The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1895-05-15
DEMAND DRIES Up
NO WHEAT Is WANTED FOB EURO:
PEAN EXPECTATION.
On the Other Hand Bearish Features are
Effective After q Bulllsh Beginning on
the Strength OF Firmer Cables and Crop
Damage by Frost--Corn Dull and Weak
Depending on Wheat and Getting Bad,
Left--Oats Declines on Carrington-Han-
nah's Provisions Sluggish Like
the Hog Market, and Lower.

Chicago, May 14.-Wheat today made
a bold advance of Y cent per bushel in
| the face of battery of bearish statis-
| ties but he price was beaten back and
at the close was 2s cent lower than on
| the day before. The bearish feature
which prevailed in the end over crop
| damage reports and diminishing re-
ceipts and stocks was the absence OF
export demand to Europe at current
prices. Corn ruled heavy near the
end and lost Il cent per bushel and
| oats lost u cent. Provisions ruled dull
and weak, pork losing % cents.
Wheat opened very irregularly but
strong. July, which closed yesterday
with sellers at 632s cents. opened with
general demand for it at that price but
hardly seller in sight, but 655s cents
was immedia tely bid and numerous lots
changed hands at 654 cents. one or two
bringing as high as 653s cents. thus
again touching the previous high water
mark since the bull fever began to rage
about month ago. The severe frosts
on the two previous nights, and firmer
cables were the surface conditions
which created the more urgent demand
this morning. The receipts at Mime
apolis and Duluth were 149 cars, COM
ing day of the year before. The total
Of the primary market receipts was
$4,000 bushels compared with 222. 900
at the similar time a year ago. The
exports from the Atlantic seaboard
amounted in flour and wheat to only
go. 900 bushels, all but IS, goo bushels of
which was in the Sape of wheat. The
worlds visible supply, as reported by
Bradtsreets, show a decrease of only
974 900 bushels, decrease in the coun-
try of 3,S46,000 bushels being reduced as
above by an increase of 2.S72 900 bush
els in Europe and afloat The decrease
in the worlds visible supply on the cor
responding week of the year before
was 4,606. 900 bushels OF the opening
burst of bullish harmony, the tune was
changed to lower key and July sold
back to 65 cents and before it rallied
to any extent ii touched GAS cents. At
ter that it recovered again to s5sz cents.
but the absence of any active change
in the latent bullish fea tures of the do
mestic situation and the presence of
some rather active bearish news al
ready referred to. created too strong
an impression upon the minds of the
professional spectators for them TO be
carried away by sentiment and accord
ingly they sold freely on the several
hard spots. The load became a little
heavy near the end and the price sag
ged to 64A cents, but rallied trifie and
closed at 90 cents.
The corn market was rather dull and
for the most part weak. The early
strength in wheat sustained corn for a
time, but when the former turned weak
the latter followed suit. The receipts
were 462 cars and 240 are estimated for |
tomorrow. Liverpool was quoted firm |
at I'D advance, and Milmine, Bodman |
& Co. New York reported having sold |
fourteen boat laods for export. The !
weather of the last two nights /