s cents it sank back at
the close to ASK cents. The cash mar
ket was firm with No. yellow bring
ing within IA cents of No. - May de
livery. 1t has been selling at discount
of 5A cents. Export clearances were
$4,000 bushels of which 1877, 600 bushels
went from New Orleans.
Oats were firm early on buying by
country commission houses and shorts
May opened Is cent higher at 1885 cents
and touched 297s cents. The market
turned easy later with corn and closed
at 29A cents. The trading was not
heavy either way.
The weakness of the provision mar
ket today was very pronounced. The
packers are becoming discouraged by
what they consider the prospects for
continued liberal receipts of hogs, al
though for yesterday, today and esti-
mated for tomorrow there appeared
some prospect of the movement be-
coming lighter. Compared with yes
terday's closing prices pork is % cents
lower, lard ~ cents lower and ribs 10
cents lower